You've noticed gas prices going up in the last year. Most people (except oil stock holders) don't like rising gas prices or the rising prices of other things that will result from it, and it's not good for politicians currently in office either.
OPEC (the Organization of Petroleum Exporting Countries) has great influence on gas prices. They often increase oil production to decrease prices, or decrease oil production to increase prices.
Last week the White House asked OPEC to raise production levels so global economic recovery from the pandemic could grow better--and prices would go down. OPEC's answer: they don't think it's necessary.
Then the Texas governor offered a solution to the White House. As the producer of 20% of the world's total oil production, Texas can do it.
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