News · click2houston.com

Bo French , Jon Rosenthal battle over culture , job duties in bid to regulate the oil and gas industry

Republican Bo French (56) and Democrat Jon Rosenthal, a four-term state representative from Houston, are competing for a seat on the Texas Railroad Commission, the state's oil and gas regulator, in the Nov. 3 election. French's remarks about South Asian students at the University of Texas at Austin pushed the race into the national spotlight, and if Rosenthal wins he would be the first Democrat elected to the commission since the 1990s. Rosenthal pledges to pursue chronic polluters and create a fee on underground storage of oil and gas wastewater, though his fundraising has lagged behind previous Democratic candidates. French vows to lower electricity and gas prices, cut regulations and DEI programs, and let industry produce more oil, and he has not backed down despite criticism from his own party and the industry. The commission oversees a budget of about half a billion dollars.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on click2houston.com ↗

Keywords

oil and gasoil pricesBo FrenchJon Rosenthal

Open a keyword to see other news on the same topic.

Related news

  • Bo French, Jon Rosenthal battle over culture, job duties in bid to regulate the oil and gas industry

    Democrat Jon Rosenthal, a four-term state representative and oil field engineer, is running against Bo French, a conservative whose racially charged remarks have drawn national attention, for a seat on the Texas Railroad Commission, which regulates the state's oil and gas industry. If Rosenthal wins on Nov. 3, he would be the first Democrat elected to the commission since the 1990s, and he has pledged to pursue chronic polluters and expand oversight of natural gas facilities. French, who wants to deregulate the industry and let it produce more oil, has also pledged to cut regulations and DEI programs, though some experts warn that flooding the market could tank oil prices. Rosenthal's campaign has reportedly struggled to raise money compared with previous Democratic candidates, while French has not backed down despite criticism from his own party and the industry.

    kcbd.com·oil and gascorporate cultureBo French
  • Bo French, Jon Rosenthal battle over culture, job duties in bid to regulate the oil and gas industry

    Democrat Jon Rosenthal, a Houston state representative and oil field engineer, is challenging Republican Bo French for a seat on the Texas Railroad Commission, which regulates the state's oil and gas industry. French, a conservative firebrand whose racially charged remarks about South Asian students drew national attention, has focused the race on Chinese-owned land, DEI, immigration and LGBTQ+ issues that the commission has little power over. Rosenthal has pledged to pursue chronic polluters, strengthen oversight of natural gas facilities, and create a wastewater fee to fund abandoned well cleanup, and would be the first Democrat elected to the commission since the 1990s. However, his fundraising has trailed previous Democratic candidates, and French has not backed down despite criticism from his own party. The winner of the Nov. 3 election will oversee a state agency with a half-billion budget.

    ksat.com·oil and gasoil pricesenergy
  • Liquidity Plunges as Money Exits Retail, Oil & Gas and Securities StocksVietstock·▼ VNINDEX▼ BSR▼ FRT▼ HCMVNINDEXliquiditycapital flows
  • Chord Energy Provides Preliminary 3Q26 Operational and Financial Results

    Chord Energy (NASDAQ: CHRD) released preliminary 3Q26 results showing oil, natural gas and NGL volumes above the high end of guidance, with CapEx in line with expectations. The company repurchased $205MM of shares in 3Q26 at an average of $135.74 per share and another $44.3MM quarter-to-date in 4Q26 at an average of $142.32. It also announced the divestiture of non-operated Marcellus assets for total gross consideration of $550MM, including a $55MM deposit paid in 3Q26. As of 9/30/26, cash and equivalents were $804.7MM and total debt was $1,482.2MM; these figures are preliminary and unaudited.

    prnewswire.com·Chord Energyearningsoil and gas
  • Bo French, Jon Rosenthal clash over Railroad Commission

    Jon Rosenthal, a Democrat and former state lawmaker, is running for the Texas Railroad Commission, the three-member body that regulates the state's oil and gas industry, against Republican Bo French. The race drew national attention after French faced criticism for suggesting, without evidence, that South Asian students at the University of Texas-Austin had taken places from white students, along with other inflammatory remarks on immigration, LGBTQ+ issues and diversity. If Rosenthal wins the Nov. 3 election, he would be the first Democrat elected to the commission since the 1990s, but his campaign has struggled to raise money compared with previous Democratic candidates. French, who once led the Republican Party in Tarrant County, has continued to push for more oil production and deregulation despite criticism from party leaders, while Rosenthal has pledged to target chronic polluters.

    texastribune.org·regulationoil and gasTexas
  • Macklem in Bangkok : oil , tariffs and job losses test the Bank of Canada hike caseinvestinglive.com·▼ USD/CAD

Related markets

Currencies →Gold →

Latest news

  • Iran warns US and Israel

    Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.

    CafeF·▲ XAU/USD▲ PAXG/USDT▲ XAUT/USDTIrangeopoliticsIsrael
  • Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?

    TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.

    Yahoo Finance·TRPvaluationdividends
  • Should You Buy This Trump AI Stock Ahead of Earnings?

    Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.

    Yahoo Finance·MSFTDonald Trumpearnings
  • What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?

    Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.

    Yahoo Finance·WMBnatural gasvaluation
  • Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%

    Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.

    Yahoo Finance·▲ QQQsemiconductorsMarvellBroadcom
  • Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?

    ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.

    Yahoo Finance·OKEmergers and acquisitionsnatural gas

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.