Austin, Texas – The following is a statement from Ed Longanecker, president of the Texas Independent Producers & Royalty Owners Association (TIPRO), regarding a letter sent Thursday, June 28th from Governor of Texas Greg Abbott to President Donald Trump concerning federal tariffs against imported steel and aluminum products:
“We commend Governor Abbott for his support of Texas businesses being impacted by the Trump Administration’s recent tariffs on steel and aluminum imports. As described by the governor in his outreach to President Trump, these tariffs present negative consequences to American industries, including the oil and gas sector, and should be reconsidered. Such policy threatens to limit the recovery of the oil and gas industry from the downturn, jeopardizes well-paying jobs, and could adversely affect the economy of Texas and nation as a whole.
Since the tariffs were first proposed by President Trump last year, TIPRO has consistently communicated with state and federal officials on this issue, warning of the negative implications posed to the energy industry. As the leading producer of oil and natural gas in the country, operators in the state of Texas will continue to see a significant increase in the cost for material used in exploration and production activities, including Oil Country Tubular Goods (OCTG) and Line Pipe (LP), until the tariffs are removed. We join Governor Abbott in calling on the president to discontinue the levies against steel and aluminum imports.”