Texas Senate Bill SR468

Texas 2017 - 85th Regular

Caption

Recognizing March 22, 2017, as Texas Energy Day.

Impact

The resolution emphasizes the economic benefits of the oil and natural gas industry, which reportedly generated $9.4 billion in taxes and royalties for the state during fiscal year 2016. These funds support critical areas such as education, infrastructure, and emergency services. Furthermore, the resolution recognizes the industry's role in job creation and technological advancements, which have improved operational efficiencies and reduced environmental impacts.

Summary

Senate Resolution 468 recognizes March 22, 2017, as Texas Energy Day at the Capitol. The resolution highlights Texas's leadership in oil and natural gas production, pipeline infrastructure, and refining capabilities, which have contributed to significant American energy security. It notes that in 2016, the U.S. achieved its lowest net imports of crude oil in two decades, echoing the importance of the state's energy resources in achieving this milestone.

Contention

Although SR468 is primarily a resolution acknowledging Texas Energy Day, it implicitly touches upon broader discussions regarding energy production and environmental sustainability. Proponents of the oil and natural gas industry argue that continued advancement in technology not only enhances production but also mitigates environmental impact, as seen in the reported 12 percent reduction of carbon dioxide emissions from energy production between 2005 and 2015. However, these claims often face scrutiny from environmental advocates who express concerns over the ecological repercussions associated with fossil fuel extraction and consumption.