reserves

The largest known oil shale deposits in the world are in the Green River Formation in Colorado, Utah, and Wyoming. Present U.S. demand for petroleum is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, 800 billion barrels of recoverable resources would last for more than 400 years.

Striker Oil & Gas, Inc. (OTCBB:SOIS) announced today that its reserves were more than $20 million on December 31, 2007 and its future revenues are in excess of $45 million. This amounts to approximately $1.00 per share in reserves and $2.00 per share in future revenues based upon approximately 20 million shares outstanding. The [...]

Do we underestimate the Crude reserves?This week oil prices escalated to a record $139 per barrel, but that may partly be because the amount of available oil in known reserves has been significantly underestimated. Black gold might not be as scarce as we thought. Oil companies produce a bell-shaped probability distribution for how much each oil reservoir might hold, and then quote as an

"According to the May 1, 2008 CCC inventory report there are o­nly 24.1 million bushels of wheat in inventory, so after this sale there will be o­nly 2.7 million bushels of wheat left the entire CCC inventory," warned Matlack.   "Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitari

AAM Concerned with CCC Inventories WASHINGTON - Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust. “According to the May 1, 2008 CCC inventory report there are o

Government bonds rose after Prime Minister Nguyen Tan Dung said the nation's foreign- exchange reserves are sufficient to help it intervene to maintain the currency's value. The dong declined. Benchmark five-year notes rallied after Dung said the country had a currency surplus of $1 billion in the first five months... [[ This is a content summary only. Visit my website for full links, other cont

PT Bumi Resources, Asia's biggest thermal-coal exporter, said it discovered 442 million of tons of coal reserves in Indonesia's part of Borneo island.The discovered reserve may increase the company's coal reserves by 31.5 percent this year, the company said in a statement in Jakarta. Bumi's shares rose.Indonesia News Blog:

The sight of the gallows focuses the mind. Now that oil is close to $140 a barrel, a number of potential solutions for the crisis that were not options a year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Indonesia's foreign exchange reserves fell 2.2 percent to $57.46 billion at the end of May from $58.77 billion at end-April, data posted on the central bank's website showed Thursday.Base money rose to 334.0 trillion rupiah from 324.19 trillion rupiah due to an increase in banks' deposits with Bank Indonesia, the central bank.Indonesia News Blog:

New data released this week shows that Iraq may have the most oil of any country in the world.No wonder the Bush administration has been so interested in Iraq from the very beginning.According to the new figures, not even Saudi Arabia has as much oil as Iraq does.So, do you think we will be pulling our troops out any time soon?Especially when we are building massive military bases around these oil

Viet Nam, which relies almost entirely on oil product imports as it lacks major refineries, plans to double gasoline and diesel reserves to 10 days of consumption by the end of 2008, state media said on Friday. The online newspaper VnExpress (www.vnexpress.net) quoted a proposal by the Trade and Industry Ministry as saying it had requested the government to add 220,000 metric tonnes to the

Reserves Need You But Your Child Needs You More! - Before you consider joining the Reserves, I ask you to consider how that decision will affect your child's entire life. Before you sign on the dotted line, I ask you to ask yourself who will take care of your child if both of you are called to duty at one time. This article explains why I ask you this. More: continued here Other Review: Monterey Sleigh Crib - White (Baby Product)

Open source database server MySQL is facing a new uprising within its customer base over plans disclosed this week to reserve some key upcoming features, and their source code, for paying users of its namesake database. Officials at Sun Microsystems Inc., which acquired MySQL in February, confirmed that new online backup capabilities now under development will be [...]

El director de la Agencia Nacional de Petróleo de Brasil, Haroldo Lima, anunció hoy el hallazgo de un yacimiento con una reserva estimada en 33 mil millones de barriles equivalentes de crudo, lo que lo haría el tercero mayor del mundo. Lima advirtió este lunes a periodistas que “nada está... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Well, If you still want to Wenger bash and want Usmanov to take over the Arsenal, you might want to reflect upon the plight of Chelsea fans this morning. Their draw against Wigan last night was met with a chorus of boos. I would warn these spoilt Chavs that if Abromovich decides to take away [...]

