If the OPEC oil cartel breaks up, it could be a good thing for the West, and the United States in particular.
On May 1st, the United Arab Emirates (UAE) left the Organization of the Petroleum Exporting Countries (OPEC), shocking many oil producers and analysts because the UAE was one of the early members of the cartel.
And for decades one of the top priorities of the cartel has been to influence the prices of oil in markets around the world, and the biggest price manipulations usually cause prices to go up rather than down.
But the loss of the UAE also means a loss of OPEC stability, according to Texas' Permian Basin Producers Association Ben Sheppard.
"Things are going to change. I think losing a founding member like the UAE from OPEC is going to pose a real challenge."
West Texas Intermediate oil, the main product of the Permian Basin, will likely get a boost as the cartel loses influence in world markets.
"I think West Texas Intermediate and Texas production in general is going to have more sway in the global price of oil."
Good for the world, very good for America, dang good for Texas.