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Turns out the U.S. oil boom was just a fairy tale

2015-01-15 00:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: With one quick drop in the price of oil, the shale oil boom is officially bust. In less than a week, 61 oil rigs across the United States closed up shop, according to the most recent rig count from Baker Hughes. The U.S. has 1,750 oil rigs still hunting for new oil wells, but that number is expected to fall by another 400 rigs by the time spring rolls around. The whole episode is a wake-up call about just how much of a fairy tale North America`s oil boom really was. It was a fairy tale with real...

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Gardner's Departure a Cautionary Tale

2014-12-13 09:49:22| Grocery - Topix.net

The abrupt change of leadership at the top of Windstream appears to be a response to the recent financial struggles of a company that seemed determined to innovate its way out of its traditional staid telecom role. Jeff Gardner, who resigned this week, has headed Windstream Communications Inc. since its creation in 2006 and was leading the company through a transition to more of a business services play with a broader -- if not quite national -- footprint of cloud services and interconnected data centers.

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A tale of five goats: China Southern to Guangzhou

2014-11-22 22:25:07| Airlines - Topix.net

It's of five goats, all piled up on a rock, the biggest one with a few stalks of rice in its mouth. It doesn't get a lot of attention, the statue of five goats, and you could easily walk by without noticing it.

Tags: to china southern tale

 

History's Headlines: The tale of the Molly-Polly Chunker

2014-10-22 20:35:24| Jewelry - Topix.net

Just about anyone who has seen a Tiffany glass lamp has seen one with the dragonfly design. Although it is known today to have been largely the work of one of his female design staff, it is probable that Louis Comfort Tiffany, the great 19th art glass maker, did at least offer the inspiration.

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'Not just chocolate biscuits': Cuts tell tale of waning confidence

2014-10-20 08:47:02| Automakers - Topix.net

With growth hard to come by, many Australian companies are making cost cuts that go well beyond the chocolate biscuits in the kitchen, says CBA's Tim Rocks Photo: Natalie Boog Falling real incomes in Australia and global growth concerns are undermining corporate and consumer confidence and put at risk the government's fiscal objectives, a conference heard on Monday. A panel of experts told delegates to the Commonwealth Bank of Australia's annual Australasian Conference that the economy had been slow to recover from the end of the mining infrastructure boom and lacked any clear drivers of future growth, aside from bigger volumes of resource exports and housing construction.

Tags: confidence tale chocolate cuts

 

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