How an Oil Boom in West Texas is Reshaping the World

Justin Worland | Time   |   January 3, 2019

My view from the window seat of a small regional jet landing in Midland, Texas, is either a testament to the advances of human civilization or a sign of its impending demise, depending on your perspective. Countless oil wells, identified by their glowing red flames, dot the dark landscape.

We are descending into the Permian Basin, the heart of American oil country, where the massive oil and gas boom is changing not just Texas but also the nation and the world.

This year the region is expected to generate an average of 3.9 million barrels per day, roughly a third of total U.S. oil production, according to the U.S. Department of Energy. That’s enough to make the U.S., as of late 2018, the world’s largest producer of crude. The windfall has turned a nation long reliant on foreign oil into a net exporter in a few short years. a third of total U.S. oil production, according to the U.S. Department of Energy. That’s enough to make the U.S., as of late 2018, the world’s largest producer of crude. The windfall has turned a nation long reliant on foreign oil into a net exporter in a few short years.

Read the story at: http://time.com/5492648/permian-oil-boom-west-texas/

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