June 29, 2018
AUSTIN – The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association.
“We appreciate Governor Abbott’s leadership and his clear understanding of the importance of the oil and natural gas industry to the Texas economy and our nation’s energy security. To maintain our energy dominance and continue meeting the energy needs of our nation and beyond, we need to be able to move unprecedented volumes of oil and natural gas to Texas refining complexes and the gulf coast. That means we need pipelines – lots of them – that are made from specialty steel that isn’t produced in large quantities in the U.S. Governor Abbott is right that tariffs will increase prices of specialty steel and could threaten continued domestic production of oil and natural gas. While we’ve seen impressive accomplishments from this administration, like tax reform and a renewed commitment to science-based regulations, we are concerned that these tariffs threaten the nation’s ability to achieve President Trump’s goal of energy dominance.”