Legacy Reserves LP (NASDAQ: LGCY) has filed to offer up to $500 million in limited partnership interests and debt securities. The independent oil and natural... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Glen Little played 67 minutes as the reserves earned a 2-0 home win over Portsmouth tonight.It was Glen's first start in exactly a year, and he will very much have benefitted from the runout against Pompey's second string.The 32-year-old has faced a year of treatment for Achilles problems since he last played for the Royals in a 1-0 defeat at Tottenham on 1 April 2007.Murty also fit again so could show an appearance on Saturday against Newcastle.Reserve squad was as follows:Reading Reserve squad: Federici; Murty, De La Cruz (c), Duberry, Sonko; Cisse, Fae, Little (Sigurdsson 67), Convey; Henry, LongSubs: Andersen, Kelly, Golbourne, Illugason

There is enough oil in the North Slope of Alaska to provide for America’s energy needs for the next 200 years. left-North Dakota oil fields are booming, according to one report. America’s untapped oil reserves are vast and waiting. There is enough oil in the North Slope of Alaska to provide for America’s energy needs for the next 200 [...]

There is enough oil in the North Slope of Alaska to providefor America's energy needs for the next 200 years.left-North Dakota oil fields are booming, according to one report.America's untapped oil reserves are vast and waiting.There is enough oil in the North Slope of Alaska to provide for America's energy needs for the next 200 years.Before making Americans jump through the tiresome hoops of more government regulation in the pursuit of energy conservation, controls should be lifted that keep American companies from exploiting oil reserves which sit below the surface of the USA.America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formati

These are grim days for Mexico's state-owned oil monopoly, PEMEX. After decades of mismanagement, corruption and use as a piggybank by the federal government, PEMEX has plunged into a crisis marked by sharply declining oil reserves. Though global oil prices are at all-time highs, the state... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Arijit Ghosh and Aloysius Unditu March 24 (Bloomberg) -- Central banks from 16 Asian nations may invest more of their $1 trillion of foreign reserves in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Forex reserves rose USD 3,028 million to touch USD 306,488 million as on Mar. 21, 2008, mainly due to the increase in foreign currency and assets collections, on a weekly basis.As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Mar. 21, 2008, foreign currency and assets moved up USD 3,025 million to USD 296,496 million.During the same period, the reserve position in the International Monetary Fund (IMF) increased by USD 3 million to USD 434 million. While, gold reserves were flat at USD 9,558 million.Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.

Indonesia has 904.52 billion tons of carbon fields, which will allow this Asian country to satisfy its energy needs for 452 consecutive years, the Indonesian Ministry of Energy and Mineral Resources said Thursday. A news release from this Indonesian institution informed that deposits for 5.3 billion tons have been located and prepared for exploitation. Of the total, 83 percent or 4.39 billion tons are located in the Kalimantan region of Borneo, and the rest -905 million tons- are in the island of Sumatra.Indonesia News Blog: http://indosnesos.blogspot.com

Foreign governments with tremendously high dollar reserves seem to be on the hunt for investments. As the dollar weakens and reserves erode governments find investing in American corporations more and more attractive.Investment banks seem to be in the spotlight these days after taking painful blows due to the subprime crisis. Apparently stock prices have become attractive enough especially for China and OPEC countries which have significant amounts of dollar reserves and are more the happy to answer the banks' cries for liquidity.The Chinese government has just announced, through it's investment corp (CIC), a $5 billion investment in Morgan Stanley after the latter announced a $9.4 billion write-down on subprime linked investments. This investment follows a 3 billion dollar investment in the private equity firm Blackshire group for just under 10% ownership.Abu-Dhabi recently purchased a $7.5 billion stake in City Group with what appears to be a change of strategy for the largest oil

