The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association:
“The invasion of Ukraine is extremely concerning, and we hope for a quick resolution. This conflict and the impact on global markets underscore the importance of strong domestic energy production. National security is directly tied to energy security, and we need policies that do not curtail infrastructure or investment in oil and natural gas development. If Texas were its own country, we would be the world’s third largest natural gas producer, behind only the United States and Russia, so our state plays an important role in ensuring energy stability. Texas-produced natural gas is driving economic and environmental progress, safeguarding our national energy security, and providing critical fuel supplies for our trade partners across the globe.”
