For Investors Only; Statoil To Introduce New Technology In Western Canadian Oil Sands

I would not have expected this. Futures suggest the price of oil that we saw yesterday will hold.

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How low can "they" go. Look at this, over at Yahoo!Finance:

The Fed has been winding down its massive bond-buying stimulus since early this year, and Kocherlakota said he has no plans to "relitigate" that decision, which puts the Fed on track to ending bond-buying altogether before the end of the year.

Instead, he said on Tuesday, the Fed must do better on returning the economy more rapidly to full employment and a healthy 2-percent pace of inflation.

The Fed has kept its short-term policy rate between zero and a quarter of a percentage point since December 2008, and Kocherlakota told the Greater Rochester Chamber of Commerce that "we should be thinking about" pushing it even lower.

"It's really about demonstrating a commitment to stay with the recovery for as long as it takes to get the economy fully recovered," he said.

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Four companies announce increased dividends/distributions, including Bank of New York Mellon and Plains All American.

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Statoil to deploy 14 new technologies in western Canada oil sands. Rigzone is reporting:

Statoil ASA aims to test and deploy over the next five-to-10 years up to 14 new technologies designed to reduce energy and water use when producing a barrel of bitumen from its Canadian oil sands operations. In its 2013 Oil Sands Report, published Tuesday, the Norwegian firm said the new technologies will improve or replace elements of its current SAGD (steam-assisted gravity drainage) method. T

he technologies have been included in plans for Statoil's Corner Project in Alberta, where the firm expects to achieve a 10-15 percent reduction in the volume of steam used to produce a barrel of bitumen.

Statoil has regulatory approval to produce 40,000 barrels per day from its Corner lease area.

Statoil said its oil sands production decreased "slightly" last year, to 15,000 bpd from 16,000 bpd in 2012. Meanwhile, its carbon dioxide intensity increased from 55.5 kilograms (122 pounds) per barrel in 2012 to 69.7 kilograms (154 pounds) per barrel last year, although this was lower than 2011's 72.7 kilograms (160 pounds) per barrel.

Statoil said the increase in carbon dioxide intensity was expected because of two operational factors: more steam being utilized in 2013 when a fourth steam generator was added to support new well pads as well as current production wells; and the firm experiencing an imbalance in the reservoir after a planned maintenance period.