Thousands of Texans, along with fifty partners and sponsors, participated in the annual Texas Energy Day today, held to highlight the importance of the oil and natural gas industry in the State.
Notable speakers at the event included Governor Greg Abbott, Lieutenant Governor Dan Patrick, House Speaker Dade Phelan, Member of the Texas Railroad Commission Wayne Christian, Texas Senator & Chair of the Senate Finance Committee Jane Nelson and Vice Chairman of IHS Markit and Pulitzer Prize Winning Author Daniel Yergin.
The speakers reiterated the economic role played by the oil and gas industry within the state and were uniformly critical of the Biden administration’s energy policies, with many echoing Nelson’s promise that “Texas will push back on the new administration’s hostile approach to energy.”
Greg Abbott’s address offered resolute support for the oil and gas industries, promising that “the great state of Texas is your partner in this process.” He referenced his experience as Attorney General and he echoed Nelson’s promise that the state would support the industry against challenges from Washington.
Citing his meeting with Prime Minister of India Narendra Modi, Abbott asserted Texas’ status as a global energy provider and described defense of the energy sector as a “win-win for Texas, the private sector, as well as the whole world.”
Before continuing his discussion on the growing need for broadband and telemedicine, Abbott recognized the division within the state over continued support for the oil and gas. The governor cited Austin as one of the cities that “pose threats to the future of oil and gas” and swore to protect against local efforts against the fossil fuel industry.
Acknowledging the failures that led to the winter storm crisis earlier this year, House Speaker Dade Phelan repeatedly emphasized the need to implement the necessary infrastructure to support the oil and industry. He went on to attack President Biden’s executive order revoking the 1200-mile Keystone XL pipeline cross-border permit.
“I think this could have a chilling effect,” stated Phelan. “It shows how this administration is going to treat the oil and gas industries. It gives me great concern that the new administration is going to be punitive for political points.”
Partners of the event include a range of oil and gas companies and associations, including the Permian Basin Petroleum Association, Texans for Natural Gas, Texas Alliance of Energy Producers, Texas Association of Business, Texas Association of Manufacturers, Texas Chemical Council, and the Texas Oil & Gas Association. BP, Chevron, ConocoPhillips, Marathon Oil, Port Corpus Christi, San Antonio Pipeliners Association, Shell, Texas Oil & Gas Association, Texas Pipeline Association, and the Texas Propane Gas Association were among the prominent sponsors of the event.