Kern Gusher Blog

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  1. California Jobs.JPEG-0c25f.JPG

    Jobless rate in Kern up to 11.1 percent for March

    BY JOHN COX The Bakersfield Californian
    Friday, Apr 17 2015 04:10 PM

    A steep loss in seasonal farm employment erased cumulative hiring gains in services, health care and education as Kern County's unadjusted jobless rate edged slightly upward in March to 11.1 percent, the state reported Friday.

    Statewide, unemployment rate declined on a seasonally unadjusted basis, from a revised 6.8 percent to 6.5 percent in March. The national rate dropped as well, from a revised 5.8 percent in February to 5.6 percent, stated on an unadjusted basis.

    The number of people working in Kern agriculture last month fell by 8,800, or 17.4 percent. Year over year, the total was down only 1.6 percent from March 2014, according to numbers posted by California's Employment Development Department.

  2. Gaurdie E. Banister Jr. President and CEO, Aera Energy LLC  photo IMG_93....jpg

    End of an ‘Aera’ as CEO of oil company set to change

    The head of Bakersfield-based Aera Energy LLC is stepping down this summer after leading one of California’s biggest oil producers for more than seven years. Gaurdie Banister Jr., who is among Kern County’s most prominent black...

  3. alon_1_fa.JPG

    Alon stock deal won't impact Bakersfield refinery for at least one year

    A stock transaction announced this week will give a Tennessee-based company a 48 percent stake in the ownership of the refinery on Rosedale Highway, but the deal is not expected to have any immediate effect on plans to upgrade the plant....

  4. Vons_tab-.jpg

    Two local Vons stores set to close next month

    Two Bakersfield supermarkets -- the Vons stores on Olive Drive and Stine Road -- will close within about a month as part of a cost-cutting measure following the acquisition of their parent company by Idaho-based Albertsons LLC. Neither...

  5. HomeSales.JPG

    Have home sales upended economic theory?

    Basic economic theory says a commodity’s price should increase if demand for it grows and supply shrinks. So why didn’t Bakersfield home prices rise last month? Maybe local real estate isn’t that simple. According to a preliminary report...

  6. Local oil producer wins long-running legal case against neighboring company

    A Bakersfield oil producer has prevailed against a much larger company in a three-year legal battle centering on alleged misuse of materials used to plug underground fissures. Pace Diversified Corp. was sued in 2011 by Santa Monica-based...

  7. HECA-2.JPG

    HECA chief: We're down but not out

    Hydrogen Energy California has had problems lately, but it would be premature to terminate the $4 billion clean-coal plant proposed for eastern Kern County, the project's top executive said this week in an email to regulators and potential...

  8. malkin_fa.JPG

    Worth noting in business: LoLo's Boutique plans big sale before closing

    LoLo's Boutique is closing after operating for 14 years as the "sister store" of Christine's, a Brighton retailer founded in 1949. The closure, roughly coinciding with the expiration of the store's lease at the Stockdale Fashion Plaza...

  9. maserati_1_fa.JPG

    Is Bakersfield ready for Maserati? Apparently so

    Maserati has planted its iconic trident on the Bakersfield auto mall, giving a city better known for its love of trucks and SUVs the Central Valley’s first dealership devoted exclusively to the Italian luxury carmaker. Launched by a...

  10. Young oil engineers share work insights with students at BC

    Civil engineer Roshani Patel thought she would be designing bridges and roads by this time in her career. Instead, she's responsible for testing about 70 oil wells in eastern Kern County. Does that mean she's disappointed, that she regrets...

  11. Farmers back bill to subsidize biomass plants

      Local farmers are adding their support to legislation that would divert revenue from California’s cap-and-trade program to biomass plants that generate power by burning agricultural and urban green waste. Last month the Kern County...

  12. more_rings_ab.JPG

    Is Pyrenees French Bakery on the block?

    Unless Kern County has another landmark bakery specializing in sourdough and sweetdough breads, it looks like Pyrenees French Bakery is up for sale. An advertisement in the business section of Thursday's Los Angeles Times said an unnamed...

  13. Two Coco's, one Carrows close in Bakersfield

    Two of Bakersfield's three Coco's Bakery Restaurants closed Friday, along with the city's only Carrows, as part of a series of cutbacks under new corporate ownership. The Coco's at 7985 Rosedale Highway will remain open, an employee said,...

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