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        <title>OilPrice.com Daily News Update</title>
        <description>All the latest in Oil, Gas, Commodity news and analysis</description>
        <link>http://oilprice.com/</link>
        <lastBuildDate>Thu, 20 Jun 2013 02:36:03 GMT</lastBuildDate>
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            <title>US Shale Revolution, Staggering Global Potential</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/Z55mCIgdnjo/US-Shale-Revolution-Staggering-Global-Potential.html</link>
            <description><![CDATA[The US may be the only country undergoing a shale revolution, but it doesn’t have the biggest shale oil and gas reserves in the world. The global shale oil and gas potential is a staggering 345 billion barrels of oil and 7.2 quadrillion cubic feet of natural gas, according to a new report from the US Energy Information Administration (EIA). Topping the list for shale oil is Russia, with 75 billion barrels—compared to the US’ 48 billion—and China with 32 billion barrels, trailed by Argentina in third with 27 billion barrels…<p><a href="http://oilprice.com/Energy/Natural-Gas/US-Shale-Revolution-Staggering-Global-Potential.html">Read more...</a></p>]]></description>
            <author>corporate@oilprice.com (Jen Alic)</author>
            <pubDate>Wed, 19 Jun 2013 22:05:54 GMT</pubDate>
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	<item>
            <title>Can Obama Lame-Duck His Way to a Greener Future?</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/JKGZI_g2S3w/Can-Obama-Lame-Duck-His-Way-to-a-Greener-Future.html</link>
            <description><![CDATA[President Obama made a historic visit to Germany this week, sounding more like a candidate with a mandate to lead instead of a president approaching his lame-duck era. During an address to an audience frustrated with U.S. national security policies, the president said the real threat for the 21st Century was climate change. Last year&#039;s Hurricane Sandy struck the U.S. East Coast with enough strength to bring most of New York City to its knees and was said to have formed over Atlantic waters that were unseasonably warm. Obama said bold action was…<p><a href="http://oilprice.com/Alternative-Energy/Renewable-Energy/Can-Obama-Lame-Duck-His-Way-to-a-Greener-Future.html">Read more...</a></p>]]></description>
            <author>dg@oilprice.com (Daniel J. Graeber)</author>
            <pubDate>Wed, 19 Jun 2013 22:03:46 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Alternative-Energy/Renewable-Energy/Can-Obama-Lame-Duck-His-Way-to-a-Greener-Future.html</guid>
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	<item>
            <title>Angola and Brazil Work Together on LNG Production</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/I43SEa_FKW4/Angola-and-Brazil-Work-Together-on-LNG-Production.html</link>
            <description><![CDATA[Miniscule Portugal in the 15th century used its Atlantic coastline to establish a global empire, which included Brazil, Angola, Mozambique and even Macao in far-off China.Five centuries later, former Portuguese colonies are discovering trade commonalities, particularly rising petro-states Angola and Brazil.On 16 June, Angola sent its first liquefied natural gas shipment not to lucrative East Asian markets, but to – Brazil.While Brazil wriggled out from under Lisbon’s control in 1821, Angola had to wait until 1975 and the collapse of…<p><a href="http://oilprice.com/Energy/Natural-Gas/Angola-and-Brazil-Work-Together-on-LNG-Production.html">Read more...</a></p>]]></description>
            <author>admin@namecake.com (John Daly)</author>
            <pubDate>Wed, 19 Jun 2013 22:00:11 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/Angola-and-Brazil-Work-Together-on-LNG-Production.html</guid>
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	<item>
            <title>Bad News for the Anti-Fracking Crowd</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/7Tcc5RkgEu0/Bad-News-for-the-Anti-Fracking-Crowd.html</link>
            <description><![CDATA[Hydraulic fracking has been studied with a published paper showing the energy return on investment (aka EROI) with a total input energy compared with the energy in natural gas expected to be made available to end users is similar to or better than coal.North American Natural Gas Shale Areas as of 2011.The news for the natural gas industry, consumers and landowners lucky enough to get a well on their land is tremendously helpful.  It’s also a huge and crushing disappointment for the anti fracking crowd.  Hydraulic fracturing pays…<p><a href="http://oilprice.com/Energy/Energy-General/Bad-News-for-the-Anti-Fracking-Crowd.html">Read more...</a></p>]]></description>
