Thursday, May 24, 2012
1. Yesterday we saw the first big sign of a bottom in stocks
 
2. More evidence a long-term bottom in gold and commodities could be forming now
 
3. A rare thing happened to gold and silver this week
 
4. Why the government doesn't really want you to drive a fuel-efficient car
 
5. These charts say gold is set to outperform stocks again
 
This area is becoming the new "hot spot" for U.S. oil production
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Thursday, February 02, 2012
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From Carpe Diem:

Reuters reports that the shale oil-rich area of Texas known as the Eagle Ford is quickly becoming the country's new hot spot for oil, and could rival production in the Bakken region of North Dakota within a few years:

"Over the past two years, some 30 companies have moved in to a shale prospect in South Texas called the Eagle Ford that could add 420,000 barrels per day (bpd) to U.S. crude oil production, nearly matching the output of OPEC member Ecuador.

The first phase of this latest boom has accelerated over the past year. Companies have hastened development of the estimated 3 billion barrels of shale oil across Eagle Ford by bringing in the horizontal drilling and hydraulic fracturing techniques that opened up North Dakota.

Eagle Ford output has risen from nil two years ago to...

Read full article...

More on energy:

How the United States could "become rich" again

Casey Research explains the facts about natural gas and oil fracking

Forget pipelines and offshore drilling... U.S. energy policy is even worse than you realize

Topics: Energy | Unemployment | Economy
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