Sponsored Content
« Excitable Andy has had enough of Alec Baldwin | Main | Through The Sheer Brilliance Of Barack Obama's Foreign Policy Vision, Israel and Saudi Arabia Are Now Working Together »
November 16, 2013

Black Gold, Texas Tea

Texas is experiencing an incredible boom in oil and gas production, because of technology and as bank robber Willie Sutton said "because that's where the money is."

In this case, the money is oil. And it's in Texas. Two shale fields in Texas together are producing more oil than any other field in the world.

Shale production is more expensive than pulling it out of the ground in Saudi Arabia, but at current market prices it's more than profitable to pump it out of these oil-trapped-in-rock formations. Some of these fields, like Eagle Ford have multiple layers. Right now Texas is producing 32% of all domestic oil. A half million jobs. And the economic upheaval it stressing the infrastructure in places where ten years ago there were rusting pumps and empty lines since the 80s.

So the Saudis have a cost advantage of production from the ground, but a disadvantage on shipment and refining. We're more than happy to take advantage of it.

The job opportunities are crazy insane.

Edgar Hernandez, 32, left Dallas for Midland two years ago when he couldn’t find work. He says he’s earning $2,000 a week working as a diesel engine mechanic for an oil field services company, but the lack of housing means he and his wife have had to live in a trailer home on the side of Interstate 20. “I came here, and right away I had a job,” he said. “Everyone is looking for people.”

Saudi Arabia's answer to this surge is to build refineries they never bothered to build, because they never needed them. But to stay competitive they need em now.

So if you have a high school diploma and would like to make $80,000 a year handing out bottled water to roughnecks, buy yourself a camper home and head to Midland.

Hotels and apartments are just too damned expensive right now.

digg this
posted by Dave In Texas at 07:33 PM

| Access Comments

Recent Comments
JT: "Hiya ..."

Blonde Morticia: " Can Google be deleted? Posted by: Brian Setzer ..."

Skip: "Time to get moving ..."

m: "75 When I was living in France almost 50 years ago ..."

m: "251 The Hash House Harriers (HHH or H3) is an inte ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Theresa Yates: "More than $15k can be earned online by performing ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64