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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: energy industry

energy industry stories: 10 news summaries

MARKETS
(Newser) - Reports of greater-than-expected US oil reserves sent crude prices and markets tumbling today, the Wall Street Journal notes. The manufacturing sector fell, and the Dow’s energy component was off 4.1%. “People are looking at the inventory report today as a really good chance to take some money... More »

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stock market NASDAQ New York Stock Exchange Dow Jones energy industry manufacturing S&P 500 oil prices

MARKETS

 Energy, Tech Climb; Dow Up 39 

Investors take grim jobs report in stride

(Newser) - Stocks closed with small gains after spending the day mostly in the red on the news of a 25-year high in unemployment, the Wall Street Journal reports. Anticipating governments’ stimulus plans will increase fuel demand globally, investors put their money into energy stocks. Tech also performed well after a strong... More »

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Research In Motion Dow Jones energy industry unemployment Nasdaq tech stocks S&P 500

 House Unveils 
 Clean Energy Plan 

Democrats' plan aims for a painless shift toward a clean energy economy

(Newser) - House Democrats released a draft bill yesterday that aims to fast-track a shift to clean energy, reports the Christian Science Monitor. The plan calls for vastly improved energy efficiency, accelerated development of clean energy sources, and a 20% reduction of greenhouse gas emissions. The draft was hailed by supporters as... More »

(Newser) - Clean coal is a myth, and the companies selling it “have their heads stuck in the mine,” Thomas Kostigen writes on MarketWatch. Although Americans generate close to 50% of their energy from coal, the technology is so yesterday—and the industry is not poised to move forward. It... More »

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energy environment alternative energy coal energy industry electricity coal power clean coal

MARKETS

 Dow Ends Bad Week Down 82 

Energy firms see gains on oil rally

(Newser) - Stocks fell today after treading water for most of the session, the Wall Street Journal reports. Financials fell, but a rise in energy stocks spurred by a $3.53 gain in the price of oil buoyed indices somewhat. The House passage of the stimulus plan seemed to have little effect... More »

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Dow Jones energy industry Nasdaq economic stimulus package S&P 500 financial stocks oil prices

MARKETS

 Dow Clears 9,000 to Open '09 

Market discounts poor manufacturing report

(Newser) - Stocks rallied in the first session of 2009, with energy stocks leading advances on a jump in crude oil prices, MarketWatch reports. GM rose after announced changes to GMAC policy expected to give prospective buyers more financing options. In light trading volume, the Dow climbed 258.30 points to close... More »

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Dow Jones energy industry Nasdaq S&P 500 manufacturing index oil prices Institute for Supply Management

Buffett Strikes as Investors Flee; Buys Energy Firm

In his first move of the current market crisis, the Oracle collects more energy

(Newser) - Warren Buffett swooped in yesterday with one of his patented moves, his first during the current market turmoil. He purchased Constellation Energy Group, Baltimore’s large hometown energy supplier, after its stock plummeted by 60 percent since Monday, the Sun reports. As investors fled the company, Buffett saw opportunity, adding... More »

Energy Firm to Tell Investors
of Risks From Global Warming

Xcel agrees to first pact of its kind with NY AG

(Newser) - A major builder of coal-fired power plants has agreed to fully inform investors of the risks global warming poses to its business in a landmark deal with New York's attorney general. Green groups hope the agreement by Xcel Energy will spur other firms to follow suit, reports the New York ... More »

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energy coal energy industry Andrew Cuomo carbon emissions greenhouse-gas emissions

School Buses Plug In to Hybrid   

Eleven states are rolling out Environmentally Sound fleets

(Newser) - School buses, usually in the slow lane, are passing automobiles by when it comes to converting to plug-in hybrid power, says the Christian Science Monitor.  While plug-in hybrid cars are still a few years off,  the buses are already rolling off assembly lines, and 19 have been ordered... More »

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GOP Insiders Nuke Global Warming

87% of Republicans on the Hill don't believe in climate change. The rest have a solution: nuclear power

(Newser) - The more powerful the evidence for global warming becomes, the more skeptical hard-line Republicans appear to be. Resistance to the case against greenhouse gases is hardening into conservative dogma, Jonathan Chait writes.  Last year, 23 per cent of Congressional Republicans said they believed humanity’s contribution to global warming... More »

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climate change energy environment Republican Al Gore nuclear power greenhouse gases global warming energy industry

10 Stories