Fairway Energy Partners is drilling to a cavern 2,000 feet underground and plans to pump it full of 11 million barrels of oil. The project is one of many in Texas and around the globe that has sprung up to house the overwhelming supply of oil. Source Houston Chronicle
Interior Minister Matteo Salvini on Saturday dismissed ratings agency Moody’s decision to downgrade Italy’s credit standing because of the government’s controversial budget plans and said the country’s outlook was “stable.” Source The Local
The Italian Ministry of the Interior, Matteo Salvini, announced on Saturday that Italian police officers would be sent to patrol the French border to prevent the French sending migrants over the border, after protesting against an episode on Friday in Clavière, despite being described as routine by France. Source Le Figro
Sanctions are forcing Russia to find alternative settlement currencies to the US dollar to ensure the security of the country’s economy, according to President Vladimir Putin.“We are moving to the de-dollarization of the economy. We are doing so not because we want to undermine the dollar, but because we want to ensure our security. We are constantly facing sanctions, they do not give us the opportunity to work in dollars,” Putin said on Thursday at the Valdai Discussion Club meeting in Sochi. Source RT
