'It's Insane, It's Quick And It's Devastating': CBS Business Analyst On Coronavirus' Economic & Employment ImpactJill Schlesinger said it's difficult to know at this point if reopening businesses will alleviate unemployment.
With Demand For Oil Continuing To Fall, $1 Gasoline Could Soon Be On The WayWith most of the country on shutdown due to the coronavirus pandemic, oil consumption has plunged, taking oil prices along with it.
As Prices Plummet, The Oil And Gas Industry Scrambles To Keep Businesses AfloatThe global economic crisis caused by the coronavirus pandemic has devastated the oil industry in Texas and across the U.S., which pumps more crude than any other country.
Fewer Open Businesses, Flights & Drivers Could End With The World Running Out Of Space To Store OilWith an unprecedented collapse in oil demand, that has sent crude crashing to 18-year lows, the world could soon run out of room to store all the unneeded barrels of oil.
Halliburton To Furlough 3,500 Workers On Campus In TexasOilfield service company Halliburton has announced it will institute a mandatory furlough for some 3,500 employees in Texas.
Trading Temporarily Halted After Dow Jones Drops More Than 2,000 PointsThe Dow Jones fell so sharply -- plummeting 1,800 points at the open -- that circuit breakers tripped and trading on the New York Stock Exchange had to be halted.
Rick Perry’s Texas Supporters Got Huge Ukrainian Gas Deal After His UrgingTwo political supporters of U.S. Energy Secretary Rick Perry secured a potentially lucrative oil and gas deal from Ukraine soon after Perry proposed one of the men as an adviser.
Trump Says It Was Rick Perry Who Urged Him To Make Ukraine Phone CallPresident Donald Trump reportedly said it was Rick Perry who prompted the phone call to Ukrainian President Volodymyr Zelenskiy.
Dallas Cowboys Owner Jerry Jones' Oil And Gas Company Buying Energy Firm For $2.2BA statement from both companies says Jones will provide $475 million as part of the acquisition, bringing his total investment in Comstock to $1.1 billion.
Environmental Report Says Texas Oil Boom Increasing Air Pollution LevelsThe death of a 16-year-old boy has heightened scrutiny of the U.S. government's ability to adequately care for the surge in migrant families and children crossing the border.
BP Approves Expansion Of Gulf Oil ProjectBP has approved a $1.3 billion expansion at one of its oil projects in the Gulf of Mexico and discovered an additional 1.4 billion barrels at two of them.