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Texas oil faces price gaps under federal controls
Texas supplies about twice as much oil to the U S as Saudi Arabia with production near 100 percent capacity yet declining from 1972 levels. Prices vary under federal controls with about 60 percent at 5.25 and 40 percent at 11.50 per barrel, averaging around 7 66. Texas remains pivotal to U S energy and security.
MENTIONED IN THIS ARTICLE
Dallas
Texas
Saudi Arabia
Jack S. Blanton
Houston
Texas Mid-Continent Oil & Gas Association
U.S
The
Railroad Commission
West