TEXAS SHOULD NOT PRORATE OIL, BUT MAYBE U.S. OIL STATES SHOULD?
As you also know, proration has a long history in many States to manage waste and product costs. It may be time to implement a nationwide system in order to stabilize the industry.
I am not interested in Texas working with other governments to alter supply. I am very much interested in examining the possibility of forming an Interstate Proration Board, as detailed below. Such a system could:
1) gain the US a seat at the table with OPEC and Russia
