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.
Foreign Policy
Midland: The Fruits of the Conquest
Most of the past forty-eight hours have been spent either in, or en route to and from, the Midland-Odessa region. Far out in west Texas’s Permian Basin, the two cities — towns, really — have a relationship that I still can’t quite unpack. On my last visit, which turned out to be the first time...
January 14, 2022