University of Texas Taps Into Big Oil

Every day, the University of Texas System makes about $6 million off a mineral-rich swath of land it manages in the US's largest oil field. Crude and natural gas, not fundraising or investing prowess, have positioned the school's endowment to overtake Harvard University's as the richest in US higher education. Bloomberg's Janet Lorin has The Big Take on "Bloomberg Television."

[valdomero]

Those universities are just huge hedge funds.

[yegenqueen]

Hope they will reduce our school fees now.

[foxooo]

If they are not expanding university seats the endowment needs to be taxed. Enough already.

[MB-yniu]

This is about the University of Texas System, which covers 243, 000 students. On a per student basis, their endowment isn't really that huge in comparison to other top Universities.

[chillxxx]

It’s Texas A&M land and Texas A&M engineering prowess that benefits, the University of Texas, because of politics.

[DallasTexasGT]

Everyone knows that UT is a huge mineral owner. Big question is, how did they know oil was there 130 years ago..

[Joshua-snrv]

Hookm HOrns!! Meanwhile, when I was a student couple years ago, I heard of few students who need to steal food from Target near to the school cuz they got no money, lmao

[diamonddetails]

Blue dress.
Long legs.
Woof woof 💯👀😎

[crankybuzzard]

so now maybe the Progressive students will leave!