Related Post on MalaysiaKini: Banks share some blame too Tired of Malaysian politics? Come and visit Orlando's Walt Disney World Resort anytime soon and have the fun of your life! Technorati Tags: bank negara, reserves, malaysia, malaysiakini

The National Iranian Oil Company has launched a major gas exploration operation in two of the country's northeastern provinces. The company has kicked off its new exploration project in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The National Iranian Oil Company has launched a major gas exploration operation in two of the country's northeastern provinces.The company has kicked off its new exploration project in the provinces of Northern Khorasan and Khorasan Razavi, with the aim of finding new gas reserves in the region.According to recent reports, extensive research has been carried out in the area, including two-dimensional seismic surveys and non-seismic geophysical studies.If successful, the operation will lead to the drilling activities in the region, an expert said. Up to 7,700,000 Euros have been invested in the project, he added.At the moment, around 89 thousand families in the province of Northern Khorasan benefit from household gas.Via: PressTV National Iranian Oil Company,Khorasan Razavi,Northern Khorasan,Iran,gas reserves,energyblog

  Arsenal moved clear of Chelsea in the Reserve League South table with a hard-fought 1-0 win at Griffin Park on Monday night. Kieran Gibbs, returning from injury, scored the only goal of the game to make it three wins out of five for the young Gunners. This was Arsenal's second game in six days so Neil Banfield called on the first-team experience of Denilson, Justin Hoyte and also Alex Song as the Frenchman continued his recovery from an calf injury. It was ultimately this that proved the decisive factor. Both teams started tentatively, but it was Arsenal who got the earliest sniff of goal on six minutes. Nacer Barazite fed Rui Fonte but the striker's shot from the corner of the box lacked venom and was saved at the keeper's near post. With 12 minutes gone the Gunners had another sight of goal. Abu Ogogo, playing in an advanced role in midfield dispossessed Patrick van Aanholt, and fed Rui Fonte. Fonte returned the favour and when Ogogo cut in from t

Bank Indonesia, the central bank, said Tuesday its foreign exchange reserves stood at 52.88 billion US dollars on Sept 24, up from 51.43 billion dollars at the end of August.The central bank has projected that its forex reserves will rise to 56.2 billion US dollars by the end of the year from 42.59 billion dollars at the end of 2006.Bank Indonesia said that base money increased to 300.30 trillion rupiah on Sept 24 from 298.04 trillion rupiah at the end of August, driven up by money in circulation.Indonesia News Blog: http://indosnesos.blogspot.com

Iran has discovered in-place reserves of 11.4 trillion cubic feet of sweet gas in a southern field, a senior official was quoted as saying. Mahmoud Mohaddes, head of exploration of the National... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Iran oil reserves rise by 72b barrels 33 oil and gas fields have been discovered in Yomhūrī-ye Eslāmī-ye Īrān over the past decade, increasing the country's oil reserves by 72 billion barrels. A National Iranian Oil Company official said at least 72 billion barrels of oil have been found in Iran in the last ten years, 15 billion of which have already been excavated. Mahmoud Mohades added that a total of seven billion barrels of natural gas have also been found. A total of 1.3 billion barrels of the natural gas have been distilled to date.Via|PressTV fotolog|fotolog|IRAN|National Iranian Oil Company,NIOC,Iran,Mahmoud Mohades,oil reserves,energyblogFound this post useful? Consider subscribing to The Energy Data Warehouse Feed/RSSThanks a lot To my reliable visitors !

Iran oil reserves rise by 72b barrels 33 oil and gas fields have been discovered in Yomhūrī-ye Eslāmī-ye Īrān over the past decade, increasing the country's oil reserves by 72 billion barrels. A National Iranian Oil Company official said at least 72 billion barrels of oil have been found in Iran in the last ten years, 15 billion of which have already been excavated. Mahmoud Mohades added that a total of seven billion barrels of natural gas have also been found. A total of 1.3 billion barrels of the natural gas have been distilled to date.Via|PressTV fotolog|fotolog|IRAN|National Iranian Oil Company,NIOC,Iran,Mahmoud Mohades,oil reserves,energyblogFound this post useful? Consider subscribing to The Energy Data Warehouse Feed/RSSThanks a lot To my reliable visitors !

