A combination of inexhaustible reserves and innovative technologies have propelled Texas to the top of the list of energy-producing states. In the U.S., the Lone Star State leads in oil reserves. It produces the highest amount of oil, natural gas, and lignite coal. The state also yields more wind power than any other state.
Even globally, Texas is an energy powerhouse. According to the American Petroleum Institute, the state ranks second in the world for natural gas production and seventh in oil. In 2015, an average of 3.4 million barrels of oil per day was produced, which is almost the same output level of known middle eastern major oil exporters Iran and United Arab Emirates.
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As oil and natural gas production from shale has flourished, incomes have been raised, and utility rates were reduced. These have allowed Americans to save an equivalent of $1,200 in real disposable household income.
The boost in energy production has also helped the establishment, reopening, and expansion of businesses in the chemical and manufacturing industries. These have led to an industry output of $37 billion and the creation of 81,000 permanent jobs back in 2013, according to then Governor Rick Perry.
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With Texas continuing to fuel the nation’s hydrocarbon production, supplying 20 percent of the U.S. oil output, continuous economic progress, less reliance on foreign oil, and energy independence as a nation is on the horizon.
Primera Energy LLC, an oil and gas industry leader in Texas, is helmed by Brian Alfaro. He has hopes for the nation to be self-sufficient in energy and fuel supply. Learn more about energy by following this Twitter account.