oil industry

If the Strait of Hormuz reopens after the Iranian blockade is lifted, energy economist Ed Hirs predicts it will take many months before oil and gas prices return to pre-war levels.

Texas Agriculture Commissioner Sid Miller says the screwworm will continue to spread unless officials adopt a more aggressive response. Also, energy economist Ed Hirs says Texas oil producers are not significantly increasing production despite higher oil prices.

The state of Texas is working to crack down on the growing problem of oilfield theft. Estimated losses from stolen crude across the state total a billion dollars.

Journalist Beth Gardiner says the fossil fuel industry is increasingly reliant upon plastic products. Her book is Plastic Inc.: The Secret History and Shocking Future of Big Oil's Biggest Bet.

The U.S. Israeli war with Iran has caused a major disruption to the global flow of oil. The price of crude has jumped to over $100 a barrel. But the question has been, is this a short-term problem or will this war cause the destruction of key oil production sites in the Middle East and cause long term higher prices? And can Texas oil producers meet the moment?

Global oil prices are in the high $70s as traffic through Strait of Hormuz comes to a halt. Some analysts have warned they could top $100 a barrel if the stoppage is prolonged.

Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has in abundance — remain appealing.

Petroleum theft is a persistent problem in the state.

TPR’s Jerry Clayton talks to Randolph about the state of the oil industry, gas prices and more.

An exclusive Inside Climate News analysis found that companies have spilled nearly 150 million gallons of toxic, highly saline wastewater in Texas over the last decade.