Ohio oil and gas industry reels from collapse in the 1980s
Ohio's oil and gas sector, once a $1 billion asset, shrank to about $600 million as 1,252 wells were plugged in 1988. Jobs vanished, firms like Central Energy and Noble Oil reduced staff dramatically while producers demand tax breaks and drilling incentives from state and federal governments.
MENTIONED IN THIS ARTICLE
Ohio
Association
Michael Biddison
Oil and Gas
Ohio Department of Natural Resources
Jud Noble
Columbus
Fed signals more rate hikes to fight inflation
Experts foresee higher interest rates after the Fed raised the discount rate to 7 percent. Analysts say further credit tightening and rising loan costs will follow as policymakers aim to slow the overheating economy and curb inflation. Major banks lift prime rates to 11.5 percent amid tightening.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve Board
Donald Ratajczak
Georgia State University
Refinancing Your Mortgage With the Two by Two Rule
The piece explains that lower payments drive refinancing and tapping home equity, but urges careful cost study. It suggests a two by two rule: your rate is at least two points above current rates, you bought two years ago, and you plan to stay two more years. It notes closing costs like points, appraisals, and title fees.
Closing costs and loan savings guide by Century 21 Demby
The article explains how closing costs up to 5 percent affect new loans and gives a method to calculate payoff time by dividing closing costs by the monthly payment difference. It suggests a rough two month payoff and invites readers to contact Century 21 Demby Inc Realtors in Elyria for real estate help.
MENTIONED IN THIS ARTICLE
New York
NYSE
Niger
Anistec
PacTel
Arm
Panam Va Asarco
PepsiGa
Ag BallyMt
Pheer
Ans
Baxter
TM BedAd
We PhilPet
BeilSo
Qaesar
Sears
Galton SmkBck
SouthCo
SwBeil
Tesco
Pat Beste
Ask
duPont
CIA
Aia
UnTech
Exxon
WalMit
Genetch
Genki
Bate Hata
Gensco Sts
Gillele
Pierre
Hmstke
Hanwell
PC Inter Inc
Jimerson
First Bancorp Inco
Goodrich Sitz Interca
Bate Sa Tills
IBM
Invacare
Kmart
Abe
CB Bancorp
LNB Bancorp
Noidson Aes
Northern Savings
MAPCO
Qhyo Edison
Bay
PNC Carp Aihta
Parker Hannilin Ants Nex
Smucher
Aay Y Mead
Sunrise Medical Merck
Texas Alchibes
MiaSut
Woolworth
Century 21
Demby Inc. Realtors
Middle Ave
Elyria
Also Mentioned on This Page
Richard Salavage
Newark
Central Energy Co
Central Energy
Salvage
Nancy Chiles
W.E. Shrider
Chiles
Barry Ferguson
Ohio Oil & Gas Association
the Organization of Petroleum Exporting Countries
Biddiser
David Wyss
Data Resources Inc
Lexington
Mass
Labor Department
Ratajczak
ROYAL
Business Equipment A
Murata
Compatibl
Canon
Adler-Royal
Adler
Cleveland Street
Lorain
Smith Corona
Panasonic
Robert Demby
Refinance BR
Obie
Treasury
Cleveland
Transohio
Transouio Savings Bank
Eark
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