BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Bank Failures Begin Again]]>http://www.bloggingstocks.com/2010/01/16/bank-failures-begin-again/http://www.bloggingstocks.com/2010/01/16/bank-failures-begin-again/http://www.bloggingstocks.com/2010/01/16/bank-failures-begin-again/#commentsFiled under: ,

After seeing the number of bank failures tick up to 140 last year, there's some slight comfort in seeing the annual total only reach four. The feeling of relief disappears, of course, when you realize that we're only two weeks into 2010. The effects of the late 2008 financial crisis are still with us, as three small banks learned this week -- in Illinois, Minnesota and Utah. As expected, the 2009 trend continues. The Federal Deposit Insurance Corporation's takeover of the banks follows the closure of the much larger Horizon Bank in Bellingham, Wash., the week before.

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Bank Failures Begin Again originally appeared on BloggingStocks on Sat, 16 Jan 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banking sectorBarnes Bankingcommunity banksFDICFederal Deposit Insurance CorporationHorizon Bankillinoisinthenewsminnesotareal estate marketUtahSat, 16 Jan 2010 09:40:00 EST<![CDATA[Unconventional oil, unconventional challenges]]>http://www.bloggingstocks.com/2007/11/12/unconventional-oil-unconventional-challenges/http://www.bloggingstocks.com/2007/11/12/unconventional-oil-unconventional-challenges/http://www.bloggingstocks.com/2007/11/12/unconventional-oil-unconventional-challenges/#commentsFiled under: , , , , , ,

Rising global demand for oil, combined with geological studies that predict that global oil production derived from conventional oil supplies will begin to decline late in this century, or as early as 2040, has led to a search for unconventional oil supplies.

Further, a large amount of that unconventional oil exists in the form of tar sands in Alberta, Canada, the bitumen of which is capable of producing 1.7 billion barrels of synthetic crude. Moreover, if just 10% of this field is actually recoverable, it would still represent the second largest oil reserve in the world.

But, as writer Elizabeth Kolbert outlined in an article on unconventional oil in this week's issue of The New Yorker magazine ("Unconventional Crude"), extracting that resource comes at a price: it's more expensive to extract -- about $1 of energy is needed to generate $3 of unconventional oil -- more CO2 is also released into the atmosphere than from conventional oil, and mines dug to secure the material scar the landscape, if not fully restored.

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Unconventional oil, unconventional challenges originally appeared on BloggingStocks on Mon, 12 Nov 2007 14:52:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CanadaChevronclimate changeColoradoConocoPhilipsCOPCVXenvironmentExxonMobilKolbertoilOPECRDS.BRoyalDutchShellshaletar sandsUtahVenezuelaXOMMon, 12 Nov 2007 14:52:00 EST