Both Democrats and Republicans in a Texas Senate committee agreed there needs to be more oversight of the oil and gas industry. The concerns were about the role natural gas providers played during last year's deadly winter storm disaster.
Both Democrats and Republicans in a Texas Senate committee agreed there needs to be more oversight of the oil and gas industry.Although the Texas Legislature isn’t back in session until next year, lawmakers walked away from Wednesday’s committee with ideas for additional legislation to step up oversight.Members of the Senate business and commerce committee are keeping a microscope on the state entities tasked with keeping the grid up and running.
While lawmakers praised some of the work the Texas Railroad Commission has done in its oversight of the oil and gas industry, senators grilled Chairman Wayne Christian, who’s currently in a run-off election, over whether there could be greater transparency over the supply of gas."There’s the suggestion that have been made that we have daily monitoring, daily reporting by different gas supply.
"I hope the commission is understanding of that y’all have a commensurate responsibility in times of crisis in particular to make sure gas flows, to make sure the industry is acting in an upright manner and not utilizing their legal mechanism to disadvantage the people," Schwertner said. "It’s like looking through a peephole on your front door," Jones said. "We don’t have a full view of what’s happening in the market. We don’t know where the reliability issues are on the gas side."
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