The lawsuit filed by Texas oil billionaire Kelcy Warren against Texas gubernatorial candidate Beto O’Rourke has created more headlines. O’Rourke responded to the lawsuit saying he’s ready for a fight. Warren, Chairman and former CEO of Energy Transfer filed suit after O’Rourke accused him of paying off Republican Gov. Greg Abbott. Energy Transfer is …
March 23, 2022 archive
Dallas Fed predicts world recession without Russian energy exports
The Federal Reserve Bank of Dallas is out with a study by its economists who say the world economy will go into a recession this year without Russian energy exports. “If the bulk of Russian energy exports is off the market for the remainder of 2022, a global economic downturn seems unavoidable,” economists Lutz …
Frac sand prices up 3X from a year ago
Oil and gas explorers are facing frac sand prices that are 185% higher than a year ago. The high prices are considered another impediment in any growth of oil and gas exploration across the country reported Business Insider. Click here for Business Insider
Colorado’s governor blames oil and gas industry for high gasoline prices
The Democrat Governor of Colorado is at odds with the oil and gas industry as he joined President Biden in blaming the industry for the soaring gasoline prices at the pumps. Click here to read more from Axios as it highlighted how the prices are a political issue across the country.
Wind power growth in Texas presents a problem
The fast-growing wind industry in Texas gives the state an even bigger boost in being the number one wind-powered state in the country, but it also raises a power problem and challenge for Texas. A new study by researchers at Houston’s Rice University showed the growth in wind power also revealed the state’s energy grid is …
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