The crude oil recently discovered in Uintah Basin, specifically the Duchesne Pool and Flat Mesa Pool, was found to be 40 to 50 percent wax, and after developing a process that successfully extracted the wax, M.
Today, you might be driving off for half that amount.
Oil and Gas industry has seen incredible job growth during the recession, with nearlynew jobs being attributed to domestic fracking and drilling expansion.
For many it has already begun. Thousands of recently highly paid workers have been laid off after the oil price plummeted 50 percent in At least four American oil-producing states are already facing budget problems due to decreasing oil revenues. When experienced workers lose their highly paid jobs, they stop paying their bills.
In such a scenario we could easily see widespread layoffs in an industry that currently employs over 10 million Americans. Should the price of oil remain at these levels or go even lower then a lot of major financial institutions are going to be in trouble. In a recent interview with King World NewsJohn Ing says that not only did Congress remove financial safeguards when they passed their latest budget bill, but by doing so they left America susceptible to a disaster that will make look like a dress rehearsal.
While everybody appears to be celebrating the record highs on Wall Street, we are also seeing a loss of public trust. This will certainly set off a chain reaction of problems in This time we have governments which are even more highly leveraged than the private sector was.
So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in As we saw in it can happen quickly. This time, as John Ing notes, the magnitude of the crash will be significantly worse and even the U.
Time is running short and now is the time to prepare. After the panic starts it will be too late.
Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary. Read by 44, people Date: December 29th, Website: This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.
Please contact us for permission to reproduce this content in other media formats.Comprehensive and meticulously documented facts about energy. Learn about the science of energy, the pros and cons of different energy . As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from ashio-midori.com Bermuda's costs of electricity, imported cooking gas, gasoline and oil Lack of economies of scale and huge import duties make them very costly compared to North America.
Yahoo Lifestyle is your source for style, beauty, and wellness, including health, inspiring stories, and the latest fashion trends. Archives and past articles from the Philadelphia Inquirer, Philadelphia Daily News, and ashio-midori.com Bermuda's costs of electricity, imported cooking gas, gasoline and oil Lack of economies of scale and huge import duties make them very costly compared to .