How West Virginia got to 3 percent GDP growth | TheHill

WV Governor switches to Republican Party

Three factors are working in West Virginia’s favor right now: a global infrastructure boom, the rising price of natural gas, and the legacy of a recession that hit the Mountaineer State harder than most.

While most industries struggled during the recession, the energy sector actually performed relatively well. States like West Virginia, Texas, North Dakota and Oklahoma experienced revenue booms as hydraulic fracturing boosted the supply of oil and natural gas.

And while other industries bled jobs at a furious pace, West Virginia actually added mining jobs through even the depths of the recession: 35,300 West Virginians were employed in the mining and logging industry — the broad sector measured by the Bureau of Labor Statistics — at its recent peak, in December 2011

Source: How West Virginia got to 3 percent GDP growth | TheHill

Oil Rises to Three-Week High as OPEC Members Back Cuts Extension

Crude rose to a three-week high after Algeria said an extension to OPEC’s production curbs would be backed by most participating countries.

Futures climbed 0.6 percent in New York. Algerian Energy Minister Noureddine Boutarfa said Thursday that most OPEC members support Saudi Arabia and Russia’s proposal to prolong the curbs to March next year, and that the rate of compliance should increase. Prices had fallen earlier as the market got caught up in the turmoil surrounding Donald Trump.

Source: Oil Rises to Three-Week High as OPEC Members Back Cuts Extension