Jason Barton

Professional Information and Energy News

Archive for the ‘Job Creation’ tag

Energy stocks resume their slide after jobs report

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Feb. 5, 2010, 4:26 p.m. EST

By Steve Gelsi, MarketWatch

NEW YORK (MarketWatch) — Energy stocks ended with modest losses Friday as the Dow Jones Industrial Average erased a triple-digit deficit and ended 10 points higher in volatile action.

A mixed U.S. jobs report provided no lift to energy stocks.

While the U.S. unemployment rate unexpectedly dropped to 9.7%, the economy still shed 20,000 jobs in January.

Shares of oil and gas companies initially rose, moved deeply into the red by the afternoon, only to pare their losses by the close.

Crude prices dipped below $70 a barrel, but then abruptly rose later in the day.

Read the entire article here.

Written by Jason

February 7th, 2010 at 7:43 am

High Hopes for Clean-Energy Jobs

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The U.S. could add hundreds of thousands of jobs if Congress requires that part of the nation’s electricity be derived from renewable sources, according to a study released Thursday.

The study, by Navigant Consulting, said a renewable-energy standard requiring utilities to produce between 20% and 25% of their energy from wind, solar and other renewable sources would create between 191,000 and 274,000 jobs.

Read the entire article here.

Written by Jason

February 5th, 2010 at 12:37 pm