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Gas prices hold steady in western Pennsylvania
Gas prices in western Pennsylvania dropped slightly from last week, but probably not enough for most motorists to notice, according to AAA.
Bizjournals.com

Oil declines after reaching $50 a barrel
Oil prices gave up early gains as fresh signs of a deepening U.S. recession trumped tensions in the Middle East and worries over natural gas shortages in Europe.
Houston Chronicle

iTunes Scraps Copy Protection, For A Price
A Jobs-less Macworld might take some of the fire away from this week's event, but it could be a sign that Apple wants to shift the leadership burden across more of its team.
CBS News

Heritage Oil Limited: Heritage Oil Limited: Total Voting Rights
CALGARY, ALBERTA (MARKET WIRE) Heritage Oil Limited (TSX: HOC)(LSE: HOIL), an independent upstream exploration and production company, announces the following voting rights in Heritage in respect of issued shares in accordance with the Disclosure and Transparency Rules as at close of business 31 December 2008:
Marketwire.com

Gazprom`s Tactics Harsh But Its Logic Sound
The Russian gas goliath's argument that the price it charges Ukraine must rise is a valid one, based on its own costs.
Forbes

Saudi Arabia finds new oil, gas fields
Saudi Arabia said it has discovered five new oilfields and three gasfields in the Eastern Province, the state news agency SPA reported. Four of the oilfields were on land and one was offshore, Oil Minister Ali al-Naimi said in a statement. He named as the wells as Jaouf-11, Ramthan-9, Nayashen-1, Jarid-11, Jarid-101 and Khursaniya-114. In test drilling the biggest producing wells were Jaouf-11 at 2,551 barrels a day and Nayashen-1 at 2,076 bpd. [AMEInfo.com]
ameinfo.com

Mariner Energy acquires additional stake in Bass Lite natural gas field
Independent oil and gas exploration and production company Mariner Energy has acquired an additional 11.6% working interest in the Bass Lite natural gas field in the US Gulf of Mexico from Energy Resource Technology for approximately $32.6 million.
Energy-business-review.com

Calls for oil embargo against Israel`s allies fall flat
As fighting widens in Gaza, threats of an oil embargo by some in Iran and Bahrain are falling flat.
Houston Chronicle

AMD Wants to Make Small Laptops Cheaper With Yukon (PC World)
PC World - Advanced Micro Devices hopes to undercut prices of expensive ultraportable laptops with mobile chips it is expected to introduce on Tuesday.
yahoo.com

Oil price rises to $48
Oil prices rose sharply Monday as the Israeli-Palestinian conflict heightened and Iran said OPEC would hold a special meeting next month. New York's main contract, light sweet crude for February, jumped $2.47 to close at %48.81 a barrel. [AMEInfo.com]
ameinfo.com

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