Topic – Energy
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150 years of oil
Wired marks the anniversary
150 years ago on August 27th, Colonel Edwin L. Drake first successfully pulled petroleum out of the ground.
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Spot crude oil, natural gas prices
Oil steady, gas down
The average price of crude oil stayed above $60 per barrel in July, while natural gas remained low, according to a GHP Economic Indicators update.
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12 month consumer price index data for Houston, nation
Core inflation at 2.3% in '09
Excluding volatile food and energy costs, inflation in '09 - both nationally and in Houston - is slightly above what the Fed reputedly considers comfortable.
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US crude oil prices average above $60 for past six weeks
Even while demand is reduced
Spot crude oil prices have remained relatively high since May, above what would be expected in light of current supply and demand, according to the EIA.
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2009 nonresidential electricity usage still lower
Decline may be slowing
May data from the CenterPoint service area indicates that the deceleration in nonresidential energy use in 2009 may be slowing a little.
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Climate bill passes House
Senate is next
The American Climate and Energy Security Act (ACES) would establish a cap-and-trade program for greenhouse gases, reducing emissions 17 percent by 2020.
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Houston reports fewer air passengers, takeoffs, and less freight
Decline follows service cuts
The Houston Airport System recorded declines in several measures of air traffic for the first five months of this year, including a 17 percent drop in freight.
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Employment estimates for Houston, nation
Highest unemployment in 6 yrs
GHP says that the Houston economy is "fundamentally sound," and is still faring better than the nation in terms of job losses and unemployment.
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May inflation figures for Houston area, nation
In Houston housing rose 4.8%
Falling energy costs since last May resulted in a lower overall cost of consumer goods, but core inflation fell within an "acceptable" range, says a GHP update.
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