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August 16, 2011

Energy Data Highlights

Retail gasoline price 8/15/2011: $3.604/gal down$0.070 from week earlier up$0.859 from year earlier Retail diesel price 8/15/2011: $3.835/gal down$0.062 from week earlier up$0.856 from year earlier Crude oil futures price 8/12/2011: $85.38/bbl down$1.50 from week earlier up$9.64 from year earlier Natural gas futures price 8/12/2011: $4.060/mmBtu up$0.119 from week earlier down$0.240 from year earlier Weekly coal production 8/6/2011: 20.466 million tons up0.299 million tons from week earlier down0.183 million tons from year earlier http://www.eia.gov/ Natural Gas/ Power News EIA Storage Release 8/11/11 (Actual): +25 Bcf Previous Week: +44 Bcf -6.6% Change from 1 Year Ago -2.8% Change 5-year Average Gazprom continues talks with European partners over gas price Russia's Gazprom said Tuesday its export arm is currently in consultations over demands to renegotiate the contracted price in its long-term gas contracts with several of its key European partners, including GDF Suez, Shell Energy Europe, RWE Transgas, E.ON Ruhrgas and Eni. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8239922

Don't Build Keystone XL, the Pipeline to Nowhere http://www.policyinnovations.org/ideas/commentary/data/000220

Green/ Alternative Energy News

US DOE awards $52 mil for CO2 capture development projects The US Department of Energy on Monday said it would provide $52 million to four projects aimed at developing advanced CO2 capture and separation technologies that would help make low-carbon-emission electricity more economically competitive with traditional power plants. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377895

Calif. stakeholders press CARB on emissions cap-and-trade design California stakeholders have urged the state's air-quality regulator to adopt changes to the design of its cap-and-trade program, which is aimed at cutting greenhouse gas emissions, in order to reduce compliance costs, comments filed last week show. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6377910

Crude Oil News

OPEC Daily Basket Price 8/15/2011 --$104.78 (8/12/2011 --$103.81) Recent Rig Counts Last Count Change Cou from Prior nt Count +39 +30 -8 Date of Prior Count 5 Aug 11 5 Aug 11 June 2011 Change Date of Last from Last Year's Year Count +319 +69 +41 13 Aug 10 13 Aug 10 July 2010

Area U.S. Canada Internatio nal

12 Aug 1959 11 12 Aug 11 July 2011 464 1150

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

Brent slips on weak global data, firm dollar Brent crude futures fell on Tuesday, after rising nearly $2 a the previous day, as worries about global economic growth and a stronger dollar reduced appetite for risky assets.

http://www.reuters.com/article/2011/08/16/us-markets-oilidUSTRE77838320110816 Crude Futures Drop as Slowing German Economy Signals Demand May Falter Oil dropped from the highest in almost two weeks in New York after Germanys economy all but stagnated in the second quarter, heightening concern that fuel consumption will diminish http://www.bloomberg.com/news/2011-08-16/crude-oil-futures-decline-asinvestors-speculate-global-economy-is-slowing.html ICE launches Low Sulphur Gasoil Futures, Options and Swaps IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of ICE Low Sulphur Gasoil Futures and Options contracts on ICE Futures Europe. ICE also announced the introduction of 13 OTC Low Sulphur Gasoil Swaps cleared by ICE Clear Europe http://www.commodities-now.com/news/power-and-energy/7413-ice-launches-lowsulphur-gasoil-futures-options-and-swaps.html EIA shaves OPEC oil earnings forecast to $1.01 trillion this year The US Energy Information Administration has trimmed its forecasts of OPEC's net oil export earnings to $1.011 trillion this year and $1.105 trillion in 2012, down $17 billion and $3 billion respectively. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8239992 NYMEX crude settles $2.50/b higher as equities rise NYMEX September crude oil rallied near the close Monday, settling $2.50 higher at $87.88/barrel, supported by gains in equities and losses in the US dollar. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6377934 Saudi Arabia is Opecs real winner Defeated; humiliated; overpowered Saudi Arabia appeared to come out from the last meeting of the Opec oil cartel as the loser after it failed to get backing for its proposal to boost output, with its opponent Iran victorious. http://www.ft.com/intl/cms/s/0/de25b9ec-c7d3-11e0-9501-00144feabdc0.html? ftcamp=rss#axzz1VCERVXQB Russia's Arctic 'Sea Grab' In a multinational race to seize the potential riches of the formerly icebound Arctic, being laid bare by global warming, Russia is the early favorite http://www.cnbc.com/id/44147344

Gas pump prices keep dropping even as oil rebounds Retail gasoline prices continue to fall, although oil prices are rebounding a bit from sharp drops last week. Oil's small gain was based on hopes that European leaders would solve that region's debt crisis and thus help drive up demand for the commodity, analysts said. http://www.latimes.com/business/la-fi-gas-prices-20110816,0,3506610.story

Green/ Alternative Energy News

US House majority leader says green energy best left to private sector Green energy growth is best left to the free market economy without government deciding among the competitors, US House of Representatives Majority Leader Eric Cantor said Friday http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6373106 Alt fuel vehicle use grows, but still small part of U.S. fleet Alternative fuel vehicles are growing in number, but limited access to renewable fuels leaves them underused and largely running on petrol, according to the U.S. Energy Information Administration. http://fuelfix.com/blog/2011/08/12/alt-fuel-vehicles-more-prevelent-but-many-stillrun-on-gas/

Government/ Regulations Weather

Tropical Storm GERT http://www.nhc.noaa.gov/text/refresh/MIATCPAT2+shtml/160834.shtml

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