oil industry

Saudi Arabia is such an influential player in the oil industry that any action it takes — or is rumored to take — can sway global markets. So it's not surprising there's a lot of speculation about whether its massive state oil company, Saudi Aramco, is trying to buy a refinery in Texas.

Construction on the controversial Dakota Access Pipeline is allowed to proceed, except in one area in North Dakota of particular sensitivity to a Native American tribe.

That's the result of two separate developments Friday — a federal court decision, and a statement by three federal agencies.

Texas Drilling Will Cause More Health Problems, Study Predicts

Aug 31, 2016
Spencer Selvidge

Within a decade, Texas will lead the nation in sicknesses linked to ozone-forming pollutants from oil and gas activity, according to a new analysis from a pair of environmental groups released Wednesday.

In the 2025 “ozone season,” those pollutants will trigger more than 144,000 childhood asthma attacks, nearly 106,000 lost school days and 313 total asthma-related emergency room visits in Texas, the research said. (The study defined ozone season as May 1 through September 30.)

Out on the wide open plains of West Texas, you can see the horizon for 360 degrees, interrupted only by the nodding up and down of pump jacks pulling oil up out of the earth.

There lies the aptly named town of Midland.

To get the hang of the place, you need to start downtown, on a corner near the Chase Bank, where an electric billboard displays the essentials: the temperature, a message — "God Bless Midland" — and a number. On this day, it's 45.94.

Why Are Oil Prices Going Up?

May 17, 2016

Oil prices hit a six-month high yesterday and could reach $50 a barrel for the first time since November. For the past two years, the global demand for oil has been less than supply, but that may be changing. Here & Now’s Robin Young speaks with Jason Bellini of The Wall Street Journal.

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