The West Texas oil boom is still, well... Booming!
The Permian boom is transforming America’s place in global energy markets almost overnight.
Until recently, the government had prohibited American producers from exporting crude oil at all, a policy created and upheld since the 1970s, when energy shortages racked the nation.
But in the first decade of the new millennium, West Texas fracking and horizontal drilling opened vast new reserves of previously untapped oil.