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The Lone Star State is experiencing a massive oil boom that experts say will surpass OPEC members Iraq and Iran. If it were its own country, Texas would be the world's third most powerful oil producer, according to HSBC.
The state has the shale oil boom to thank for this. It provides two massive oil fields in the Permian Basin of West Texas.
The top two oil producers are Saudi Arabia and Russia -- and now, Texas. Bob McNally, president of Rapidan Energy Group said: "The Permian is nothing less than a blessing for the global economy."
According to CNN Money, oil executives speculate that the amount of oil in the state's Permian Basin could be as big as Saudi Arabia's Ghawar Field which is the world's largest oilfield. This is good for the United States because it means relying less on foreign oil in the Middle East.
"Yesterday's moonshot is today's oil rush," asserted Glenn on Friday's episode of "The Glenn Beck Radio Program."
"OPEC tried to kill us. This is really so underreported. OPEC and the Russians and the Saudis -- they ramped up oil production back in 2014 to drive the frackers out of business."
Catch Glenn's reaction to the news in the clip above.
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