Rising Petroleum Prices Cause Decline in Consumers’ Confidence

Rising Petroleum Prices Cause Decline in Consumers’ Confidence

Demand for petroleum products continued to grow during February, but consumers are pumping the brakes as prices reached historic highs in March. Crude oil prices for West Texas Intermediate on the futures market was $76.08 at the beginning of 2022 and quickly rose to $91.34 on Feb. 1 and $119.90…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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