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The Kentucky Geological Survey is taking inventory of state and university lands and attempting to discern by this fall whether any might have oil and gas potential.

Responding to earlier media reports, Mexico"s state-owned Petroleos Mexicanos (Pemex) confirmed it is reviewing performance in the Chicontepec oil region, but is not suspending work there.

Crude oil futures surged to a 2009 high above $75 a barrel, this morning, boosted by optimism about a global economic rebound.

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Economist Jeff Rubin cemented his reputation as a maverick when he left his position as chief economist at CIBC World Markets, and a 20-year-career there, to publish a book about the end of cheap oil and the end of globalization, as we know it.

In 2000, Rubin had told Calgary"s Petroleum Club that oil - then at an alarming 10-year-high of about $30 per barrel - would rise to $50 within five years. In 2005, he was among the first to correctly predict $100 oil.

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Turkmenistanrsquo;s President Gurbangulu Berdymukhamedov, following his dismissal of several key officials, appointed Oraznur Nurmiradov as Minister of Oil and Gas, Industry, and Mineral Resources.

Suncor Energy Inc. expects repairs to be complete by monthrsquo;s end to fire damage at one of its two oil sands upgraders north of Fort McMurray, Alta.

The US Environmental Protection Agency fined Sheridan Production Co. LLC $3,000 for violating the federal Clean Water Act.

Pacific Rubiales Energy Corp., Toronto, said the Quifa-10 appraisal well on its Prospect H near Rubiales heavy oil field in Colombia found a 44-ft gross oil column in Carbonera basal sands topped at 2,889 ft measured depth.

I look forward to the ASPO-USA conferences all year, because they consistently deliver good, solid data on the state of energy and afford an opportunity for vigorous and stimulating discussion with some of smartest and up-to-date experts in the world-particularly over dinner and drinks late into the night. This year was typically outstanding.

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Look. Sceptics can say what they want; it does not change the fact that our world is struggling to maintain daily flow-rates. Whether you agree with us or not, the energy reality is that the supply of conventional crude oil is very close to its peak and no other fuel source can fix the problem.

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