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        <title>OilPrice.com Daily News Update</title>
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        <lastBuildDate>Thu, 23 May 2013 20:36:48 GMT</lastBuildDate>
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            <title>Technical Review of the Energy Markets – 23rd May 2013</title>
            <link>http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-23rd-May-2013.html</link>
            <description><![CDATA[WTI Crude did continue lower to the 94.50/40 target &amp; a buying opportunity. We bounced nicely from here but have since broken lower to hit the next target of 93.64. The outlook remains weak so look now for a test of strong support at 92.80/75. We are however starting to look oversold in the short term so watch for a bounce. If attempting longs we need stops below the 200 day moving average at 92.30 &amp; can then look for the next support at 91.60/40.A bounce from 93.60 is possible and could reach resistance at 94.40/50. It could be worth trying…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-23rd-May-2013.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Jason Sen)</author>
            <pubDate>Thu, 23 May 2013 19:43:18 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-23rd-May-2013.html</guid>
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            <title>Commodity Update: Open Interest Analysis for May 22nd, 2013</title>
            <link>http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-May-22nd-2013.html</link>
            <description><![CDATA[Brent crude:July Brent crude lost $1.31 on light volume of 524,069 contracts. Open interest declined by 3,132 contracts, which relative to volume is approximately 60% less than average. Brent crude remains on a short and intermediate term sell signal. Stand aside.Heating oil:July heating oil lost 5.06 cents on volume of 156,118 contracts. Total open interest increased by 2,315 contracts, which relative to volume is approximately 40% less than average. The June contract accounted for loss of 9,026 of open interest and will be expiring soon. On May…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-May-22nd-2013.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Open Interest Analyst )</author>
            <pubDate>Thu, 23 May 2013 19:17:31 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-May-22nd-2013.html</guid>
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            <title>Commodity Update: Open Interest Analysis for May 21st, 2013</title>
            <link>http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-May-21st-2013.html</link>
            <description><![CDATA[Crude oil:July WTI crude oil lost 75 cents on very light volume of 485,704 contracts. Volume was the lightest since April 29 when 466,236 contracts were traded and July crude oil closed at $94.72. On May 21, open interest declined by 1,957 contracts, which relative to volume is approximately 75% less than average. The June contract accounted for loss of 18,019 of open interest. We been cautioning clients about the long side of crude oil recently, despite it generating a short and intermediate term buy signal on May 6. Crude oil stocks are at record-breaking…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-May-21st-2013.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Open Interest Analyst )</author>
            <pubDate>Wed, 22 May 2013 22:30:23 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Commodity-Update-Open-Interest-Analysis-for-May-21st-2013.html</guid>
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            <title>U.S. Racing Against Shale Gas Clock</title>
            <link>http://oilprice.com/Energy/Natural-Gas/U.S.-Racing-Against-Shale-Gas-Clock.html</link>
            <description><![CDATA[MIT physicist Ernest Moniz became the new energy secretary this week after sailing through the nomination process relatively unscathed. His appointment comes at a time when U.S. energy production is creating ripple effects across the globe, threatening the position of gas leader Russia and oil giant Saudi Arabia alike. Despite substantial gains in U.S. oil and natural gas production, there are restrictions in place on how much of those reserves can reach foreign markets. Last week, the Energy Department gave the green light to a new project to…<p><a href="http://oilprice.com/Energy/Natural-Gas/U.S.-Racing-Against-Shale-Gas-Clock.html">Read more...</a></p>]]></description>
