Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) continues to monitor how geopolitical tensions and other factors, including underinvestment in domestic production, rising demand and policy constraints facing U.S. producers, are impacting the energy markets and commodity prices. TIPRO advises that these issues collectively underscore the pivotal role that Texas has in providing energy security to our country and other democracies around the world. The following statement can be attributed to TIPRO’s President Ed Longanecker:
“America is blessed with abundant natural resources, and never has our national energy security been more important than today. Our European allies know well the negative consequences of relying on Russian oil and gas. Texas has a key role to play in powering our own economy and enhancing the security of our global allies. But to do so, we must support policies that better leverage our domestic production capacity. We need to encourage energy infrastructure buildout and expanding exports of crude oil and liquefied natural gas (LNG), which will further advance Texas’ role as a key supplier of global energy and will serve as a stabilizing force in the world’s energy markets.”
