Democrats Love Them Some Oil Now
President Obama and his minions, who refused to believe that increasing U.S. oil production would drive the price of gas into the ground, are now eating oily crow.
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Texas Economy Expected to Grow Despite Oil Slump
Texas Comptroller of Public Accounts Glenn Hegar released the Biennium Review Estimate (BRE) on Monday in Austin. He predicted Texas will have $113 billion available for general purpose spending during the 2016-17 biennium. This represents a 9.5 percent increase over the 2014-15 biennium. The new Comptroller predicted a moderate growth rate during the coming two years.
Perry Predicts ‘Very Uncomfortable’ Future for Texas Oil
Texas Governor Rick Perry predicted “This is going to be a painful period of time” in regards to the ever falling price of oil. The remarks came Friday as Perry was speaking to a conservative forum in Austin.
Saudi Arabia Refuses to Slow Oil Production
Despite tumbling oil prices, Saudi Arabia’s oil minister has insisted the country will not slash production in order to keep prices up. Brent crude oil – whose per barrel price is used as a world bench mark – dropped by another
Lower Gas Prices Cast Shadow on Texas’ Economic Future
Lower gas pump prices could mean a loss of jobs and lower tax revenue for the State of Texas. The rapidly dropping gasoline prices are a result of the price of oil dropping into the $55 per barrel range. The
