Economists and state officials are reaching for their calculators as to predict how the Texas economy will respond to lower oil prices. We’re already seeing falling oil and natural gas revenues pinch incomes and constrain spending, including layoffs at some energy companies. But is there also a silver lining? Could the downturn in the energy […]
Texas is getting more oil out of the ground than it has since the great boom of the 1970s. And it’s not alone: the oil fields of North Dakota are, for the first time ever, producing over one million barrels a day. Across the country, the boom has lead to predictions that the U.S. will […]
Despite a drilling bonanza in Texas and other parts of the country leading to high levels of domestic oil and gas production, gasoline prices have been on the rise lately. Since mid-January, average prices at the pump went up from $3.37 to $3.81. It’s a bit of a head-scratcher: if we’re producing more and more […]
Texas oil producers opened up the throttle on oil production in 2012. The state hasn’t seen such a banner year in oil output for nearly two decades, according to new numbers reported in Fuel Fix. November 2012 production of crude oil was up about 73 percent compared to the same time in 2011, according to […]
Cushing, Oklahoma is in an unlikely economic predicament: It has too much oil.
[<a href=”http://storify.com/TheClimateDesk/the-gas-prices-are-too-damn-high” target=”_blank”>View the story “The Gas Prices Are High. Here’s Why.” on Storify</a>]The folks at Climate Desk, a collaborative project from several major media groups on the climate, has put together a new multimedia story on why gas prices have been going up lately. You can view the presentation above.
With oil surpassing $100 a barrel, drivers are feeling the pain at the pump and some wonder if it’s simply a case of supply and demand. Or maybe something else.
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