Now that oil and gas production has grown leaps and bounds in the Western Hemisphere, the issue that needs to be addressed is how to bring the oil to the Eastern Hemisphere where there is a growing demand for it.
This is according to the recent discussions at the Woodrow Wilson International Center for Scholars. There are many … Read More...
There have been reports that the oil price slump would have a negative impact to the US shale gas industry. While we largely share that view, McAllister offered a different perspective through his article, “U.S. fracking firms stay in top gear despite oil price slump”.
According to the report, firms that supply sand and guar gum to the … Read More...
Consumers are rejoicing that gas is now selling at a three-year low of $3 a gallon.
The question this situation raises is should people really be happy? There is no simple answer. It depends who you ask. Individual consumers and industries that rely heavily on gas are happy that the price is now so low.
But this isn’t … Read More...
Oil and natural gas boom can lead to population growth and in the case of the Permian Basin, a greater demand for electricity. According to the town, it has created a new plan to double its electrical grid capacity.
In a press conference, the Executive Director of the Midland-Odessa Transportation Alliance James Beauchamp said that 75,000 people had … Read More...
According to the latest report from the US Energy Information Administration, Texas leads the nation in terms of jobs in the oil and natural gas industry.
In 2013, the state added 19,000 new jobs in the industry.
This figure is six times more than the registered number of jobs added in the industry in New Mexico last year. … Read More...
The booming oil and gas industry in Alberta, Canada is providing employment opportunities for so many young men. The field career pays wages high enough for families to live on and much more. But the careers in Alberta’s oil and gas sectors do not come without a price.
Many of the men who work in the oil fields … Read More...
It is important for the government to also take active participation in the remediation of land used in mining. For such projects, grants have such a big role in ensuring the success of remediation and conservation projects. In some states, fees are collected from new mining projects and then channeled to conservation projects. Fees charged for possible impacts … Read More...
The Keystone XL Pipeline will likely be approved in the coming year now that the bill proposing to approve the project is gaining support with State Republicans. According to a Bakken article published last week, an estimated 57 votes out of 100 are in favor of pushing for the construction of the pipeline that will deliver oil from … Read More...
On November 4, voters in Denton Texas approved the ban on hydraulic fracturing. This is clearly a blow to the oil and gas industry. Denton is atop the Barnett shale formation, the site where commercial fracking was first implemented.
Despite the contributions of the industry and to the state’s economy, it became clear that residents are more concerned … Read More...
Declining Brent crude prices is a concern for the oil and gas industry. With falling oil prices worldwide, the issue of capital investment in the industry becomes a major issue.
Oil and gas exploration is a very expensive endeavor and many investors are putting a freeze on its investments.
In the UK, looking to maximize its investments, oil … Read More...
