Canadian Energy Plays

"Canadian oil and gas trusts are a favorite of mine, thanks to their capital gains potential... and healthy dividends... Oil prices are at record levels, and natural gas is way up, too. Is this the time to sell these Canadian royalty trusts? Quite the contrary. They're still good, despite the risk of higher taxes and the difficulties of replacing reserves. Trust shares are oversold and are a buy now." Says Richard Lehmann, of Forbes.com
4/7/2008

Oil Is Little Changed After Drop on U.S. Fuel Demand Forcast

Surging oil prices and the faltering economy will lead to the first drop in summer gasoline use in 17 years, the Energy Department said. ``Oil-inventory levels are high, and U.S. demand is poor,'' said Kyle Cooper, an analyst at IAF Advisors in Houston. ``Demand is falling, and not slowly.''(Bloomberg.com)
4/9/2008

Chevron Pushes Mexico to Open Oil Fields to Outsiders

Chevron Corp. submitted proposals to tap oil and natural-gas reserves in Mexico amid declining output from the second-biggest crude-producing nation in the Western Hemisphere. Chevron, which triggered the Saudi energy boom with the 1938 discovery of oil in the kingdom, wants to make Mexico ``a big part of our portfolio,'' with Brazil and African producers such as Nigeria and Angola, said Ali Moshiri,(of Chevron) who oversees the company's oil and gas wells in Africa and Latin America.
4/8/2008

India to Make a Triumvirate

"A country which imports 73% of its oil cannot look at the political character of governments," energy analyst Narendra Taneja said. ''Gas has no nationality. We need energy to sustain our economic growth, pull people above the poverty line, create jobs. India has no option but to aggressively pursue its energy diplomacy.''