Move Over Iraq and Iran, Texas is Taking Over as the World’s No. 3 Oil Producer

by Kemberlee Kaye, July 19, 2018 in LegaIinsurrection

The Lone Star State is poised to pass up Iraq and Iran becoming the world’s third-largest producer of oil next year.

CNN Money reports the shale boom in the Permian Basin, which covers a large swath of West Texas and Southeast New Mexico, is to thank.