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        <title>OilPrice.com Daily News Update</title>
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        <lastBuildDate>Sat, 25 May 2013 04:15:06 GMT</lastBuildDate>
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            <title>NAMIBIA: First Oil Discovery Overrides Earlier Disappointments</title>
            <link>http://oilprice.com/Geopolitics/Africa/NAMIBIA-First-Oil-Discovery-Overrides-Earlier-Disappointments.html</link>
            <description><![CDATA[Bottom Line: It’s been a rough ride for Namibia explorers but this week explorers announced their first oil discovery, and while it’s not commercially viable, it could be the first indicator of the potential for Namibia to become another emerging African oil venue.   Analysis: Explorers in Namibia have seen their stocks plummet over disappointing drilling, but the discovery announced earlier this week by Brazil’s HRT Participacoes em Petroleo SA and the Namibian government have boosted investor confidence in other finds of…<p><a href="http://oilprice.com/Geopolitics/Africa/NAMIBIA-First-Oil-Discovery-Overrides-Earlier-Disappointments.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Editorial Dept)</author>
            <pubDate>Fri, 24 May 2013 18:38:07 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Geopolitics/Africa/NAMIBIA-First-Oil-Discovery-Overrides-Earlier-Disappointments.html</guid>
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            <title>EU: Tighter Regulations for Explorers</title>
            <link>http://oilprice.com/Geopolitics/Europe/EU-Tighter-Regulations-for-Explorers.html</link>
            <description><![CDATA[Bottom Line: The EU’s new offshore oil and gas exploration legislation is designed to prevent another Gulf of Mexico incident and will force explorers to submit special hazard reports and emergency-response plans as well as to demonstrate extended liability coverage. Analysis: The legislation was approved by the European Parliament last week. Specifically, the new legislation requires exploration companies to submit special hazard reports and emergency-response plans BEFORE getting approval to launch offshore operations. Explorers will also…<p><a href="http://oilprice.com/Geopolitics/Europe/EU-Tighter-Regulations-for-Explorers.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Editorial Dept)</author>
            <pubDate>Fri, 24 May 2013 18:34:53 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Geopolitics/Europe/EU-Tighter-Regulations-for-Explorers.html</guid>
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            <title>Weekly Energy Update: Hunt for the Next Bakken &amp; The fate of Keystone XL</title>
            <link>http://oilprice.com/Energy/Energy-General/Weekly-Energy-Update-Hunt-for-the-Next-Bakken-The-fate-of-Keystone-XL.html</link>
            <description><![CDATA[Again, US natural gas exports; the fate of Keystone XL; a few misses in the hunt for the next Bakken; an upcoming interview you don’t want to miss, and a sneak peek at the reports in this weeks Premium Newsletter…We’ve covered the US natural gas export story ad nauseum, so this week we’ll just offer a quick note on the bottom line here, and I think everyone pretty much agrees: US natural gas exports will be expanded, but it won’t be like Moses parting the sea. The 19 LNG export projects waiting for approval will be…<p><a href="http://oilprice.com/Energy/Energy-General/Weekly-Energy-Update-Hunt-for-the-Next-Bakken-The-fate-of-Keystone-XL.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (James Stafford)</author>
            <pubDate>Fri, 24 May 2013 18:10:53 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Energy-General/Weekly-Energy-Update-Hunt-for-the-Next-Bakken-The-fate-of-Keystone-XL.html</guid>
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            <title>US Natural Gas Exports, Slowly but Surely</title>
            <link>http://oilprice.com/Energy/Natural-Gas/US-Natural-Gas-Exports-Slowly-but-Surely.html</link>
            <description><![CDATA[While the hints over the past weeks have favored expanded US natural gas exports, the confirmation of Energy Security Ernest Moniz has delayed a final decision on the process, with 19 export applications on hold for more in-depth review. This has somewhat dampened the momentum following the Department of Energy’s (DOE) decision last Friday to conditionally approve a Texas LNG project. Then on Tuesday, Moniz was officially sworn in and called for a further review of the proposals before making any final decisions. The review he’s waiting…<p><a href="http://oilprice.com/Energy/Natural-Gas/US-Natural-Gas-Exports-Slowly-but-Surely.html">Read more...</a></p>]]></description>
