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Monday, September 24, 2007

Two Energy Stories

Analysts watch, wince as Mexico's oil supply dwindles

MIAMI - When left-wing guerrillas in Mexico bombed several pipelines in simultaneous attacks this month, it sent a shudder through that country's large oil and gas industry.

The threat of economic sabotage by a shady group known as the Revolutionary Popular Army EPR poses a major new headache for the Mexican government. But Mexico's energy industry problems run far deeper than terrorist attacks on its infrastructure, analysts say, and have major implications for U.S. oil supply.

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China soaks up global uranium supplies

Having wrapped up a uranium supply deal with Australia a week ago, China is now setting its sights on pretty much all the big uranium suppliers. China's official target for nuclear power capacity is 40 GWe by 2020 and another 18 GWe in the following five-year plan at a cost of $50 billion.

Read the rest by clicking HERE.

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