The Hill | Texas set to pass Iraq, Iran as world's third largest oil producer The Hill Texas's oil industry is set to surpass Iraq and Iran to become the number 3 oil producing region in the world, behind only Russia and Saudi Arabia. CNN Money reports that HSBC Bank predicted in a recent report that the state's explosive growth of oil ... West Texas oil pipeline system announces expansion Houston To Get Its Own Crude Oil Futures As US Exports Rise Texas poised to become the third largest oil producer in the world |