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"Exxon Reaches Arctic Oil Deal With Russians"

"MOSCOW — Exxon Mobil won a coveted prize in the global petroleum industry Tuesday with an agreement to explore for oil in a Russian portion of the Arctic Ocean that is being opened for drilling even as Alaskan waters remain mostly off limits.

The agreement seemed to supersede a similar but failed deal that Russia's state oil company, Rosneft, reached with the British oil giant BP this year — with a few striking differences.

Source: NY Times, 08/31/2011

"U.S. Offers Key Support to Canadian Pipeline"

"The State Department gave a crucial green light on Friday to a proposed 1,711-mile pipeline that would carry heavy oil from oil sands in Canada across the Great Plains to terminals in Oklahoma and the Gulf Coast."

Source: NY Times, 08/29/2011

"U.S. Ethanol Exports To Surpass Brazil This Year"

"Lax trade restrictions and high sugar prices should allow the United States to overtake Brazil in ethanol exports during the second half of 2011, the U.S. Energy Information Administration said on Wednesday.

During the first five months of 2011 U.S. ethanol exports more than doubled from the same period last year, the EIA said.

Source: Reuters, 08/26/2011

"Geologists Sharply Cut Estimate of Shale Gas"

"WASHINGTON — Federal geologists published new estimates this week for the amount of natural gas that exists in a giant rock formation known as the Marcellus Shale, which stretches from New York to Virginia.

The shale formation has about 84 trillion cubic feet of undiscovered, technically recoverable natural gas, according to the report from the United States Geological Survey. This is drastically lower than the 410 trillion cubic feet that was published earlier this year by the federal Energy Information Administration.

Source: NY Times, 08/26/2011

"U.S. Green Groups Write Obama To Oppose Oil Pipeline"

"Ten U.S. environmental groups came out in support of hundreds of protesters arrested at the White House since Saturday for opposing a proposed $7 billion pipeline that would greatly expand imports of crude extracted from Canadian oil sands."

Source: Reuters, 08/25/2011

Official: U.S. in Early Talks About Int'l Nuclear Leasing Arrangements

"Department of Energy officials have spent weeks trying to knock down reports that they have been interested in building a nuclear waste repository in Mongolia.

Now, the Obama administration is going a step further, disclosing that what DOE hopes to do is 'lease' uranium from other countries, then return the spent fuel to the originating country.

Source: Greenwire, 08/24/2011

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