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This “energy miracle” in the Lone Star State has to be one of the most remarkable success stories in history.
by Mark J. Perry
January 22, 2019
As a result of the impressive, “eye-popping,” and ongoing surges in Texas’s oil production over the last decade, the Lone Star State recently surpassed Canada’s oil output for the first time this year (except for a few previous outlier months when production in Canada dropped sharply, see chart below), and now produces more oil (4.6 million barrels per day) than all other countries except for Russia, Saudi Arabia, and Iraq (see map below).
And if the recent year-over-year output increases of 25-35 percent in recent months continue in Texas, it won’t be long before the state’s crude oil production tops Iraq’s daily output (of 4.7 million barrels), and it will only be Russia and Saudi Arabia that out-produce the Lone Star State.
The near quintupling of oil output in Texas, from about 1 million barrels per day (bpd) in 2008 to what will likely be more than 5 million bpd by the end of this year—ranking the state as the world’s No. 4 oil-producing “nation,” fueled by 35 percent annual increases in recent months—has to be one of the most remarkable energy success stories in history.
And this “energy miracle” in the Lone Star State has nothing to do with Obama’s recent delusional claims of his alleged contributions to America’s new position as the world’s No. 1 oil producer, and everything to do with the contributions of free-market capitalism, Yankee ingenuity, technological innovation, revolutionary drilling and extraction techniques supported by modern Made-in-the-USA equipment, and, most importantly, the contributions of America’s many risk-taking “
— Texas Now Produces More Oil Than Every Country in the World Besides Russia, Saudi Arabia, and Iraq originally appeared at American Enterprise Institute and FEE.org.
Rod is one of our nation’s leading minds. He’s smart, original, and very committed—a combination that one rarely finds.
Rod Martin is a Reaganite-Thatcherite conservative…[and] a man who has spent much of his life ministering to and working for the benefit of others. I know Rod as an advocate for freedom, a leader who understands the real changes we need in Washington, and who has the drive and ability to make those changes happen.
Rod Martin is the kind of dynamic leader who has the knowledge, ability and experience to lead us successfully into the 21st Century. His vision for America is compelling.
Rod Martin literally wrote the book on excellence. Humble yet brilliant, a man of love and compassion, with penetrating clarity he illuminates the world around us, and we are both stirred and enlightened.
Rod Martin is a born leader and an outstanding political mind. Anyone who takes him on is going to have a serious fight on their hands.
Rod Martin is a man of uncommon vision and character. Ever since I first worked alongside Rod in the early days of PayPal, I’ve been struck by his powerful vision for the future. Rod understands the intersection of technology, politics and culture in a way that few others do.
Rod Martin wears with uncommon grace an uncanny ability to link his vigorous faith to the practical challenges of both the business world and the political arena. Yet the respect he shows for others carries a warmth and modesty that are both too rare among those who are strong advocates of feisty positions.
America badly needs more leaders who really get the future. We need more Rod Martins.
Rod Martin is a modern day philosopher-statesman. He is a capitalist intellectual, a conservative iconoclast, a gentle adversary and a kind prophet. He inspires us towards a fresh national vision built upon the original founding principles.
Rod Martin is not only effective and efficient, but he is also perceptive, wise and gracious. He gets things done. He is a great friend and a great ally.
Rod is one of the sharpest, most gracious men I know, and one of the most gifted political thinkers today. His ability to analyze issues and communicate thoughtful insights on them have earned him the respect of people across the political spectrum.
I am proud to have been Rod Martin’s friend for a quarter century, and I can tell you that he is one of the finest men and most outstanding leaders in our church and in our country today. He has a knack for turning everything he touches to success.
Rod Martin is a cornucopian entrepreneur and eutropic thinker whose influence radiates through an array of companies, institutions, movements and churches. A renaissance American, he is also a prolific friend of freedom and faith around the globe.
If Rod Martin represents the next generation of leaders, America has nothing to worry about.
A leader and a servant, in public life and in private, Rod Martin strides at the top of his profession, and has nowhere to go but up. He is in the truest sense of the word ‘outstanding’.
Rod Martin is undoubtedly one of the most accomplished thought leaders today. He is a wonderful mentor, a humble role model, and a deep inspiration for the next generation of scientific innovators and entrepreneurs.
Rod’s achievements pale beside his character and his brilliance. He sees what others can’t. He leads when others won’t.
Rod Martin is one of America’s finest young minds.
The future of technology is the future of America. Rod Martin sees that future clearly, and also sees how to shape it for the betterment of all. He is firmly rooted in the traditions of faith and patriotism that have made America great. That’s why he has made, and will make, so many outstanding contributions in so many areas.
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