San Antonio-based Valero Energy is reporting a 28 percent increase in its fourth quarter earnings, and officials say the nation’s oil industry is healthier as a whole now that the recession is coming to an end.
Valero Wednesday reported an increase of $1.3 billion dollars over the fourth quarter earnings of 2012.
Vice-President of Media and Community Relations Bill Day said the company is starting to see steady increases now, in part due to the end of the recession.
As shipments of the popular spicy Asian condiment Sriracha remain on hold following a partial shutdown of its factory in California, a state representative from Texas is trying to lure the maker of the sauce away from the West Cost and into the Lone Star State.
When the North American Free Trade Agreement was being negotiated, supporters promised it would increase the income of Mexicans. And the middle class did grow in Mexico over the past two decades. But it's clear that Mexico's ultrarich are among its big winners.
Texas Matters: Residents in North Texas are dealing with the increased frequency of small earthquakes that some people are linking to oil and gas drilling in the area. State Rep. Mike Villarreal talks about the possible conflict of interest with William White, who as chair of the Texas Finance Commission is also vice president of a payday loan company. Also on this show: Population growth in Texas and the Kallison ranching family.
The South Texas oil and natural gas drilling boom in the Eagle Ford Shale will continue to impact Texas and its local communities in a big way in 2014, but the boom may have already seen its largest single-year growth.
Every year the University of Texas at San Antonio studies how the Eagle Ford Shale has affected the small Texas towns where production is happening. The report takes into account both the positives and negatives of the growth.
This week our reporter Eileen Pace has brought you several stories on the refugee community here in San Antonio. From their resettlement to building new lives, to their children going to school, she has mapped what the experience is for people who leave war-torn countries for the promise of something better. Pace joins us along with District 8 council member Ron Nirenberg and Northside Independent School District officials to talk about the institutions helping them.