You have commented 338 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Economy
Big Oil Booms: Texas Truck Drivers Make $140k, Forces Rising Wages in Other Industries
2018-06-11
[Town Hall] Big Oil is having an incredible impact, again, in Texas. Midland, TX is experiencing such a booming shale-oil economy that truck drivers are making more than $100,000. In turn, smaller businesses are forced to either raise their wages or extend hours to retain workers. But, this successful economy has what some say are a few downsides as well. With increased wages comes increased rents and labor shortages in public positions. Regardless, the region’s industry is providing bevy of economic benefits that could last for a very long time, reports the Los Angeles Times.

Midland has an astoundingly low 2.1% unemployment rate due to the success of companies such as Chevron and Aveda Transportation & Energy Services Inc. Thanks to recent technology developments and decreased regulations, a swath of land roughly 75,000 square miles accounts for "30% of all U.S. [shale-oil] output." Plus, "booming U.S. shale production is fueling record crude oil exports, with shipments reaching an all-time high of 1.76 million barrels a day in April."

As these companies grow, they need more workers. In order to be competitive, some are offering truck drivers as much $140,000 a year for transportation services. This provides many Americans who cannot afford a 4 year degree to instead opt for a two year degree and a commercial driver’s license.

"A CDL is a golden ticket around here," said Steve Sauceda, who runs the workforce training program at New Mexico Junior College. "You are employable just about anywhere."

Other folks such as Jazmin Jimenez, age 24, earn $28 dollars working in the industry.
Posted by:Besoeker

#5  Mouth Pelosi mouths off saying increased wages from Trumps policies are too small while she pushes for more illegals to help corps drive down wages.
Posted by: Omeger Gray6606   2018-06-11 11:11  

#4  But, this successful economy has what some say are a few downsides as well

Nancy Palsy: "Of course now, these people will be forced to buy bigger wallets, which may actually affect their posture. Horrific"
Posted by: Frank G   2018-06-11 10:18  

#3  ...probably because they were being paid in US dollars not bolivars, at the official rate with regulation fees collected by government officials.
Posted by: Procopius2k   2018-06-11 07:27  

#2  Oil Industry - Chevron in this article.

Which allows me to note something that MSM refused to report.

Several Chevron oil company executives taken hostage by the Venezuela government were released during the past two weeks due to pressure by the Trump Admin after the sham Venezuela elections when Trump suggested harsher penalties. This was an attempt to get Trump to back off. Not a peep about it in the MSM.

The employees were Venezuelan citizens working for the US company in Venezuela.
Posted by: Ulaigum Ebbineng7056   2018-06-11 01:51  

#1  $28 an hour!
In other news, Nancy Pelosi is not impressed.
Posted by: AlmostAnonymous5839   2018-06-11 00:55  

00:00