International Reserves of BNM : 14 September 2007 The international reserves of Bank Negara Malaysia :RM334.9billion (equivalent to USD97 billion) The reserves position is sufficient to finance 8.8 months of retained imports and is 7.1 times the short-term external debt. BNM Statement of Assets & Liabilities link:http://www.bnm.gov.my/index.php?ch=12&pg=142&sdate=2007-09-14

The struggle for Iraq's oil flares up as Kurds open doors to foreign investors.At the end of a rough dirt track, on a sun-baked hillock once the domain of scorpions and snakes, squats an odd settlement of caravans, generators and drilling rigs that is at the heart of the battle for Iraq's oil."Welcome to Texas, Kurdistan," said Karim Ali, as his taxi bounced to the gates of the Taq Taq oilfields, on the undulating plains of Koi Sanjaq, some 80 miles south-east of Irbil. "Soon we'll all have big hats and cigars like them," he said, nodding at a group of oil workers passing by on a pickup truck.Like many Iraqis, Karim appeared convinced that the country's vast reserves of crude, the bedrock of its economy, were about to be siphoned off by major US oil corporations. The presence of "foreigners" here at Taq Taq merely cemented his certainty.With the Bush administration pressing the Iraqi government to pass a new hydrocarbons law, there are widely voiced assumptions that it will bulldoz

Economic planners worry that the export-fueled flood of cash surging through China's economy is driving dangerously fast investment in stocks, real estate and other assets.The money-supply surge strains the central bank's ability to contain pressure for prices to rise. The bank, China's equivalent of the U.S. Federal Reserve, drains billions of dollars a month from the economy through bond sales, piling up reserves that have topped $1.3 trillion. Still, deposits at Chinese commercial banks top $4 trillion, and are growing by tens of billions of dollars a month, leaving plenty of money for new lending.

Bank Indonesia said Thursday its foreign exchange reserves rose to 51.88 billion US dollars at the end of July from 50.92 billion dollars in June.Indonesia News Blog: http://indosnesos.blogspot.com

Play Video China Orders Lenders to Increase Reserves to 12% Bloomberg-Clip - (BLOOM-Clip) Jul. 30, 2007. 08:00 AM EST Also, Paulso Rejecting Criticism of China Negotiations mortgage news, Mortgage Video, Todays Economy ---Related Articles at Consumer Mortgage Reports:Wall Street BleedingToday's Economy: Home Sales, Homebuilders And DefaultsPrices Tick Up Amongst Subprime Mortgage WoesCountrywides New Twist In Subprime FalloutToday's Economy Is Improving And Getting Even BetterSubprime Fallout Contained: Concerns Are Overdone - With a Small Overall Impact

The international reserves oat Bank Negara Malaysia amounted to RM339.7 billion (equivalent to USD98.4 billion) as at 13 July 2007. The reserves position is sufficient to finance 8.9 months of retained imports and is 8.7 times the short-term external debt. This time the international reserve is less 1 bilion compare with 629/6/2007 international reserve.

Total signed a long-awaited deal Friday to develop the giant Shtokman gas field with Gazprom that will allow it to book part of the Arctic field's lucrative reserves. Total CEO Christophe de Margerie and Gazprom deputy CEO Alexander Ananenkov signed a 25-year deal to develop the first phase of Shtokman, a field set to supply huge amounts of gas to Europe and North America when it comes on line within the next decade. Gazprom CEO Alexei Miller, who remains ill with a kidney ailment, did not attend the signing at Gazprom headquarters, but announced the surprise deal in a statement Thursday. Total, which had been seeking entry into Shtokman for years, will take a 25 percent stake in the field's operating company. Gazprom has reserved the right to sell a further 24 percent to one or two of the companies still hoping to join the project, but will maintain a 51 percent controlling stake. It will also hold full control of license holder Sevmorneftegaz and "be the owner of the whole amount o

