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"If we listen to OPEC's numbers, the oil markets are oversupplied by a million barrels per day. In order to defend higher oil prices, OPEC hawks have already started to call for a cut in production."(8/26/08)  
- Energy and Capital
"Oil is well above its major support at $99.50, but if oil now stays above $112.80, this major support is unlikely to be tested. Oil could rise to the $129 level and it would still be vulnerable for the time being." (8/27/08)  
- The Aden Forecast

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Aug 28, 2008

Just a Correction?

China Overtakes UK in List of Most Attractive Countries for Renewable Energy Investment
By contrast with the UK China met its expected renewable capacity of 5GW by 2010 three years early, and Ernst & Young expect its 2020 target of 30GW to be exceeded. The top three places in the table were unchanged – the US is still the most attractive country for investment in renewables followed by Germany, which set out a comprehensive feed-in tariff framework in a short space of time, and India. - citywire.co.uk 08/27/2008

Crude Rises on Storm Jitters, Drop in U.S. Supplies
Natural-gas futures climbed as much as 6%, leading broad gains across the energy sector. Crude for October delivery rose $1.64 to $117.94 a barrel on the New York Mercantile Exchange. It traded as high as $119.55 earlier. - MarketWatch 08/27/2008

Natural Gas and Crude Part Ways
In the U.S., natural-gas futures trade at the steepest discount to crude oil in the past 18 years, according to CIBC World Markets. Crude closed Tuesday at $116.27 a barrel, or $20.05 per million BTUs on an energy-equivalent basis, while gas settled at $8.278 per million BTUs, or 41% of the price of oil. - wsj.com 08/27/2008

Risks and Rewards in Russia
Today, Russia no longer fuels the imagination of spy thriller writers or space race enthusiasts, but is popping up on investor radars due to the country's attractive investment prospects. - investorschronicle.co.uk 08/21/2008


What's new on The Energy Report.
In the News has the latest on investing in nuclear, fossil, renewable and alternative energies, and our Uranium Directory, has a definitive list of uranium explorers, developers, producers, enrichers and utilities worldwide. Find out more about what industry experts such as Dr. Michael Berry are saying.

VIEW ALL NEWS   EMAIL THIS PAGE

     Alberta Star Development

     Aspen Exploration Corp.

     Bluerock Resources Ltd.

     Crosshair Exploration & Mining

     Eurocontrol Technics Inc.

     Galway Resources

     Laramide Resources Ltd.

     Powertech Uranium Corp.

     Primeline Energy Holdings Inc.

     Sun Cal Energy Corp.

     Torrent Energy Corporation

     Unbridled Energy Corporation

     UNOR Inc.

     Valcent Products, Inc.

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Crosshair Exploration & Mining (CXX:TSX.V, CXZ:AMEX, CXX:TSX) "Updated NI 43-101 compliant resource from the CMB Project in Labrador with resources Indicated of 6.92 tonnes grading 0.034% U3O8 for 5.13 M lbs U3O8, and Inferred of 8.17 tonnes grading 0.04% U3O8 for 5.82 M lbs U3O8." (8/14/08)  
- Junior Mining Weekly
"Crude inventories fell by 0.2 mmbbl versus expectations for a build of 1.1 mmbbl." (8/27/08)  
-ALAN KNOWLES, HAYWOOD SECURITIES
Crosshair Exploration & Mining (CXX:TSX.V, CXZ:AMEX, CXX:TSX)"With its latest resource update, Crosshair continues to assert itself as a significant uranium explorer. With several deposits that are wide open to expansion, continuing to add pounds is likely to be the primary share price driver in the coming months." (8/10/08)  
- Dundee Securities Corporation
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