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Texas Resources Are Outstanding in the Field


A fact-filled adaptation of an educational poster on renewable energy. It is an excellent introduction to renewable energy issues as they affect Texas specifically. Included are extensive footnotes and references not included with the original poster.

Get the Big Picture:
 
  1. Texas — An Energy Leader
  2. Texas Now Imports Energy
  3. Texas Energy Use — Today and Tomorrow
  4. Our Future Depends on New Energy
  5. Texas — A Potential Giant
  6. Make a Commitment
  7. References

Texas — An Energy Leader

windmills and oil derricks at sunset photoEver since 1901, when Captain Anthony Lucas struck oil at Spindletop, Texas has been renowned for its vast energy resources. Lucas's historic discovery ignited a frenzy of exploration resulting in the production of enormous amounts of oil, natural gas, coal and uranium. Since 1930, the state has collected more than $35 billion in taxes on oil and gas. Those revenues have helped build some of the nation's best roads, schools and infrastructure.

However, Texas energy production and the benefits the state receives from that production are shrinking. For example, contributions to the state's public schools from the Permanent School Fund, which depends on oil and gas royalties, have fallen by 76 percent since 1982. Over the past two decades, oil production in Texas has fallen by more than half and production is expected to continue its downward trend.


Table 1: Benefits of Texas Energy Industry
(revenues in millions of dollars)
  1982 1995 Change
School Fund $512 $124 - 76%
Severance Tax $2,374 $848 - 64%
Mining Jobs 292,850 147,800 - 49%

 

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