Quote:
Originally posted by Tom Earp
Ask ktsnake how many oil pumps sit idle along I-35.
Sad!
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I live and work on one of the largest oil basins in the world.
We also have tons of natural gas.
Is there production? Not really anything major since Jimmy Carter basically ruined the O&G business with his tax increases. My parents owned an oil company and had to sell it back then to Koch. We still get some piddly royalty checks.
Now that prices are up, so are their royalty checks. And there is more exploration in the state which is doing good things to the economy.
The real bottom line is that we as a country and as a world need to go after alternative sources of energy. Some oil companies say that they are serious about this. I don't see how it could be in ther best interests to do anything but delay it though.