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Refineries in Texas and along its Gulf Coast could get a boost from Venezuela's heavy crude. But oil producers might hesitate to get involved in the country while its future remains uncertain.
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Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.
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Senate Bill 1150, which is on its way to Gov. Greg Abbott, is a rare example of the Texas Legislature regulating the state’s oil and gas industry.
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The Senate Energy Committee passed the proposed legislation in a Thursday meeting.
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Attorney General Gentner Drummond joined the challenge last year against Democrat-led states that filed lawsuits against fossil fuel entities like BP, Exxon Mobil and the American Petroleum Institute.
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Executive orders issued by President Donald Trump within hours of his inauguration indicate plans to expand fossil fuel production and lift regulations on producers.
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Researchers are looking into whether sites in Osage and Kay Counties can be used for permanent underground carbon storage.
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Skyrocketing gas prices have everyone from independent truck drivers to the U.S. energy secretary demanding that oil companies ramp up production. They’d like to and they’re trying to, but it’s just not that easy.
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As the war in Ukraine affects gas prices in the United States, Democrats and Republicans are calling for an increase in domestic energy production. But experts say that won’t be a quick fix.
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Oil prices fell below the $50-per-barrel-mark Tuesday following a hike in oil production by Saudi Arabia.As Business Insider reports, West Texas…