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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Sep 06, 2015
Page
9
A market note explains crude oil rose sharply as supply estimates shrank and OPEC may cut production. Analysts discuss a broader bear tone in energy stocks, noting oil’s move from 110 to mid 30s and a current bounce toward 53 as a potential resistance point amid a sustained downtrend.
Roseland Oil and Gas plans its West Texas Showdown in Midland at the Horseshoe Arena on Sept 16 17 with 250 exhibitors and 3500 attendees. Keynote speaker Railroad Commissioner Christi Craddick is set for Sept 17 at 2 p.m. Passes cost 50 for industry personnel with free passes via exhibitors.
A survey of nearly a dozen major cities shows patchy disaster plans as crude shipped by rail rises sharply. About 500,000 carloads last year compared with 9,500 in 2008. Fire departments vary in training and foam stockpiles, leaving communities near tracks vulnerable to derailments and fires.
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