Following Democrat Gina Hinojosa’s reported victory in the Texas governor’s race, energy industry leaders are sounding the alarm over the possibility of sweeping regulatory changes that could threaten investment, employment, and domestic oil production.
At the center of the controversy is Tim Stewart, president of the U.S. Oil and Gas Association, who fears Texas could eventually follow the same regulatory path as California and Colorado.
For an industry that depends on long-term investment and predictable government policies, the prospect of a major shift in leadership is enough to generate considerable uncertainty.
