Community Energy Center

Goldman Sachs expects crude oil prices to reach US$80 per barrel this summer.

President Joe Biden’s Administration began with radical actions against the oil and gas industry, in line with his goal of achieving net-zero emissions by no later than 2050. However, a progressive advance towards clean energy that does not directly impact the economy of the general population, particularly that of minorities and lower income segments, has yet to be considered.

Biden’s policies thus far have demonstrated a negative impact on domestic oil and natural gas production, placing U.S. energy security at risk, in terms of supply and … Read More >>

By Dean Foreman, Ph.D., Chief Economist at API

Throughout the 2021 economic recovery, API’s data have demonstrated the intertwined relationship between the nation’s recovering economy and affordable, reliable energy. Leading economic indicators have continued to rise, and along with them, so has oil demand – even as global oil drilling and investment have fallen. 

According to the IMF and Bloomberg consensus of economic forecasters, global real GDP growth could average 4.8% in 2021 compared with 2020: its strongest expansion since 1976, when the price of Brent crude oil was just over $50 per barrel, adjusted for price inflation.  Recent oil prices … Read More >>

By Stacy M. Brown

With projections that half of its workforce will consist of minorities by 2040, the oil and gas industry has continued to recruit individuals of color, women, veterans, and groups that have been mainly underrepresented.

At ConocoPhillips, Shawn Green and Maalika Moore-Thomas each take an optimistic approach to recruiting some of the best minority talent and minds.

Green, the manager of global services and technology, and Moore-Thomas, the senior supplier diversity coordinator, also keep a steady eye on diversity and inclusion with ConocoPhillips’ contractors and suppliers.

“My day-to-day is basically working with our diverse suppliers from various … Read More >>