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Energy Report Highlights Oil Output and Saudis Plot
The Texas Railroad Commission kept July oil production at 100 percent for the 53rd straight month with buyers seeking 2,558,000 barrels daily. The monthly permissible rate sits near 3.5 million, while actual output runs about 2.5 million barrels daily. The cap mostly applies to all but ten Texas fields with lower legal flow rates for conservation. The piece notes world oil oversupply engineered by Saudi Arabia, possible cuts, and a looming Texas legislative session on property taxes plus a historical note on Juan M Veramendi and Ursula Maria de Veramendi’s marriage to Jim Bowie in 1831.
MENTIONED IN THIS ARTICLE
Texas Railroad Commission
Texas
Saudi Arabia
OPEC
U.S
Juan M. Veramendi
Bexar
San Antonio
Ursula Maria de Veramendi
Jim Bowie
Veramendi
Coahuila