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Tag Archives: Oil Industry

Report: Oil, gas helps fund Texas schools

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A report by North Texans for Natural Gas explains how the oil and natural gas industry contributes more than $4 billion per year to the Texas education system. Texas schools benefit from oil and gas royalties that are paid into the state’s Permanent School Fund and the Permanent University Fund. Local independent school districts also benefit from property taxes paid ...

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Foes challenge proposed fracking in national forest in Ohio

NY village loses case over fracking water sales

ATHENS, Ohio — Opponents are pushing back as a federal agency again considers requests to open Wayne National Forest in southeastern Ohio to oil and gas drilling. The Buckeye Forest Council, Sierra Club, Athens County Fracking Action Networks and other advocacy groups have called for the U.S. Bureau of Land Management to conduct a “full-scale environmental report” before allowing drilling ...

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Without Keystone, industry must find new paths for oil

TORONTO — Following the Obama administration’s rejection of the Keystone XL pipeline, the oil industry faces the tricky task of making sure the crude oil targeted for the pipeline still gets where it needs to go. The pipeline, first proposed by TransCanada Corp. in 2008, was projected to carry 800,000 barrels a day of crude from Canada and North Dakota down ...

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Oil industry slipping into the red as outlook dims

LONDON, Oct 29  – The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil companies have struggled in recent months to cope with the halving of oil prices since June 2014, cutting spending repeatedly, making thousands of job cuts and ...

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Editorial: Don’t cry for them (oil refineries)

Oil refiners have their britches in a twist over new regulations designed to curb their toxic air emissions. Crocodile tears. The oil industry has reaped record profits in recent years, while for decades refineries have foisted polluting toxic substances on the neighborhoods where some of America’s poorest citizens live. The U.S. Environmental Protection Agency is calling for refiners to install ...

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Oil industry frets about another lost decade: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil is an inherently cyclical business. The point is remarkably simple but it is amazing how often it gets forgotten by forecasters and investors. In the century and a half since the modern oil industry was founded with the drilling of Edwin Drake’s well in ...

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