Despite declining crude prices, oil reigns supreme

摘要

A 1% drop in crude oil prices in 2012 didn't stop Texas from adding nearly 100 million barrels to its crude output for the year. The state produced at least 604 million barrels in 2012, compared with 509 million in 2011, even as prices slid from $91.49 to $90.58, according to Karr Ingham, the economist who tracks the Texas Petro Index (TPI). The index keeps tabs on production volume, rig count and employment numbers, among other factors.