            <author>dg@oilprice.com (Daniel J. Graeber)</author>
            <pubDate>Wed, 22 May 2013 22:06:31 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/U.S.-Racing-Against-Shale-Gas-Clock.html</guid>
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            <title>Assad is Back, and Syrian Peace Will Be on His Terms</title>
            <link>http://oilprice.com/Geopolitics/Middle-East/Assad-is-Back-and-Syrian-Peace-Will-Be-on-His-Terms.html</link>
            <description><![CDATA[Since the war in Iraq, US foreign policy has been in a downward spiral: It was caught off guard by the “Arab Spring” and the increasing incoherence has left it paralyzed and ineffective. Nowhere is this more palpable than in Syria.For the US, there is no favorable outcome in Syria at this point—only the least unfavorable, and even that will not likely be dictated by Washington but by the Qatari and Saudi troublemakers supporting al-Qaeda forces in Syria on one side, and ever-steadfast Russia on the other.Amid this changing geopolitical…<p><a href="http://oilprice.com/Geopolitics/Middle-East/Assad-is-Back-and-Syrian-Peace-Will-Be-on-His-Terms.html">Read more...</a></p>]]></description>
            <author>corporate@oilprice.com (Jen Alic)</author>
            <pubDate>Wed, 22 May 2013 22:03:37 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Geopolitics/Middle-East/Assad-is-Back-and-Syrian-Peace-Will-Be-on-His-Terms.html</guid>
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            <title>South African Shale Gas Hits Rough Patch</title>
            <link>http://oilprice.com/Energy/Natural-Gas/South-African-Shale-Gas-Hits-Rough-Patch.html</link>
            <description><![CDATA[“Cheap” shale natural gas domestic production is being touted worldwide as a panacea to expensive energy imports.South Africa is one of the countries investigating the potential of indigenous natural gas production from hydraulic fracturing as an interim alternative to the rising costs of energy imports.South Africa, the continent’s economic powerhouse, remains a net importer of energy with about 90 percent of its power supply being coal-based, with the result that any and all alternatives are under consideration.While in April…<p><a href="http://oilprice.com/Energy/Natural-Gas/South-African-Shale-Gas-Hits-Rough-Patch.html">Read more...</a></p>]]></description>
            <author>admin@namecake.com (John Daly)</author>
            <pubDate>Wed, 22 May 2013 22:00:16 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/South-African-Shale-Gas-Hits-Rough-Patch.html</guid>
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            <title>As Natural Gas Prices Rise, Who Stands to Lose the Most?</title>
            <link>http://oilprice.com/Energy/Natural-Gas/As-Natural-Gas-Prices-Rise-Who-Stands-to-Lose-the-Most.html</link>
            <description><![CDATA[Chemicals and Fertilizer IndustriesIn last week’s post As Natural Gas Prices Rise, Who Benefits the Most?, I discussed the sectors that would benefit from rising natural gas prices. This week, let’s talk about the potential losers.Natural gas is an important feedstock for the chemicals and fertilizer industries, so higher prices could pressure those sectors. Oil companies with significant chemical operations could also see this business segment take a hit, but based on ExxonMobil’s (NYSE: XOM) advocacy of liquified natural gas…<p><a href="http://oilprice.com/Energy/Natural-Gas/As-Natural-Gas-Prices-Rise-Who-Stands-to-Lose-the-Most.html">Read more...</a></p>]]></description>
            <author>pir@oilprice.com (Robert Rapier)</author>
            <pubDate>Wed, 22 May 2013 21:58:01 GMT</pubDate>
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            <title>Third Party Tests Prove Rossi’s E-Cat HT2 Works</title>
            <link>http://oilprice.com/Alternative-Energy/Nuclear-Power/Third-Party-Tests-Prove-Rossis-E-Cat-HT2-Works.html</link>
            <description><![CDATA[An independent test report of Andrea Rossi’s E-Cat HT2 is available at the Cornell University Library archive.  The team, seemingly led by Hanno Essén of the Royal Institute of Technology, Stockholm, Sweden included four collaborators from Uppsala University, Uppsala, Sweden with Mr. Rossi’s old friend Giuseppe Levi of Bologna University and Evelyn Foschi of Bologna Italy.The team collected data over two experimental runs lasting 96 and 116 hours, respectively.  Anomalous heat production was indicated in both experiments. …<p><a href="http://oilprice.com/Alternative-Energy/Nuclear-Power/Third-Party-Tests-Prove-Rossis-E-Cat-HT2-Works.html">Read more...</a></p>]]></description>