Total has all but secured reserves from Gazprom’s giant Shtokman gas field in the eastern Barents Sea, after a signing ceremony in Moscow Friday clinched a 25-year development deal, with options. “It's a technicality, but yes, we will be able to book reserves,” Reuters quoted Total boss Christophe de Margerie as saying. Gazprom and Total will set up a “special purpose vehicle” to organize the design, financing, construction and operation of the Shtokman Phase 1 infrastructure. The entity will own Shtokman infrastructure for 25 years from field commissioning. Once Phase 1 is over, Total will transfer its 25 percent share in the project company to Gazprom, ostensibly in return for reserves. Gazprom owns 100 percent of Shtokman license holder OOO Sevmorneftegaz and will have sole marketing rights to gas in the 3.7-trillion-cubic-metre field. Shtokman Phase 1 will produce 23.7 billion cubic metres of natural gas a year. Deliveries of pipeline gas are expected to start in 2

Venezuela continues negotiations with major oil companies that have withdrawn from the nation in the face of President Hugo Chavez's nationalization of the industry, but will not back down from insistence on Venezuelan control, its ambassador to the United States said in Houston today. Venezuela will hold the majority control in upstream operations, Ambassador Bernardo Alvarez said in a meeting with the Chronicle editorial board. "We want partnerships with private companies, but with that rule." Alvarez also said he does not believe the United States will attempt to confiscate Venezuelan assets in this country, including five refineries, as compensation for oil company assets in Venezuela. He hopes his country and the companies involved will reach agreement. Last month, Houston-based ConocoPhillips and Irving-based Exxon Mobil refused to accept new working terms for their Venezuelan operations. Venezuela's national oil company, Petróleos de Venezuela, known as PDVSA, absorbed their

NEW YORK (AP) — Second-year players Seimone Augustus, Candice Dupree and Cappie Pondexter were among the WNBA’s All-Star reserves announced Monday, each earning the honor for the second straight season. Augustus, the reigning rookie of the year with Minnesota, is second in the league in scoring at 22.3 points per game — trailing only Seattle’s Lauren Jackson (22.6). Dupree is third at 19.5 for Chicago. Joining Augustus and Phoenix’s Pondexter as reserves for the Western Conference at more…

Vietnam has seen record increases in foreign currency reserves in the first half of 2007, due to rising indirect investment in the stock market and a stabilised domestic exchange rate.State Bank governor Le Duc Thuy said the increases in foreign currency reserves had tripled those of 2006 in the first five months of this year.“The central bank of Vietnam will continue to invest in foreign currencies in the next few months to meet the target level equal to 20 weeks of imports,” said Thuy.According to the IMF, Vietnam’s total foreign currency reserves were equal to 12 weeks of imports at the end of last year, reaching the minimum international standard for foreign currency reserves.The reserve increase helps stabilise the exchange rate between the Vietnamese dong and the US dollar with a fluctuation rate of around one per cent by the end of this year. While the Vietnamese dong fell against the US dollar at the end of 2006 and in the beginning of this year, the interbank nominal eff

For those who missed it (i.e. anyone outside of the Saskatoon StarPhoenix distribution radius), below is an editorial from Saturday's paper supporting Saskatchewan Liberal Leader David Karwacki's call for a re-look at the emerging urban reserve system in Saskatchewan:Karwacki's idea for urban reserves worth consideringThe concept of using urban reserves as an economic development model for First Nations people isn't new, with the Muskeg Lake band's operations in Sutherland in Saskatoon providing a great example.However, provincial Liberal Leader David Karwacki's call to "open a principled discussion" about taking that further to make urban reserves into enterprise zones and eventually to introduce a First Nations-run progressive taxation system for on-reserve earnings is a bold idea that's worth a closer look.Given Saskatchewan's demographic and economic realities, what Karwacki proposes makes eminent sense, especially in an era when the federal government's eagerness to proce

