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Tom Craddick has served in the Texas House of Representatives since before the first man walked on the moon. At 54 years in office and counting, he is the longest-serving state lawmaker in the United States. For one of every three days the House has been in session since statehood, Craddick has been a member. He represents Midland, the pumping heart of the Permian Basin—the largest oil basin in the country and one of the largest in the world. So it should come as no surprise that for most of the past half century, Craddick has sat on the Energy Resources Committee, which oversees the misleadingly named Railroad Commission of Texas, the powerful body that has nothing to do with railroads but instead regulates the state’s oil…

The post The Craddicks’ Gushers of Cash: How a Powerful Texas Lawmaker and a Key Regulator Profit From the Industry They Oversee appeared first on Texas Monthly.

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