The recent decline in oil and natural gas prices has left people with mixed emotions. While everyone has more money leftover after a trip to the gas station or after paying the electric bill, there’s still concern about the effect that lower prices will have on the Texas and U.S. economies. In a recent article, economist Dr. Ray Perryman reports that low oil prices are a net positive for the U.S. economy, but for energy-producing states like Texas, that may not be the case.
Read MoreAs a society, we learn through education and the media that the use of fossil fuels is detrimental to our planet and ourselves. For years, environmentalists have advocated against the use of traditional fuels; however, over the years, the quality of our lives has greatly benefited from the use of fossil fuels.
Read MoreThis morning, when my smartphone’s alarm woke me with music, I got out of my warm bed to a toasty warm home, hit the button on my grinding coffee pot and reached into the refrigerator for the milk and orange juice. I did stop to give thanks for this miracle we call modern life.
Read MoreThe Office of Fossil Energy in the U.S. Department of Energy recently published a classroom poster, Common Products Made from Oil and Natural Gas, that asks the question, “Did you know most of this stuff comes from oil and natural gas?”
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