Tag: economy

Study: Houston economy can withstand low oil prices

The Texas and Houston economies can both handle significant declines in crude oil prices, according to a new report from financial services firm BBVA Compass.  More »

Gasoline prices fall ahead of Thanksgiving travel weekend

Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.  More »

Gov’t tells US drivers to get used to cheap gas

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.  More »

Cheaper gasoline may translate to a boost in holiday spending

For every 1 cent drop in gas prices, Americans save about $3.7 million.  More »

Gasoline at $3, consumers saving hundreds before holidays

The bonus at the pumps represents the biggest benefit to consumers to date from a record boom in domestic oil production that has contributed to a global crude glut and helped bring down international prices.  More »

Oil and mining claim larger share of some states’ total economies

Of the six states where the mining sector – including businesses that extract oil and natural gas – comprised more than 10 percent of the state’s economy in 2013, five saw both better than average overall economic growth as well as growth within the mining sector, according to a report by the U.S. Energy Information Administration.  More »

Diesel demand projected to soar on economic growth

Economic growth in the United States will cause demand for diesel to rise over coming decades, even as gasoline use continues a steady decline, according to a federal analysis released this week.  More »

Study: Cline Shale could have $20 billion impact

An updated study estimates that the oil and gas industry in a slice of West Texas could have a $20 billion economic impact and support more than 30,000 jobs by 2022.  More »

Oil price creeps toward danger point for global economy

A spike in the price of crude historically has foreshadowed economic slumps and economists are worrying anew after the price touched its highest in nine months, above $113 a barrel, amid fresh violence in Iraq,  More »

Perry: California should learn something from Texas

During the bulk of his controversial talk to the Commonwealth Club of California , Perry held up his own state as a model for responsible energy production and economic growth.  More »

Oil futures little changed after U.S. jobs report

A strengthening job market would be in important sign of recovery in the world’s biggest economy, which also translates into higher demand for energy.  More »

Chamber study predicts Obama climate rule will kill jobs

The nation’s biggest business lobby says President Barack Obama’s plan to tackle climate change could cost the U.S. economy $50 billion a year. Supporters predict it will create jobs and lower power bills.  More »

Chairman touts bank’s role in Houston energy

Lawmakers should reauthorize the Export-Import Bank of the United States because it supports billions of dollars in projects in energy and other industries, Bank Chairman Fred Hochberg said in a visit to the Houston area Thursday.  More »

Economists: Energy industry growth slowing, could hit Houston economy

Experts on Houston’s energy economy say the oil and gas industry is facing a slowdown that will affect job growth, mirroring the tempered outlook energy executives showed in a recent survey.  More »

Sanctions likely to sting big Russian oil projects

International sanctions against Russian officials could endanger the country’s multibillion-dollar pipeline, liquefied natural gas and offshore projects as the cost of borrowing money surges, according to a report released this week.  More »
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