Step Aside Russian Oil. Texas Oil is Ready to Take Over - a podcast by WFAA

When it comes to war, everyone seems to lose. But Texas could come out a big winner if our oil and gas industry have to step in and help supply energy to Europe that has regularly relied on Russia. The oil patch in West Texas is already seeing increased demand as we come out of the pandemic. But war could now accelerate it. In this episode, Todd Staples, president of the Texas Oil&Gas Association, predicted that state taxes generated by oil and gas revenues are likely to lead to a windfall of new money for the Texas budget. But how will it be spent? State Senator Paul Bettencourt already has some ideas. Plus, he said, if Texas has any money invested in the Russian Federation, Senator Bettencourt wants it out.

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