Economy

Texas Oil, Natural Gas Pipelines Said Major Contributor to State Economy

Texas Oil, Natural Gas Pipelines Said Major Contributor to State Economy

The Texas oil and gas pipeline sector supported more than 238,000 high paying jobs and contributed more than $48.6 billion to the state in 2019, according to a Texas Tech University study. The report, by Tech’s Center for Energy Commerce at the Rawls College of Business, was commissioned by the Austin, TX-based Texas Pipeline Association…

October 21, 2020
Mexico Said to be Facing ‘Triple Crisis’ Amid Pandemic Response

Mexico Said to be Facing ‘Triple Crisis’ Amid Pandemic Response

Mexico is facing a “triple crisis” on the public health, economic and governance fronts, with worrying implications for the energy sector and few encouraging signs for the near future, according to Tony Payan of Houston’s Rice University. After posting flat growth in 2019, the world’s 14th-largest economy is projected to shrink by at least 10.5%…

July 7, 2020

In Nod to Fracking, Obama Says Clean Energy Economy ‘Irreversible’

President Obama said he believes the clean energy economy that developed during his eight years in the White House will be “irreversible,” due in large part to hydraulic fracturing (fracking) driving down the cost and pollution associated with power generation.

January 9, 2017

Pennsylvania Focused on Attracting More NatGas End-Users

Some of Pennsylvania’s leading private and public sector economic development organizations are stepping-up their efforts to expand markets for natural gas in the state as the upstream and midstream booms of years past are increasingly giving way to more downstream opportunities.

September 28, 2016
Tougher Fuel Rules to Hurt NatGas Vehicle Use, EIA Report Says

Tougher Fuel Rules to Hurt NatGas Vehicle Use, EIA Report Says

A second phase of fuel-saving requirements for medium- and heavy-duty vehicles (MHDV) will reduce diesel fuel use and will also discourage switching to natural gas and other alternative transportation fuels, according to a report released by the Energy Information Agency (EIA).

June 28, 2016

Oil/Gas Rout Makes Its Mark on Texas Economy

Texas oil and natural gas industry employment fell 19.4% last year amid a nearly 66% decline in the price of oil and a 75% reduction in the number of active drilling rigs, according to economists at the Federal Reserve Bank of Dallas. Within the state, though, regions vary in their economic performance.

April 4, 2016

Can’t Pay For ‘Texas Miracle’ With Cheap Oil, Gas

Summer’s sweltering temperatures are on their way to the Lone Star State, but the “Texas Miracle” — until recently driven mainly by the state’s oil/natural gas industry — is on ice, the Austin-based Texas Taxpayers and Research Association (TTARA) said in a new report.

March 30, 2016

Economic Largess From Atlantic Offshore Drilling Disputed in Enviro-Backed Report

The Obama administration’s proposal to allow limited offshore natural gas and oil drilling in the Mid- and South Atlantic area, now under fire by some coastal communities and legislators, is facing more scrutiny after a study challenged industry claims that drilling would be a boon to the region.

December 18, 2015

Cheap NatGas Keeps LDC Customers Online, AGA Says

Low natural gas prices have kept more of the nation’s gas utility customers connected this year, according to a report Friday from the American Gas Association (AGA), the trade association of gas distribution companies.

September 30, 2013

Oil/Gas Driving Colorado Economy, Researchers Find

Last year, Colorado’s oil and natural gas industry injected $29.6 billion into the state’s economy, supporting 110,000 mostly high-paying jobs, according to a study released Monday by a research unit at the Leeds Business School, University of Colorado (UC), Boulder.

August 21, 2013
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