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Energy

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BusinessWeek

With oil prices so high, it's not surprising that Ecuador has joined Bolivia and Venezuela in booting foreign oil companies or drastically raising royalties and taxes. Governments want to get their hands on more of those oil profits to pay for t

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Denny Klein

Our technology centers on the ability to generate a unique type of hydrogen/oxygen gas mixture on demand from a lightweight, compact machine that uses the water electrolysis process as its underlying technology basis. This unique gas is infinitely

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AFP

Ecuador, which has Latin America's fifth largest oil reserves, cancelled Occidental Petroleum Company's operating contract in the country and ordered the US firm's assets seized. The firm would have to "immediately" hand back it

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AFP

Bolivian President Evo Morales said that foreign oil companies would not be compensated for oil and gas resources that have been nationalised, and EU president Austria called for explanations.

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Associated Press

A ruptured gas pipeline exploded as villagers collected fuel in a coastal village in southwestern Nigeria, killing up to 200 people and leaving charred bodies scattered around the beach. Grim-faced rescue workers swung corpses into a mass grave as do

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Christian Science Monitor

Only Saudi Arabia, with 259 billion barrels, has larger oil reserves than the Florida-sized patch that surrounds this Canadian outpost. And a pipeline already exists to carry the oil to a key market: the United States.

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BusinessWeek

You'd think the Apr. 26 oil summit in Qatar would have been an occasion for the industry to celebrate. The world's top energy executives were there, and they could all point to record profits and record demand. But rejoice?

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New York Daily News

Tight petroleum supplies amid soaring demand could drive crude oil prices above $100 a barrel by this winter, energy experts warned yesterday. That could translate into gas prices of more than $5 a gallon at the pump and spike home heating oil an

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Associated Press

First Russia, then Venezuela, now Bolivia. Soaring energy prices are fueling a global wave of natural-resource nationalization that is souring the investment landscape for international oil companies and reshaping energy politics for years to come.

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Energy Bulletin (thanks Jean C.)

Oil Minister Kazem Vaziri Hamaneh said that the establishment of Oil Stock Exchange is in its final stage and the bourse will be launched in Iran in the next week. Registration of the Oil Stock Exchange is underway and the entity will operate after b

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Reuters

Dozens of gasoline stations around Houston and Dallas, the heart of the oil industry, ran out of fuel after transportation problems resurfaced with the switch to a new anti-smog fuel blend using ethanol. The shortages add to scattered supply outag

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Reuters

A plan to build the world largest offshore wind-power farm off Massachusetts is dividing residents of the Cape Cod resort region, in a debate involving million-dollar ocean views, migrating birds and soaring energy bills.

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Reuters

"People are trying to avoid the high cost of gasoline by using public transportation," said William Millar, president of the American Public Transportation Association. The higher number of riders on mass transit has persisted since gas

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Reuters

Dozens of gasoline stations from Virginia to Massachusetts ran short of fuel on Friday as suppliers struggled with a transition to a new anti-smog gasoline blend using corn-based ethanol as an additive, marketers said.

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