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Breaking: No Action Taken on a Proposal to Repeal Denton, Texas Fracking Ban
Breaking: No Action Taken on a Proposal to Repeal Denton, Texas Fracking Ban Denton’s city council decided not to vote on a repeal of the city’s fracking ban, after almost six hours of discussion on the topic at a public meeting last night. The vote to repeal the ban was called for shortly after Texas Governor Greg […]
Breaking: Citizens Arrested While Defending Denton, Texas Fracking Ban
Breaking: Citizens Arrested While Defending Denton, Texas Fracking Ban Three members of the Denton Drilling Awareness Group were arrested when they refused to move away from the entrance to a fracking site where work began today. Before arresting them, however, Sergeant Jenkins, a 30-year veteran of the Denton police department, thanked Adam Briggle, a professor at the University […]
A Potentially Massive Win For Fracking In Texas
A Potentially Massive Win For Fracking In Texas Gov. Greg Abbot’s signature is all that’s needed to impose a ban on the ability of Texas’ cities to limit potentially harmful oil drilling practices, including hydraulic fracturing, in their jurisdictions. The measure, which easily passed both houses of the Republican-led Legislature, was welcomed by industry groups […]
Texas Town First Of Many To Switch To 100% Renewable Power
Texas Town First Of Many To Switch To 100% Renewable Power On March 18 the city of Georgetown, Texas announced that it would soon be generating 100 percent of its electricity from renewable sources. Georgetown agreed to purchase the power from a 150-megawatt solar farm that is to be constructed by SunEdison and online in 2016. Coupled […]
Lipstick on a pig: America as the world’s swing producer of oil
Lipstick on a pig: America as the world’s swing producer of oil Most people have heard the old saying: “You can put lipstick on a pig. But it’s still a pig.” That’s sort of what is happening in the American oil patch as producers try to put a positive gloss on the devastation that low […]
Obama’s Veto of Keystone XL Bittersweet for Texans Forced to Allow the Pipeline on Their Land
Obama’s Veto of Keystone XL Bittersweet for Texans Forced to Allow the Pipeline on Their Land As expected, President Obama today vetoed the Republican bill attempting to allow TransCanada to finish constructing the Keystone XL tar sands export pipeline. While the veto received praise from environmentalists, along with encouragement to reject the pipeline entirely, the veto provides little consolation […]
Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to Broader US Economy
Oil Bust Mauls Texas Manufacturers, Atlanta Fed Sees Hit to Broader US Economy By now, every executive in the American oil patch goes through the day with one eye riveted on the price of oil. And on Monday, West Texas Intermediate plunged once again below $50 a barrel. It has become the nightmare price for […]
Oil Plunge Hits Office Market, But “So Far” No Apocalypse
Oil Plunge Hits Office Market, But “So Far” No Apocalypse “Here in Houston a number of projects have been canceled. Engineers are put on ‘hold.’ There have been some contract engineers laid off, and hiring has been suspended. Everyone is waiting for the other shoe to drop.” That’s how an engineer in the energy sector […]
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs
12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs The gravy train is over for oil workers. All over North America, people that felt very secure about their jobs just a few weeks ago are now getting pink slips. There are even some people that I know personally that this has […]
On to Plan B as Oil Work Stalls in Texas
On to Plan B as Oil Work Stalls in Texas MIDLAND, Tex. — With oil prices plummeting by more than 50 percent since June, the gleeful mood of recent years has turned glum here in West Texas as the frenzy of shale oil drilling has come to a screeching halt. Every day, oil companies are decommissioning rigs and announcing layoffs. Small […]
Oil Prices, Rig Count And The Economic Impact
Oil Prices, Rig Count And The Economic Impact A few years ago I spent a good deal of time overseas. When you travel for an extended period, it is always interesting to begin to understand the perception that people in other parts of the world have about where you come from. When I was living […]
“Houston, You Have A Problem” – Texas Is Headed For A Recession Due To Oil Crash, JPM Warns | Zero Hedge
“Houston, You Have A Problem” – Texas Is Headed For A Recession Due To Oil Crash, JPM Warns | Zero Hedge. It was back in August 2013, when there was nothing but clear skies ahead of the US shale industry that we asked “How Much Is Oil Supporting U.S. Employment Gains?” The answer we gave: […]
