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Texas isn’t the only place they are finding new oil.

The United States has vast reserves of oil and this has been known for several decades.

The problem with developing these resources is that they have to be able to sell the oil for 40 - 60 dollars per barrel to be profitable.

During the 80s the oil companies invested in US production due to the oil shortages of the 70’s only to see the Saudis crash oil prices to below 20 dollars per barrel.

For a decade or so it was much cheaper to deplete Saudi oil reserves at rock bottom prices per barrel.

World demand is such that it is now the time to develop US domestic reserves

U.S. has unlimited amount of oil, coal and natural gas. there is no reason that we shouldn't have energy that is 5 times cheaper now, at least our electric bills should be 10x cheaper. well there is a reason = democrats are keeping us from our natural resources. democrats say oil and coal are destroying the planet with global warming. global warming is a hoax.

with cheaper energy then we could be making things in America as we have more oil than other countries , much more oil than China too. cheap energy can power factories etc. it's the EPA, obama , democrats and their gov regulations and environmental laws holding us back.