SACRAMENTO — Tapping California’s oil-rich Monterey shale using hydraulic fracturing could boost the state’s economic activity by as much as 14.3% and create hundreds of thousands of jobs, according to a new USC study.
Even before dawn breaks, workers at the lumberyard in Lynwood were bustling around, getting a move on the day. Men in yellow safety vests drove flatbed trucks stacked to the brim with planks of wood. Others were buzzing around in forklifts, ferrying more boards.
Development of oil-shale deposits through Central California using fracking and other techniques may boost the state’s economic activity by as much as 14.3 percent, a University of Southern California study said.
California’s Monterey shale, which holds an estimated 15 billion barrels of oil, has been touted as crucial to the state’s energy future and a boon to its economy. A study released Thursday tries to quantify the potential economic benefits.
WASHINGTON — Consumer spending grew at a surprisingly strong pace last month, another encouraging sign that the economy may be gaining momentum despite the hit from higher taxes and gas prices and fears of government spending cuts.
While the Bay Area economy remains robust, California has gotten stuck in a slowdown, according to the latest report from the closely watched UCLA Anderson Forecast. But it’s not time to push the panic button.
Company: CJ Foods, IncCA Net Job Gain/Loss: 50Reason: ExpandCity/Region Gaining Jobs: Fullerton, CA
Company: Bionovo IncCA Net Job Gain/Loss: -45Reason: LayoffCity/Region Losing Jobs: Emeryville, CA
SACRAMENTO — Labor and environmental groups rallied Tuesday on the steps of the Capitol to protest efforts to overhaul California’s landmark environmental law.
California’s Monterey shale, which holds an estimated 15 billion barrels of oil, has been touted as crucial to the state’s energy future and a boon to its economy. A study released Thursday tries to quantify the potential economic benefits.
Company: MetLifeCA Net Job Gain/Loss: Unknown ImpactReason: Closure, Move Out of StateCity/Region Losing Jobs: Aliso Viejo, CACity/Region Gaining Jobs: Charlotte, NCNotes: Part of national consolidation by Metlife to move 2,600 jobs to NC from variety of locations but no specific specific job loss figures provided; jobs have average salary of $82,000
Company: MetLifeCA Net Job Gain/Loss: Unknown ImpactReason: Closure, Move Out of StateCity/Region Losing Jobs: Irvine, CACity/Region Gaining Jobs: Charlotte, NCNotes: Part of national consolidation by Metlife to move 2,600 jobs to NC from variety of locations but no specific specific job loss figures provided; jobs have average salary of $82,000
Company: NorthropCA Net Job Gain/Loss: -768Reason: ClosureCity/Region Losing Jobs: Carson, CA
Company: DreamWorks AnimationCA Net Job Gain/Loss: -350Reason: LayoffCity/Region Losing Jobs: Glendale, CA
Company: Dignity HealthCA Net Job Gain/Loss: -70Reason: LayoffCity/Region Losing Jobs: San Mateo, CA