Today’s worth of Gazprom reserves is estimated at $182.5 billion, Gazprom Neft has $24 billion, RIA Novosti reported referring to Alexander Ananenkov, deputy chairman of Gazprom management committee. The current worth of Gazprom reserves stands at $182.5 billion, Ananenkov said, pointing out that the amount doesn’t take into account Gazprom Neft reserves estimated at $24 billion. So, the aggregate worth of Gazprom reserves reaches $206.5 billion.“Our partners have definite confidence in reliability of resource base of Gazprom,” Ananenkov emphasized. As to the gas production, it will probably reach 670 billion cu meters in 2020, though the target is just 590 billion cu meters, Ananenkov said. “With positive or super-positive market environment, we can reach this level of production,” Ananenkov pointed out, specifying that 2010 production is forecasted at 560 billion cu meters at the maximum but may sour to 570 billion cu meters in case of need.LSE, Gazprom, Rosneft CEOs

Today’s worth of Gazprom reserves is estimated at $182.5 billion, Gazprom Neft has $24 billion, RIA Novosti reported referring to Alexander Ananenkov, deputy chairman of Gazprom management committee. The current worth of Gazprom reserves stands at $182.5 billion, Ananenkov said, pointing out that the amount doesn’t take into account Gazprom Neft reserves estimated at $24 billion. So, the aggregate worth of Gazprom reserves reaches $206.5 billion.“Our partners have definite confidence in reliability of resource base of Gazprom,” Ananenkov emphasized. As to the gas production, it will probably reach 670 billion cu meters in 2020, though the target is just 590 billion cu meters, Ananenkov said. “With positive or super-positive market environment, we can reach this level of production,” Ananenkov pointed out, specifying that 2010 production is forecasted at 560 billion cu meters at the maximum but may sour to 570 billion cu meters in case of need.LSE, Gazprom, Rosneft CEOs

Asian countries agree to pool their financial reserves. Lawlessness in Mexico casts doubt on whether the government is winning the fight against gangs. A damaging report on ethics among soldiers. Meanwhile, the army gives substantial freedom to soldiers who write blogs. Hizbullah says it is prepared for another war. The prickly politics of power cuts in India. LOCAL NEWS: In North Minneapolis, home foreclosures are taking a toll. VIDEO OF THE DAY: A Tribe Called Quest, with “Scenario.” Comment section is yours. Email this post...

by Maher Chmaytelli Saudi Arabia aims to increase crude- oil reserves by 76 percent and gas reserves by 40 percent, to retain its position as the world's biggest petroleum exporter. Saudi Oil Minister Ali al-Naimi said today the country plans to add 200 billion barrels of oil reserves to the 264 billion barrels it currently holds. It wants to lift gas reserves by 100 trillion cubic feet, or TCF

From BloombergApril 29 (Bloomberg) -- China ordered banks to set aside more money as reserves for the seventh time in 11 months to try to prevent an accelerating economy from overheating.Lenders must put aside 11 percent of deposits starting May 15, up from 10.5 percent, the central bank said on its Web site.Premier Wen Jiabao is trying to stop a flood of cash from an export boom from fueling wasteful investment, inflation and a stock market bubble. China's benchmark share index has rebounded 41 percent after the Feb. 27 plunge that sparked a global equities rout.``The liquidity problem is the hardest to deal with,'' said Kent Yau, an economist at Core Pacific-Yamaichi International Ltd. in Hong Kong. ``If it fuels consumption, it's a happy thing, but the government is growing more concerned that it will fund investment or go into the stock markets.''Economic growth accelerated to 11.1 percent in the first quarter, driven by a trade surplus that almost doubled to $46.4 billion. T

by Andrew Corn (SeekingAlpha) An interesting constituent in the Clear Spin-Off index licensed for the Claymore/Clear Spin-Off ETF (CSD) is the Pennsylvania natural gas company, CNX Gas Corporation (CXG). Operating primarily out of the Appalachian Basin, the firm explores, develops and produces natural gas in the form of coal bed methane. Originally created in order to extract this form of

