Week In Review: March 22, 2019
Fri, March 22, 2019
March 22, 2019
Energy Briefing
Five Facts About Committee Substitute Senate Bill 421
Texas is the largest oil and gas producing state, and that production depends on Texas pipelines to deliver affordable energy to consumers. These energy supplies fuel the Texas miracle, which is made possible by a low tax, low regulation operating environment that differentiates us from places like California or New York. Committee Substitute Senate Bill 421 would create new and unnecessary regulations on Texas pipelines that will benefit trial lawyers at the expense of Texas energy.
TIPRO Analysis Details Texas Oil & Gas Workforce Trends
A new analysis released today by the Texas Independent Producers & Royalty Owners Association (TIPRO) indicates the Texas oil and natural gas industry had approximately 90,700 job postings so far this year during the months of January and February.
Texas Oil Boom: “The Biggest Income Opportunity in America”
Texas is ground zero for America’s “shale boom.” In recent years, new techniques such as horizontal drilling and hydraulic fracturing have unlocked vast swaths of oil and gas. This has created a new energy boom in dozens of places across the state. Thousands of workers have flocked to the region to strike it rich. Today, it’s not unusual for high school dropouts to earn six-figure incomes. In Texas oil boom towns like Midland, Odessa, and Tilden, the unemployment rate has dropped below two percent.
Texas Legislature
Texas is the largest oil and gas producing state, and that production depends on Texas pipelines to deliver affordable energy to consumers. These energy supplies fuel the Texas miracle, which is made possible by a low tax, low regulation operating environment that differentiates us from places like California or New York. Senate Bill 421 would create new and unnecessary regulations on Texas pipelines that will give the government more control over Texas energy.
In Case You Missed It
Gov. Greg Abbott told a convention of Texas oil and gas producers Wednesday not to worry about Democrats’ Green New Deal, an ambitious agenda to combat climate change that the governor said is so far out and far left that it will only ensure Republican political dominance. “It’s so socialistic,” Abbott said. “It costs so many trillions of dollars. It’s completely unfeasible in any way whatsoever. It shows the way socialism has hijacked the forces of capitalism.”
Click here to read more about how this funding is helping Texas: https://www.texansfornaturalgas.com/abbott_pans_green_new_deal_praises_texas_oil_and_gas_industry
