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 rowing costs   as long as they first ask 
for help from the eurozone's bailout fund.The purchases would lower borrowing 
costs because they would drive up bond prices up and interest yields 
down, since prices and yields move in opposite directions. Governments could 
then take advantage of those lower yields when they sell bonds to 
pay off old bonds that are coming due.The ECB has actually bought 
no bonds under the offer. The mere fact that the offer exists, 
however, affected the bond market and lowered borrowing costs for countries 
such as Spain and Italy.CHEAP LOANS TO BANKS: The ECB made an 
unlimited amount of cheap, three-year loans available to banks on two occasions. 
In December 2011, 523 banks borrowed 489 billion euros ($608.17 billion) 
and 800 banks borrowed 530 billion in a second operation in February 
2012.The long duration of the loans gave banks security that they would 
have the money they needed through 2015.  It eliminated market fears 
that one or more banks might collapse and thus made it easier 
for banks to borrow money and function in support of the wider 
economy.Some of the money is now being repaid by banks under a 
provision that lets them give the money back after a year.EMERGENCY ASSISTANCE: 
The ECB is allowing national central banks in troubled countries to make 
emergency loans to banks that are not eligible to borrow from the 
ECB's programs. That is because those banks don't have enough safe collateral 
such as hig
 WASHINGTON  Energy companies are lining up for their shot to drill 
in the Dakotas and Montana after a new government report revealed that 
a massive geological formation stretching across the states contains twice 
the oil and three times the amount of natural gas than was 
originally believed.While the new estimate is drawing smaller companies 
to the game, the larger players like Schlumberger, Halliburton and Continental 
Resources are pushing forward with ambitious multi-year plans to stake their 
claim in the industry.Continental recently announced a five-year plan to 
triple its production by 2017. The companys growth is based on success 
in North Dakota and Montana as well as in parts of Oklahoma.The 
dash to drill follows news from the government on how much more 
oil and natural gas there is to tap.These world-class formations contain 
even more energy resource potential than previously understood, which is 
important information as we continue to reduce our nations dependence on 
foreign sources of oil, newly confirmed Interior Secretary Sally Jewell 
said Tuesday in a statement.The new U.S. Geological Survey estimates there 
are 7.4 billion barrels of oil, 6.7 trillion cubic feet of natural 
gas and 0.53 billion barrels of natural gas liquids in the Bakken 
and Three Forks Formations in the Williston Basin Province of Montana, North 
Dakota and South Dakota. Since 2008, close to 450 million barrels of 
oil have been produced in the area and if t
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