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August 18, 2011

Energy Data Highlights

Crude oil futures price 8/16/2011: $86.65/bbl up$7.35 from week earlier up$11.41 from year earlier Natural gas futures price 8/16/2011: $3.932/mmBtu down$0.062 from week earlier down$0.298 from year earlier Retail gasoline price 8/15/2011: $3.604/gal down$0.070 from week earlier up$0.859 from year earlier Crude oil inventories 8/12/2011: 354.0 mmbbl up4.2 mmbbl from week earlier down0.2 mmbbl from year earlier Weekly coal production 8/6/2011: 20.466 million tons up0.299 million tons from week earlier down0.183 million tons from year earlier http://www.eia.gov/

Natural Gas/ Power News EIA Storage Release 8/11/11 (Actual): +25 Bcf Previous Week: +44 Bcf -6.6% Change from 1 Year Ago -2.8% Change 5-year Average Electric generating capacity additions in the first half of 2011 From January to June 2011, 162 electric power generators were added in 36 states, for a total of 11,255 megawatts (MW) of new capacity. Of the ten states with the highest levels of capacity additions, most of the new capacity uses natural gas, coal, or wind. Capacity additions in these ten states total 8,504 MW,

or 76% of the national total for the first six months of 2011. http://www.eia.gov/todayinenergy/detail.cfm?id=2690 Global LNG market tightening as new supply lags rising demand: analysts Increasing demand and a slowing rate of capacity addition has the global liquefied natural gas market on a "tightening path" that will lead to a rise in spot prices, Barclays Capital analysts said in a report Thursday. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7197746 EURO GAS: Big prompt gains as UK demand, German power prices rise Strong price gains were heard on prompt contracts across the continental European gas hubs by lunchtime Wednesday on short supply at the UK's NBP system and strong German power prices, traders said. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8245378 California fracking legislation appears poised for final passage The author of a bill pending before the California state legislature that calls for the regulation of hydraulic fracturing has garnered support from a broad cross-section of stakeholders and appears likely headed for passage, the bill sponsor told Platts Wednesday. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6385093 South Korea Strikes $84 Billion LNG Deals with Shell, Total South Korea announced long-term deals on Wednesday worth over $84 billion to buy gas from Australia equivalent to nearly a fifth of its demand from oil major Royal Dutch Shell and French energy giant Total. http://www.cnbc.com/id/44170350 Williams maintains $5.49 billion bid for Southern Union Williams Cos. is sticking to its $5.49 billion all-cash offer to buy pipeline company Southern Union Co., saying its a better deal for shareholders than Energy Transfer Equity LPs bid. http://fuelfix.com/blog/2011/08/17/williams-maintains-5-5-billion-bid-for-southernunion/

Green/ Alternative Energy News Crude Oil News

OPEC Daily Basket Price 8/17/2011 --$106.88 (8/16/2011 --$105.42) Recent Rig Counts Last Count Change Cou from Prior nt Count +39 Date of Prior Count 5 Aug 11 Change Date of Last from Last Year's Year Count +319 13 Aug 10

Area U.S.

12 Aug 1959

11 Canada Internatio nal 12 Aug 11 July 2011 464 1150 +30 -8 5 Aug 11 June 2011 +69 +41 13 Aug 10 July 2010

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

Oil dips on euro zone woe, slow global growth Oil dipped on Thursday as investors tried to lock in profit from their highest levels in about two weeks, with worries about euro zone debt problems and slower global growth outlook pressing on prices http://www.reuters.com/article/2011/08/18/us-markets-oilidUSTRE77838320110818

Brent Crude Below $111 on Euro Zone Woes, Firm Dollar Brent crude fell 0.2 percent on Thursday, staying below $111 a barrel on Thursday as ongoing concerns over Europe's debt crisis and a firmer dollar drew investors away from riskier assets like oil and into the safe havens of gold and the Swiss franc. http://www.cnbc.com/id/44182921 Crude Oil Falls in New York on Signs Slowing Economy Will Curb Fuel Demand Oil dropped from a two-day high in New York on signs that faltering economic growth in the U.S., the worlds largest consumer of crude, is causing supplies to accumulate http://www.bloomberg.com/news/2011-08-18/crude-oil-falls-in-new-york-on-signsslowing-economy-will-curb-fuel-demand.html

OPEC's June crude exports rose 425,000 b/d to 22.54 mil b/d: JODI OPEC's crude oil exports rose to 22.536 million b/d in June from 22.111 million b/d in May, a month-on-month increase of 425,000 b/d, according to data published this week by the Joint Organisations Data Initiative. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8250207

Oil sheen reported near BPs Thunder Horse platform in Gulf BP said today it spotted a silvery oil sheen measuring 2 feet by 30 feet on the surface of the water near its Thunder Horse oil platform in the Gulf of Mexico. http://fuelfix.com/blog/2011/08/17/oil-sheen-reported-near-bps-thunder-horseplatform-in-gulf/ Back in black: Oil drilling tops gas for first time in 18 years Natural gas drilling has been the dominant energy story in the U.S. for the past few years, but oil is back with a vengeance. http://fuelfix.com/blog/2011/08/17/back-in-black-oil-drilling-tops-gas-for-first-timein-18-years/ Better to Own Oil or Gold Gold futures surged to a record close yesterday. Open interest in the contract for December delivery stood at 360,671 contracts as of last night and the market settled at a record $1,785 an ounce. http://www.cnbc.com/id/44176219

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