Mid City move: Red Stick Spice Co. in Bocage, closed Sunday and will reopen on Wednesday at its new Mid City location at 660 Jefferson St., in the strip center home to MJ’s Cafe and Reginelli’s Pizzeria, among others. Anne Milneck, chef and proprietor, says the decision to move to came after the Red Stick Spice Co. participated in Mid City’s White Light Night, an art hop event that takes place in the neighborhood. “We participated for three years and that’s when the Mid City bug bit us,” Milneck says in a prepared statement. “We want to be a part of the a neighborhood and participate in a neighborhood activities.” Milneck says the lease at Red Stick Spice Co.’s current location is up. “The Bocage neighborhood is good to us,” she says. The new location will include an expanded tasting bar and space for cook demos, but Milneck says Red Stick Spice Co. won’t embark on the demos just yet.
Thinking positive: In a sea of business pessimism, JP Morgan Chase economist James Glassman can present an island of optimism. The Advertiser reports Glassman, senior economist, says that energy prices may “creep up” some over the next year, enough to bolster employment in the oil and gas industry. JPMorgan Chase surveyed executives from middle market (annual revenues of $20 million to $500 million) and small market (revenues of $100,000 to $20 million) companies nationally in January and February and results suggested “positive expectations” for this year. But perceptions varied, the study suggests. Business leaders saw challenges abroad, but opportunities at home, Glassman says. In Louisiana, pessimism abounded. Read the full story.
One thing leads to another: Lower prices and less drilling will mean almost $100 billion less in midstream investment over the next two decades, according to an analysis by an industry group. As FuelFix.com reports, the U.S. and Canada will require a total $546 billion in gas, oil and natural gas liquid infrastructure investment between 2015 and 2035, or about $26 billion annually, according to the Interstate Natural Gas Association of America. The recent analysis revised downward a 2014 study by the group that forecast $30 billion in investment each year, or a total of more than $640 billion over 2014 to 2035. We saw a need to reexamine infrastructure needs in light of significantly lower commodity prices,” says INGAA President Don Santa in a statement. The most recent analysis offered both an optimistic and a worst-case scenario view of the markets through 2035. Read the full story.
