Texas Legislature rolls into new session after sweeping GOP wins
Republicans seized every statewide post in November with broad margins as Joe Straus won a fourth term as House Speaker amid intra party tensions. Dan Patrick ousted David Dewhurst as lieutenant governor while oil prices threaten tax relief, and long serving Rep. Tom Craddick marks his 24th term. Governor Perry prepares a final address before Abbott takes office.
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Quote of the day on Dez Bryant catch comment in speech
Representative Jeff Leach digressed from his House remarks arguing Scott Turner should be speaker. The remark referenced Dez Bryant and a controversial catch call, highlighting tensions in the leadership debate.
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Energy Dept sees shale oil production peaking then slowing
The Energy Department forecast a second-half drop in U.S. onshore shale output after a six-year boom. Brent and U.S. crude prices slid with expectations of limited OPEC cuts, while gasoline costs are projected to fall. By year end onshore production may drop from a May peak of 74 million barrels per day to 7.2 million.
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