We must tell the media, our neighbors, friends, and associates of the hundreds of thousands of tax dollars paid by royalty owners and oil companies to Texas counties, school districts, hospital districts, and highway funds. We should point out that not one dollar of taxes are paid to Texas counties or cities on oil produced in foreign countries which is imported to America. Generous gifts from oil and gas income have been made in almost every community in Texas. It is imperative that we educate the public to understand the extreme disadvantage American producers face from imported oil. No other country has the Labor controls, EPA regulations, taxes, and the high liability insurance costs.
Oil produced in America and Texas means jobs and money spent in local communities.
But most of all we must educate Americans to the fact that we are being held hostage by foreign cartels who dictate the price of oil by flooding the market and causing record low prices, then withdrawing production and causing the price to spiral upward. We must offer incentives to help domestic producers continue to produce American oil and gas, and we must urge our legislators to develop a strong domestic energy policy to protect us from economic disaster and to enable us to have a viable source of oil and gas for a strong military defense necessary to protect America.