Texas creates wealth

Imagine this reproduced nationwide!  We could make a start paying down the deficit, and ensuring that benefits promised such as Social Security are paid on time and in full.

All that is needed for that to happen is for the Progressive government that currently controls the country to get out of the way.

  "An index that measures oil and gas activity in Texas has reached a record level, bolstered by rising production and wellhead prices, its creators announced this week.

The Texas Petro Index hit the record in February, buoyed by daily crude production levels that soared to the state’s highest level since 1980, said Karr Ingham, the economist who created the index. February crude production in Texas reached an estimated 77.2 million barrels — up 22.4 percent from the same time period in 2013.

Ingham said higher wellhead prices caused an even more dramatic increase in the value of oil and gas produced in February, which rose by more than $2.85 billion from the previous year to $10.63 billion."