Former Texas Regulator: It Could Take Years To Replace Russian Oil

The global oil market could take five to ten years to replace all the 10 million barrels per day of oil that Russia currently produces, Ryan Sitton, a former member of the Texas Railroad Commission, told Russian outlet Sputnik. "We're talking five, ten years away before that would even be possible to replace all ten million barrels," said Sitton, who was member of the Texas commission responsible for regulating the oil industry in the largest oil-producing U.

S. state. "How long before the rest of the world can make the ten million barrels of oil…