So, if they do this, who would have guessed that it would be Texas to be the first openly communist State and adopt & implement standard Soviet and chicom dogma...
Actually, Texas pioneered the concept back in the 30s.
https://en.wikipedia.org/wiki/Railroad_Commission_of_Texas
A crisis for the petroleum industry was created by the East Texas oil boom of the 1930s, as prices plunged to 25 cents a barrel. The traditional TRC policy of negotiating compromises failed; the governor was forced to call in the state militia to enforce order. Texas oilmen decided they preferred state to federal regulation, and wanted the TRC to give out quotas so that every producer would get higher prices and profits. Pure Oil Company opposed the first statewide oil prorationing order, which was issued by the TRC in August 1930. The order, which was intended to conserve oil resources by limiting the number of barrels drilled per day, was seen by small producers like Pure as a conspiracy between government and major companies to drive them out of business and foster monopoly in the oil industry.[9]
We’re already cutting back and long before anybody was talking about it. If I can’t make any money off of oil I’m shutting the well down. Which is exactly what many of us have been doing.