Rising Heating Oil Costs Result in Record Savings with Wood Pellets

As homes heating with oil are facing record-level heating bills, consumers heating with wood pellets are suddenly realizing record savings. This January, Popular Mechanics introduced “the high tech, carbon-neutral alternative fuel of the future” – wood. Providing environmental and economic benefits, and a level of convenience unmatched by... 

Oil climbs above $92, anticipates economic growth

Oil climbed above $92 on Monday to its highest since October 2008, spurred on by expectations economic recovery will boost energy demand and as market bulls set their sights on $100 a barrel. U.S. crude was 86 cents higher at $92.24 a barrel by 1438 GMT, off a session high of $92.39. It settled at $91.38 on Friday, marking an annual gain of around 15... 

Professional Research on Dune Energy Inc. and Alamo Energy Corp. – Rising Oil Prices Spike Exploration Activities

www.wallstreetequityresearch.com gives shareholders valuable insight on oil & gas drilling & exploration stocks Dune Energy Inc. (OTC.BB:DUNR – News) and Alamo Energy Corp. (OTC.BB:ALME – News). Sign up today at www.wallstreetequityresearch.com to receive free research reports on these equities. Oil prices recently hit a two year... 

Russian 2010 oil output hits post-Soviet record

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world’s top oil exporter to ramp up production at its greenfield sites. The growth in crude production surprised many analysts, who had expected 1.1 percent on average, when polled just before the start... 

Russia in milestone oil pipeline supply to China

Russia, the world’s top crude exporter, said it had begun scheduled oil shipments to China via an East Siberian link on Saturday as the Kremlin cements ties with its energy-hungry neighbor. So far, Russia’s 50,000-km oil pipeline network has been concentrated in West Siberia and run toward Europe. With the commissioning of the Eastern Siberia... 

Africa Oil: Accelerated Warrant Exercise Completed

Africa Oil Corp. reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010. The warrant exercise resulted in gross proceeds to the Company of approximately CDN$55.8 million. The December 23, 2010 expiry date was an accelerated... 

Oil at $90 brings small OPEC supply rise: survey

OPEC output has risen slightly in December as Nigerian supply has increased, a Reuters survey found, indicating the group has yet to boost production substantially in response to prices at a 26-month high. Supply from the 11 members of the Organization of the Petroleum Exporting Countries with output targets, all except Iraq, has averaged 26.75 million... 

First Star Resources welcomes Mr. William Majcher to the Board

First Star Resources Inc. wishes to announce a new addition to the board of directors as part of its on going business plan to continue to expand and enhance its International representation. Effective immediately, the board of First Star Resources has been arranged as follows: Mr. Robert Gardner as Chairman and CFO, Mr. John Campbell, President and... 

Lucas Energy Enters Into $6 Million Stock Offering

Lucas Energy, Inc. , an independent oil and gas company, has executed agreements to raise almost $6 million from the sale of approximately 2.5 million units in a registered direct offering at a price of $2.38 per unit, based on the December 23, 2010 closing price. Investors included a select group of institutions and Hall Phoenix Inwood Ltd., an affiliate... 

Magnum Hunter Resources Announces Acquisition of $40 Million in Marcellus Shale Properties

Magnum Hunter Resources Corporation announced today that its wholly-owned subsidiary, Triad Hunter, LLC (“Triad Hunter”), has executed a definitive agreement to acquire oil and gas properties and leasehold mineral interests located in Wetzel and Lewis Counties, West Virginia (the “Marcellus Assets”). The Seller of the asset portfolio...