Oil and gas exploration in Texas and North Dakota

Federal Reserve: oil price plunge hits oil and gas exploration in Texas and North Dakota

Federal Reserve: oil price plunge hits oil and gas exploration in Texas and North Dakota

20 the maximum pressure value displayed on the display on January 15, 2015

has become a very dazzling utilization industry [China paint information] the Federal Reserve (Fed) said on Wednesday (January 15) that energy prices are falling positive. 3. In a vibration free environment, it is hitting U.S. crude oil and natural gas producers, This has led to layoffs in some enterprises and difficulties in obtaining loans for some enterprises

many policymakers, investors and economists believe that the decline in oil prices will be beneficial to the U.S. economy in general, which is mainly reflected in the fact that households will be able to increase their spending in other areas

the beige book released by the Federal Reserve on Wednesday (January 15) provides some evidence in this regard. The beige book shows that many consumers have been stimulated by the decline in gasoline prices, which has contributed to holiday sales in Chicago and led to the sale of larger cars in Atlanta

however, the Federal Reserve also pointed out that the decline in oil prices has brought problems to some regions. Oil prices have fallen by more than 50% since mid June last year

oil and gas exploration activities in North Dakota have decreased compared with a month ago. In the Kansas City area of the Federal Reserve, including Oklahoma, companies predict a "significant decline" in drilling activities, employment and capital expenditure. Some companies said that the decline in oil prices had made it difficult for them to obtain loans

according to the Beige Book of the Federal Reserve, the overall demand for energy related products and services has weakened

in the Dallas area of the Federal Reserve, including Texas, northern Louisiana and southern New Mexico, the growth of business activities slowed down, and many industry people expressed concern about the impact of the fall in oil prices

since the economic recession in, the U.S. oil and gas industry has been the highlight of the country's economy

although the Federal Reserve said that the beige book showed that the economy was still growing, it also showed that there was little progress in salary increase, and the pressure of salary increase was mainly limited to workers with special skills