Alarming West Texas Oil Theft Emerges As National Security Threat

Alarming West Texas Oil Theft Emerges As National Security Threat Criminals are exploiting weak points across the West Texas oil production region, which accounts for 15% of the world's energy resources. This emerging wave of oil theft is burning a multi-billion-dollar hole in the budgets of oil and gas operators across the Permian Basin and is becoming a national security threat. Bloomberg reports that oil and gas producers are losing at least $1 billion, if not more, per year due to oilfield theft in what the outlet describes as something...