The good news is that states like Texas will be able to collect some of the offshore oil revenue that has been going exclusively to the Federal government. This money can be used by the states to help fund education and for other improvements as the state sees fit.
The agreement is expected to increase domestic supplies of energy, strengthen national security, and help consumers with the price of oil and gas.
The agreement makes available more than 1.26 billion barrels of oil, an amount equivalent to 50% of current annual domestic production. The legislation will now be sent to President Bush to be signed into law.
I plan to visit the border again next year and hold the US government accountable for securing our nation and promoting homeland security.
New committees will be assigned in January and I will be sure to send out an email to let you know on which committees I will serve.
Thank you to everyone I have talked with out in the community the past few weeks. Dont forget to tune in every Tuesday morning at 7am to KFNC 97.5FM in Houston and Beaumont to catch the Ted Poet Society with Pruett and Shannon and every other Monday morning at 7am on KOLE 1380AM in Beaumont to hear me on the Morning Blend with Dominick Brascia.