Reasons Texas Oil Makes Market Resilient.Via Ray Perryman

How is Texas oil economy making the market resilient?

• the United States is the world’s largest producer of crude oil
  • 2/3 of domestic output is in the Permian Basin
• technological advances in exploration and production techniques support US oil production
• when a problem happens elsewhere, operations resume more quickly than in the past

Odessa American News | PERRYMAN: Resilience