Oil Prices, Prop 112 & Technology

5 Things To Know This Week


Technological innovation is changing the way we do business. With technology minded millennials comprising a large part of the workforce, the oil and gas industry is becoming even more intertwined with technology.

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Things are looking up as oil and gas recruiting is predicted to rise in the coming months. According to a report by Rigzone, 70% of recruiters recently surveyed said that they planned to recruit for oil and gas related positions in the next six months.

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On Tuesday, Colorado voters said “NO” to Proposition 112 which would have severely stunted industry growth in Colorado, and potentially the U.S. as a whole.

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In a similar manner to Colorado voters, Washington state rejected a ballot initiative to create the first ever Carbon Tax.

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This week’s oil prices and what’s affecting them.

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