            <author>corporate@oilprice.com (Jen Alic)</author>
            <pubDate>Thu, 23 May 2013 22:16:17 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/US-Natural-Gas-Exports-Slowly-but-Surely.html</guid>
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            <title>Doubt Deepens Further Over Polish Shale Gas</title>
            <link>http://oilprice.com/Energy/Natural-Gas/Doubt-Deepens-Further-Over-Polish-Shale-Gas.html</link>
            <description><![CDATA[Energy companies flocked to Poland after a 2011 US Department of Energy report estimated its shale gas reserves as perhaps the largest in Europe, 22.5 trillion cubic meters, of which nearly a quarter would be ready for immediate extraction. Most of the latter quantity, about two-thirds, was located in the Baltic Sea Basin, another quarter in the Lublin basin, and the remainder in Podlasie Voivodeship. However, these figures have turned out to be far too optimistic, in part because the geological formations are more complicated and with deeper rock…<p><a href="http://oilprice.com/Energy/Natural-Gas/Doubt-Deepens-Further-Over-Polish-Shale-Gas.html">Read more...</a></p>]]></description>
            <author>cutl@oilprice.com (Robert M Cutler)</author>
            <pubDate>Thu, 23 May 2013 22:08:42 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/Doubt-Deepens-Further-Over-Polish-Shale-Gas.html</guid>
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            <title>What 9 Company Hedge Books Are Revealing about the Natural Gas Market</title>
            <link>http://oilprice.com/Energy/Natural-Gas/What-9-Company-Hedge-Books-Are-Revealing-about-the-Natural-Gas-Market.html</link>
            <description><![CDATA[You can see it clear as day in their hedging strategies...Natural gas producers are increasingly bearish on prices for their sector. The numbers tell the tale.  Canadian gas producers surveyed for the Oil and Gas Investments Bulletin hedged AECO-sold production at $5.27 in 2011. Hedge prices have dropped steadily for gas sold since—to $4.27 in 2012, and to $3.29 for currently-hedged production in 2013.Why the falling hedge price?  Because it made sense – Natural gas prices fell steadily from the beginning of 2010 through to…<p><a href="http://oilprice.com/Energy/Natural-Gas/What-9-Company-Hedge-Books-Are-Revealing-about-the-Natural-Gas-Market.html">Read more...</a></p>]]></description>
            <author>schaeferk@oilprice.com (Keith Schaefer)</author>
            <pubDate>Thu, 23 May 2013 22:06:11 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Energy/Natural-Gas/What-9-Company-Hedge-Books-Are-Revealing-about-the-Natural-Gas-Market.html</guid>
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            <title>Is the Solar Energy Bubble Finally Bursting?</title>
            <link>http://oilprice.com/Alternative-Energy/Solar-Energy/Is-the-Solar-Energy-Bubble-Finally-Bursting.html</link>
            <description><![CDATA[My recent post about the costs of Germany’s policy of subsidizing solar energy inspired predictable attacks by true believers in a future powered by solar energy. I was criticized for citing the German magazine Spiegel, a center-right popular magazine. Well, I cited Spiegel for certain facts, and if you don’t believe Spiegel, perhaps you will believe the reputable environmentalist writer Mark Lynas, whose sources are German government statistics. (And if you think Lynas is discredited because he supports GMOs and nuclear energy, even…<p><a href="http://oilprice.com/Alternative-Energy/Solar-Energy/Is-the-Solar-Energy-Bubble-Finally-Bursting.html">Read more...</a></p>]]></description>
            <author>breakthrough@oilprice.com (Breakthrough Institute)</author>
            <pubDate>Thu, 23 May 2013 22:02:10 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Alternative-Energy/Solar-Energy/Is-the-Solar-Energy-Bubble-Finally-Bursting.html</guid>
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            <title>Terracide and the Terrarists - Destroying the Planet for Record Profits</title>
