RRC Chairman Christian: On oil markets, proration, and strategic petroleum reserve
AUSTIN—As Saudi Arabia and Russia flood the international energy market with a glut of crude oil, prices have dropped to unsustainable levels that threaten the future of the Texas oil and gas industry, its associated benefits to the state economy, and American energy dominance.
The United States recently became the largest producer of oil and natural gas in the world, producing a record 12.4…