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Environmental Integrity Project to sue Mirant
A nonprofit group plans to sue Mirant Corp. for burning dirty oil and failing to control pollution at its power plant in southern Prince George's County.
bizjournals

Doral Energy Corp.: Doral Energy Re-Structures Hedge on Price of Crude, Alters Drilling Plans
MIDLAND, TEXAS (MARKET WIRE) Doral Energy Corp. (OTCBB: DENG) ('Doral' or 'the Company'), an oil and gas production and exploitation company, today announced that it has taken steps to strengthen near-term cash flow and decrease planned drilling expenditures for Q1 and possibly Q2 of 2009 in light of the current depressed commodity pricing environment.
Marketwire.com

Colleges convert cooking oil into biodiesel fuel
Forgive the students at Sinclair Community College if they get the munchies when they pass the tractors that cut grass, blow leaves or sweep snow on campus: Oil that once cooked french fries and onion rings is being used to power the vehicles.Students have begun making biodiesel fuel by converting used cooking oil from the dining hall. Biodiesel saves the school a little money on gasoline, gives the students lessons in engineering and chemistry, and removes oil from the waste stream.'It ends up as a product that is more friendly to the environment. And we're teaching with it,' said Woody Woodruff, director of facilities at the 65-acre campus.
topix.net

Is Libya Going To Boot U.S. Oil Companies?
Muammar Gaddafi looks ready to launch a new round of energy-sector nationalism.
Forbes

Exxon finds oil near massive Brazilian fields
Exxon has told Brazilian officials it discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80 billion barrels of oil.
topix.net

OPEC`s supply cuts won`t boost prices, says Deutsche Bank
Deep supply cuts by OPEC members may not stop oil prices from falling further, Adam Sieminski, chief energy economist for Deutsche Bank, told Reuters. OPEC's efforts to pare production are 'coming in better than early expectations' but the exact amount of crude that must be cut to stabilize prices remains a guessing game, he said. OPEC's previous efforts to cut output to stabilize prices have had limited effect, he noted.
AME Info

Alberta oil firms cut distributions, spending
Companies in Alberta's oil patch are hunkering down to ride out the recession, cutting their distributions and capital spending in order to keep their financial houses in order.
topix.net

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