Archive for May, 2008

Think gas prices are high Try $11 in Turkey

Friday, May 30th, 2008

and hard-to-reach places that drive up shipping costs. In Europe and Japan, for example, high taxes have made drivers accustomed to staggering gas prices. As a result, plenty of European adults never…

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Dominican Rep. buys Shell refinery stake

Friday, May 30th, 2008

SANTO DOMINGO, Dominican Republic (AP) — The Dominican Republic has bought out Royal Dutch Shell PLC's share of a jointly owned oil refinery in a bid to stabilize fuel prices, the government said Fri…

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Flagship Energy Inc. Announces Filing of its First Quarter 2008 Interim Financial Statements

Friday, May 30th, 2008

CALGARY, May 30 /CNW/ – Flagship Energy Inc. (“Flagship”) today filed its Interim Financial Statements for the three months ended March 31, 2008 and Management Discussion and Analysis. A copy of Fla…

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Terrawest commits to drilling of up to 3 CBM wells in its Junggar Liuhuanggou PSC

Friday, May 30th, 2008

TSX.V Symbol: PTR VANCOUVER, May 30 /CNW/ – Terrawest Energy Ltd. (TWE), is pleased to announce it has committed to drilling 3 exploratory test wells to evaluate coalbed methane resources (CBM) on…

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CORRECTED – Point Thomson oil needed first, not gas: Alaska

Friday, May 30th, 2008

… consultant who presented the findings at a public meeting on the gas pipeline. Geologic modeling recently completed by the state Division of Oil and Gas …

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Point Thomson oil needed first, not gas: Alaska

Friday, May 30th, 2008

Even with a decades-long lag in tapping Point Thomson’s natural gas, the proposed pipeline to send product to Lower 48 markets remains highly profitable for …

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Getting Oil From A Stone

Friday, May 30th, 2008

Energy: Exxon Mobil's CEO says his energy company's “corporate social responsibility” is to produce more energy. While Congress wants to tax oil profits, he wants to spend them to fi…

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Lawmakers need to speak up if they oppose gas line deal

Friday, May 30th, 2008

… them to ship the gas through someone else’s pipeline. The oil companies, through the principles of economics and the existence of valid gas leases, …

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Speculation — but Not Manipulation

Friday, May 30th, 2008

Secretary General Abdalla El-Badri also has stressed the role of traders in driving prices higher. When oil jumps as much as it has, doubling since May, 2007, it's natural to assume that somethin…

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Indonesia’s OPEC pullout, ‘reasonable’

Friday, May 30th, 2008

On Wednesday, Indonesia announced plans to withdraw from the Organization of Petroleum Exporting Countries because of a continuing decline in its oil …

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