Answered

Why did Texas oil producers ramp up production in 2022?
A to comply with Gov. Greg Abbott's mandate
B to respond to Russia's invasion of Ukraine
D
to increase profits per barrel of oil
to lower the price of gas on the retail market



Answer :

GinnyAnswer

Final answer:

Texas oil producers increased production in 2022 to boost profits.


Explanation:

Texas oil producers ramped up production in 2022 primarily to increase profits per barrel of oil. This decision was influenced by factors such as foreign oil production, federal regulations, and past industry trends. Additionally, market conditions and the cost of production played a role in this strategic move.


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