Tag: economy

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 »

Oil prices gain on US economic outlook

The price of oil edged up Tuesday as strong U.S. factory output boosted the outlook for the world’s biggest economy.  More »

Bernanke: Energy ‘a bright spot’ in recovering economy

The national oil and gas boom may have created a quarter of the jobs U.S. employers have added to payrolls since the economic downturn began six years ago, former Federal Reserve Chairman Ben Bernanke said Friday.  More »
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