Pfluger, Pruett, TIPRO excoriate Biden’s plan Texas political leaders and oil and gas producers are fighting President Biden’s proposed budget reconciliation bill with all the force they can muster, saying the bill’s energy-related measures would severely damage the nation. … Pruett said the reconciliation bill “has provisions designed to put U.S. oil and gas producers […]
By Ed Longanecker, President of the Texas Independent Producers and Royalty Owners Association A punishing national energy tax is included in the behemoth $3.5 trillion reconciliation package under consideration in Congress. Under the guise of reducing emissions, the tax singles out petroleum and natural gas production and could cripple small Texas operators and all consumers. […]
“Oil and natural gas demand is poised to surge over the next 6-12 months,” Ed Longanecker, president of TIPRO, said in a statement. “Bullish fundamentals set up oil prices and the industry for strong returns over the next few years, which will have a positive impact on industry employment and economic growth for our state […]
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