Drilling budgets across Texas and the world are being slashed. Crude prices today are almost 60 percent lower than they were six months ago. The last time the world saw such a rapid descent was the financial crisis of 2008. Before that, it was 1986, when two thirds of Texas’ drilling rigs shut down in two years’ time.
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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.