Wayne Christian | Why the Largest US Oil Find Remains in the Ground

Despite the increasing role of the United States as an oil producer and exporter, most of her reserves remain in the ground, untapped.

One reason for the wasted potential is political gridlock. Wayne Christian, the Texas Railroad Commissioner, claims Democrat officials are holding back the production of billions of oil and gas barrels from deposits in West Texas and New Mexico.

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In turn, the political uncertainty reduces financing opportunities, he argues, granting big companies with deep pockets a leg up in the market.

This week, Brien Lundin interviews Jim Paterson, CEO of Valore Metals (TSX-V: VO), which is part of the Discovery Group, our sponsor.

Show notes: https://goldnewsletter.com/podcast/why-largest-us-oil-find-remains-ground/ #oil #gas #Texas