Production of crude oil and natural gas has historically fluctuated based on many market-driven and geopolitical factors. Because the Texas Legislature collects severance taxes from this volatile production to primarily fund the state’s rainy day fund, the purpose for and use of the ESF must be worthy.
Chuck DeVore’s Testimony Before the Texas House Committee on Homeland Security, Public Safety & Veterans’ Affairs | Protecting Texas Critical Infrastructure
Protecting Texas Critical Infrastructure Testimony of Chuck DeVore Senior Fellow, Chief National Initiatives Officer Texas Public Policy Foundation Chairman, members of the committee: thank you for the opportunity to testify. Texas’s electric grid, energy facilities, water systems, ports, and other critical infrastructure underpin our economy and national security. Disruptions cascade fast—as Winter Storm Uri and...