            <link>http://oilprice.com/The-Environment/Global-Warming/Terracide-and-the-Terrarists-Destroying-the-Planet-for-Record-Profits.html</link>
            <description><![CDATA[Published with premission by TomDispatchWe have a word for the conscious slaughter of a racial or ethnic group: genocide.  And one for the conscious destruction of aspects of the environment: ecocide.  But we don’t have a word for the conscious act of destroying the planet we live on, the world as humanity had known it until, historically speaking, late last night.  A possibility might be “terracide” from the Latin word for earth.  It has the right ring, given its similarity to the commonplace danger word…<p><a href="http://oilprice.com/The-Environment/Global-Warming/Terracide-and-the-Terrarists-Destroying-the-Planet-for-Record-Profits.html">Read more...</a></p>]]></description>
            <author>admin@oilprice.com (Tom Engelhardt)</author>
            <pubDate>Thu, 23 May 2013 21:59:37 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/The-Environment/Global-Warming/Terracide-and-the-Terrarists-Destroying-the-Planet-for-Record-Profits.html</guid>
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            <title>Waste Wood: Norway Taps into a Huge Source of Biomass Fuel</title>
            <link>http://oilprice.com/Alternative-Energy/Biofuels/Waste-Wood-Norway-Taps-into-a-Huge-Source-of-Biomass-Fuel.html</link>
            <description><![CDATA[Norwegian senior scientist Øyvind Skreiberg is transforming the chopped-off branches and tops of felled spruce trees into a fine powder that is then pressed into high-energy pellets.  The transformation is made using a process called torrefaction, a sort of extreme sauna for timber and vegetation.Norway possesses major unexploited energy resources of waste wood in the form of the branches and tops – known in their Norwegian acronym as GROT.  There is an abundance of waste wood to see when we walk in the forest after the lumberjacks…<p><a href="http://oilprice.com/Alternative-Energy/Biofuels/Waste-Wood-Norway-Taps-into-a-Huge-Source-of-Biomass-Fuel.html">Read more...</a></p>]]></description>
            <author>james@pokemoncard.info (Brian Westenhaus)</author>
            <pubDate>Thu, 23 May 2013 21:52:15 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Alternative-Energy/Biofuels/Waste-Wood-Norway-Taps-into-a-Huge-Source-of-Biomass-Fuel.html</guid>
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            <title>Tesla Motors Pay Back their Entire DoE Loan Nine Years Early</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/Tesla-Motors-Pay-Back-their-Entire-DoE-Loan-Nine-Years-Early.html</link>
            <description><![CDATA[Tesla Motors, the US electric vehicle manufacturer, has paid of its entire Department of Energy loan.The DoE granted Tesla a loan in 2010 as part of the Advanced Technology Vehicle Manufacturing (ATVM) program; as part of the terms of the loan Tesla had to match the deal with its own capital, and meet certain milestones.Tesla repaid part of the loan in 2012, and then again at the beginning of 2013, but following a recent share offering of common stock and the sale of senior notes, which helped raise nearly $1 billion, Tesla decided to pay off the…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Tesla-Motors-Pay-Back-their-Entire-DoE-Loan-Nine-Years-Early.html">Read more...</a></p>]]></description>
            <author>kennedyc@oilprice.com (Charles Kennedy)</author>
            <pubDate>Thu, 23 May 2013 21:49:31 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Tesla-Motors-Pay-Back-their-Entire-DoE-Loan-Nine-Years-Early.html</guid>
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            <title>Chinese Military Renews Cyber-Attacks, Focusing on US Electrical Grid</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/Chinese-Military-Renews-Cyber-Attacks-Focusing-on-US-Electrical-Grid.html</link>
            <description><![CDATA[In February the US government named and shamed Chinese hackers who had been attacking, and stealing secret data from US companies. A report compiled by Mandiant, a private security company that helps companies and government agencies defend themselves from hackers, listed the organisations that had stolen numerous government documents, and items of intellectual property over the past five years.Following the report, Unit 61398, a cyber-division of China’s People’s Liberation Army, with its white, 12 story office building on the edge…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Chinese-Military-Renews-Cyber-Attacks-Focusing-on-US-Electrical-Grid.html">Read more...</a></p>]]></description>
