Texas regulators are relaxing rules about where companies can store oil underground, raising concern among environmentalists about potential groundwater contamination and other dangers. The members of the Railroad Commission of Texas voted Tuesday to allow companies to store oil underground in places other than salt caverns, which are considered better at preventing leaks than other geological formations. “This order does not suspend any rule that protects public safety, health or the prevention of pollution,” said Wayne Christian, chairman of the Railroad Commission of Texas, in the live-streamed meeting. “All it does is allow operators to begin storing crude oil in all formations where it may make sense to do so.” The shift aimed to help oil producers whose wells are spewing far more crude than the world can use after the coronavirus pandemic gutted global demand for jet fuel and gasoline. Producers are running out […]