WASHINGTON, July 14 (Reuters) - U.S. President Barack Obama will say in Michigan, a state hard-hit by the downturn in the car industry, that some auto industry jobs that have been lost will not be returning. "(The) hard truth is that some of the jobs that have been lost in the auto industry and elsewhere won't be coming back," Obama will say, according to prepared remarks released by the White House. I said this years ago, read about it in my Auto Blog, at the top of the page.
North Dakota could have a huge new oil fieldBISMARCK, N.D. (AP) - Dozens of fruitful wells beneath the rich Bakken shale in North Dakota continue to fuel a hunch among oilmen and geologists that another vast crude-bearing formation may be buried in the state's vast oil patch. Lynn Helms, director of the state Department of Mineral Resources, said recent production results from 103 newly tapped wells in the Three Forks-Sanish formation show many that are "as good or better" than some in the Bakken, which lies two miles under the surface in western North Dakota and holds billions of barrels of oil. "I think it's a big deal and we're pretty fired up about it," Helms said. Denver-based Whiting Petroleum Corp. has drilled two wells in the Three Forks formation, with one that recorded more than 1,000 barrels of oil a day, said John Kelso,a company spokesman. This will not make the little green people happy. |
1 comment:
I knew there was a reason you stayed under 1 million a year.
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