March 22 — The crisis in the oil industry is so bad that Texas regulators are weighing whether to coordinate production cuts with OPEC. If they’re seeking advice, they should look no further than the man who first went to Vienna on behalf of the state’s oil industry.
In 1988, Kent Hance, a member of the Texas Railroad Commission, boarded a plane to meet with the Organization of Petroleum Exporting Countries. Back then, crude was trading in the teens, threatening the future of his state’s main industry.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.