Three Texas railroad commissioners are elected to six year terms with one seeking election every two year. Since no specific seat is designated as Chairman, they must decide amongst themselves who will serve that position. The commission has an yearly budget of $79 million and manages oil, gas, mining, propane and pipelines and monitors production costs on a month by month basis.
The commission was originally designed to survey the railways. However, over time it has also come to exercise control over rates, operations of railways, terminals, wharves and express companies. The government took control of all of the railways in 1984, but the commission still continues to exercise control over safety, planning and maintenance and other affiliated programs.
To this day, it is still responsible for oil and gas. However, it is also in charge of monitoring the production and the associated monthly costs of these resources and holding hearings while also ensuring that rules and regulations are upheld. It also ensures that water resources are not contaminated.
There have been a number of hiccups in this industry throughout the years. During the Iranian Revolution and the Iran-Iraq war, oil prices increased and American citizens were interested in using local resources. These local resources continued to be profitable until 1986 when they crashed.
When these local resources crashed, bankruptcies resulted and there was a massive downsizing in the sector. In spite of these events, production has again increased. As an institution it is incredibly flexible and resilient although it continues to face unique challenges.
Texas railroad commissioners are in charge of surveying more than just the railways. As time passed, the jurisdiction of the committee has grown and it now has control over a wide range of resources. Although it has faced some challenges, it continues to play an important role in society today. texas railroad commissioner
The commission was originally designed to survey the railways. However, over time it has also come to exercise control over rates, operations of railways, terminals, wharves and express companies. The government took control of all of the railways in 1984, but the commission still continues to exercise control over safety, planning and maintenance and other affiliated programs.
To this day, it is still responsible for oil and gas. However, it is also in charge of monitoring the production and the associated monthly costs of these resources and holding hearings while also ensuring that rules and regulations are upheld. It also ensures that water resources are not contaminated.
There have been a number of hiccups in this industry throughout the years. During the Iranian Revolution and the Iran-Iraq war, oil prices increased and American citizens were interested in using local resources. These local resources continued to be profitable until 1986 when they crashed.
When these local resources crashed, bankruptcies resulted and there was a massive downsizing in the sector. In spite of these events, production has again increased. As an institution it is incredibly flexible and resilient although it continues to face unique challenges.
Texas railroad commissioners are in charge of surveying more than just the railways. As time passed, the jurisdiction of the committee has grown and it now has control over a wide range of resources. Although it has faced some challenges, it continues to play an important role in society today. texas railroad commissioner
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