            <author>burgessj@oilprice.com (James Burgess)</author>
            <pubDate>Thu, 23 May 2013 21:47:30 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Chinese-Military-Renews-Cyber-Attacks-Focusing-on-US-Electrical-Grid.html</guid>
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            <title>Japanese Nuclear Reactor Lies Directly on Active Fault</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/Japanese-Nuclear-Reactor-Lies-Directly-on-Active-Fault.html</link>
            <description><![CDATA[On Wednesday, Japan’s Nuclear Regulation Authority (NRA), based on the findings of a new report, advised that one of the country’s nuclear reactors could never be restarted because it lies directly over an active tectonic fault.After a five month investigation, the NRA report found an active fault (any fault that has moved in the last 130,000 years), under one of the reactors at the Tsuraga power plant in western Japan.The NRA is currently investigating the faults in the Earth’s crust under five reactors around Japan to determine…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Japanese-Nuclear-Reactor-Lies-Directly-on-Active-Fault.html">Read more...</a></p>]]></description>
            <author>peixej@oilprice.com (Joao Peixe)</author>
            <pubDate>Thu, 23 May 2013 21:46:37 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Japanese-Nuclear-Reactor-Lies-Directly-on-Active-Fault.html</guid>
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            <title>Saudi Arabia come to Pakistan’s Rescue with $15 Billion Energy Bailout Deal</title>
            <link>http://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-come-to-Pakistans-Rescue-with-15-Billion-Energy-Bailout-Deal.html</link>
            <description><![CDATA[As soon as Nawaz Sharif’s PML-N emerged as the winning party in Pakistan’s recent elections, the Saudi Arabian ambassador in Islamabad contacted the Foreign Ministry to enquire about the details of Pakistan’s energy requirements.Saudi Arabia, unwilling to work with the previous PPP party that ruled Pakistan who had favoured relations with Iran, is very keen to set up a relationship PML-N.A deal has already been offered that would help the indebted country with its current energy crisis. Saudi Arabia will provide 100,000 barrels…<p><a href="http://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-come-to-Pakistans-Rescue-with-15-Billion-Energy-Bailout-Deal.html">Read more...</a></p>]]></description>
            <author>peixej@oilprice.com (Joao Peixe)</author>
            <pubDate>Thu, 23 May 2013 21:46:01 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-come-to-Pakistans-Rescue-with-15-Billion-Energy-Bailout-Deal.html</guid>
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            <title>Oil Markets at the Whim of Power Players</title>
            <link>http://oilprice.com/Finance/investing-and-trading-reports/Oil-Markets-at-the-Whim-of-Power-Players.html</link>
            <description><![CDATA[Most markets these days are manipulated to some extent, and this is nothing new if we look back through the history of financial markets. But there are some strange things happening right now in the oil market worth mentioning.Brent-WTI Spread/ScamAnother scam in the Oil market is the Brent-WTI spread this has been one of the biggest scams over the years in the Oil market. Just to provide some data to the absurdity which is this much hyped about nonsensical spread Cushing Oklahoma has 49.7 million barrels in storage, it had 45.1 million barrels…<p><a href="http://oilprice.com/Finance/investing-and-trading-reports/Oil-Markets-at-the-Whim-of-Power-Players.html">Read more...</a></p>]]></description>
            <author>chuld@oilprice.com (Dian L. Chu)</author>
            <pubDate>Thu, 23 May 2013 21:45:15 GMT</pubDate>
            <guid isPermaLink="false">http://oilprice.com/Finance/investing-and-trading-reports/Oil-Markets-at-the-Whim-of-Power-Players.html</guid>
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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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