Willisms
Navigation
Buy WILLisms

XML Feed
rss-icon.gif Feedburner RSS
WILLisms.com on Twitter



Featured Entries

The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM

Iran's Sham Election In Houston.
June 20, 2005 5:36 AM

Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM

Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM

Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM

Idea Majorities Do Matter.
May 12, 2006 6:15 PM

Twilight Zone Economics.
Oct. 17, 2006 12:30 AM

The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM

From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM

Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM

Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM

Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM

Unions Antithetical to Liberty.
May 28, 2008 11:12 PM

Right To Work States Rock.
June 9, 2008 12:25 PM



Donate





Links

Ace of Spades
HotAir
Protein Wisdom
Ramparts360
RightWingNews
Urban Grounds
Wizbang
The Real Wendy Davis








Search



Archives

April 2014
March 2014
January 2014
December 2013
September 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
September 2012
August 2012
July 2012
May 2012
April 2012
March 2012
February 2012
December 2011
November 2011
September 2011
August 2011
July 2011
June 2011
May 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004




Social Security Reform Thursday.
January 29, 2008

Caption Contest Archive
Jan. 21, 2009

The Carnival Of Classiness.
Mar. 14, 2006

Quotational Therapy: Obama.
Apr. 4, 2008

Mainstream Melee: Wolfowitz.
May 19, 2007

Pundit Roundtable: Leaks.
July 9, 2006

A WILLisms.com(ic), by Ken McCracken
July 14, 2006




Credits

Powered by Movable Type 3.17
Site Design by Sekimori




WILLisms.com January 2009 Book of the Month (certified classy):











The WILLisms.com Gift Shop: Support This Site

giftshopbanner.gif











This Week's Carnival of Revolutions: carnivalbutton.gif



Carnival Home Base: homebase.gif

















Site Meter











Willisms

« Texas Has America's Highest Graduation Rate. | WILLisms.com | Paul Krugman Versus Milton Friedman. »

Midland's Oil Boom.

Trivia Tidbit of the Day: Part 979 -- The Oil Boom In Midland, Texas-

Stumbled across some interesting numbers in this news report on the oil and gas business from the Midland Reporter-Telegram:

By the numbers

Mining/quarrying/oil and gas extraction in Midland County

Year Gross sales

2002 $187,872,186

2003 $233,649,194

2004 $262,799,261

2005 $400,325,985

2006 $689,784,460

2007 $803,041,212

2008 $1,062,513,372

2009 $747,580,419

2010 $1,063,064,890

2011 $1,745,241,081

2012 $2,351,415,984

Source: Texas Comptroller of Public Accounts

Here's what that looks like (click for larger version):

midlandtexasenergyproduction.001.jpg

Now, in 2013, the value of oil and gas production in Texas grew about 25-30%, based on early numbers. So the 2013 numbers for Midland County would be literally off the chart here, likely at or above $3 billion.

For one industry. In one county. That's like the entire annual GDP of Guyana or Eritrea.

It's no wonder that Midland has a 3.0% unemployment rate and, in one sense, at least, is the wealthiest place in America.

And as amazing as all this is, it's a relative drop in the bucket in terms of Texas' total oil and gas production, which was worth in the neighborhood of $110 billion in 2013.

In January 2014, Texas, with just 8.2% of the nation's population, accounted for 36.2% of America's crude oil production, a new record (records only go back to 1981).

Moreover, if Texas were its own country, it would already rank in the top 10 of oil-producing countries, and "the state could soon surpass Kuwait, UAE, Iraq, Iran and even Canada to move up in the international oil production rankings to become the world’s No. 5 or No. 6 oil producer within the next few years."

Contrast all that with California, which is still in decline despite abundant deposits of oil and natural gas under the ground and offshore.

It turns out that policies matter, and Texas can't afford to allow someone like liberal Democrat Wendy Davis, better known for her staunch advocacy of elective late-term abortion after 5 months of pregnancy and for falsifying her biography, to harm Texas' oil and gas jobs boom.

Moreover, it's about time for a new President.

-------------------------------------

Previous Trivia Tidbit: Texas Has America's Best Graduation Rates.

rss-icon.gif twitter-icon.gif facebook-icon.gif

Posted by Will Franklin · 1 April 2014 04:54 PM

Comments