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US Oil & Gas Production Continues to Recover

Posted By Ariel Hill-Davis, Monday, January 23, 2017

As OPEC and non-OPEC producers continue apace to meet output reduction goals, US oil and gas production continued an eight month recovery streak. Baker Hughes, Price Futures Group, and others are reporting the US opened the most rigs it has in the last four years, last week. While production is still down from its peak in 2015, the industry has managed to recover to its late 2014 levels. The continuous recovery of the US oil and gas production is a promising indicator for investment in domestic production and should have a positive effect on industries, such as our own, that play important upstream roles in energy development. 

To read the Reuters coverage click here

Tags:  drilling  market  natural gas  oil  supply chain 

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IMA-NA Comments on Critical and Strategic Materials Supply Chains

Posted By Ariel Hill-Davis, Thursday, August 28, 2014

On August 27th, IMA-NA submitted comments to the Office of Science and Technology Policy in response to its request for information on "Critical and Strategic Materials Supply Chains".  IMA-NA's comments focused on the importance of minerals in general, and industrial minerals specifically, to our economy.  Our dependence on minerals in order to maintain a high standard of life was used to highlight the significance of, not only, minerals currently classified as critical or strategic but also industrial minerals to society. 

The comments then moved on to push for investment in the Mineral Resources Program at USGS, as our only unbiased source of information on the state of minerals across the globe.  In order to properly understand the mineral supply chain and its vulnerabilities one needs to have both a source of information with the ability to forecast trends.  IMA-NA believes the Mineral Resources Program should be funded to reflect our reliance on minerals with a long term goal of significant forecasting capabilities. 

To read IMA-NA's comments click on the attachment at the end of this post. 

Download File (PDF)

Tags:  comments  minerals science  msic  policy  supply chain  usgs 

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