Unable to find funding to repair roads damaged by the booming oil industry traffic, Texas will convert asphalt roads to gravel. Texas's gas tax is among the lowest in the nation.
Aug 26, 2013 The Texas Tribune
Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.
Aug 20, 2013 The New York Times - Global Business
Confirming an earlier Dept. of Energy report, the International Energy Agency's World Energy Outlook indicates not only that U.S. oil production will surpass Saudi Arabia's by 2020, but that it will be a net exporter by 2030 - thanks to fracking.
Nov 14, 2012 Bloomberg News
In a speech in Houston on Tuesday, Saudi Arabia Oil Minister Ali al-Naimi expressed concern that too much emphasis on alternative energies would mean lack of funding for oil investments.
Feb 12, 2009 International Business Times