I have been working tirelessly the past four years, and relentlessly the past three weeks on social media, etc. for the Texas Railroad Commission to re-implement conservation laws in Texas and to stop the flaring of natural gas and the producing, and selling of Texas resource below extraction costs. Texas is the 3rd largest oil producing country on the planet, any effort to remove excess production from the market and/or to slow the rate of shale oil growth in America sends a strong message of cooperation to the rest of the world that we too want to raise and stabilize oil prices. That is good for the American oilfield worker and that is vitally important to America's long term energy security. This is American strength.
This is huge and this will help bring the KSA and RU back to the negotiating table much, much faster. Watch.
God Bless Texas