One company that has been turning the heads of investors of late is AlumniFuel Power Incorporated. A Philadelphia based company, AlumniFuel Power (API) is the wholly owned operating subsidiary of American Power Corporation and is an early-stage alternative energy company that utilizes state-of-the-art technology to generate hydrogen gas and steam for multiple niche applications that require on-demand fuel sources.

Today it was announced that API’s technology generated a surge of customer interest at the Naval Energy Forum which was held in McLean, Virginia last month. This was a major moment for the young company for a number of reasons, one of which is that the Naval Energy Forum was the first such major conference that strictly focused on energy to be conducted within the Department of Defense. The forum had over 700 people from government and industry alike in attendance and showcased such speakers as Secretary of Navy Ray

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TODAY: 70th anniversary of the outbreak of World War Two - officials meet in Gdansk for carve up of history; Putin acknowledges 'immoral' treaty and Katyn suffering; NATO receptive to plans for Russian defense; Stalin's grandson sues for libel; Other Russia leader detained; Arctic Sea carrying weapons?; five-year anniversary of Beslan. 'We meet here to remember who started the war, who the culprit was, who the executioner in the war was, and who was the victim of this aggression', says Polish premier Donald Tusk in Gdansk.  Reuters has a preview on the anniversary service - quoting a poll from Rzeczpospolita newspaper which says that most Poles believe that Russia carries equal responsibility for the outbreak of the ...

European orders increase more than expected… Was Cash for Clunkers necessary?… Roubini sees a ‘W’ not a ‘V’… Lessons from Mary Poppins…And Now… Today’s Pfennig!

Good day… And welcome to another week, the last one in August! The weather here in St. Louis has shifted toward fall, which is my favorite season. Chuck is flying back home from San Francisco today and will be back in the saddle tomorrow. Both he and the big boss, Frank Trotter, sent me some great Pfennig pfodder over the weekend so lets get right to it.

The dollar continued to drift lower throughout the trading day on Friday, with the commodity currencies of Australia, South Africa, and New Zealand leading the way. Confidence is returning to the markets, and investors are once again moving out of the ’safe havens’ of the Japanese yen and US dollar. The reports coming out of Jackson Hole indicate that central bankers believe

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Well the good news is that hurricane Bill missed Maine and the rest of the Eastern seaboard this past weekend. Too close for my liking. Huge surf and lots and lots of rain was the order of the day.

I thought you would like to see a picture of my father-in-law, Retired Admiral Harold Rich. We don’t use his formal title up here, but I thought you might notice his hat. You see, Harry loves to wear hats and I thought he would enjoy one of our new MarketClub hats.

It was Harry who came up  with the phrase “To small to succeed “ that I recently used in a blog posting. So that’s one of the reasons why Harry is modeling his new MarketClub hat, the other is that he looks darn good in one.

Just to keep you all

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Strategic American Oil Corporation is an up and coming young exploration and production company that made a major splash in the financial sector on August 6 when it announced that it has leased additional acreage in the Illinois Basin, which has the potential to recover approximately 4 billion barrels of oil according to the Illinois State Geographical Survey (ISGS).

Strategic has made their mark in Illinois with their mass amount of coverage. Currently, Strategic has leased 2,757.9 acres which cover several prospects in Jefferson County. In addition to this, the company leased 213.84 acres in Hamilton County which has been “farmed out” to Admiral Exploration Company with Strategic retaining a 5% ORRI (Overriding Royalty Interest) and a 10% back-in after payout.

ISGS has stated that Strategic’s Oakdale, Northeast, DST, and Waterflood Prospect (Jefferson County) are on trend with and offset fields that have produced 764,600 to 3,570,500 barrels of oil

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TODAY: Russia and NATO hold first military talks since Georgia incursion; differences remain; OSCE skeptical about security proposals; issues emerge for imminent Obama visit; the Romanovs returnNATO Secretary-General Jaap de Hoop Scheffer has said that Russia and NATO have resumed cooperation on broad security threats, but 'on Georgia, there are still fundamental differences'.  Fears of an incursion in Georgia are building as Russia begins its Caucasus 2009 war games.  According to the Washington Post, the military exercises are 'a reminder of the volatility of the region'.  Russia's attitude to Georgia has been met with sharp criticism from Western leaders.  At a ministerial meeting of the OSCE, opinion was unconvinced about Moscow's ...