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The Texas Railroad Commission is looking at how to help the price of oil rebound and save jobs in the industry. Tuesday, the commission considered ordering a 20 percent cut in production. Texas railroad commission chairman Wayne Christian says he expects the price of oil to recover quickly.
The Commission decided to delay the vote. Christian said that would let Texas coordinate any production cut with Oklahoma, North Dakota, and Canada. He says they can still vote next month for production cuts to start June 1.