The United States of Oil

By John Lippert - 2013-04-02T12:33:57Z

Photograph by Spencer Lowell/Bloomberg Markets

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Priming the Permian Basin   

Well pads, flattened and cleared to make way for drilling equipment, cover portions of the Permian Basin in west Texas. The Permian has been a cradle of traditional drilling since 1921, producing 32 billion barrels. Some experts forecast that with carbon dioxide-enhanced oil drilling techniques, the Permian can yield another 32 billion barrels, or more.