The authors, a mix of academic researchers and scientists for environmental groups, recommended that a moratorium on new oil exploration or development projects within the park, which sits atop substantial reserves. (dotearth.blogs.nytimes.com)
The dense green canopy of the rainforest in eastern Peru and Ecuador hides substantial reserves of oil, and over the last 4 decades a web of wells and pipelines has spread through the forest. (science.sciencemag.org)
These new counterparties were major investors of cash in overnight markets and had capacity to facilitate the «draining» of substantial reserve balances, if offered attractive term investments with the Federal Reserve. (newyorkfed.org)