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Exxon`s M&A inaction puzzles analysts
With oil prices now on their way up again, analysts begin to wonder whether Exxon has any intention of making material purchases
FT

EPA Urged to Act on Climate, Not Wait for Congress - Truthout.com
Arlington, Virginia - The Environmental Protection Agency should not wait for Congress before taking steps to control the gases blamed for global warming, supporters of federal greenhouse-gas regulation said Monday. The EPA hearing is the first of two public forums on the agency's April finding that concentrations of carbon dioxide and five other greenhouse gases in the atmosphere pose dangers to human health and welfare - and that emissions from new motor vehicles and engines are contributing to the problem. Thread more
NewsRack

China bolsters Brazil trade ties
Two-day trip to Beijing headed by Luiz Inácio Lula da Silva, Brazil's president, results in a host of agreements around oil supplies and chicken and beef imports, boosting the countries' trade partnership.
FT

Auto Officials Worry About Profits Under New Rules
Auto executives say they aren't sure whether consumers will actually want to buy the fuel-efficient cars President Obama wants manufacturers to build. They say whether they can succeed under the new fuel-efficiency standards hinges on the future price of gas.
NPR

Weekly Commodity Price Report
Crude oil prices hovered around US$58 per barrel last week.
IB Times

Arcan Resources Ltd. Announces First Quarter 2009 Results
CALGARY, ALBERTA--(Marketwire - May 19, 2009) - Arcan Resources Ltd. (TSX VENTURE:ARN) ('Arcan' or the 'Company') announces today the filing of its first quarter 2009 financial statements and management's discussion and analysis. These documents can be retrieved electronically from the SEDAR system under Arcan's profile at www.sedar.com. FIRST QUARTER 2009 HIGHLIGHTS - Drilled and tied in one (0.5 net) successful exploration gas well in the first quarter of 2009; - Received Good Production Practices ('GPP') approval on the GG pool in Hamburg, converted one well to an injector, installed two pump jacks and constructed light vehicle all season access;
Market Wire

Anadarko CEO: LNG holding down natural gas prices
Anadarko Petroleum Corp. Chief Executive Officer Jim Hackett said he sees headwinds for natural gas prices in part because of increased liquefied natural gas supplies.
Houston Chronicle

TSX up more than 300 points as oil prices soar
Stocks in Toronto enjoyed a rise of more than 300 points on Tuesday, while U.S. markets saw small gains.
CBC

EnerVest Energy and Oil Sands Total Return Trust Announces May 2009 Distribution
CALGARY, ALBERTA--(Marketwire - May 19, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF america. EnerVest Energy and Oil Sands Total Return Trust ('the Fund') (TSX:EOS.UN) today announced the May distribution of $0.0417 per unit. The record date for this distribution is May 29, 2009 and the payment date will be June 15, 2009. The ex-distribution date for this payment is May 27, 2009. The Fund is a closed-end trust investing in businesses involved directly and indirectly in the Canadian oil sands and traditional oil and natural gas royalty trusts.
Market Wire

Green "gold rush" seen in new U.S. auto standards - Reuters
DETROIT (Reuters) - The tough U.S. fuel economy standards announced by President Barack Obama on Tuesday represents a bonanza for companies that supply hybrid technology and other gas-conserving components needed to meet the new benchmarks. Potential ...
Feed Digest

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November 2009
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