Since the dollar has not been doing so well and the US has fallen into a recession, the state and national economies will see somewhat lower overall growth largely in response to rising interest rates and high energy costs.
Expected state unemployment rates:
5.5% 2006
5.6% 2007
Manufacturing Jobs Lost in 2006-07:
8,000
Personal Income Growth:
5.3% in 2006
5.4% in 2007
Overall job growth:
1.2% in 2007
New Jobs:
35,000, 2006
34,100, 2007
tnjn
With gas rising, oil topped today at $143/Barrel which makes the average gas price At $4.086/gallon.
Well there's good news folks, I was watching CBS news tonight and found out that there's at least trillions of barrels of oil in Western Colorado.
This may take a while since all this oil is found in the mountains and Shell states it wil take about 4 years of research here before it will know if it has the answer. There is no dispute that a thousand feet below the isolated ranch country here on Colorado's western slope lie almost unimaginable oil riches. It's locked in sedimentary rock — essentially immature oil that given a few million years under heat and pressure would produce pools of oil easy to extract.
The Energy Department and private industry estimate that a trillion barrels are here in Colorado — about the same amount as the entire world's known reserves of conventional oil.
The entire Green River Formation might hold as much as 2 trillion barrels.
This new discovery of oil shale holds out the hope of a USA no longer dependent on foreign oil.
Maybe we can get our troops back out in the Middle East.
Subscribe to:
Post Comments (Atom)
POPULR POSTS
-
So recently I have been trying to get back into the music scene vs. listening to Jackson and Mason's music all day which consist of the ...
-
Found this image in Wired Magazine blog , supposedly the perfect spherical view will happen on Feb. 6, 2011. Currently, the satellites, whic...
-
Pearl is a new female emcee worth checking out. Her new visual for Always Something Else is a classy little flick, shot with help from Mat...
-
By far one of my favorite books done by Michael Dupouy who covers all the freshest designs that was put out during the year and covers a lo...
-
A future potential NBA player? Check out Jeremy Lin drop 30 pts against UConn.
-
If you're buried in credit card debt right now, don't look now. But it looks like that debt's about to get a lot deeper. Mophie ...
-
Big Anniversary Sale for our folks over in SF supporting the struggle. 50% off all tshirts - Com-Raid ( Babylon Falling is the only Com-Rai...
No comments:
Post a Comment