Economy

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%…

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.

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.

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).

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.

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.

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.

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.

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.