Oil industry drove economic booms in North Dakota, Texas
A strong increase in economic activity in oil and gas exploration and production boosted the fortunes of both states in 2012, according to a report Thursday by the U.S. Bureau of Economic Analysis.
View ArticleHigh oil costs hitting nation’s wallet, too
Spiking oil prices over the past decade weren't just bad for motorists' wallets. It turns out they were bad for America's too.
View ArticleTexas and North Dakota grew at a torrid pace in 2014 — before crude busted
The Texas economy grew the second most among the states last year after it saw its gross domestic product increase 5.2 percent, making it one of the only states to outpace the U.S. economy overall.
View ArticleCrash could cost cities in U.S. and Canada cities $170 billion
The losses, which represent about 2 percent of combined GDP for the 35 cities studied, surpassed estimates for the impact of natural disasters such as floods and earthquakes as well as terrorist...
View ArticleCanada emerges from oil slump with 2.3 percent 3rd-quarter GDP growth
The quarter ended with a monthly contraction of 0.5 percent for September, the largest since March 2009, as fires and maintenance shutdowns interrupted oil production.
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