Texans Discover Oil Grows on Olive Trees as Crude Drops
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As crude prices tumble, landowners across Texas are accelerating production of a different kind of oil -- olive oil.
“I love the trees, and I love watching them grow,” Steve Coffman Jr. said of his 40 acres (16 hectares) of budding olive trees, which he planted two years ago on his red dirt ranch just outside Cotulla, Texas, the epicenter of the state’s Eagle Ford shale-oil boom.