Survey: Gas prices rise for first time in 6 months

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 [...]

Oil price drop more than $ 1 to below $ 40 a barrel caused Reducing energy Consumption

Oil fell more than $ 1 to below $ 40 a barrel on Monday, dragged down by widespread evidence of deepening global recession is to reduce energy consumption.
The decline came despite news that Saudi Arabia is planning to cut output at the bottom of the target agreed upon, and the disruption of gas supply in [...]

Michigan gas prices have not been this low since January 2004 and may drop some.

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 [...]

Oregon gas prices fall approximatelly $ 1.80 per gallon

Portland, Ore - Gas prices still falling. The state average is below the 12 cents Oregon this week with gas cost about $ 1.80 per gallon, nearly 60 percent decrease in five months. Gas price peak reached more than $ 4 gallon in the month of July.
Oregon AAA says the national average only to fall [...]

Despite spectacular fall, platinum has good long term outlook

While the PGMs fall from grace “has been nothing but spectacular,” ScotiaMocatta forecasts that platinum should see more demand from jewellery and long-term investment buying.
In their 2009 precious metals forecast for PGMs, Scotia also noted that, “remarkably palladium’s fundamentals now look tighter and brighter than platinum’s, but Russian inventory sales will be key.”
Although platinum consumption [...]

Cambridge Mineral Resources plc, Gold Production Commences at Quintana, Colombia

Cambridge Mineral Resources plc (’CMR’ or ‘the Company’), the mining exploration and production
company primarily targeting precious metals in South America, has commenced production at its
Quintana Gold Mine in Colombia on 9th November with first gold being poured on 19th November. [...]

Cambridge Energy Corporation Announces Joint Venture for Gold River Mine Project

BOCA RATON, FL, Cambridge Energy Corporation announced today that the Company has entered into a joint-venture agreement for production of the Gold River Mine Group, including noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, [...]

Supervisors to attend state gas drilling hearing

NORWICH – Chenango County officials may have the opportunity to speak about the environmental impact of natural gas and oil drilling at a public hearing tomorrow morning in Albany.
The New York State Assembly’s Environmental Conservation Committee hearing will examine the environmental protections needed in the Department of Environmental Conservation’s new natural gas and oil drilling [...]

How they did it: Drilling a horizontal well

Directional drilling was developed in 1929, but horizontal oil drilling became cost-effective and technically feasible only about five years ago.
Drillers extract natural gas in shale formations from West Texas all the way up into the Appalachians, but these formations cover entire counties and can be 200 or 300 feet thick. Mark Herndon’s target in the [...]

Anglo Swiss Resources Kenville Gold Mine underground rehabilitation completion

Anglo Swiss Resources Inc, announced that the Company completed therehabilitation mine’s main transport system to its 100% owned KenvilleGold property near the mine Nelson, BC This great historic productionlevel, known as level 257, is the lowest two levels and is operational nowentirely drift with the great main road repair complete.The Kenville Gold Mine approximately 6000 [...]