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Cracks in the Pipeline: How Oil Theft is Flooding the Black Market
Permian Basin, Texas, USAFriday, September 20, 2024
The stakes are high. Drilling rigs can contain millions of dollars' worth of oil, while trucks can haul hundreds of thousands of dollars' worth of oil per load. Equipment has been stolen, and even oil company employees have been attacked. The thieves use tactics like hijacking trucks and siphoning off gasoline, making it a complex and challenging problem to combat.
"It's not just people being attacked. It's not just a threat to our economy. It's an absolute threat to national security," says Matt Coday, president and founder of the Oil & Gas Workers Association. Coday has seen firsthand the devastating effects of oil theft on local communities. "We want good jobs where we can support our own families. We want good schools for our kids. We want safe communities. Not one of us wants to go to work and wonder if we're going to come home."
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