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Report: Victoria 3rd in US for economic performance

oil

Victoria’s economic performance is one of the best in the country but could be plagued by a decrease in oil prices, according to a California think tank. The city is the third best-performing small city in the country, according to the Milken Institute’s 2014 report, “2014 Best-Performing Cities: Where America’s Jobs Are Created and Sustained.” The authors of the report ...

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Texas job growth hindered by oil price plunge

The Lone Star State has beat most others in the nation in job growth for over a decade. Since 2000, growth has more than doubled in Texas, and in the last quarter of 2014 it held 30 percent of America’s total jobs overall. However, the King of Crude is feeling the impacts of low oil prices and a recent analysis ...

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Oceana report touts benefits of offshore winds vs. drilling

NORFOLK, Va. — A report issued by Oceana concludes the development of wind turbines off Virginia’s coast would create thousands of jobs. The oceans advocacy group issued a report Wednesday that compares offshore wind development vs. drilling for oil and gas in Atlantic waters. Oceana said the economic analysis found that wind development would produce twice the number of jobs ...

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North Dakota’s population reaches all-time high

BISMARCK, N.D. — North Dakota’s population has reached an all-time high. The U.S. Census Bureau on Tuesday said the state has 739,482 residents. That’s an increase of more than 15,000 residents from last year’s count. In the early 2000s, North Dakota was one of only a few states with a declining population. The state began to reverse that trend in ...

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Surge in workers keeps pushing up La. jobless rate

Louisiana’s unemployment rate rose for the seventh straight month in November, and what had been strong growth in employer payrolls waned. The state’s jobless rate rose to 6.5 percent, as growth in job seekers continued to outstrip increases in the number of people reporting they have jobs. The unemployment rate was 6.2 percent in October and 5.6 percent in November ...

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Texas could lose 128,000 jobs

job cuts

Declining oil prices may be helping consumers at the pump and the US economy, but it could hit Texas a little harder than in other places. Fuel Fix reports, “If U.S. benchmark crude remains cheap at around $55 a barrel, the state could lose 128,000 jobs by the middle of 2015, according to a Federal Reserve Bank of Dallas model ...

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Drilling tax could cripple state economy, gas industry warns

drill

HARRISBURG — Three days after the newly-elected Senate majority leader opened the door to negotiations on a natural gas drilling tax, industry leaders reiterated their stand that such a tax would harm the state’s economy. Additional taxes would have a “crippling effect on jobs” said Stephanie Wissmer, executive director of the Associated Petroleum Industries of Pennsylvania. “It threatens to stifle ...

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Enbridge Energy cuts jobs at midstream unit

Enbridge

Enbridge Energy Partners LP is the next company in line to announce job cuts this year. According to the Houston Chronicle, in hopes to help cut costs, Enbridge Energy Partners is cutting jobs in its domestic gas pipelines and processing business unit.  The company cut less than 100 jobs. The job cuts will impact the company’s midstream unit, Midcoast Energy Partners LP, ...

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