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rail
Crude Oil News

Canadian rail strike set for Thursday

August 19, 2024 Mariel Alumit

Canada looks set to be hit by industrial action at its two main freight rail companies from this Thursday as employers and employees made their positions clear over the weekend with no deals in sight […]

ExxonMobil
Big Oil Companies

ExxonMobil (XOM) Lays Off 59 Workers Post Pioneer Merger

August 15, 2024 Mariel Alumit

ExxonMobil Corporation XOM, the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 […]

port
Finance

American port strike looms as shipping’s next major chokepoint

August 14, 2024 Mariel Alumit

The real threat of a dockworker strike at ports across the US east and Gulf coasts come October 1 could knock supply chains out of synch through to 2025, according to new research from Copenhagen. […]

Crude Oil News

U.S. Oil Industry Pumps Record Volumes with Fewer Workers

August 11, 2024 Stu Turley

The number of upstream and oilfield services jobs is flatlining and has started to fall. The hiring slump is not because production is falling. Efficiency and technological advances in fracking services, as well as the […]

Unemployment Rate
Finance

Growth in Jobs Slows to 2017-2019 Pace, Unemployment Rate Rises as Massive Wave of Immigrants Is Absorbed More Slowly

August 2, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Payrolls at employers rose by 114,000 in July, below the growth in June and May. Back in April, job growth was even lower (108,000), and we went through the same handwringing. This […]

Biden
Inflation

Biden’s Job-Growth Disappearing Act

June 30, 2024 Stu Turley

The Biden administration hung its hat on supposedly blockbuster monthly job gains. But data show those numbers overestimated job growth by almost 800,000 in 2023. About 1 in 4 jobs that were supposedly added last […]

Electric vehicles
Electric Vehicles

Electric vehicles a boon for Nevada’s economy, workers and environment, say groups

June 28, 2024 Mariel Alumit

  Electric vehicles are gaining ground in Nevada, with new cheaper models and federal incentives enticing drivers away from gasoline-dependent transportation. The U.S. Environmental Protection Agency is expected to soon issue updated pollution limits for […]

clean energy
Energy Policy

US unveils rules for subsidies to boost clean energy wages

June 21, 2024 Mariel Alumit

(Reuters) – President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The […]

Biden
Finance

Powell Admits The Biden Admin Is “Overstating” Jobs

June 13, 2024 Mariel Alumit

Every first Friday of this year (here, here and here) we have spent hours deconstructing the glaring propaganda peddled by Biden’s Labor Department, meant to show just one thing – how “strong” the economy is under the current […]

Crude Oil News

Major lithium discovery in fracking wastewater leaves the left facing EV ‘irony’

June 8, 2024 Stu Turley

The discovery of the potential for thousands of tons of lithium to be extracted annually from wastewater generated by fracking in the Marcellus Shale leaves proponents of a green energy future at a crossroads, Republicans […]

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