Texas Oil's Risky Shift

U.S. Oil and Gas Association President Tim Stewart warned that California-style energy policies in Texas could harm the state and national economies by heavily regulating an industry he said contributes $27 billion and supports 1.4 million jobs. Citing Colorado, he said regulations were followed by a 25% to 40% drop in production. After Democrats made gains in Texas elections, Stewart said he hoped governor-elect Gina Hinojosa would work with the industry and maintain an “all-above” energy approach.

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