Oil Industry – The European Union Times ⚡ Shocking Hidden News Reports ⚡

Crude price drop triggers major layoffs in US oil industry

EU Times — Wed, 31 Dec 2014 17:07:03 +0000

Thousands of recently highly paid workers have been laid off after the oil price plummeted 50 percent in 2014. At least four American oil-producing states are already facing budget problems due to decreasing oil revenues. The price plunge has affected petroleum production in all oil-extracting countries, including the US. Currently cheap fuel is still believed […]

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California fracking ban bill fails despite strong public support

EU Times — Sat, 31 May 2014 21:27:40 +0000

The California Senate killed a bill that would enact a moratorium on hydraulic fracturing (fracking) in the state. The ban’s proponents blame lobbying by the oil industry, which spent nearly $1.5 million in three months fighting the bill. The proposed legislation, introduced by Democratic state Sens. Holly J. Mitchell and Mark Leno, would have prohibited […]

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