Posted by Traveling Salesman at 8/1/2011 9:58 PM
On the fasteners news site, Global Fastener News, I read today that Cardinal Fastener is operating again but, for now, with a much smaller crew. Additional funding is being sought to increase production and continue operations. To me, that is a good thing. I never like seeing a domestic fastener manufacturer cease operations, so this is a very positive development. Good luck to the folks there.
Then, while eating dinner tonight at a restaurant, the television had on the show, “Cramer’s Mad Money”. I might have the name wrong but I’m pretty sure you know the show. Cramer was interviewing the CEO from Chesapeake Energy and they were discussing the Utica Shale. According to Geology.com, “the Utica Shale might host the world’s largest single accumulation of natural gas confined in a single rock unit”.
Here is another news article on the Utica Shale from Marketwatch:
http://www.marketwatch.com/story/chesapeake-ceo-utica-shale-land-worth-up-to-20b-2011-07-29
