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Editorial: Ethanol’s new rescue cry
Every time fuel ethanol blows off its economic moorings, as state-sponsored energy always does, Congress obliges with new support.
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Saudi Arabia, UAE promote energy from sun and wind
It would seem unlikely that the Persian Gulf region, so commercially dependent on fossil fuel production and exportation, would lead the world’s search for the 21st Century’s energy source.
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OPEC aims at full compliance with existing quota
The Organization of Petroleum Exporting Countries, noting signs of market strengthening, agreed in a Mar. 15 meeting in Vienna to seek full compliance with a quota cut announced in December.
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OPEC oil exports at 5-year low, analyst says
Seaborne oil exports of the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, will fall to a 5-year low in the four weeks to Mar. 28, according to analyst Oil Movements.
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Russia declines OPEC membership; offers alternative
Russia has proposed sending a permanent envoy to the Secretariat of the Organization of Petroleum Exporting Countries in an effort to coordinate policies, again declining membership in the group.
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Watching The World: Algeria deserves a tax break
Algeria’s energy minister Chakib Khelil recently urged gas-consuming nations to rethink their tax policies if they are to remove barriers and encourage imports (OGJ, Mar.
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Worldwide oil, natural gas deal value plunges
The total transaction value for worldwide upstream corporate and asset deals plunged to $104 billion in 2008 compared with an annual average of nearly $160 billion during 2005-07, consultants said in an annual report.
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MMS, BLM must clarify lease policies, acting IG says
Federal oil and gas leasing programs could do more to encourage leaseholders to move more aggressively toward production, the US Department of the Interior’s acting inspector general told a congressional subcommittee on Mar. 17.
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MMS Lease Sale 208 attracts $703 million in high bids
Apparent high bids totaling just over $703 million were offered for 348 tracts in the central Gulf of Mexico at Lease Sale 208, reported the US Department of the Interior’s Minerals Management Service Mar. 18 in New Orleans.
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Watching Government: Independents begin long haul
The opportunity was too tempting to resist.
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Ethanol supporters petition EPA to raise gasoline blend level limits
Ethanol supporters petitioned the US Environmental Protection Agency to raise the limit on the amount of ethanol blended into gasoline to 15% from 10%.
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HYDRAULIC FRACTURING—1: Natural fractures influence shear stimulation direction
Hydraulic fracturing in the presence of natural fractures causes a complex network of fractures to form because of shear and tensile failure.