The difference is that borrowing from the Fed creates new reserves for the banking system.
Higher prices will continue to stimulate the discovery of new reserves for at least another century.
Many U.S. producers of natural gas are working to develop massive new reserves in geologically tricky shale formations.
Borrowing from other banks in the Fed Funds market does not create new reserves for the banking system.
And now that it's slowing Europe has no significant new reserves to tap.
Over the last two years 65% of all new reserves worldwide were found in deep water (depths of 1, 200 feet or more).
Thus, the new reserves can be used to support additional loans.
The scale of Shell's problems, both in finding new reserves and in accounting for them appropriately, has clearly shaken its top management.
They may also point out that mergers are no substitute for finding new reserves an activity the mining giants have neglected in recent years.
Bank reserves have expanded greatly, but banks have been so traumatized that they are holding onto more of those new reserves than required by regulation.
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The price of natural gas has plummeted with the discovery of vast new reserves across North America, including in the neighbouring province of British Columbia.
Yes, there have been rumors about Libya buying gold and not declaring its new reserves for many years, but nothing has ever been substantiated.
The other big excuse is we are going to use all the money we got from the sales in order to go exploring for new reserves.
New reserves and new fortunes are being made in the Eagle Ford Shale of Texas, the Niobrara in Colorado, the Marcellus in Pennsylvania and the Woodford.
The combination of shale reserves and fracking technology has created vast new reserves that are fundamentally different than gas and oil pockets in the past, he said.
Finding vast new reserves of oil and gas in your own back yard must count as good fortune in a land as hungry for energy as America.
"There's plenty of oil, but the costs of developing major new reserves in hard-to-get-to places are 100% higher than a decade ago, " says analyst George Gaspar at Robert W. Baird.
"There's plenty of oil, but the costs of developing major new reserves in hard-to-get-to places are 100% higher than a decade ago, " says analyst George Gaspar at Milwaukee, Wisconsin investment bank Robert W. Baird.
The amount of deposit money created matches the amount of government securities taken off the market if banks fail to make use of their new reserves resulting from their new deposits, which has been the case lately.
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While demand had continued to rise, domestic producers had fallen behind in the search for new oil reserves.
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But unlike Petrobras, which has discovered huge new offshore reserves at home recently, Petronas faces declining domestic output.
They recently discovered significant new oil reserves, and we can share American technology and know-how with them as they develop these resources.
In its earnings release Chesapeake downplays the reserve impairments, preferring to talk up the 5 trillion cubic feet of new proved reserves that it added this year.
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If approved the quarry would release five million tonnes of new sand and gravel reserves.
Their family farm sits near gas reserves in New York, and they fear fracking might be allowed in the area.
It is certainly not beyond the realm of possibility that Israeli scientists and engineers could even discover new, untapped oil reserves.
Many companies from abroad are looking at whether to invest in the UK, to help us get the new oil and gas reserves out of our waters.
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