Blog Posts in 2015

BP Gulf Oil Spill Ends With $20.8 Billion Settlement

A settlement has been reached in relation to the infamous 2010 BP gulf oil spill. Following up from an initial agreement of $18.7 billion settlement reached back in July, the final settlement has ...
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Governor Greg Abbott Signs Bill Prohibiting Fracking Bans

Texas Governor Greg Abbott recently signed a bill into effect that prohibits all fracking bans throughout the state, despite the laws that may currently exist in over 300 Texas communities. While he ...
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Lucius Oilfield Begins Oil Operations

The Gulf of Mexico is home to a trove of oil reserves, and partners in the Lucius oilfield say that as of January 19, 2015, oil production has officially begun. This site is 236 miles southwest of ...
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Lower Gas May Be Worse For the Economy Than You Think

According to the former president of Shell Oil, United States consumers should not get used to these dipping gasoline prices and can expect prices to hit $5 a gallon. In 2010, he estimated that gas ...
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