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U.S. markets recover from steep losses
WASHINGTON, April 11 (UPI) -- A shale formation under western North Dakota holds the biggest continuous oil deposit in the lower 48 states, the U.S. Geographical Survey has determined.
The Bakken shale formation, 10,000 feet beneath the Williston Basin, holds 4.3 billion barrels of oil, the Thursday report said.
The estimate includes what the USGS believes is recoverable using current technology.
The amount is also close to what a state survey, due April 28, will say is available, North Dakota geologist Ed Murphy told the Bismarck Tribune.
"We're in the same ballpark," Murphy said.
"This is very big news," Sen. Byron Dorgan, D-N.D., said during a teleconference with reporters Thursday, the Grand Forks Herald reported.
"I think there's going to be a lot more attention nationally and internationally to this region," Dorgan said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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