            <author>james@pokemoncard.info (Brian Westenhaus)</author>
            <pubDate>Wed, 19 Jun 2013 21:57:22 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Energy-General/Bad-News-for-the-Anti-Fracking-Crowd.html</guid>
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	<item>
            <title>Did Global Oil Consumption Slow in 2012?</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/4YOa4ewuhJA/Did-Global-Oil-Consumption-Slow-in-2012.html</link>
            <description><![CDATA[I hate the phrase “Innocent until proven guilty.” When serial killer Ted Bundy killed his first victim, he wasn’t innocent just because a court had yet to convict him. The correct phrasing — which practically nobody uses — is “Presumed innocent until proven guilty.” Yet nearly everyone says that a person is innocent until proven guilty. Most people know what is meant when someone says this, but there is the potential for confusion.Language is important. The way we write and say things is important. I can’t…<p><a href="http://oilprice.com/Energy/Crude-Oil/Did-Global-Oil-Consumption-Slow-in-2012.html">Read more...</a></p>]]></description>
            <author>pir@oilprice.com (Robert Rapier)</author>
            <pubDate>Wed, 19 Jun 2013 21:53:36 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Crude-Oil/Did-Global-Oil-Consumption-Slow-in-2012.html</guid>
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	<item>
            <title>Ethiopia-Egypt Maneuvering Takes on “Black and White” Operational Guises</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/ZxcrZuVb15k/Ethiopia-Egypt-Maneuvering-Takes-on-Black-and-White-Operational-Guises.html</link>
            <description><![CDATA[Egypt, by mid-June 2013, had begun taking a two-pronged strategic approach — overtly diplomatic, covertly combative — to its dealings with Ethiopia over alleged (or potential) to its dealings with Ethiopia over alleged from the newly-commenced Renaissance Dam project.1  But it was increasingly clear that this was a determined effort by the Presidency and hardline Egyptian Islamist groups to distract public attention away from domestic issues, and particularly from the planned and major nationwide protests in Egypt against the present…<p><a href="http://oilprice.com/Geopolitics/Africa/Ethiopia-Egypt-Maneuvering-Takes-on-Black-and-White-Operational-Guises.html">Read more...</a></p>]]></description>
            <author>gregs@oilprice.com (Gregory R. Copley)</author>
            <pubDate>Wed, 19 Jun 2013 21:51:16 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Geopolitics/Africa/Ethiopia-Egypt-Maneuvering-Takes-on-Black-and-White-Operational-Guises.html</guid>
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	<item>
            <title>The Shifting Dynamics of the WTI-Brent Spread</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/R79_kQkDuBs/The-Shifting-Dynamics-of-the-WTI-Brent-Spread.html</link>
            <description><![CDATA[At first glance, Cushing, Oklahoma and SullumVoe, Scotland appear to have nothing in common. The landlocked town of Cushing – perpetually bathed by bright sunshine and a dry southwestern heat – stands in complete contrast to the dark, cold and rainy port of SullumVoe in the Shetland Islands. Despite their differences, the two locations share a similarity: they act as the respective pricing points for the world’s two most heavily traded crude oils –Brent Blend crude (SullumVoe) from the North Sea and West Texas Intermediate…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/The-Shifting-Dynamics-of-the-WTI-Brent-Spread.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Philippe Casey)</author>
            <pubDate>Wed, 19 Jun 2013 21:50:24 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/The-Shifting-Dynamics-of-the-WTI-Brent-Spread.html</guid>
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	<item>
            <title>Tesla Makes a Recall for Certain Model S Vehicles</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/4dAshdN5KEg/Tesla-Makes-a-Recall-for-Certain-Model-S-Vehicles.html</link>
            <description><![CDATA[Tesla extends their time in the media spotlight, although this time not necessarily for the best of reasons, by announcing a recall on Model S vehicles.The recall is only partial, affecting vehicles that were manufactured between the 10th May and 8th June this year, as, even though no complaints have yet been made, Tesla fears that the cars may contain a small defect.In the recall published on the Tesla website, CEO Elon Musk explained that:“After a careful examination, we have concluded that some Model S vehicles manufactured between May…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Tesla-Makes-a-Recall-for-Certain-Model-S-Vehicles.html">Read more...</a></p>]]></description>
