WASHINGTON (Sputnik) — Economic analyst Gerald Celente previous told Sputnik that $45 per barrel for oil was the key price to keep US shale gas production competitive at current levels of output.
"The issues and opportunities facing our growing oil and gas industry do not recognize state lines, making it essential that we work together to help ensure the continued growth we expect to see."
The agreement between the three states in the Appalachian Basin, Taylor explained, aims to attract new businesses, empower workforce development strategies, increase investments and expand research.
"We are seeing tremendous and continued growth in this industry and we know that can be strengthened by partnering on key areas."
November West Texas Intermediate crude CLX5-1.00 percent settled at $46.66 a barrel, down 44 cents, or 0.9 percent, on the New York Mercantile Exchange on Monday.
