c/WallStreetBets

Fossil fuel development in Texas continues to grow and dominates the entire United States, generating upwards of $415 billion annually toward the state’s GDP. Texas accounts for 43 per cent of U.S. crude oil production, 26 per cent of natural gas production and 31 per cent of the nation’s refining capacity. The oil and gas industry employs about 440,000 Texans directly and another one million indirectly.

Natural gas in particular has experienced exponential growth from its beginning in the late 1990s. Exports of natural gas reached 3.3 billion cubic feet in 2021, triple the volume of 2015.

The Texas government is happy to see the state’s energy sector grow. After all, the industry as a whole paid $24.7 billion in state and local taxes and state royalties in fiscal year 2022, well beyond the record $16 billion set in 2019.

Disclosure : Long $next nextdecade until phase 2 is sold out 🙂

Was down 18k in December. Thought about packing my bags and accepting the loss. However I stuck with it and thank god I did! Finally broke through the even mark today and ended plus 2k the first time in the history of my account. Thank you TESLA NVIDIA LULU AMD. Never give up and HODL!