Commissioner Ryan Sitton Highlights Texas Global Energy Impact at Gulf Coast Industry Forum

Texas Insider Report: AUSTIN Texas (PASADENA) - Texas Railroad Commissioner Ryan Sitton today gave the closing keynote address at the Gulf Coast Industry Forum which brought together cities counties port authorities and hundreds of energy industry professionals to discuss challenges and opportunities facing the Gulf Coast energy industry.

Texas impact on global energy markets right now cannot be overstated Sitton said. The things happening in Texas oil fields processing plants and petrochemical facilities are reverberating around the world. For example between 2011 through 2020 U.S. petrochemical capacity will have grown by 28 million tonnes. And since 2010 325 projects cumulatively valued at almost $200 billion in capital investment have been announced many of which are located along the Gulf Coast. As oil and natural gas production continue to rise more pipelines are built and ports expanded and more petrochemical facilities start up American energy is dramatically improving Americas trade deficits and enhancing our economic and national security. Every single Texan should be excited about these developments concluded Sitton.

Earlier in the day Sitton spoke at the University of Texas 17th Annual Gas and Power Institute CLE event. He delivered similar remarks to those described above.