Archive for April 16th, 2008

3 to 4.3 Billion Barrels

Wednesday, April 16th, 2008

of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—

Released: 4/10/2008 2:25:36 PM READ MORE

Reston, VA - North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.

A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil.
Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources.

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Members Agree Changes Are Necessary to Increase Job Security

Wednesday, April 16th, 2008

 April 15, 2008

TEAMSTER.ORG

On Monday, April 14, carhaul Teamsters who belong to Local 299 in Detroit provided valuable input to union leaders who are negotiating the national contract, with many members agreeing that contract changes are needed to boost job security.

“This meeting at our largest carhaul local union was a good opportunity for members to let us know what’s on their minds,” said Fred Zuckerman, Director of the Teamsters Carhaul Division. “For example, the members recognize that we need to revise Article 48 so that the employers have a better chance to compete against the non-union companies. This in turn will give our members more job security and the chance to earn more money with backhauls and fuller loads.”

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