Tue, 01/26/2021 - 9:38am
Larry Owen Hulsey - who served as a leader in the oil industry, in government, in his community and his church - died Jan. 22, 2021 at his home in Graham. He distinguished himself as a hard worker who gets things done. His devotion to his work, family, and country earned him the admiration and respect of colleagues from coast-to-coast with his wit, humor, and intellect.
Graveside services were held Monday, Jan. 25, 2021 at 2 p.m. at the Gazebo in Pioneer Cemetery under the direction of Morrison Funeral Home.
Hulsey, 77, was born in Hobart, OK, and raised in Waynoka, OK. He earned a B.S. degree in petroleum engineering from the University of Oklahoma, and distinctions as a Certified Environmental Inspector, Certified Environmental Consultant, and as a Registered Professional Engineer in Texas.
Fact Check: Texas oil and gas regulator says industry is 35 percent of state economy
Brandon Mulder, PolitiFact Texas
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FILE - In this April 17, 2020 file photo, the sun sets behind an array of pump jacks outside Midland, Texas. The near shutdown of the economy in response to COVID-19 has reduced demand for oil, lumber and other commodities, sending their prices sharply lower. Energy has borne the brunt of the selling, with the price of U.S. oil for May delivery plunging last week below zero for the first time. (Eli Hartman/Odessa American via AP)Eli Hartman, MBI / Associated Press
Workforce in Texas Upstream Energy Sector Contracts in November After Two Months of Growth
The number of total jobs in Texas’ upstream sector dipped in November after showing positive gains in October and November, driven principally by layoffs in the services sector.
The Texas Independent Producers & Royalty Owners Association (TIPRO) reported new government data showing that the sector experienced a decline of 2,300 jobs in November compared to the previous month.
This is still moderate compared to the overall net decline this year of over 47,000 upstream jobs in Texas compared to full year 2019 statistics.
According to the Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics, after six consecutive months of employment decline in the Texas upstream sector this year, 1,500 jobs were added in September compared to the previous month, followed by a revised gain of 2,400 positions in October.
Fact-check: Is the Texas oil and gas industry 35% of the state economy?
PolitiFact s ruling: Mostly True
Here s why: Texas’ oil and gas sector took a tumble in 2020 when the coronavirus pandemic was compounded by a Saudi Arabia-Russia price war that further devastated the global oil market.
In May, two weeks after crude oil prices turned negative for the first time in history, Texas Railroad Commissioner Christi Craddick spoke with the Texas Tribune giving updates on how the industry was handling the downturn.
“Last year, [oil and gas] was about 35% of the state s economy . and so [because this industry] is down . it s gonna affect everything,” Craddick said.
Local unemployment rises again
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Despite signs of relief the month before, local unemployment drifted upward again in November among rising COVID-19 cases and the threat of an opening rollback.
The unemployment rate in the Beaumont-Port Arthur metropolitan area rose more than 2 points between October and November, landing the region at almost 12% and in the spot for third highest unemployment in the state, again.
“As Texas businesses and job seekers adapt to changes in our economy, we can expect continued fluctuations, but TWC will continue to respond to trending needs and offer resources to workers and businesses that bolster the state’s economy,” Texas Workforce Commission Chairman Bryan Daniel said in a Friday report.