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Gold/Mining/Energy : EFCR - Energy Producers, Inc. (Firecreek) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (177)	9/15/2005 9:07:40 AM
From: Tadsamillionaire	Respond to of 841

Jobless Claims, Energy Prices Both Soar Thursday September 15, 9:01 am ET By Martin Crutsinger, AP Economics Writer Jobless Claims Rise to Largest Amount in Nearly a Decade on Katrina; Energy Prices Soar WASHINGTON (AP) -- A total of 68,000 Americans lost their jobs due to Hurricane Katrina and filed for unemployment benefits last week, shoving these applications up by the largest amount in nearly a decade.Meanwhile, consumer inflation surged by 0.5 percent in August as energy prices shot up by the largest amount in more than two years, even before Katrina hit at the end of the month. The hurricane caused a further spike in energy prices due to widespread shutdowns of oil and natural gas facilities in the Gulf Coast region. Analysts have predicted that Katrina, the country's worst natural disaster, will trim economic growth by as much as a full percentage point in the second half of this year and cost around 400,000 jobs. While they do not believe that storm-related disruptions will be enough to push the country into a recession, they caution that this forecast could be proven wrong if energy prices keep soaring, triggering significant cutbacks in spending by consumers in other areas. biz.yahoo.com