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While Trump tweets really stupid stuff in a bizarre effort to manipulate the world oil
market, and the Railroad Commission of Texas sits on its ass and does nothing (in the name of "free enterprise") the American oil and gas industry is going down. Not just shale oil, as the chart above implies, but ALL of us. The long term ramifications of that on
Americas' hydrocarbon future will be a disaster of epic proportions.
“There’s this regulatory authority that’s just sitting there unused for all these years but all of a sudden becomes relevant again,” said James Coleman, an energy law professor at Southern Methodist University. “The Texas Railroad Commission, although obscure, has always been an important international player.”
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