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The associations representing the natural gas industry, such as America's Natural Gas Alliance, were invited to be on the program but declined. [19] In June 2011, when Urbina's article appeared in The New York Times, the latest figures for U.S. proved reserves of shale gas were 97.4 trillion cubic feet, as of the end of 2010. [20]
Schematic map of crude oil shipments by rail in the US in 2014 (US EIA) Before the common availability of long-distance pipelines, most crude oil was shipped by rail. It is for this historical reason that in Texas, oil and gas production came to be regulated by the Texas Railroad Commission. Rail transport of crude oil has made a resurgence ...
A market developed for fuel oil as it was discovered that petroleum was superior to coal in powering the large engines of ships and railroad locomotives. The prevalence of the automobile in the early 1900s created a mass market for gasoline, and a shortage soon developed of the lighter gasoline fractions of crude oil.
GECF joined as an eighth partner in 2014, enabling JODI also to cover nearly 90% of the global market for natural gas. [205] Since 2007, OPEC has published the "World Oil Outlook" (WOO) annually, in which it presents a comprehensive analysis of the global oil industry including medium- and long-term projections for supply and demand. [206]
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
The petrochemical industry is concerned with the production and trade of petrochemicals. ... 2023 market cap $ (billion) [3] BASF: Germany: 62.30: 51.1 Dow Chemical: US:
The National Weather Service Climate Prediction Center's Seasonal Temperature Outlook for March-May 2025. Colder-then-normal temperatures expected in the Northwest
An attempt to acquire OPIS in 2011 failed following market objections and Federal Trade Commission resistance. [ 14 ] In 2022, when S&P Global completed a merger with IHS Markit, it combined the divisions S&P Global Platts and IHS Markit ENR to form the renamed S&P Global Commodity Insights, dropping Platts from the division's name, [ 15 ...