By Daniel Moore / Pittsburgh Post-Gazette The drilling rigs were hard to ignore. Matthew Dickey was a store manager for Finish Line, the athletic apparel retail chain, drifting between locations in Uniontown, Morgantown and Johnstown. Amy Gallagher had lost her clerical job at the Pennsylvania Department of Public Welfare. Chris Williams was in his 14th year working as a civil attorney in Williamsport. The industry sort of developed around me, said Mr. Williams, who lives in Montoursville,Lycoming County.It became apparent to me that this was a tremendous opportunity. All three people jumped into the natural gas industry at a time when production across Pennsylvania was booming. Gas wells drilled across Pennsylvania at least doubled each year from 2007 to 2010, state data show. All three people and countless more lost their jobs when prices plummeted over the last few years and drillers halted production.Widely seen as a victim of its own success, the natural gas industry has encountered stubborn oversupply that has temporarily dimmed employment prospects. The drilling industry has left behind an alteredlabor market as well as a raft of workforce development programs, particularly in rural areas, that tried to keep up with the shale hiring blitz over the last decade. The downturn has offered workers a lesson in navigating the boom-and-bust energy industry. Some people have been able to transfer their skills to other natural gas jobs, and others hope Shells cracker plant in Beaver County can spur jobs.
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Similarly, Trumps call to dismantle Dodd-Frank could make it easier for banks to step back into the proprietary trading and market-making they had to curtail. Friedman said that could be a good thing for her business. We think there are elements of that regulation that could be moderated, most notably those that limit banks putting liquidity into the markets, she said. Radical Changes Nasdaq looks radically different from the company Friedman joined two decades ago. It has expanded to include venues in Europe and Canada, platforms for trading options and U.S. Treasuries, and businesses in exchange technology, investor relations and proprietary data. why not check hereThe industry is also consolidating, with Deutsche Boerse AG and London Stock Exchange Group Plc working on merging. CBOE Holdings Inc. is buying Bats Global Markets Inc., an exchange group run by Friedmans former Nasdaq colleague Chris Concannon.
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