The Texas Railroad Commission, for reasons that I assume have to do with keeping an antiquated state agency relevant, regulates energy policy for the Lone Star State. The TRC met with President Obama recently.*
Take John Tintera, executive director of the energy regulating Texas Railroad Commission, who said, “Frankly, we ought to franchise the Texas Railroad Commission like Kentucky Fried Chicken and make a little money off of it. This is the last state that needs additional federal oversight.”
Yes, it’s hard to see why Texas would need more federal oversight, given its notoriously high rankings in every social index. Moreover, what possible problems could result from franchising energy policy to anyone who wants to make a buck? It’s hard to think of any problems at all!
* How annoying must it be for a man like President Obama to have to meet with a bunch of morons like the Texas Railroad Commission.