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High-Priced Oil Thefts a Low-Risk Proposition
In Texas 273000 oil wells and weak security create an environment where theft of crude climbs as prices rise. Thieves tap pipelines with hot taps and siphon crude with little risk, since many operations go undetected. Industry experts warn of potential losses, but reported theft remains uncertain and not yet costly enough to trigger major action.
MENTIONED IN THIS ARTICLE
Houston
UPI
Texas
Hurley Page
Phil Russell
Texas Railroad Commission
Lone Star
Oil Company
Georgia
Oklahoma
al Brooks
Shell Oil Co
Ron Jones
American Petroleum Institute
Washington