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West Texas Intermediate (light blue) alongside other selected North American oil benchmarks. West Texas Intermediate is used primarily in the U.S. It is light (API gravity) and sweet (low-sulfur) thus making it ideal for producing products like low-sulfur gasoline and low-sulfur diesel. Brent is not as light or as sweet as WTI but it is still a ...
Prior to Spindletop, oil was primarily used for lighting and as a lubricant. Because of the quantity of oil discovered, burning petroleum as a fuel for mass consumption suddenly became economically feasible. The frenzy of oil exploration and the economic development it generated in the state became known as the Texas oil boom. The United States ...
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX) .
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh. Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand ...
Price is an unincorporated community in west central Rusk County, Texas, United States. According to the Handbook of Texas , [ citation needed ] the community had a population of 275 in 2000. It is located within the Longview, Texas metropolitan area .
Texas: 87 89 93 El Paso, Lubbock, and Amarillo areas have 86/88/91 octane ratings. Utah: 85 88 91 Vermont: 87 89 93 Virginia: 87 89 93 Washington: 87 89 92 West Virginia: 87 89 93 Wisconsin: 87 89 91 93 widely available Wyoming: 85 88 91
The finds in North Texas, beginning with the 1917 strike in the Ranger Oil Boom west of Dallas-Fort Worth, were particularly significant, bringing substantial industrialization to the area and contributing to the war effort during World War I. [39] [40] Texas soon became dominant as the nation's leading oil producer. By 1940, Texas production ...
September 13, 2007 – Hurricane Humberto rapidly intensifies before making landfall just west of the Louisiana–Texas border with winds of up to 90 mph, dropping up to 14.13 in (359 mm) of rain. [115] The storm kills one person and leaves $50 million in damage. [116] Hurricane Ike (2008) in the Gulf of Mexico