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Tag Archives: Oil Industry

Colorado oil industry employment up despite economic hardship

Despite a decreasing economic output, employment within the oil industry in Colorado is going up, according to University of Colorado analysis in an article by the Denver Post. According to the study, the sector as a whole employed a total of 51,000 people. That number includes those working at gas stations and convenience stores with gas pumps. Nearly 30,000 people ...

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Midland median income grows by almost 15 percent

Income

Midland’s median household income rose to more than $71,000 in 2013, according to the latest figures provided by the U.S. Census Bureau. The jump marks a 14.8 percent increase year-over-year from 2012. Midland now ranks ninth in the nation for metropolitan areas for median home income, behind high-profile regions such as Washington, D.C., San Francisco and Boston. Median income in ...

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Study: Oil keeps fueling Odessa economic growth. But could that slow in coming months?

Corey Paul | The Odessa American Higher-than expected oil prices buoyed Odessa’s economy this year despite forecasts of flattening growth, according to the latest Odessa Economic Index by the Amarillo Economist Karr Ingham, released Friday. Ingham was one of those who had anticipated that job growth, building and other signs of the booming economy would slow down after years of ...

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Changes to Idaho’s Oil and Gas Industry Proposed

idaho

Brian Smith | The Times-News BOISE — After months of negotiations, industry representatives, environmentalists and regulators will soon present a set of changes to the rules governing Idaho’s budding oil and gas industry. On Tuesday, the Idaho Oil and Gas Commission will mull the proposed rules before they go out for a 21-day public comment period in early September and ...

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Energy News Roundup: Biofuels backers push RFS targets & more, making sense of Russian sanctions and WTI below $100

Jared Anderson | Breaking Energy Biofuels proponents have been meeting with White House officials this week in attempts to ensure Renewable Fuel Standard blending requirements will not be reduced this year, as first indicated by EPA. The various groups also want new classifications of biofuels to be included as accepted fuels under the legislation. “More than 35 applications for new ...

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West seeks to inflict more economic pain on Russia

Julie Pace | The Associated Press WASHINGTON — Citing Russia’s stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia’s economic pain even further and force President Vladimir Putin to end provocations in Ukraine. Roughly ...

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Q&A: Oil and gas’ impact on Weld County challenging, but not crippling

Sharon Dunn | the Greeley Tribune (Greeley, Colo.) It’s always a good thing when properties sell. A vacant building gets a new use, and it spurs further development. But when a building recently sold that was one of three remaining in Weld County with more than 100,000 square feet, development officials were left wringing their hands. It was an especially difficult ...

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