Chron Energy Newslinks | 07.20.09 | Too soon for $70, a new model for finding reserves

Oil investors jumped the gun: Overconfidence in the economic recovery behind climb to $70.

Exxon may face fine for ‘malicious’ sabotage: Company may have plugged abandoned wells with trash, sludge, explosives and concrete plugs, say TX Railroad Commission.

Chinese companies buy stake in Angola field from Marathon: Move by CNOOC and Sinopec is part of China’s quiet effort to buy reserves to feed its growth.

More than one kind of risk for foreign companies in Iraqi oil fields: As long as the country lacks the basic legal framework to for energy-related activities, it will remain extremely risky for any company.

Will Iraq just be a global gas pump?: “In a world of shrinking energy reserves, is Iraq finally fated to become what it was going to be anyway, even before the chaos and catastrophe set in?”

A new model for analyzing oil and gas kinds: “The ultimate goal is to predict the stable carbon isotopic composition of natural gas generated during thermal cracking of oil.”

Manitoba now the best in Canada for oil investing: Manitoba dethroned both Saskatchewan and Alberta as the most attractive for oil and gas investment, according to an international survey of petroleum executives and managers released by the Fraser Institute.

Building inspectors and environmental superheros: No single policy change could do more to save energy over the long run — and reduce the nation’s contribution to global warming — than building codes that make saving energy the law.

Feds offer oil lease sales despite D.C. Circ. Ruling: MMS proceeding with Gulf of Mexico sale despite decision that Bush-era program didn’t account for environmental damages.

Plans for a new interstate electric grid could be a big mistake: Stringing new high-voltage lines to bring wind power from the midsection of the country to the coasts “could be expensive and unnecessary, and a distraction from more urgent needs, some experts say.”

California: Jail Sentence in a San Francisco Oil Spill : 10 months for captain of ship in San Francisco Bay accident.

Cushing pipeline hub part of ABC oil special : Will “Over a Barrel: The Truth About Oil,” airing Wednesday illuminate or just be more of the same?

Bad time to be rich? Only if you don’t like taxes.

Ecuador unlikely to nationalize oil sector: This despite move against France’s Perenco last week.