BLM is proposing to close all areas with no known low and moderate oil and gas development potential and is basing its analysis off the oil and gas potential on out of date information that does not take into consideration modern technology. The permian basin was once thought to be low to medium and now it's the highest producing oil field in the world. As a result, the permian basin would be closed if this proposal had been in place in New Mexico and Texas prior to the significant amount of production that is now occurring. (1:08:51–1:09:02)
CLAIM
Asserts that the Permian Basin was once considered low to medium potential but is now the highest producing oil field in the world.
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