Sentences with phrase «oil boom»

"Oil boom" refers to a period of rapid growth and prosperity in the oil industry, where there is a significant increase in oil production and economic activity. Full definition
Ironically, the palm oil boom that draws so much concern from biofuels critics is primarily driven by the demand for healthy food oils.
It is interested in Texas because of the strong economy and the demand for pickups because of the shale oil boom in South Texas, said Greenway operating partner Conrad Letson.
It was there as we trapped ourselves in the revolving door of oil boom and oil bust.
The study «Economic Impact of the Eagle Ford Shale, Business Opportunities and the New Normal», commissioned by the South Texas Energy and Economic Roundtable (STEER), shows just how much economic output the shale oil boom in the peak 2013 - 2014 years generated, and how much the subsequent oil price slump led to subdued drilling activity and lower economic impact.
This is especially significant because the U.S. oil boom of the last decade — and the resulting demand for skilled workers — caused salaries for entry - level petroleum engineers to double, making them the highest paid of all new college graduates.
They see no big oil boom on the horizon and there is no sense of an impending runaway market in Calgary, Pesta says.
A recent study revealed that a small, oil boom town in North Dakota fetches rents that are, on average, $ 2,400 for a one - bedroom apartment.
She tweeted, «If we saved during oil boom, we would not have gone borrowing.
Finally, the chart is not immune to temporary events like the Texas oil boom of the late 1970s and early «80s, which caused housing prices in Houston, Dallas and San Antonio to peak just after 1980.
The activity has reversed a population decline that began in the mid-1980s, when the last oil boom went bust.
He cites a recent (much talked about) report by the oil executive Leonardo Maugeri, published by Harvard University, as compelling evidence that a new oil boom has begun:
Nigeria has enjoyed a 50 - year oil boom but at the same time has lost $ 400billion in oil revenues, whilst 84 % of the population live on less than $ 2 a day.
Tanker trucks and construction traffic backing up in the tiny town of Ray, N.D., are another symptom of the Bakken oil boom.
18 BOOMTOWN by Matt King A slick corporate investigator with a closely guarded secret discovers a sinister criminal conspiracy in North Dakota oil boom country.
«Pioneer,» Dec. 5 Based on a true story, this indie film directed by Erik Skjoldbjærg and starring Wes Bentley («The Hunger Games»), Stephen Lang («Avatar»), Aksel Hennie («Headhunters»), and others, is set in the beginning of the Norwegian Oil Boom in the 1980s.
The question is whether shale oil and unconventional techniques like fracking can unleash a new California oil boom.
The ongoing shale oil boom makes GE's oil and gas business an attractive play.
Domestically, we are already witnessing the 21st century oil boom generate prosperity for states like Colorado, Oklahoma, North Dakota, Texas, West Virginia and Wyoming.
(See related: «Scraping Bottom: The Canadian Oil Boom.»)
The rising pressure for rail shipments was explored in depth earlier this year in «Busting Bottlenecks in the Bakken,» an article in Fed Gazette, a publication of the Minnesota Federal Reserve (yes, weird, but it's a thorough, interesting piece) and in this Christian Science Monitor story: «Pipelines can't keep up with North American oil boom
The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets.
Citizens concerned about these shipments have been assured that extensive preparations have been made to respond to an accident, and that an array of skimmers and floating oil booms are on - hand to contain any spilled oil.
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.
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.
Between 1971 and 1981, the time of the last great oil boom, Alberta's population grew by nearly 40 per cent, too.
The Alberta Liberal Opposition will promote these goals by championing fiscal responsibility and efficient, transparent government, thus bringing prosperity to Alberta that lasts well beyond the next oil boom.
When the Opposition leader noted in the House of Commons, in 2012, that a federal study had shown that Canada was falling prey to «Dutch disease» (named after the 1960s oil boom, which devastated other exports in the Netherlands), Conservative MP Kellie Leitch offered the government's response: «The leader of the Opposition wants to call Canadian employers a disease.»
I once saw this prayer crudely but effectively expressed in a bumper sticker on a beat - up car in Williston, North Dakota: «O Lord, Give Us Just One More Oil Boom.
Despite the international shale oil boom extracting natural gas with hydrofracking technologies, which most electric utilities, including the local ones, supply to customers as a major part of their power supply, the shift away from petroleum dependency has made remarkable progress in recent years through strategic incentives like the one which prompted this vote in Olive.
A domestic oil boom means the US was relying less on oil imports, and the administration says other pipeline projects will allow it to get its own oil down to the refineries on the Gulf of Mexico: it doesn't need Keystone.
The convoy will be skirted by 800 meters of offshore oil booms and 5,000 meters of absorbent booms.
Because of her father's job as an engineer, the family followed the north sea oil boom of the seventies around Europe, moving twenty one times in eighteen years from Paris to the Hague, London, Scotland and Bergen.
In towns where the fracking industry has exploded, some people are already bracing for a bust like the ones that have followed previous oil booms.
Workers and businessman who expected the commodities and crude oil boom to go on forever have seen their prospects diminish.
Ten years later when Rauschenberg was making Gluts, the assemblages composed of artifacts from the «80s - era oil boom in his home state of Texas, he described them as documentation of greed and excess, or «souvenirs without nostalgia.»
HERITAGE SOCIETY: Black Gold: The Spindletop Oil Boom, through May 6.
The IEA's annual World Energy Outlook is out today and judging by the media attention it's getting it might as well have been named, «U.S. Oil Boom Outlook».
[Translate] By Anna Simonton, Oil Change International News Analysis ALTERNET The detritus of a bygone oil boom litters the...
Well - managed, the oil wealth could help lift a generation out of poverty, but the risks to people and environment were also clear — governance and systems to manage the promised oil boom were urgently needed.
More on Peak Oil and Hubbert's Curve See Peak Oil for Yourself The Ultimate Race: Peak Oil vs. Global Warming Ascent of Peak Oil The Boom in Doom: Peak Oil in the New York Times
In partnership with Exxon, CAW installed oil boom housing and other emergency response equipment at the former North Shore Marina on the north shore of the Lake.
At its founding, Enid was a major rail hub located in the heart of wheat county, and its population continued to blossom well after the Oklahoma oil boom ended.
Midland - Odessa is currently experiencing a resurgent oil boom due to technological improvement in hydraulic fracturing of natural gas and oil deposits.
«The demand for housing in the Williston area has increased exponentially as the Bakken region of North Dakota experiences a major oil boom.
«The reason I expect my home value to increase is because of the ND oil boom.
During oil booms they kept the bars hopping and the hookers busy, dropping hundred dollar bills like candy... When the wells ran dry the young men disappeared,
In terms of a resource, this AI - food - rich data ocean makes the California gold rush, or the Texas oil boom, seem like tiny puddles.
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