            <author>kennedyc@oilprice.com (Charles Kennedy)</author>
            <pubDate>Wed, 19 Jun 2013 21:40:09 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Tesla-Makes-a-Recall-for-Certain-Model-S-Vehicles.html</guid>
        <feedburner:origLink>http://oilprice.com/Latest-Energy-News/World-News/Tesla-Makes-a-Recall-for-Certain-Model-S-Vehicles.html</feedburner:origLink></item>
	<item>
            <title>Number of Oil Spills Fall in Houston Region, but Still at Nearly Two a Day</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/aYvd9TVoxAk/Number-of-Oil-Spills-Fall-in-Houston-Region-but-Still-at-Nearly-Two-a-Day.html</link>
            <description><![CDATA[The Texas General Land Office has announced that the number of oil spills that it must respond to has fallen over the last decade, but that it is not uncommon for them to deal with one or two a day in the Houston region, stretching from Galveston County to Matagorda Bay.Richard Arnhart, the regional director for the oil spill prevention and response division, said that “in the ‘90s, it wasn’t anything to have three to eight spills a day.”Two spills a day may still seem like a lot when picturing catastrophes such as the Deepwater…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Number-of-Oil-Spills-Fall-in-Houston-Region-but-Still-at-Nearly-Two-a-Day.html">Read more...</a></p>]]></description>
            <author>burgessj@oilprice.com (James Burgess)</author>
            <pubDate>Wed, 19 Jun 2013 21:39:08 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Number-of-Oil-Spills-Fall-in-Houston-Region-but-Still-at-Nearly-Two-a-Day.html</guid>
        <feedburner:origLink>http://oilprice.com/Latest-Energy-News/World-News/Number-of-Oil-Spills-Fall-in-Houston-Region-but-Still-at-Nearly-Two-a-Day.html</feedburner:origLink></item>
	<item>
            <title>Republicans Support Bill to Cut Renewable Energy Spending by 50%</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/DRpmQaJppr4/Republicans-Support-Bill-to-Cut-Renewable-Energy-Spending-by-50.html</link>
            <description><![CDATA[The latest Energy and Water appropriations bill, the fifth of its kind to be presented before the Appropriations Committee, has outraged Democrats, who have begun attacking Republicans about the proposed 50% cut to spending on renewable energy.Ranking Member of the subcommittee Marcy Kaptur, said that “we must develop a more secure energy future for this country. This is not really forward looking development for our country.”The cut would see the amount spent on renewable energy research and development reduce by $911 million, and…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Republicans-Support-Bill-to-Cut-Renewable-Energy-Spending-by-50.html">Read more...</a></p>]]></description>
            <author>peixej@oilprice.com (Joao Peixe)</author>
            <pubDate>Wed, 19 Jun 2013 21:38:24 GMT</pubDate>
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            <title>KRG Pipeline will be Ready to Supply Crude Oil to Turkey by End of September</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/bYRwky6k5T8/KRG-Pipeline-will-be-Ready-to-Supply-Crude-Oil-to-Turkey-by-End-of-September.html</link>
            <description><![CDATA[Ashti Hawrami, the Kurdistan Regional Government Natural Resources Minister, announced that a new pipeline should be completed by the end of September, which will allow the autonomous region to supply oil to the Turkish border, without using any Iraqi owned infrastructure.The pipeline will carry oil to Fishkabour, near the border with Turkey; currently the KRG has to transport it’s oil via trucks after halting all exports through the Baghdad-run pipeline in December, due to arguments over crude oil revenues.Kurdistan has a production capacity…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/KRG-Pipeline-will-be-Ready-to-Supply-Crude-Oil-to-Turkey-by-End-of-September.html">Read more...</a></p>]]></description>
            <author>kennedyc@oilprice.com (Charles Kennedy)</author>
            <pubDate>Wed, 19 Jun 2013 21:36:50 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/KRG-Pipeline-will-be-Ready-to-Supply-Crude-Oil-to-Turkey-by-End-of-September.html</guid>
        <feedburner:origLink>http://oilprice.com/Latest-Energy-News/World-News/KRG-Pipeline-will-be-Ready-to-Supply-Crude-Oil-to-Turkey-by-End-of-September.html</feedburner:origLink></item>
