Global Layoffs

March 11, 2015

Oil prices have been slipping over the past half year from a surplus in product across the world. Prices at their peak were lingering around $100 a barrel, which saw the industry grow in leaps and bounds with new jobs being offered often. Since its peak price in 2012, price per barrel has fallen to half its value, prompting oil and other commodities companies to implement cost cutting measures, ...

Gas Prices to Hit All Time High?

January 20, 2015

Back in 2010, John Hofmeister, former President of Shell Oil, predicted gas prizes would soar to $5 a gallon in 2012 due to rising crude oil prices. However, Hofmeister missed his mark as they only reached $4 a gallon. Now today, Hofmeister is preaching that people should look out for that $5 a gallon scenario again. Today, gas is $2.14, it's lowest price since May of 2009. Hofmeister wants ...

Oil Prices Dropping in 2015

December 2, 2014

With gas and oil prices so slow these past couple of months, it's no surprise that barrel prices are at $70, which is 40% lower then it was in June earlier this year. These prices are based to what The North Sea Benchmark, Brent crude. These low prices have caused energy stocks to lose an estimated $500 billion this past week alone. In order for the North Sea Benchmark to balance the budget in ...

A Look into Land Drill Preparation

October 22, 2014

After surveyors have selected a site for oil drilling there are a number of things that go into the process of preparing a drill site.  Mounds of logistical hurdles and physical obstacles are encountered along the way. First the surveyors will determine the boundaries of the site and arrange environmental impact studies of the location, should they be required.  From the oil company’s side ...