The Crimson Connection

What’s Next in Oil?

Oil prices suffered a severe drop in 2014. How will the industry recover?

Daphne T, Staff Reporter

February 16, 2018

The oil industry is very prevalent in the Houston area; the oil price collapse of 2014 greatly impacted families and businesses alike. To reduce expenditures, oil companies laid off around 400,000 workers, leaving thousands of families in the Houston area without income, and major projects that did not...

Dakota Pipeline Request Denied

Protests of Dakota Access pipeline

TeresaH, Staff Reporter

March 7, 2017

The Dakota Access pipeline (DAPL) is a $3.7bn project that would transport 470,000 barrels of crude oil a day. Last year, protests over the completion of the Dakota Pipeline reached their height after authorities used tear gas and water hoses to disperse a crowd of 400 people and 17 protesters were taken...

Plummeting Oil Costs Hurt the Houston Economy

Plummeting Oil Costs Hurt the Houston Economy

MattR, Staff Reporter

January 19, 2016

A barrel of crude oil is now 28 dollars a gallon which is more 50 times less than that of a barrel of sparkling water (Perrier: $1825) . In Houston this means lots of job losses and a plummeting local economy. As many of you may know this, the more frightening news is that according to the Huffington...

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