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Tag Archives: Oil Industry

United Way campaign closing soon

Donated funds turn into real services that meet critical needs of many in Odessa. The United Way hosts a campaign annually to help support local non-profit organizations meet the growing needs Odessa. Last year the United Way met their monetary goal of $2.25 million and with only a few weeks remaining, the organization is slightly behind their total numbers from ...

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Energy Quote of the Day: ‘Prices Aren’t Low Enough to Put these Projects at Risk’

Alarmist media reports regarding oil’s foray into bear market territory could easily leave you thinking the oil industry is gasping its last breath. It certainly is not, as companies involved in the global oil complex are accustomed to commodity price volatility and most have experienced similar, if not worse, market corrections. In fact, the over the past few years the ...

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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


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


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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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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Poll: Californians support global warming rules – unless gas prices rise

Dan Smith | Sacramento Bee (Sacramento, Calif.) Californians continue to strongly support their state’s efforts to reduce greenhouse gases — until they find out it involves higher gasoline prices, according to a new poll released Wednesday. The Public Policy Institute of California’s annual environmental survey also found majorities oppose the greater use of fracking for oil exploration (54 percent), increased offshore ...

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