oil industry

From Texas Standard

As we look back on the last five years since the Deepwater Horizon disaster, some big questions linger: What will the next disaster be, and can we prepare for it?

What's Caused the Mysterious Deaths of Oil Workers?

Apr 24, 2015

From Texas Standard

Across the country, ten oil workers have died over the past decade under mysterious circumstances. Each one was doing a job that involved climbing on top of a catwalk strung between rows of storage tanks. Later, their bodies were found lying on top of or near the tanks.

Oil, Gas, Power, Prices: Big Themes From Big Meet

Apr 24, 2015
C.M. Keiner http://bit.ly/1JD6Gxb / CC

HOUSTON — In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming.

A chastened parade of energy executives, analysts, academics and government officials from several countries delivered speeches and participated in panels as part of HIS’s CERAWeek energy conference, worrying over prices and making a profit, and speculating on what it could all mean for economies and consumers around the world.

Texas Hit Hardest In March Unemployment Data

Apr 21, 2015
Flcelloguy / Wikimedia Commons

WASHINGTON — Unemployment rates fell in 23 U.S. states last month and rose in 12 as employers pulled back on hiring and a slowdown in oil and gas drilling caused big job losses in some states. The Labor Department said Tuesday that unemployment rates were unchanged in 15 states. Thirty-one state lost jobs while hiring picked up in just 18 states.

The biggest job cuts occurred in states with large oil and gas drilling, led by Texas, which lost 25,400 jobs, and followed by Oklahoma, which cut 12,900. Pennsylvania lost 12,700, the third largest loss. A sharp fall in oil prices since last June has caused oil and gas companies to cut back on drilling.

Credit: Wikicommons http://bit.ly/1yz1BBy

  

Oil prices are always watched carefully—especially in Texas. Today’s oil price is at $56.58, a high for 2015. 

The number of oil rigs operating in Texas has been cut by more than half since a year ago, according to Baker Hughes latest count.

Today’s spike is promising, but the increase in barrel price is unlikely to halt companies’ efforts to scale back. In the words of Karr Ingham, Amarillo-based petroleum economist, “the die has already been cast.”

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