VOL. XXXIV

NO. 8

26-NOVEMBER-1990

Supply/Demand

Texas Production at Maximum Capacity no Longer Needed, Says Department ofEnergy

The US Department of Energy has informed the Texas Railroad Commission thatproduction from the state at maximum capacity, necessitated by the Gulf crisis,is no longer needed because current world oil supplies exceed demand, accordingto a statement issued on 21 November by Mr. Kent Hance, Chairman of the TexasRailroad Commission. He added that as a result the Commission...