Which of the following statements is FALSE? a. The Permanent University Fund was used by the Texas legislature to put a halt to the expansion of oil production in Northern Texas. b. In the 1900s Texas oil production expanded to the Permian Basin and East Texas. c. Many people were wary of airplane travel when it was first introduced. d. Refineries established along the coast made it convenient for tankers to ship oil outside of Texas.
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Answer:
a. The Permanent University Fund was used by the Texas legislature to put a halt to the expansion of oil production in Northern Texas.
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a) The Permanent University Fund was used by the Texas legislature to put a halt to the expansion of oil production in Northern Texas
Explanation:
- In the year 1876, the Texas Constitution reserved land in West Texas so as to support Te Texas University and Texas A&M University systems of higher education.
- Currently, the land – covering 2.1 million acres – is leased to oil and gas corporations whose wells generate revenues which flows into the Texas PUF. Land is leased for other purposes as well such as for wind farms, grazing, and other revenue-generating activities.
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