Friday, August 04, 2017 / by Scott Shine
(Houston Chronicle) – The Lone Star State produces and consumes more energy than any other state in the nation.
Texas produces 41 percent more energy than it consumes and is a leading net exporter of energy, according to the U.S. Department of Energy. It produces a third of the country's crude oil, nearly a third of its natural gas, and more than a fourth of all wind power generated in the U.S. Texas also is the nation's leader in crude oil refining.
Demand for power in Texas grows every year as the state's population continues to grow, according to the Electric Reliability Council of Texas (ERCOT). It recorded an all-time peak in power demand in August 2016 of 71,110 megawatts. One megawatt is enough to power 200 homes on a hot Texas day.
Texas broke its July record when demand hit 69,525 megawatts around 4 p.m. on July 28, ERCOT reported.
Wednesday, August 02, 2017 / by Scott Shine
COLLEGE STATION (Real Estate Center) – The Texas economy is recovering from the 2014–16 oil price collapse and is leading the U.S. in job creation.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy, Texas gained 319,300 nonagricultural jobs from June 2016 to June 2017, an annual growth rate of 2.7 percent, higher than the nation’s employment growth rate of 1.6 percent. The nongovernment sector added 283,800 jobs, an annual growth rate of 2.8 percent, higher than the nation’s employment growth rate of 1.7 percent in the private sector.
Texas’ seasonally adjusted unemployment rate in June was 4.6 percent, lower than 4.7 percent a year ago. The nation’s rate decreased from 4.9 to 4.4 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by other services; transportation, wareh ...
Thursday, May 11, 2017 / by Scott Shine