The Energy Information Administration (NYSEMKT:EIA) released new state crude oil production data last week for the month of December, and one of the highlights of that monthly report is that oil output in America's No. 1 oil-producing state - Texas - continues its phenomenal, eye-popping rise. Here are some details of oil output in "Saudi Texas" for the month of December and the economic impact that production is having on the state and national economies: Read more