Bald Eagle Energy Inc. (BEEI.OB), based out of Houston, is an oil and gas exploration company specifically formed to address America’s independence on foreign resources. While domestic energy companies produce 5.1 million barrels of oil per day (MMBOPD), US consumers use 20.7 MMBOPD. The current 15.6 million barrel shortfall is the gap that Bald Eagle is committed to reducing by tapping into the energy resources found in Alaska.

The North Slope Basin is known for its abundance of hydrocarbon with an estimated 27 billion barrels of discovered recoverable oil (BBO) and 52 trillion cubic feet of recoverable natural gas (TCFG). Compared to other parts of the US, the region has a low exploration-drilling density and is under-explored.

Bald Eagle entered into an agreement on April 18, 2008 to acquire a 100% working interest in six separate leases located on the Alaska North Slope.

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Western Standard Energy Corp. is an independent oil and gas exploration company focused on providing domestic energy resources for a secure America. By teaming with partners and third-party service companies that are willing to incur the majority of costs and work associated with the exploration and drilling process, Western Standard is able to retain a lean corporate structure that favors increased return on investment.

One of those partnerships is the newly signed agreement with East Dickenson Oil and Gas Co. The agreement covers a package of 10 State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. The new leases effectively add around 750 net acres to the company’s exploration assets. All the Leases have a 1/8 royalty to the State of North Dakota, with the exception of two of the Leases, which have a 1/6 royalty.

The U.S. Energy Information Administration projects world consumption of

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AmeriWest Energy Corp. (OTCBB: AWEC) was recently given a speculative strong buy rating from the research firm Bridge IR Group in their most recent research report. Contained in the report is an informed analysis that also projects a 12-month target price of $1.75. That value is a 450% return to investors at today’s market price of around $0.40. Ameriwest Energy already produces close to 35 barrels of oil per day (nearly $120,000 in monthly revenue) and has more wells coming online shortly.

Ameriwest is a growing, revenue-positive energy company producing underdeveloped oil resources in the prolific Rocky Mountain region of the United States. The company operates by utilizing their strategic combination of low-risk tertiary recovery projects and extensively mapped exploration plays that show significant upside potential. All projects incorporate considerable historical data and are in close proximity to excellent support infrastructure. Ameriwest has

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Brazil's central bank raised its benchmark interest rate three-quarters of a percentage point yesterday. Three of the eight directors expressed the view thatthe raise was excessive, which seems to indicate that the monetary tightening process may be nearing its close in this cycle. Policy makers voted 5-3 to raised the so-called Selic rate a fourth time since April to 13.75 percent from 13 percent in an attempt to keep a tight grip on inflation, and to confirm the Banks growing reputation as the "Bundesbank of Latin America". The decision raised Brazil's real interest rate - which is the nominal rate adjusted for the 6.17% CPI inflation -  to 7.58, the highest among emerging and developed economies alike. The dissenters on the board voted for a half-point increase.Real DeclineDespite the interest rate rise the real fell ...

Western Standard Energy Corp. (WSEG) is an independent oil and gas exploration company working toward providing domestic energy resources to the United States. The company is concentrating its exploration efforts to properties within the Bakken Formation region. Western Standard is currently working on two oil and natural gas projects: Starbuck East Prospect in Montana and Lodgepole Reef Prospect in North Dakota.

The U.S. Geological Survey (USGS) performed an initial assessment of the Bakken Formation in 1995. The USGS revisited the area and release its latest findings in April, 2008. New analysis indicates that the Bakken Formation may represent one of the largest domestic oil and gas opportunities in U.S. history. The USGS report estimates that the U.S. portion of the Bakken represents 3 trillion cubic feet (TCF) of natural gas and up to 4.3 billion barrels of recoverable oil, which is the largest continuous type of oil accumulation the USGS has

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Article Source Various individuals have argued for drilling in the Outer Continental Shelf (OCS) as a means to affect the price of oil. This is true despite this recent assessment by the Department of Energy's Energy Information Administration, the Federal Government's nonpartisan analytical group on energy issues. From Annual Energy Outlook related analyses (June 2007): The OCS is estimated to contain substantial resources of crude oil and natural gas; however, some areas of the OCS are subject to drilling restrictions. With energy prices rising over the past several years, there has been increased interest in the development of more domestic oil and natural gas supply, including OCS resources. In the past, Federal efforts to encourage exploration and development activities in the deep waters of the OCS have been limited primarily to regulations that would reduce royalty payments by lease holders. More recently, the States of Alaska and Virginia have ...

The biggest oil discovery in the Western hemisphere in three decades and speculation about the existence of an even larger deposit has turned Petroleo Brasileiro SA into the world's most expensive energy producer, at least in terms of its share price to profits ratio. Petrobras shares currently trade at 17.2 times profits after rallying 87 percent over the last year. (By way of comparison Petrobras's price-earnings ratio was 8.77 a year ago and under 5 back in June 2004).This makes Petrobas shares effectively twice as expensive as Russia's Lukoil and or the netherland's Royal Dutch Shell, and 50 percent more expensive than Exxon Mobil - which only this week announced that total output was down 10% in the first three months of 2008 when compared with a year earlier - as investors focus on the Rio de Janeiro-based company's oil finds rather than its falling profits. Lukoil trades ...