North Bay Resources Inc. Completes Coronation Gold Joint-Venture Agreement

North Bay Resources Inc. announce that it has finalized and signed a contract with Lincoln Resources Inc. (“Lincoln”), a private Nevada corporation, to enter into a joint-venture for the development of North Bay’s Coronation Gold Property. Terms of the agreement call for Lincoln to commit up to $1.5 million CDN over three years for exploration expenses, developmental drilling, and... 

Higher Oil Prices Could Lead to Higher Overall and Core Inflation Rates: St. Louis Fed Analysis

Although the price of petroleum has moderated recently, a permanent increase to $150 per barrel by the end of 2008 could have a significant negative effect on the rate of real gross domestic product (GDP), at least in the short run, based on an analysis from the Federal Reserve Bank of St. Louis. Kevin L. Kliesen, an economist with the St. Louis Fed, analyzed the price of oil and the U.S. macroeconomy... 

Xcel proposes expansion of Becker coal-fired plant

Xcel Energy wants to boost capacity and reduce emissions at its coal-fired Sherco power plant in Becker, Minn., with a $900 million expansion. The proposal would add 140 megawatts of electricity to Sherco’s current 2,400-megawatt capacity and use state-of-the-art technology to reduce emissions of mercury, nitrogen oxides, sulfur dioxide and soot, Xcel officials said Thursday. Minneapolis-based... 

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Gas from shale

Companies working hard to squeeze more energy out of area rocks Producing natural gas from shale — a thin, nonporous rock — is the newest wrinkle at some of Oklahoma’s biggest energy companies and a source of energy some say could be vital to meeting U.S. demand. Encouraged by the explosive growth of natural gas production in North Texas’ Barnett Shale, Chesapeake Energy Corp.... 

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