NPR

Amid Historic Oil Bust, Texas Debates The Once Unthinkable: Keep It In The Ground

Texas regulators have not capped production since 1973, but some smaller producers want such a move to try and stave off bankruptcy. Oil demand and prices have crashed during the COVID-19 pandemic.

Thanks in large part to cratering oil demand brought on by the COVID-19 pandemic and global shutdowns, state regulators in Texas are considering doing something they haven't done in nearly 50 years: limiting the amount

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