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.
Energy & Environment
Texas Needs To Fix Its Energy Strategy
Texas is America’s manufacturing and energy export powerhouse. If the Trump administration envisions a true American energy renaissance on the horizon, Texas must lead. But before Texas can lead, it must get its own grid in order. Decades of federal and state subsidies—the latter now thankfully dead—have powered an overinvestment in periodic wind and solar...
April 28, 2025