            <author>james@pokemoncard.info (Brian Westenhaus)</author>
            <pubDate>Wed, 22 May 2013 21:55:10 GMT</pubDate>
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            <title>New Material Cleans Oil at Faster Rate, Allows Oil to be Collected and Reused</title>
            <link>http://oilprice.com/The-Environment/Oil-Spills/New-Material-Cleans-Oil-at-Faster-Rate-Allows-Oil-to-be-Collected-and-Reused.html</link>
            <description><![CDATA[Big oil spills are an environmental and public health disaster – not to mention an economic one. The last big oil spill, the 2010 Deepwater Horizon spill resulted in millions of gallons of oil spilling into the sea – a nightmare to clean up.While big oil spills are a cause of concern and often spur an indignant cry from the global community, everyday, little oil spills are occurring in our waters. Along our coastlines, harbors and ports, as oil is transported from one place to another, amounts of it are spilled.According to Vadim Manov,…<p><a href="http://oilprice.com/The-Environment/Oil-Spills/New-Material-Cleans-Oil-at-Faster-Rate-Allows-Oil-to-be-Collected-and-Reused.html">Read more...</a></p>]]></description>
            <author>ecoseed@oilprice.com (EcoSeed )</author>
            <pubDate>Wed, 22 May 2013 21:52:10 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/The-Environment/Oil-Spills/New-Material-Cleans-Oil-at-Faster-Rate-Allows-Oil-to-be-Collected-and-Reused.html</guid>
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            <title>Tanker Owners Lose $27 Billion Since 2009, Struggle to Survive as Day Rates Drop</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/Tanker-Owners-Lose-27-Billion-Since-2009-Struggle-to-Survive-as-Day-Rates-Drop.html</link>
            <description><![CDATA[The International Association of Independent Tanker Owners (Intertanko), the largest trade group in the industry, has stated that oil tanker owners have lost the most money in four decades in recent years as day rates plummet due to a glut of supply over demand. Crews and ships are now under threat as many companies struggle to stay afloat.It has been estimated that the market will recover in about four years, but by that time there could be very few tanker companies left.Intertanko claim that tanker owners have lost around $27 billion since 2009,…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Tanker-Owners-Lose-27-Billion-Since-2009-Struggle-to-Survive-as-Day-Rates-Drop.html">Read more...</a></p>]]></description>
            <author>peixej@oilprice.com (Joao Peixe)</author>
            <pubDate>Wed, 22 May 2013 21:50:49 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Tanker-Owners-Lose-27-Billion-Since-2009-Struggle-to-Survive-as-Day-Rates-Drop.html</guid>
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            <title>The Hairy Building that Produces Clean Energy</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/The-Hairy-Building-that-Produces-Clean-Energy.html</link>
            <description><![CDATA[The Söder Torn is one of the tallest buildings on the island of Södermalm, and a land mark in the city of Stockholm. Completed in 1997 it is actually several stories shorter than its architect, Henning Larsen, had originally planned, but a new retrofit aims to rectify this.Belatchew, a firm of architects based in Stockholm, has proposed adding an additional 14 floors to the tower to bring it closer to Larsen’s vision; but more importantly, they have also suggested that the tower be covered in millions of piezo-electric straws which…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/The-Hairy-Building-that-Produces-Clean-Energy.html">Read more...</a></p>]]></description>
            <author>burgessj@oilprice.com (James Burgess)</author>
            <pubDate>Wed, 22 May 2013 21:49:45 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/The-Hairy-Building-that-Produces-Clean-Energy.html</guid>
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            <title>Koch Brothers Sell Polluting Waste from Tar Sands Refinery as Cheap Fuel</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/Koch-Brothers-Sell-Polluting-Waste-from-Tar-Sands-Refinery-as-Cheap-Fuel.html</link>
