Peak Oil and Petrobras

Tony Daltorio, Investment U Research

Back on Wednesday, September 9, I wrote on how to profit from British Petroleum ADR (NYSE: BP)’s huge discovery in the Gulf of Mexico, and how to profit from peak oil.

And while I stand by the profitability of both that find and stock, I think I should clarify that “peak oil” really doesn’t exist anymore. So instead, let’s call it peak-cheap-and-easily-recoverable-oil instead, since that seems much more appropriate.

The days of cheap and accessible oil are long gone, but that very fact opens up rich opportunities for investors who face up to the realities of today’s oil market.

Possibly the biggest reality comes down to this: Giant oil fields are the industry’s lifeblood. Out of the world’s 70,000 oil fields, the largest twenty account for a quarter of global production.

That’s

Oil and gas exploration company Pacific Asia Petroleum Inc. (PFAB.OB) today announced it has inked an amended agreement with Well Lead Group Ltd., in which Pacific Asia will acquire a 51 percent stake in several Well Lead-related onshore oil production companies in the People’s Republic of China.

The agreement correlates with Pacific Asia’s intentions on developing a wide range of energy operations, including alternative energies, in China. In September of 2008, Pacific Asia entered into an agreement with Well Lead regarding the sale and purchase of up to 39 percent of Well Lead’s interests in Northeast Oil Development Company Ltd.

Since that time, Pacific Asia and Well Lead have altered the arrangement to expand the potential acquisitions to include more Well Lead interests in additional oilfields in China, bringing the aggregate acquisition to a 51 percent interest.

Frank C. Ingriselli, president and CEO of Pacific Asia, said his company looks

Bald Eagle Energy announced today that Andrew S. Harper has been named the company’s Chief Executive Officer (CEO). Mr. Harper replaced acting CEO Alvaro Vollmers who remains as the company’s Chief Financial Officer (CFO). Andrew Harper brings extensive experience to Bald Eagle Energy as he brings nearly three decades of international oil and gas exploration and development expertise.

Alvaro Vollmers, Bald Eagle’s CFO, stated, “We are pleased to have Mr. Harper come on board Bald Eagle. His recent experience allowed him to seek and evaluate new US and international venture opportunities, while applying the knowledge he acquired over his broad geological and managerial career. We believe that his leadership will benefit the growth and development of Bald Eagle.”

Mr. Harper has had numerous high-level responsibilities including supervision of new ventures evaluations; technical geological and geophysical studies; economic evaluations and political risk assessments; seismic surveys and