From Inside Bay AreaECONOMISTS DON'T LIKE to admit to being stunned by anything, even in unpredictable Asia. UBSAG's Jonathan Anderson couldn't seem to help himself.The cause of the Hong Kong-based economist's dismay: China's currency reserves rose $1 million a minute in the first quarter."This is more than just a jump," Anderson said. "The magnitude and the abruptness of this acceleration are simply stunning."After average reserve growth of about $20 billion a month in 2006, February and March this year had increases of almost $50 billion — and $136 billion for the quarter. The total is now $1.2 trillion. "Just when we had convinced ourselves that China's 2007 releases had nothing left to shock us, the first quarter FX reserve numbers came in," Anderson said.While all this raises many questions, three are probably foremost on investors' minds. One, why are reserves increasing so fast? Two, what in the world will China do with that money? Three, can China continue avoiding big

The Indonesian foreign exchange reserves have risen significantly over the last three weeks to set a new record, getting very close to the full year target of 51 billion US dollars, a central bank official said Friday. The international reserves were recorded at 49.4 billion dollars this week against 47.2 billion in the end of March, Bank Indonesia deputy governor Aslim Tadjuddin told reporters here.

Imagine if our Iraqi brothers could get their act together, they could be as well off as their Kuwaiti or Saudi neighbors. It would be interesting to see whether oil riches calm Iraq down by causing everybody to see the potential for wealth or whether it only makes things worse by stoking rivalries between groups anxious to control the oil. Full Story => Read more!

MySpace just updated its Terms of Service with the following sentence, which wasn't included in the previous version: "MySpace expressly reserves the right to remove your profile and/or restrict, suspend, or terminate your access to any part of MySpace Services if MySpace determines, in its sole discretion, that you pose a threat to MySpace and/or its Users." The previous version, however, had included the text "restrict, suspend, or terminate your access to all or any part of the MySpace Services at any time, for any or no reason, with or without prior notice, and without liability," but the newly-updated version is a lot stronger. There's no word as of yet as to what constitutes an "unacceptable" MySpace user or profile. [via Wired]

Iraq has oil reserves that are estimated at over 300 billion barrels, making the country the world leader in this sphere, the Iraqi oil minister said Saturday. In his interview with the Lebanese Al Mashrik newspaper, Hussain al-Shahristani did not specify, though, whether this figure referred to confirmed oil reserves or to a general estimate. According to official data, Iraq's confirmed oil

Australia, who claims 42 per cent of the Antarctic landmass covering 5.9 million square kilometres, might have difficulties "protecting" their property from interlopers should the world have a shortage of natural resources in the not so distant future, Herald Sun reported. Although never universally recognised, nobody has ever disputed Australia's claim. But Antarctica possesses vast mineral

After the rather doom and gloom piece the last entry, I found this gem of an article in MEN (Manchester Evening News). It gives a rather nice round up of the players who are on loan. It's probably a puff piece, but still a good read for those of us who are unable to follow the progress of our future stars.Worthy mention of Johnny Evans, Giuseppi Rossi, Ben Foster and Lee Martin, who I think are all in contention of breaking the first team based on what limited footage I've caught on them the last couple of years.

Quite frankly, I don't know why I bothered to even stay up to watch this game. I'm not too sure why I bother with the reserve games at all. I've caught the last couple of reserve games as well and quite honestly I don't think we're going to promote anyone from the youth squads for sometime.To be fair, half the actual reserve squad has been out on loan, so we're playing mostly the under-18s. Still the quality just isn't there. Last week we got burnt 3-0 by a pretty strong Sheffield United side. Today we edged out a strong Everton side 1-0. With the exception of Chris Eagles, who is already in the first team, no one stood out.You can understand the frustration Brian McClair feels running the academy. I got this link in my mail yesterday and found it to be a bloody good read. It's from a source I seldom visit, The Herald (Scotland). It's recommended reading.

