Oil
After OPEC Move, Oil Country Breathes A Sigh Of Relief
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The oil industry is emerging from a two-year slump in crude prices that led to layoffs and a drop in production. A recent move by OPEC helped ensure the recovery continues, albeit slowly.
Inside Energy (https://insideenergy.org/tag/boom/)
The oil industry is emerging from a two-year slump in crude prices that led to layoffs and a drop in production. A recent move by OPEC helped ensure the recovery continues, albeit slowly.
When it comes to energy, Donald Trump has left a lot to the imagination. But today he’s traveling to Bismarck, ND to address energy industry professionals from all across the country. Inside Energy’s Leigh Paterson reports.
How one boomtown in North Dakota’s Bakken oilfield is trying to avoid getting into financial trouble in the bust.
Verne Waldner bought the Conoco Service Station in Wamsutter Wyoming back in 1973. There wasn’t much to the town then, and there still isn’t. Wamsutter sits off Interstate 80 and has a current population of just under 500. But Verne says that isolation has made his station an essential outpost for drivers passing through for decades.
Update: On Tuesday February 17th, the Wyoming House of Representatives and Senate both defeated amendments to put more money into safety upgrades on Highway 59. Governor Matt Mead had asked for $21 million to add more passing lanes on the highway, but the Joint Appropriations Committee agreed to just $17 million to fund repairs on both Highway 59 and U-S 20/26. Lawmakers said revenues associated with falling oil prices have made the state reticent to spend money. If you ever take Wyoming Highway 59 between Douglas and Gillette, you might have noticed that recently there are more state troopers giving out more citations. In addition to this increased police presence, Governor Matt Mead has proposed nearly 22 million dollars in safety upgrades.
The oil and gas boom in energy states has brought jobs, money and a sharp spike in highway accidents. Leigh Paterson reports on this multi-state trend from a tiny Wyoming town that has found itself stuck in traffic.
Other than cattle and a handful of drilling rigs, there isn’t much along the 115 mile stretch of Highway 59 that connects two of Wyoming’s boom towns. Then you get to Bill, an eleven-person town that has found itself stuck in the middle of dangerous energy development traffic.
Wyoming Public Media’s Stephanie Joyce interviews Alexandra Gutierrez of Alaska Public Radio on Alaska’s diminished role in America’s energy boom and what it means for the state.