            <description><![CDATA[Citizens of Detroit are concerned by a three-story pile of petroleum coke that covers an entire city block, which continues to grow in size each day along the bank of the Detroit River. The coke, an unwanted by-product of refining Canada’s tar sands, is produced by a refinery owned by Marathon Petroleum, which has only been refining tar sands oil since November.The pile in Detroit is not the only one! As more tar sands enters US markets to be refined on US soil, the number of similar coke piles begin to build up. Canada has its own 79.8 million…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Koch-Brothers-Sell-Polluting-Waste-from-Tar-Sands-Refinery-as-Cheap-Fuel.html">Read more...</a></p>]]></description>
            <author>kennedyc@oilprice.com (Charles Kennedy)</author>
            <pubDate>Wed, 22 May 2013 21:47:26 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Koch-Brothers-Sell-Polluting-Waste-from-Tar-Sands-Refinery-as-Cheap-Fuel.html</guid>
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            <title>A Vote for Independence will Threaten Scotland’s Green Energy Boom</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/A-Vote-for-Independence-will-Threaten-Scotlands-Green-Energy-Boom.html</link>
            <description><![CDATA[Ed Davey, the British Energy and Climate Change Secretary spoke at the All Energy conference in Aberdeen on Wednesday, where he happily announced that almost £30 billion has been invested into the UK renewable energy sector since 2010.Figures produced by the Department of Energy and Climate Change show that £14.5 billion has been invested in projects in England, a little over £13 billion has gone to Scottish projects, £1.4 billion to renewable energy developments in Wales, and £304 million has been invested in Northern…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/A-Vote-for-Independence-will-Threaten-Scotlands-Green-Energy-Boom.html">Read more...</a></p>]]></description>
            <author>peixej@oilprice.com (Joao Peixe)</author>
            <pubDate>Wed, 22 May 2013 21:46:11 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/A-Vote-for-Independence-will-Threaten-Scotlands-Green-Energy-Boom.html</guid>
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            <title>Prices are Set to Rise, but Survival is Not Guaranteed for Natural Gas Companies</title>
            <link>http://oilprice.com/Finance/investing-and-trading-reports/Prices-are-Set-to-Rise-but-Survival-is-Not-Yet-Guaranteed-for-Natural-Gas-Compa.html</link>
            <description><![CDATA[The worst may be over for companies and investors who have weathered the depressed gas prices of the past few years, but that doesn&#039;t mean it&#039;s clear sailing from here. In this interview with The Energy Report, Robert Cooper, senior energy analyst with Haywood Securities, talks about the need for selectivity and patience for catalysts that can crystallize underlying stock values. It&#039;s a battle of long-term investors versus short-term traders.The Energy Report: Looking back to your last interview with The Energy Report in November, you seem to have…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Prices-are-Set-to-Rise-but-Survival-is-Not-Yet-Guaranteed-for-Natural-Gas-Compa.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (The Energy Report )</author>
            <pubDate>Wed, 22 May 2013 21:45:19 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Prices-are-Set-to-Rise-but-Survival-is-Not-Yet-Guaranteed-for-Natural-Gas-Compa.html</guid>
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            <title>Technical Review of the Energy Markets – 22nd May 2013</title>
            <link>http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-22nd-May-2013.html</link>
            <description><![CDATA[WTI Crude hit profit taking as predicted hitting out target of 95.50 &amp; in fact bottomed exactly here. We could continue lower today for good support at 94.50/40 &amp; a buying opportunity with stops below the 100 day moving average at 93.95. Then look for 93.64 as the next support. If we hold on to 95.50 we could crawl higher to try resistance at 96.45/60. We should struggle here but a push higher targets 97.00/17 for a selling opportunity. Stops above 97.35 for a run to April highs at 97.80 &amp; another selling opportunity, but will need…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-22nd-May-2013.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Jason Sen)</author>
            <pubDate>Wed, 22 May 2013 13:41:36 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Technical-Review-of-the-Energy-Markets-22nd-May-2013.html</guid>
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