Reuters reports that the shale oil-rich area of Texas known as the Eagle Ford is quickly become the country's new hot spot for oil, and could rival production in the Bakken region of North Dakota within a few years:
For those loyal CD readers who have been asking lately for an update on the Baltic Freight Index, Dennis Gartman explains in today's The Gartman Letter why its relevance as an economic indicator has diminished to the point that it is being ignored:
John Hanger highlights a $460 million stimulus to the Florida economy this year, thanks to lower natural gas prices that prompted Florida's largest utility company to switch from oil to gas for electricity generation:
The Chicago Federal Reserve reported today that its Midwest Manufacturing Index (CFMMI) increased 1.7% in December, to a seasonally adjusted level of 87.4 (2007 = 100). Here are some highlights of manufacturing activity in the 7th Federal R
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