The publication analyzed corporate statements issued after the war started, finding that as many as 279 companies had cited the war as a reason for defensive actions, including price hikes and production cuts to cushion the blow from soaring oil and gas prices.
est Texas is losing roughly a billion dollars in crude oil each year to theft — and the people taking it have gotten good enough that they clone service trucks, launder barrels through brokers and occasionally blow up the pipeline they’re trying to rob.
Curious Minds Corner
Which U.S. state pumps out the most oil today?
Texas, producing over 5 million barrels daily thanks to Permian Basin shale booms.