Texas Oil Industry Gearing Up For Massive Oil Boom (It’s Back!)
The Texas Oil and Gas Industry is gearing up for a massive oil boom. It’s the moment we’ve all been waiting for. Who wants an oil job? You want to work? You got it. There’s about to be more oil jobs available than you’ve ever seen before.
The price of crude oil is steadily rising each day. We’ve passed the bottom and are now on the way up, and there’s no stopping it, not even Saudi Arabia this time. The Texas Oil and Gas Industry is about to go into an all out oil boom. What’s this mean? This means those of you that want to work will have a job wherever you want. The state of Texas is already preparing for a massive oil boom. It could very well make the previous one look like it was just a practice run for what’s about to happen.
Brent and U.S. Crude’s West Texas Intermediate (WTI) futures finished regular trading about 3% higher on Tuesday, this coming just days after oil prices surged a year high 6%.
What’s Causing The Sudden Shift In Oil Prices?
Exactly as we predicted in our previous articles, U.S. Crude inventory levels are now being drawn down rapidly. The chips are now in play, and the Texas Oil and Gas Industry is about to go all in.
The American Petroleum Institute (API) reported a draw down of about 1.1 million barrels in U.S. crude oil inventories, when they were actually predicting a 2.4 million barrel build up. This is a 3.5 million barrel swing in favor of rising oil prices. Nobody saw that coming, except us.
Tuesday’s rally is just the tip of the iceberg. According to New York Energy hedge fund Again Capital, we’re about to see new high’s over an over.
The API is set to release a new report this Wednesday, and we further expect the price of crude oil to rally even higher. At this point in the game, there’s no stopping the incoming oil boom.
The price of crude oil will continue to rise due to the depleting crude oil inventories. When the numbers come together from combing the demand for gasoline, and the lower production numbers it will produce the perfect storm. We are going to see a violent swing in oil prices essentially over night. The API has missed the mark almost every time when estimating reserve numbers and what’s going to happen. We’ve been calling it right the whole time.
Brent Crude Futures finished the day on Tuesday up $1.26 at $45.74 a barrel. Yes you heard that right, we’ve went over the $45 mark. In post-settlement trade, it rose as much as $2.01 to an all new high for 2016 of $46.49. This is huge, huge news that nobody expected, besides us. We’ve been saying it all along, it’s only a matter of time and that time has now come.
The Eagle Ford and the Permian Basin are headed for an all out boom. We can expect things to get back to normal with the continued rise in oil prices. People are still saying oil isn’t going anywhere. Is this enough to change your mind?
Texas is gearing up for an all out boom. You can either get ready and go to work, or you can sit on the sidelines and let the opportunity of a lifetime pass you by. Entry level oil jobs start out just under 6 figures in Texas and if you have previous experience you will be looking at even better pay.
Before you go venturing out, make sure you make proper travel arrangements as there’s going to be a huge influx of oil workers coming from everywhere. Pipelines are being built, there’s tons of refinery work going on, and now the rigs are headed back to the patch. Get yourself ready and share this article with your friends so they know what’s coming. Texas is back baby!
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