Author Archive: Jordan Gleason

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The $10 Trillion Resource North Korea Can’t Tap

North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports on how much North Korea’s mineral wealth really is, but according to rough estimates from […]

By September 19, 2017 0 Comments Read More →
Top 3 Republican candidates have almost all the money in state treasurer’s race

Top 3 Republican candidates have almost all the money in state treasurer’s race

With a dozen days to go before voting begins statewide, the three main Republicans running for state treasurer still are regional candidates who have made little headway in other parts of Louisiana – at least when it comes to raising money. Almost half of the campaign contributions raised through Sept. 4 by former Commissioner of […]

By September 19, 2017 0 Comments Read More →

UK’s oil industry ‘entering final decade of production’

The North Sea oil industry is entering its final decade of production, according to new academic research that rejects Alex Salmond’s claims during the 2014 Scottish independence referendum campaign of an impending second boom. An Edinburgh University study of output from offshore fields estimated that only around 10 per cent of the UK’s original recoverable oil […]

By September 19, 2017 0 Comments Read More →

After Brief Disruption Of Hurricanes, Oil And Gas Industry Seems Set For More Stability

The approach of the final quarter of 2017 seems an opportune time to check on the state of the U.S. oil and gas industry, and its outlook for the remainder of the year. While Hurricanes Harvey and Irma definitely caused significant disruptions in the nation’s oil and gasoline delivery systems, the reality is that those […]

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The Rundown: Updates on Gov. Edwards’ latest D.C. trip, LSU’s medical pot deal and everything else you need to know in Louisiana politics today

Today in The Rundown: Less than a month to go in the fall elections, including the treasurer’s race; LSU continues response to fraternity pledge’s death; State leaders want to make more info public about K-12 schools; and more. Countdown… Days until the Louisiana treasurer’s election: 25 Days until the runoff in the treasurer’s race, if needed: 60…   […]

By September 19, 2017 0 Comments Read More →

US Drillers Lower Rigs in Oil & Gas Shale Resources

In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company BHGE, reported a fall in oil and natural gas rig count in the United States. Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 936 in the week ended Sep 15 – lower than […]

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US Gasoline Prices Ease After Harvey, Irma

Average gasoline prices have dropped in 45 of 50 states, with the national average declining nearly five cents a gallon to $2.60 in the first weekly drop since damage from Hurricane Harvey forced refineries to close several weeks ago. Patrick DeHaan, senior petroleum analyst for gasoline price information provider GasBuddy, said: Gasoline production has continued […]

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Oil near five-month high as Middle East producers stick to cuts

Oil prices traded close to five-month highs on Tuesday after key Middle Eastern producers showed they continued to comply with output cuts under an OPEC-led deal that Iraq’s oil minister said could be extended or deepened. A weaker U.S. dollar also lent support to dollar-denominated commodities such as oil, traders said. Benchmark Brent crude futures […]

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Far From the Texas Coast, Hurricane Harvey Hits Oil Refiners

Three weeks after Hurricane Harvey ravaged the massive fuel-making industry along the Texas coast, the region’s recovery from storm damage is starting to disrupt plans for crucial maintenance at refineries thousands of miles away from the flood zones. Harvey knocked out almost one-quarter of U.S. refining capacity in late August, sending gasoline and diesel prices […]

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Oil Rises Above $50 as Iraq Raises Prospect of More OPEC Action

Oil extended gains above $50 a barrel in New York as Iraq raised the prospect of OPEC taking further steps to clear a global supply glut. West Texas Intermediate futures added 0.8 percent. Iraqi Oil Minister Jabbar al-Luaibi said there’s support in the Organization of Petroleum Exporting Countries to deepen output curbs by about 1 […]

By September 19, 2017 0 Comments Read More →