Ukraine conflict could boost Texas energy producers
SHERMAN, Texas (KTEN) — Right now, Americans are primarily feeling the weight of the Russia-Ukraine conflict in their wallets when they fill up their gas tank.
But the fighting is beginning to have an impact in other ways.
While geographically Russia is a distant land, economically this invasion is very much hitting close to home.
"Russia is like the gas station of the world," said Austin College faculty member Dr. Ruchan Kaya. "Europeans have been relying on Russian gas and oil for decades now, and this will probably change."
While the current situation has put a premium price tag on regular gas, the Lone Star State could help relieve this issue in time.
"Overall, this is probably very good news for Texas, because Texas is also the gas station of the United States," Kaya said.
Austin College students — like people all over the world — are doing their best to stay informed about developments half a world away.
"Watching war unfold in real time... it's something that's new to me; it's something that's new to all of my friends," said junior student Andrew Fugitt.
Texomans young and old are not buying Russia's motives for invading Ukraine.
"If you're the one attacking the military alliance, you can't blame them for making it, because that's what it's there for," Fugitt said.
As the world already keeps a close eye on this conflict, Dr. Kaya urges Texomans to keep paying attention to the crisis.