New Oil? Praise the Lord!!!

Chevron found new oil reserves off the coasts of Texas and Louisiana. This may, in fact, dwarf the reserves in Alaska. The oil reserves may be the biggest find in 38 years. However, the deposits are years away from production. Furthermore, finding more oil does not mean we should stop looking for alternative fuels sources and types. This only heightens the need to develop different methods since finding new desposits is a rare event. It will only become rare as peak oil runs its course.

Japan can breathe easier. Princess Kiko has given birth to a son. He weighed in at only 5.6 lbs. and had to be delivered by caesarean section but the hospital claims he is healthy. Up till now, there had been discussion of changing succession laws in Japan to enable Princess Aiko, the neice of the Princess and her husband, Prince Akishino. Her husband is second in line to the throne behind his elder brother, Crown Prince Naruhito. The new Prince is third in line.

Samir Shehadeh's car was blasted by a bomb controlled by remote near the Southern Lebanese city of Sidon. He is an intelligence official who was investigating the death of Prime Minister Rafik Hariri early last year. Four of his aides and bodyguards were killed.

An Indian official announced that Billoo Gujjar of the Islamic separatist group Hizbul Mujahedeen was killed in KIasmir, specifically, the Udhampur district. He was killed in the Indian controlled section of Kashmir and there was an estimated $12,000 reward on his head.

A man by the name of Christian Nielsen was arrested after a killing spree that left four dead over the weekend in Maine. The cook killed an Arkansas man and then, two days later, killed a bed-and-breakfast owner, her daughter and her daughter's friend. He later dismembered the man and burnt his remains in the woods.

Felipe Calderon has finally been declared the winner of Mexico's hotly contested July 2nd election. Lopez Obrador, his opponent, objects to the ruling. Obrador's supporters lit fireworks and wept as the decision was announced. Many claim there is corruption.

On this day in 1666, London caught fire. Despite 10,000 buildings being burned, only 16 people perished.

On this day back in 1972, the terrorist group "Black September" took Israeli athletes hostages during the Munich Olympic Games. They later were killed 9 during a rescue attempt. Two of the total 11 died at the beginning of the massacre. Of the eight terrorists themselves, five were killed while the remaining three were captured. A German police officer was also killed during the massacre.