Joe Hilton Boca Raton: Crude Oil Remains Steady, Strengthens U.S. Economy

NEW YORK, NY, August 17, 2012 (Press-News.org) As many Americans are aware, the energy industry is one that, although thriving on a domestic scale, can impact economies across the world. A recent article from Bloomberg Business Week discusses how the U.S. dollar has strengthened whilst the euro has weakened, causing economic distress among many European countries. This climate has caused many investors' craving for raw materials, allowing American consumers to reap benefits of a relatively steady price on crude oil. Joe Hilton, Boca Raton oil industry expert, discusses how his company, Pacific-Northwestern Energy hopes to add to the success of the American energy market.

Pacific-Northwestern Energy is currently pursuing initiatives to complete its Rock Castle drilling project in Cheyenne, Wyoming. As Pacific-Northwestern President and Owner, Joe Hilton comments, "Our outfit is dedicated to using industry expertise and outside investments to pursue our own drilling initiatives. With support, this company has been able to drill its own wells with success. I believe that this kind of opportunity has contributed to much of the recent accomplishments in crude oil and natural gas within the United States."

Hilton's perspective is proven by many reports delivered this year which have indicated long-term energy stability in America due to recent boons in natural gas and crude oil supplies. According to Bloomberg, these industry successes have worked simultaneously with the international and domestic economy as a whole to create positive growth. Sixty-nine economists who replied to a Bloomberg survey reported that the U.S. trade deficit for June totaled $42.9B, less than the $47.5B median forecast; these figures are expected to "boost second-quarter growth figures when the government revises the data this month." In the article, Jason Schenker, president of Prestige Economics LLC, an Austin, Texas-based energy consultant comments, "The positive U.S. economic data is having an impact on crude. These are positive growth signals. The trade number is a sign that second-quarter GDP will be revised higher."

For Joe Hilton, Boca Raton resident, such complex economic information can be overwhelming to those operating in multiple industries. He concludes, "The main thing that those in the oil industry, as well as in in other markets, should understand is that this overall growth and stability is allowing for higher job creation and providing entrepreneurs with more room to take advantage of America's unique system of free enterprise."

ABOUT:

Joe Hilton, of Boca Raton, Florida, is the Owner and President of Pacific-Northwestern Energy. He leads corporate offices at the Deerfield Beach location, where he puts his expertise regarding oil and natural gas drilling to work in expanding domestic oil production. Currently, Joe Hilton, of Boca Raton, Florida, is pursuing the Rock Castle drilling initiative. Through his work, Joe Hilton, from Boca Raton, expresses his entrepreneurial spirit by participating in several ventures. Some of his previous enterprises include United States Livestock and Quantum Seminars.

To learn more about the work of Joe Hilton, of Boca Raton, and Pacific-Northwestern Energy, visit www.pacific-northwestern.com.