Evidence in the name when it comes to Gulfsands Petroleum. “Bay” because AIM quoted company produces about 2000 barrels of oil equivalent per day from the U.S. in the Gulf of Mexico (where, as now, its facilities are not suffering associated with hurricane damage, reducing production to 950 boepd) and “Sand” because the company is [...]
The volatility we saw in the price of oil is expected to continue into 2009. With more than 50 percent wipe the price of oil in one year, geopolitical issues and a worsening of the economy from the impact of oil prices in the last days of the year. Inventories are still sufficient and the [...]
The average price for regular unleaded gasoline rose by nearly 12 cents in the past three weeks, marking the first increase in six months, according to a national survey released Sunday. “It is the first rise since July 11 last year when prices hit their all-time high,” said Trilby Lundberg, publisher of the survey. The [...]
Mining exploration news: (Oil Prices)
Oil prices traded around $ 40 a barrel today, after sharp overnight declines on concerns that demand for energy is evaporating in the face of a slowing global economy weight.
Prices have declined 73 percent since July on investor fears of job layoffs and falling consumer spending in the United States is [...]
On July 17, the state set a record high average of $ 4.20 a gallon - and as high as $ 4.47 in Branch County. Monday, AAA Michigan reported an average price of $ 1.60 a gallon at the pump in Coldwater $ 1.58.
The price is even lower in neighboring Indiana, where the pump is [...]
That Was The Week That Was … In Canada
By Our Canadian Correspondent
Minews. Now over to our Canadian correspondent for a look at how the Canadian markets performed during the previous week.
CC. Tax loss selling seemed to be the story of the week on the Canadian markets, with the gloomy economic outlook prompting investors to move [...]
By Our Vancouver Correspondent
The next three to six months is going to be make or break time for many Canadian-listed junior miners. With the equity markets boarded-up for the foreseeable future, the list of seriously ill or bankrupt companies is about to grow longer. From mid-November on is when market watchers expect to see the [...]
TORONTO,- Gold World Resources Inc. announces that the Company has engaged Mr. Don Arsenault to advise senior management on acquisitions and operational issues on gold projects in China (see press release August 7, 2008). Mr. Arsenault is a Professional Mining Engineer from Queen’s University and holds an MBA from the University of Toronto.
Mr. Arsenault is [...]
George A. Brown, president and CEO of MacMillan Gold Corp. (TSX VENTURE: MMG) is pleased to announce that MacMillan has received a further 100,000 shares of West Timmins Mining Inc. (TSX: WTM) of Vancouver. These were published as the reason, or the September 30, 2008, under the terms of the Letter of property Option Agreement [...]
Have you ever held an actual lump of coal in your hands? It looks like a black rock. But the thing you immediately notice is its weight. Coal feels incredibly light compared to a normal rock. That’s because coal is composed largely of carbon, which is the same lightweight element found in carbon fiber tennis [...]