What’s Texas’ biggest problem these days? There’s so much oil being produced in the state that it can’t be refined quickly enough.
Check it out:
Texas is on its way to become the world’s second largest oil producer, but a 1970s law blocking crude oil exports from the United States means that much of that oil is sitting idle in the Lone Star State waiting to be refined.
Texan officials are joining the oil industry and federal lawmakers in calling for an end to the oil export ban, put in place in the wake of OPEC’s oil embargo on the U.S. and its allies. But now that U.S. oil production is booming, calls for the export ban to lifted have been increasing.
“That’s one of the reasons why a number of people in the industry and I have called on the federal government to reconsider limitations on exports of American oil,” Texas Railroad Commissioner David Porter told 1200 WOAI’s Michael Board.