Replacing High Paying Oil Jobs With Clean Energy Jobs Is Not So Easy
Displaced fossil fuel workers across the U.S. may soon have better clean energy job choices in solar and wind than their former high-paying oil and natural gas jobs. That is if the Biden administration delivers on their clean energy plans.
According to Texas Independent Producers & Royalty Owners Association, the U.S. oil and gas industry posted a net decline of 160,323 jobs due to lower demand in 2020. These jobs pay $133,601 on average, with 20% filled by women. The American Petroleum Institute reports that the oil and gas industry is still predominantly white, with only 12% of executive jobs filled by people of color.
The Texas Independent Producers and Royalty Owners Association has announced that it will combine with Texans for Natural Gas to strengthen statewide industry education and advocacy.
The Texas Independent Producers and Royalty Owners Association (TIPRO) has announced that it will combine with Texans for Natural Gas (TNG) to strengthen statewide industry education and advocacy.
TIPRO, which noted that it will integrate TNG into the organization’s education and advocacy platform, outlined that under its guidance, the organizations will create “the most comprehensive statewide oil and natural gas campaign in Texas”. TIPRO said this would be comprised of data, analysis, grassroots engagement, and rapid response capabilities designed to provide accurate information about the industry and its economic contributions in the state.
The natural gas storage report from the EIA for the week ending February 5th indicated that the amount of natural gas held in underground storage in the US fell by 171 billion cubic feet to 2,518 billion cubic feet by the end of the week, which left our gas supplies 9 billion cubic feet, or 0.4% below the 2,527 billion cubic feet that were in storage on February 5th of last year, and 152 billion cubic feet, or 6.4% above the five-year average of 2,366 billion cubic feet of natural gas that have been in storage as of the 5th of February in recent years..the 171 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 175 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but way more than the 121 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 125 billion cubic feet of natural gas that have ty
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them.
Here are some of Rigzone s top upstream stories during the last week, just in case you missed them…
EIA Raises Oil Price Forecasts
The U.S. Energy Information Administration (EIA) raised its Brent and West Texas Intermediate (WTI) oil price forecasts for this year and next year, its latest short term energy outlook report revealed.
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How Many US GOM Jobs Could Go Under Biden?
According to the National Ocean Industries Association’s latest projections, which were prepared by Energy & Industrial Advisory Partners, if U.S. President Joe Biden’s pause on new oil and natural gas leases in offshore waters becomes permanent, the effect on the U.S. Gulf of Mexico workforce would be considerable.