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            <title>3% Cut in Emissions will Save the US Corporate Sector $780 Billion</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/Kr1RxCEtiGk/3-Cut-in-Emissions-will-Save-the-US-Corporate-Sector-780-Billion.html</link>
            <description><![CDATA[A report compiled by the WWF and the Carbon Disclosure Project (CPD) has found that by cutting its emissions by an average of three percent a year, the US corporate sector could save as much as $780 billion over the next 10 years.Companies would only need to spend around three to four percent of their capital expenditure each year in order to achieve such emission reductions.Lowering emissions by three percent a year until 2020 would be the equivalent of cutting annual greenhouse gas emissions by 1.2 gigatonnes by 2020, equivalent to a 25 percent…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/3-Cut-in-Emissions-will-Save-the-US-Corporate-Sector-780-Billion.html">Read more...</a></p>]]></description>
            <author>peixej@oilprice.com (Joao Peixe)</author>
            <pubDate>Wed, 19 Jun 2013 21:36:00 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/3-Cut-in-Emissions-will-Save-the-US-Corporate-Sector-780-Billion.html</guid>
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            <title>Commodity Update: Open Interest Analysis for June 18th, 2013</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/0NDdFtgk_iE/Commodity-Update-Open-Interest-Analysis-for-June-18th-2013.html</link>
            <description><![CDATA[Crude oil:August WTI crude oil gained 64 cents on light volume of 514,609 contracts. Volume was the lowest since May 24 when 368,561 contracts were traded. On June 18, total open interest increased by 8,797 contracts, which relative to volume is approximately 25% less than average. Though the increase was less than average, the July contract accounted for loss of 23,300 of open interest, which makes the total open interest increase respectable. For the past 6 days beginning on June 11, each daily high and low has been successively higher. This…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-June-18th-2013.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Open Interest Analyst )</author>
            <pubDate>Wed, 19 Jun 2013 19:27:00 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-June-18th-2013.html</guid>
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            <title>Extreme Energy, Extreme Implications: Interview with Michael Klare</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/SMJjCQOpCbU/Extreme-Energy-Extreme-Implications-Interview-with-Michael-Klare.html</link>
            <description><![CDATA[If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources—and we are not getting the full picture from the mainstream media, according to Michael T. Klare, professor of peace and world security studies at Hampshire College, TomDispatch blogger, and author of Rising Powers, Shrinking Planet: The New Geopolitics of Energy (Metropolitan Books, 2008). As risk multiply, conventional sources evaporate and we are left with “extreme” energy, renewables may be the only…<p><a href="http://oilprice.com/Interviews/Extreme-Energy-Extreme-Implications-Interview-with-Michael-Klare.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (James Stafford)</author>
            <pubDate>Tue, 18 Jun 2013 22:03:40 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Interviews/Extreme-Energy-Extreme-Implications-Interview-with-Michael-Klare.html</guid>
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            <title>Has the Shale Gas Boom Already Ended?</title>
            <link>http://feedproxy.google.com/~r/oilpricecom/~3/979KdigZfVg/Has-the-Shale-Gas-Boom-Already-Ended.html</link>
            <description><![CDATA[If you&#039;ve ever looked at the elements that create the images in a kaleidoscope, they are unremarkable: pebbles, beads and bits of colored glass, all mixed together. But when seen through the viewing end of the device, this mixture creates the illusion of pleasing, colorful and multiple identical designs where, in fact, there are none. It&#039;s done with mirrors; and the illusion is convincing to the eye as it looks through the narrow tube that connects it with the mirrors and the colored items on the other end.Like children looking through a kaleidoscope…<p><a href="http://oilprice.com/Energy/Natural-Gas/Has-the-Shale-Gas-Boom-Already-Ended.html">Read more...</a></p>]]></description>
            <author>cobbi@oilprice.com (Kurt Cobb)</author>
            <pubDate>Tue, 18 Jun 2013 21:57:28 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/Has-the-Shale-Gas-Boom-Already-Ended.html</guid>
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