Permian Basin: Difference between revisions
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The Permian Basin also known as the most prolific oil and gas field is located in West Texas and Southeast New Mexico; has been critical to the ongoing oil, gas, and petrochemical boom in the U.S. It is also considered a great example of environmental racism and injustice and is expected to become the world's largest source of climate pollution by 2030. | The Permian Basin also known as the most prolific oil and gas field is located in West Texas and Southeast New Mexico; has been critical to the ongoing oil, gas, and petrochemical boom in the U.S. It is also considered a great example of environmental racism and injustice and is expected to become the world's largest source of climate pollution by 2030. | ||
As reported by Texas Tribune in 2018, the Permian Basin's "unprecedented drilling boom" has turned West Texas into the world's "extraction colony," creating | As reported by Texas Tribune in 2018, the Permian Basin's "unprecedented drilling boom" has turned West Texas into the world's "extraction colony," creating significant [[air pollution]] in the region while "threatening the planet."<ref>https://www.texastribune.org/2018/10/11/west-texas-becomes-worlds-extraction-colony-oil-gas-exports-surge/</ref> The area's production of oil and gas has already quadrupled in the past decade and is projected to produce by the year 2050 nearly 40 billion metric tons of C02. | ||
According to the Permian climate bomb; 80 percent of the emissions which account for over 30.6 billion tons of CO2, would come from burning the liquids and gas produced from new wells that were not in production at the end of 2020. | According to the Permian climate bomb; 80 percent of the emissions which account for over 30.6 billion tons of CO2, would come from burning the liquids and gas produced from new wells that were not in production at the end of 2020. The Permian accounts for 40% of the U.S. oil supply with around 5.4 million barrels of oil being produced per day and all came to be as a result of the Obama administration lifting a decades-long ban on exporting crude oil. | ||
Revision as of 23:08, 10 February 2023
The Permian Basin also known as the most prolific oil and gas field is located in West Texas and Southeast New Mexico; has been critical to the ongoing oil, gas, and petrochemical boom in the U.S. It is also considered a great example of environmental racism and injustice and is expected to become the world's largest source of climate pollution by 2030.
As reported by Texas Tribune in 2018, the Permian Basin's "unprecedented drilling boom" has turned West Texas into the world's "extraction colony," creating significant air pollution in the region while "threatening the planet."[1] The area's production of oil and gas has already quadrupled in the past decade and is projected to produce by the year 2050 nearly 40 billion metric tons of C02.
According to the Permian climate bomb; 80 percent of the emissions which account for over 30.6 billion tons of CO2, would come from burning the liquids and gas produced from new wells that were not in production at the end of 2020. The Permian accounts for 40% of the U.S. oil supply with around 5.4 million barrels of oil being produced per day and all came to be as a result of the Obama administration lifting a decades-long ban on exporting crude oil.