Thieves are cloning trucks and blowing up pipelines to steal $1 billion in Texas crude oil every year
Moneywise reports: West Texas is losing roughly a billion dollars in crude oil each year to theft — and the people taking it have gotten good enough that they clone service trucks, launder barrels through brokers and occasionally blow up the pipeline they’re trying to rob. “It’s like any other commodity,” Jim Wright, chairman of the Texas Railroad Commission, told Texas Public Radio. “When the price is high, they just get sexier.” With oil prices elevated by the Iran war…