Industry News page 7

Oil vs Energy & Technology... The Future for Oil Investments - Sep 8th, 09
There is very little resolve when a huge new source of oil is discovered. The key to the balance between supply and demand is daily production. Oil and gas investors seeking direct participation in oil investments should pay close attention to the energy staple of the last 150 years and accept that the ever increasingly daily demand will continue to out strip the global ability of daily production to keep up. The result will be a fluctuating price and a gradual upward trend...

Goldman Forcasts Oil Price to Rise Again - Aug 24th, 09
Mistakes by industry for oil and gas exploration impacts oil and gas investing, and Goldman Sachs, once again, is seeing potential price increase...

Taxing Our Way to Energy Insecurity Again: US Chamber of Commerce Opposes New Oil and Gas Proposals - Jun 23rd, 09
Key proposals of the Obama Administration would put more nails in the coffin of the oil and gas exploration, production and operations of the domestic oil and gas industry. With investments in oil and gas exploration already lagging, the new proposals would further discourage industry and private oil and gas investors from risking their dollars to fund new exploration.

$70 Oil and Rising: Why is Oil on the Rise? - Jun 18th, 09
With the price of oil at the $70 per barrel mark, is this simply just another stepping stone before another quick run up?

RUSSIAN OIL CEO PREDICTS $85 OIL BY DECEMBER - Jun 16th, 09
Oil prices should hit $85/bbl by the end of 2009, and if capital investment is not restored, oil prices could rise to $150/bbl within 2-3 years, warned Alexey Miller, chief executive officer of OAO Gazprom at the European Business Congress in Porto Cervo, Italy.