Analysis: Stocks-oil relation looks as it did in 2008 recession

The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession. Oil and equity prices rise and fall more or less in tandem when demand and economic growth expectations dictate prices. But the short-term relationship has been turned on its head in recent weeks with investors worried that political... 

Obama Stimulus Package to Include $25 Billion for Renewable Energy

Congressional leaders together with Barack Obama’s new Cabinet are planning a $25 Billion stimulus package in order to meet the President-elect’s goal of doubling renewable energy production in the next three years, according to a report in Sunday’s Washington Post. President-elect Obama’s Cabinet favors an $8.6 billion extension... 

PPL Applies for License to Build, Operate Potential New Nuclear Unit

A PPL Corporation subsidiary has filed an application with the U.S. Nuclear Regulatory Commission for a license to build and operate a new nuclear plant under consideration near Berwick, Pa. The Bell Bend nuclear plant would be built near the company’s existing two-unit Susquehanna nuclear power plant, a facility that has been generating safe... 

Lineage Power Names Greg Fasullo Vice President and General Manager of Energy Systems

Lineage Power Corporation, a Gores Group affiliate and a trusted provider of energy-efficient AC/DC and DC/DC switching technologies, announced today that Greg Fasullo has been named vice president and general manager of the Energy Systems business unit. Fasullo will be based at the company’s Dallas headquarters and will be responsible for leading...