Michael Bastasch – Re-Blogged From Daily Caller
The Permian basin, now the world’s most productive oil and gas field, is booming — so much so that there’s not enough pipeline capacity to carry out all the natural gas it produces, meaning much of it is flared.
How much? Some 553 million cubic feet per day, or enough to power every home in Texas, according to data from Rystad Energy compiled by Bloomberg.
The mismatch between pipeline capacity and production is nothing new, but flaring in the Permian basin, which straddles parts of Texas and New Mexico, jumped 85 percent in the last year. (RELATED: Trump’s Latest Executive Order Could Derail A Favorite Tactic Of Climate Activists)