Xiou Xioachuan, Chinese central bank governor, apparently read Lauriston Letter's fun things to do with a Trillion in Reserves and got the message. He was humiliated by the fun that Lauriston poked. Xioachaun now says the Chinese government will stop accumulating foreign reserves!!! That could surely mean trouble for the dollar.

Did you know China has more than $1 trillion in foreign currency reserves after posting huge trade surpluses year after year !! Add to that China's reserves is growing at $20 billion every month !! For China, that is simply spectacular, for U.S. well...sigh*So what does China do with the 1$ trillion ? Right now they have invested approximately 75% in low-yielding U.S. Treasury securities and other dollar-denominated assets. The rest in euros and a small amount in yen. Returns on this investment has been less than 3% last year. Not quite exciting. But that is going to change....Need a ChangeChina now plans to make better use of their reserves and reap in more profits. One way to do that is create an investment company, and that is exactly what they are upto. China will soon create one of the world's largest investment funds, with diversification in global stocks, bonds and commodities markets. It is estimated that they will allocate somewhere between $200 to $400 billion to this new

The Law Society of Upper Canada (LSUC) is using its cash reserves for paralegal regulation, to begin the intial startup process. The startup budget is designed to cover the costs of paralegal regulation through early 2008, when actual numbers of paralegal licenses are known and a budget outlining regular operating costs will be part of the LSUC's annual budget.The first paralegal licenses will be granted in early 2008, and paralegals who are eligible can apply for grandparent status from May until October of this year. Grandparent status will be granted to those paralegals working for three out of the last five years. Transitional status will be considered for paralegals with relevant education or experience. Those who are not eligible under grandparent or transitional status will be considered under the permanent model, and will be eligible for licenses beginning in 2009. Paralegals wishing for licenses will be required to sit for an exam.

Foreign exchange reserves in Indonesia rose by 161 million U.S. dollars to 43.3 billion dollars at the end of January compared with the previous week, according to a central bank report reaching here Thursday.Bank Indonesia said the international reserves were predicted to hit 47 billion dollars by the end of the year on estimate of increasing surplus in the current account balance.

The Indonesian government has claimed exploration activities in 2006 had found 22 new oil wells with combined reserves of 1.2 billion barrels, local media reported Wednesday. The explorations also found proven gas reserves of 1.4 trillion cubic feet in ten wells, reported leading economic daily Bisnis Indonesia, quoting an official as saying. The discovery will help the government overcome falling output due to natural depletion, said Kardaya Warnika, head of the Upstream Oil and Gas Business Executive Body (BP Migas). The country's oil production averaged 1.01 million barrels per day in 2006 from 1,046 well fields. Production is targeted at 1.05 million barrels per day in 2007 from 878 existing fields and 161 new fields, he said.

ALL STAR RESERVES ANNOUNCED!The NBA All Star games reserves have been announced for both conferences and I want to break down the ones that interest me.First, in the Eastern conference. What first jumps out at me is why wasn't there a message in big print on the ballots saying, "DON'T VOTE FOR ANYONE FROM THE ATLANTIC, THEY ARE HORRID TEAMS." I know the game is to produce an exciting up the court I am going to score more than you kinda game, but the Atlantic is the worst division ever in basketball this season in my opinion. The players who made it from the Atlantic are VC and JKidd. I don't want to take anything away from these players and their achievements this year, because let's face it, if you are in that division right now there is one record over 500. No one from those teams should make it, with one exception though, Bosh. The reason Bosh is allowed is because his team has made improvements this year and he is a big factor in leading them into an elite state.Now to the con

Villa Reserves draw 1 - 1 with Fulham, and Luke Moore gets a goal on his return to fitness.just as with the full squad Villa had many chances but had trouble finishing.a little finishing practice will put it right, we're creating chances and the team is on the up.