Oil and Gas Today with Chris Faulkner – Podcast #547

Episode Transcript:

There was an eye-opening article in Forbes recently.  Listen to this.  If Texas were a nation, it would be the 8th largest oil producing country in the world, and the 3rd largest natural gas producer.  The oil and gas industry accounts for one-third of the Texas economy, which added 1,000 new jobs A DAY last year.  And the average….AVERAGE…..oil and gas job in Texas pays $125-grand a year.  And Texas alone contributed to one-third of the America’s job growth since 2000.

The state now has a 7-Billion dollar surplus, and collected $13-Billion dollars in tax revenue last year.  This is all 100-percent due to only one thing:  Fracking.  This amazing technology has unleashed an oil boom of epic proportion and is changing lives, filling state coffers and setting us free from foreign oil.

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