Texas Oil Well's reduce oil flow by one half.
During these times of super outragous gas prices what do you think the US oil companies are doing about it. My friend in Fairfield Texas has over 12 oil wells on his property. He said his monthly cash flow has been cut in half the past three months because the US oil companies are reducing the flow from the wells by half. I asked him why now, when the US needs to reduce gas prices. He was told because of politics and treaties that the US had signed with the OPEC nations we have to make it look like we are still dependant on forgein oil. The worse thing about this is you and I can not do anything about it. They were planing on drilling three more wells on his property because they have found one of the largest oil feilds in the US under Texas but it is at twice the depth they are currently drilling. He was told rescently by the same people that told him to purchase the land he now lives on back in 1998 that the US has enough oil in California and Alaska to last the US needs for the next 100 years, not including the oil feild that what was just found under Texas the last quarter of 2005. Its all politics.