Why the Largest US Oil Find Remains in the Ground
Fergus Hodgson, December 23, 2019 
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Despite the increasing role of the United States as an oil producer and exporter, most of her reserves remain in the ground, untapped.
One reason for the wasted potential is political gridlock. Wayne Christian, the Texas Railroad Commissioner, claims Democrat officials are holding back the production of billions of oil and gas barrels from deposits in West Texas and New Mexico.
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In turn, the political uncertainty reduces financing opportunities, he argues, granting big companies with deep pockets a leg up in the market.
This week, Brien Lundin interviews Jim Paterson, CEO of Valore Metals (TSX-V: VO), which is part of the Discovery Group, our sponsor.
Recommended Links
- Visit the website of the Railroad Commission of Texas and the Adam Smith Society.
- Watch “The Era of Shale Oil and Gas,” University of Chicago Harris School of Public Policy.
- “Mammoth Texas Oil Discovery Biggest Ever in USA,” CNN.
- “US Sets New Records for Proved Oil and Gas Reserves,” Journal of Petroleum Technology.
- “Department of Energy Announces $88 Million for Oil and Natural Gas Recovery Research,” Energy.gov.
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Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.