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Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Dubai Plans to Revive Pearl-Produced Past as Popularity Rises
Dubai plans to revive its pearl- producing past by restoring the industry that once was a mainstay of the economy before oil fuelled the emirate’s present-day wealth.
The Dubai Multi Commodities Centre is in negotiations with partners from Australia and Japan to cultivate pearls anew in the sheikhdom, Tawfic Farah, executive director for Diamonds and Coloured [...]
