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Coal Price In World Market and Trade Higher
As consumers struggle to get used to $4-a-gallon gasoline, there’s another source of energy that is becoming more expensive: coal.
The price of a ton of Central Appalachian coal on the futures market was $42.65 a year ago and has risen to around $96, according to figures from the U.S. Energy Information Administration. That increase comes [...]
North Dakota’s mineral resource leader gives estimate of oil in Bakken formation
North Dakota’s own estimate of how much oil can be gotten economically, using current technology, from the Bakken formation in the Williston Basin is slightly above or below 2.1 billion barrels, Lynn Helms reported this morning at a conference here.
Helms, director of the state’s department of mineral resources, said that estimate is based on a [...]
National mineral reserves to be set up to meet high demand
China is mulling over a national mineral resources reserve system to ensure economic security in the wake of rising global prices and blistering domestic demand, a senior government official said Friday.
Wang Min, deputy minister of land and resources, said: “The main reason for setting up the reserve is to ensure stability and sustainability, and avoid [...]
Brazil Ceara Steel project swaps natgas for coal
Partners in Brazil’s Ceara Steel project have opted to use coal for smelting instead of natural gas after a disagreement with state energy company Petrobras over gas prices delayed the project by a year.
Roger Agnelli, CEO of mining giant CVRD , which is a partner in Ceara Steel, said Wednesday the agreement to build the [...]
Utah Oil Promising Alternative Oilfield Source
Years of rising energy demands have significantly depleted traditional and easily-acquired energy resources, even as large deposits of unconventional resources have remained undeveloped due to the high expense and complicated technology involved in extracting them. But with the price of crude oil and gasoline up and supply shrinking, nontraditional resources are being seriously considered as [...]
Centre approves captive mining for gas production by coal gasification, liquefaction
The Centre has approved captive mining for production of gas through coal gasification and liquefaction.
“The under ground coal gasification aims at extracting energy from coal seams, which cannot be otherwise mined through conventional methods,” a Prime Minister Office release said.
The recent rise in international oil prices has led many countries to seek gainful use [...]
Gas consumption sets record despite price rise
Record-high prices for gasoline this year haven’t dampened U.S. drivers’ demand for fuel, an industry trade group said Wednesday. Drivers consumed a record 9.2 million barrels, or 388 million gallons, of gasoline on average every day during the first half of the year, up 1.5 percent from last year’s levels, the American Petroleum Institute said [...]
Rig shortage may force govt to auction fewer exploration blocks
India’s long-term objective of tapping all its oil and gas resources in the interests of energy security may suffer a hit in the short term with the government deciding to lease out fewer exploration blocks than initially planned in a coming auction. The reason: shortage of deepwater rigs, needed for offshore exploration. The seventh round [...]
Top-Five Value Stocks Strike Oil
Each weekday, TheStreet.com Ratings compiles a list of the top five stocks in five categories — fast-growth, all-around value, large-cap, mid-cap and small-cap — and publishes these lists in the Ratings section of our Web site.
This list, updated daily, is based on data from the close of the previous trading session. Today, all-around value [...]
