Energy policies included in the U.S. House budget reconciliation package represent a “significant shift in U.S. energy policy,” those in the Texas energy sector argue.
This is after the industry has expressed trepidation over Trump energy and tariff policies that created uncertainty in the market by driving up costs, reducing domestic output and dissuading domestic producers from investing in exploration and expanded production, The Center Square reported.
While the Texas oil and natural gas industry reported job gains in January and February, it reported losses in March for the first time in months as rig counts dropped, The Center Square reported. The industry slightly rebounded in April, according to the latest employment data, The Center Square reported.
