Texas Bloomberg Report: Texas generates $9.2 million for area schools

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by Deborah Kostroun / Bloomberg

Bloomberg

Posted on April 4, 2013 at 7:36 AM

Updated Thursday, Apr 4 at 7:36 AM

The Lone Star state is still the biggest oil-producing state in the country. At $2.2 million barrels a day in January the state is outpacing North Dakota, which comes in at number two with 738,000 barrels a day. That means Texas produces three times as much oil compared with its closest competitor. But experts say both states are helping to offset declining production in Alaska and the Gulf of Mexico. The Energy Information Agency says there's plenty of oil sitting around. Oil stockpiles are at a 22-year high, the most since 1990.

This week the state of Texas generated $9.2 million for Texas schools. This was after oil and gas companies bid to drill on land owned by the state, which includes land submerged in the Gulf of Mexico.

Spring storms in Texas are unpredictable, as evidence by this week's hail storms in parts of the state. Allstate Insurance says the number of Texas hail and wind-related homeowner's insurance claims rose 5 percemt last year. Lightning-related claims increased 52 percent.

We're on the brink of wedding season. According to Bloomberg rankings, using data from bridal site "The Knot", the cost to get married is going up. The price of a wedding dress last year averaged more than $1,200. The overall wedding price? Nearly $28,500!

 

 

 

 

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