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The spill at the Port of Victoria was a mixture of crude oil, diesel, and hydrogen sulfide. It caused numerous complaints among residents in the Coastal Bend.
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As climate researchers say the world must transition away from new oil and gas production, ExxonMobil is acquiring a major U.S. shale oil company with one of the country's biggest oil fields.
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The spill was originally estimated at 90 barrels of light crude before a later tally put it at 335 barrels, or 14,000 gallons.
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Texas passed SB13 and SB19 to protect the oil and gun industries by boycotting lenders with ESG policies. A study shows it's costing Texas hundreds of millions of dollars.
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The bump in exports may only be temporary unless the U.S. can substantially grow its oil production, which investors have been reluctant to fund.
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Experts say the oil market is volatile right now, and is likely to remain unpredictable for the foreseeable future.
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Domestic producers say it’s time for more investment in oil and gas, but supporters of clean energy argue it may not drive down consumer costs — and could lock the U.S. into an oil-dependent future.
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State officials were investigating the incident at the Magellan facility. Texas Commission on Environmental Quality monitored air quality in the area.
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The oil industry is in the midst of one of the worst busts on record. The price of oil is a third less than it was in January, and for every dollar the price drops, Texas stands to lose $85 million a year in economic impact. We travel to Midland and Odessa to talk to people who work in and around the oil fields about how they are weathering the collapse in the market.
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Communities and small companies that rely on the oil industry are struggling.