How the Permian Basin Became North Elon Musk says Australia’s 2 days ago   06:59

Wall Street Journal
The U.S. has more than doubled its crude oil output over the last decade. Much of the growth is due to the Permian Basin of West Texas and New Mexico. WSJ traces the hotspot of North America’s crude oil boom, with a look at challenges that producers in the region face.

#WSJ #oil

Comments 142 Comments

Add Reply

Elon Musk says Australia’s How the Permian Basin Became North 2 days ago   14:09

It’s been a miserable few weeks for Malcolm Turnbull’s government, stalled by myriad cock-ups and controversies. But the greatest challenge it faces continues to be Australia’s crisis over energy supply and cost. Who hasn’t been shocked by a recent electricity or gas bill? And who isn’t infuriated that power prices have risen so sharply? In a country as abundant with resources as ours it defies logic that there are now some Australians who can’t even pay for the electricity or gas to cook a simple meal. While federal – and state – politicians scramble to act, Elon Musk, the American billionaire with the brilliant mind, says he wants to help. In an exclusive interview with Liz Hayes, Musk says Australia’s energy emergency is easily fixable, and his construction of the world’s largest lithium ion battery at Jamestown in South Australia is proof.
Reporter: Liz Hayes
Producer: Grace Tobin