April 9, 2012

The Reason It's Called Texas Tea

Charles Stockdale, 24/7 Wall St.


Fortune

As gas prices reach record highs across many parts of the country, Americans have been blaming oil companies. But as much as they are disliked, the oil and gas industry is also an indispensable part of many states and an asset to their local economies. 24/7 Wall St. has identified the 10 states with the most oil reserves, or the estimated amount of oil in the state, and examined the effects that the industry has on their economies. . .

Read Full Article ››

TAGGED: oil production, oil, domestic oil production, domestic oil, 24/7WallSt.com

RECOMMENDED ARTICLES

People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop... more ››
April 2, 2012
Support for Domestic Oil Production Rising
Shira Mincer, Huffington Post
You might think rising gasoline prices at a time of flat demand and surging domestic oil production would convince Americans that we need to find alternatives to oil. But no. A new survey shows the public increasingly tilting... more ››
March 29, 2012
Whoops! Saudis Don't Promise More Oil
John Kemp, Reuters
Saudi Oil Minister Ali al-Naimi repeated previous criticisms about how traders and the media misunderstand the oil market and the country's policies, but made no promise of an immediate output increase, in an opinion article for... more ››
March 29, 2012
Bush vs. Obama: Who's More Oil Friendly?
Yadullah Hussain, Fin. Post
Under pressure from Republicans, the U.S. administration is at great pains to showcase President Barack Obama’s crude credentials and how he  has presided over the oil industry’s ‘great revival’. more ››