July 8, 2015 § Leave a comment
Texas Railroad Commission Chairman David Porter @DavidPorterRRC testified before the U.S. Agriculture Committee on July 8, 2015 on the urgency of lifting the federal ban on crude oil exports. His testimony stressed the link between lifting the ban on crude exports and economic growth. Chairman Porter spoke passionately about the economic impacts of the recent downturn in oil prices in Texas; resulting in mass layoffs and losses in state revenues that support key infrastructure.
Chairman Porter also stated that the crude oil export ban is responsible for the disparity between West Texas Intermediate (WTI), the U.S. pricing benchmark for crude – and the international benchmark, Brent.
For more information, read his full testimony.
June 17, 2014 § Leave a comment
The Associated Press (AP) reports that the Texas Railroad Commission is enforcing a ban on staff interviews with the press. The policy is not really news, but is making the rounds because AP is not happy about the policy, which was approved last August. The press still has access to designated media relations spokespersons, and to all official releases from the Commission. The policy appears to help avoid needless disruptions to the agency, unofficial statements that may be counterproductive or confusing.