Sentences with phrase «of oil boom»

It was made at the height of the oil boom with prices well over $ 100 / barrel.

I also make some admittedly vague proposals for using the proceeds of the oil boom in Keynesian fashion to buy useful renewable energy and energy efficiency capital, to help maintain that geopolitical strength in the long term.

The country is an absolute mess when it comes to the impacts of the oil boom on both nature and people.

Start your weekend with a trip to Wichita Falls tourism bureau where you can pick up history brochures that will lead you on self - guided tours of Wichita's neighborhoods, including the downtown — where buildings like the Keller and LaSalle Crossing were evidence of the oil boom — Southland (full of bungalows built in the first half of the 20th century), and the Eastside, historically an African American neighborhood.

Banks were lending, and the financial aspect of the oil boom grew.

Texas in the early 1900s, its inhabitants still traveling by horseback and barely familiar with the telephone, was on the cusp of an oil boom that, unbeknownst to its residents, would spark a period of dramatic changes and economic growth.

When a small town in North Dakota suddenly becomes the center of an oil boom, it turns into a modern Deadwood.

Reaching «the Crazy Point» Keller's office in Williston is as good a spot as any to see the impacts of the oil boom.

It was there as we trapped ourselves in the revolving door of oil boom and oil bust.

Not exact matches

The Permian continues to boom, and even in case of takeaway capacity constraints — which have led to around $ 11 a barrel discount of Midland, Texas, oil to Brent — Permian producers would pump at profit if Brent were to rise (and stay) at $ 80, Bloomberg's Denning argues.

The fracking - enabled boom in production of shale oil has filled the gap from coal since 2010.

Fuelled by a low peso and cheap labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms of the dollar value of exports to the U.S. Indeed, Canada is contending with more than just low oil prices.

The shift, an EIA report released on Friday noted, reflects both a steadily growing Chinese demand and flat - lining U.S. oil imports as a result of America's shale oil boom.

«Just knowing that oil and gas is a boom - and - bust industry, we are trying to not get used to it as a source of revenue because we know it won't last.»

SAN FRANCISCO — The latest domestic energy boom is sweeping through some of the nation's driest pockets, drawing millions of gallons of water to unlock oil and gas reserves from beneath the Earth's surface.

Dina Cover of TD Bank was sure we would see an economic boom from new oilsands investment given «the notion that oilsands are a safer method of oil production (than Gulf Coast offshore).»

There was a 25 - year boom that ended with the quadrupling of oil prices in the autumn of 1973 during the Arab - Israeli war.

Since 2011, the rail industry has voluntarily adopted tougher safety standards for all new cars, but with literally only a handful of tank car - makers in North America and a huge boom in oil - by - rail shipments, demand far outstrips supply.

Williams rode an oil boom and a pugnacious attitude to the highest approval ratings of any leader in the country, and now exits stage left with barely a dent in them.

The area underlying Pennsylvania, Ohio and West Virginia is the epicenter of a boom in American natural gas produced through hydraulic fracturing, the process of injecting water, minerals and chemicals underground to free oil and gas from rock formations.

During the oilsands boom, Canada's biggest energy company spent money as if oil prices would always be north of $ 100.

Economist Paul Frankels Essentials of Petroleum, published in 1946, remains the best explanation of the oil industrys boom - bust cycle.

Canada ships nearly all of its crude oil exports to the United States, and Mexico's appetite for natural gas has driven a boom in U.S. pipeline shipments in recent years.

Working in oil can be dirty, but it pays The oilpatch is booming, and several of our Top 50 jobs are related to the energy sector, including two in the Top 10.

As detailed in the first three installments of Power Shift, an NBC News / CNBC special report, the United States is experiencing an energy boom created by new drilling technologies that have unlocked vast domestic oil and natural gas reserves.

She agrees that this jar, by itself, proves nothing about the environmental impact of «fracking,» the drilling technology largely responsible for America's boom in oil and gas production.

The world is well into a prolonged period of boom - bust oil prices, the third in its history.

He is a Fellow at Columbia University's Center on Global Energy Policy and the author of the forthcoming book «Missing OPEC: The History and Future of Boom - Bust Oil Prices,» from Columbia University Press, 2016.

The price of oil collapsed from near $ 120 a barrel in June 2014 due to weak demand, a strong dollar and booming U.S. shale production.

With a booming oil and gas industry, Houston avoided much of the suffering wrought by the financial crisis.

That is despite the fact that North Dakota's oil boom — now in its ninth year — shows no signs of letting up.

The push by the U.S. energy industry into hydraulic fracking and horizontal drilling unleashed an energy boom, making the United States the world's biggest producer of natural gas and just recently the second - largest producer of oil, surpassing Saudi Arabia.

Low oil prices, a retreat of the coal industry, solar and battery booms, and the return of nuclear are all trends you should watch next year.

Anyone who was in the Texas oil business in the 1970s knows how easy it is to mistake a temporary boom for a permanent state of expansion.

The cash - and - stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the U.S. light crude produced by a booming shale oil sector.

In Canada, we tend to think of economic booms as resource driven (oil, wheat, etc...)

But oil is still far cheaper than at the peak of the previous eight - year boom that began in 2006 North Dakota's Bakken oil patch and supercharged the city of Williston.

You may disagree with Krugman's analysis, but it's a little disingenuous to try to denigrate and dismiss Thomas Mulcair's economic ideas when they're based on Nobel prize winning work in economics (the intellectual case, that is; the factual case that this phenomenon is occurring today, in Canada, is purely a question of whether the appreciation of our currency is based on the oil and gas boom and whether a high dollar results in lower exports in other sectors, both of which you seem to have admitted are accurate.)

Conventional clean - up equipment such as skimmers and oil booms proved useless in recovering the large amounts of submerged oil that now covers an area of river bottom estimated to be approximately 200 acres.

You make the classic argument that the benefits of a booming tradable sector such as oil and gas must, ipso facto, outweigh the decline in other sectors — otherwise they wouldn't be generating enough demand to result in an increase in the country's currency.

I find it interesting that Alberta under Klein did not share the prosperity bonus with the rest of Canada when they had a surplus from the oil boom.

And for the third time, real wages are going nowhere fast (2/3 of 1.5 % is due to oil prices) while an extra million people exited the job market the last four years unrelated to demographics (aging boomers).

When the history books are written, the shale oil «boom» will be looked back upon as one of the bigger scams executed beautifully by Wall Street.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

Russia reaped the benefits of the oil price boom starting in the early 2000s, averaging 7.1 percent GDP for the six years ending in 2008.

Yesterday, the Pembina Institute and Equiterre released a report entitled Booms, busts, and bitumen: The economic implications of Canadian oil sands development.

Mitchell, who died two years ago at age 94, was reportedly among those urging for tighter regulation of the practice, fearing that small, independent drillers might take dangerous shortcuts as they rushed to participate in a historic oil boom.

Today, Russia is similarly hemorrhaging capital as a result of international sanctions and crashing oil prices, prompted by both the American shale oil boom and OPEC's inaction in stabilizing the commodity at last month's meeting.

We explore the root causes of the oil collapse, including booming U.S. shale production and Saudi Arabia's decision to sell cheap oil rather than slash its output.

Between 1971 and 1981, the time of the last great oil boom, Alberta's population grew by nearly 40 per cent, too.