Baker Hughes Inc. has reported a significant rise in U.S. oil and gas rig counts, the first to have occurred in nearly 30 weeks. Oil rig counts have been steadily falling for the past few years, and a resurgence in rig operations may indicate a shift within the market. Generally, the rig count is used to … Continued
Locked within the constant debate regarding whether oil extraction is ecologically safe (it is) is the question of whether or not our oil industry is sustainable. Many of the fears regarding the oil industry and oil supply come from an inherent misunderstanding of precisely how much oil exists and how much our technology can improve upon this … Continued
Are you thinking about purchasing a dump truck for your business? Dump trucks are a substantial investment for many businesses, both in terms of owning and operating cost. However, they can often save a company quite a bit of money, too. Whether or not a dump truck is best for your business depends on many … Continued
While the United States and OPEC have remained embroiled in a competition over control of the global oil industry, China has been making strategic moves to corner their own sector of the market. Early in the year, China became the world’s largest oil importer, surpassing the United States, which had improved its own domestic oil production. … Continued
Since as early as 1972, Texas has been seen as a leader within the natural gas industry — producing nearly 10 trillion cubic feet of gas a year, and being in possession of almost a full quarter of the country’s reserves of natural gas. As of 2015, Texas produces more natural gas than every other country … Continued
The United States recently approved drilling in the Arctic Sea, a move which could vastly improve oil supply and further strengthen the domestic oil and gas industry. Oil drilling in any capacity always provides an economic boost, but Arctic Sea drilling conveys certain unique and specific benefits. By developing offshore drilling in the Arctic Sea, oil … Continued
Hydraulic fracturing, also known as fracking, has tripled the production of crude oil in Texas in the past five years, contributing significantly to the growth of the natural gas industry in the United States. Presently, Texas is estimated to have 31% of the national crude oil reserves and 26% of the natural gas reserves in the … Continued
In yet another move that maintains the Obama administration’s inconsistent messages about their support or opposition to the petroleum industry, they have approved the rights for Shell Oil to drill in the Arctic. While he vetoed the Keystone pipeline legislation which would have provided a safe and efficient pipeline into the U.S., Obama at least … Continued
The energy boom is poised to save the U.S. economy. The only thing that dragged us kicking and screaming out of the 2008 recession has been the boom to the economy that fracking has provided. In spite of the benefits that hydraulic fracking has brought, the liberal environmental movement coupled with the media has been … Continued
News of layoffs and a slowdown in the oil industry are not new. Since the prices of crude oil have dropped, the reports of how it is going to affect the oil industry has been all over the news. The liberal media is having a field day with the downturn of the oil and gas … Continued