By Alex Mills
Texas is leading the charge in making America more energy secure, according to new study released this month.
“The United States is now producing more oil and natural gas than any country in the world, and American oil and natural gas production volumes are at record highs,” the study published by Texans for Natural Gas said.
“The United States is poised to export more energy than it imports for the first time since the 1950s; during the past decade the U.S. energy trade deficit fell by $363 billion, while the non-energy trade deficit rose by $343 billion,” the study said.
Texas is the leading producer of oil and natural gas, accounting for 40 percent of U.S. oil production and 25 percent of the nation’s natural gas production.
The Permian Basin, the largest oil producing region, recently surpassed Saudi Arabia’s Ghawar as world’s top producing oilfield. The Eagle Ford Shale of South Texas is the second highest producing oilfield in the U.S.
The report also said Laredo surpassed Los Angeles as the nation’s top trade port in March, and the Houston-Galveston Port District became a net export of crude oil and petroleum production last year….