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Oil town hopes for a boom in jobs from California's Monterey Shale

2013-03-31 16:37:00| Climate Ark Climate Change & Global Warming Newsfeed

LA Times: The small oil town of Taft was built on petroleum -- and is now hoping for a second boom from the Monterey Shale. In a story on Sunday's front page, The Times wrote about the shale that runs miles underground through Southern and Central California. Oil companies are already drilling exploratory wells. Oil trapped in deep rock deposits in the Monterey is estimated at 15 million barrels. That's four times the amount of oil in North Dakota's Bakken Shale, which has fueled a boom that's driven...

Tags: jobs town oil hopes

 

VIDEO: GM hopes for NY auto show boost

2013-03-28 03:45:04| BBC News | Business | UK Edition

General Motors has unveiled a number of new models at the New York Auto Show as the company aims to boost its fortunes following a government bailout.

Tags: show video auto boost

 
 

Auto Companies Bring Big Hopes to The Big Apple

2013-03-27 20:23:10| Auto Dealers - Topix.net

Four years after GM and Chrysler headed to bankruptcy court in New York, the spirit in that city and the entire auto industry is very different.

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Japan discovers large quantity of rare earth, hopes to break Chinas chokehold on supply

2013-03-25 19:45:09| Extremetech

Good news! Japan has just discovered a large amount of rare earth elements in the seabed around Minami-Tori-shima island. While this is a boon to the tech field and consumers alike, this news undoubtedly comes as a disappointment for China. Turns out, that near-monopoly on rare earth materials was short lived for everyone's favorite communist state.

Tags: large japan supply break

 

PROMISES, PROMISES: Hopes on climate change action may fall short again in Obamas new term

2013-03-25 08:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: The issue: Slowing the buildup of greenhouse gases responsible for warming the planet is one of the biggest challenges the United States and President Barack Obama face. The effects of rising global temperatures are widespread and costly: more severe storms, rising seas, species extinctions, and changes in weather patterns that will alter food production and the spread of disease. Politically, the stakes are huge. Any policy to reduce heat-trapping pollution will inevitably target the main sources...

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