One of the areas of concern for people at the Bakken Region is the shortage of housing brought about by the sudden growth in the area’s population. The oil boom has attracted thousands of workers from out of state and the housing has failed to keep with the pace of the population growth.
Many of the workers have … Read More...
An oil field worker can earn as much as $100,000 a year even without a college degree. This level of income is a big deal; as of January 2014, the minimum wage in the United States had been mandated at $7.25 per hour. Some states have legislated slightly higher minimum wages. Even if a worker worked 12 hours … Read More...
(Part 1) The Oil Boom Means More Work for People
The oil industry in North Dakota, around the Bakken formation, continues to grow. Oil was discovered in the area in 2006; 8 years later and more and more field workers continue to troop to the Bakken region to work in the growing oil industry, supported by the recent … Read More...
The oil industry for the past couple of years was seeing some level of stability in the range of $100 a barrel. The companies that hedged at that price have secured their revenues now that oil has fallen to about $50 a barrel.
Purchasers who hedged would be the real losers, as they felt that they would have … Read More...
This article http://www.youroilandgasnews.com/canada+oil+and+gas+provinces+rank+among+best+in+the+world_109056.html puts into context the fact that Canada is putting itself in line to benefit from the Oil and Gas industry boom. It is rated as one of the best in the world being confirmed by the study that was conducted by Enercom.
This study is also a great one as it is shared with energy … Read More...
The prospect of a boom in employment is an excellent thing that cannot be ignored or taken lightly. Jobs are what help to grow and sustain the economy based on the spending of the workforce.
However, the nature of the jobs is concerning to some environmentalists that have issues with oil and gas exploration. Some of their concerns … Read More...
The cost of to produce LNG from Canada may be projected to be a little higher that other countries however the investors are not moved. This must have been a consideration in the early stages when they were doing their feasibility studies before investing.
They are also comforted by the fact that demand will always drive the cost … Read More...
The Chinese are very innovative and smart people. They are aligning themselves to be a superpower and looking for allies in the Canadian region of the world. This strategic move of making Canada a trading hub for their currency is a good move as it reduces the cost of doing business.
Canada has received a major boost in … Read More...
The output of carbon is a real concern to the surrounding communities of the LNG facilities. It is great that the facilities will be open to provide employment and opportunity in the area but we must not forget the environmental issues that must be considered.
The options must be weighed and the formal establishment of appropriate output levels … Read More...
It is amazing that Canada has so many clean tech companies that offer so much to the economy. With a contribution of $11.3 billion per year, this is a successful industry. It is also very commendable that these companies were grown and funded all in Canada.
The EDC has also created a great opportunity for them to access … Read More...
