Powder River Completes Second Well in Brookshire Salt Dome, Flow Tests 1017 BOPD
Press Release
Source: Powder River Basin Gas Corp.

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Have you ever wondered why your neighbour next door is changing his BMW every year? Have you ever wonder how the Middle East attracts attention from all over the world? Have you ever wondered which industry pays the best? Well, the common answer in all the 3 question is Oil and Gas. The oil and gas industry is one of the highest paying industry and most people involved in this industry regardless if you are an employee, shareholder, supplier, or service provider, you would have profited from the rising prices of this industry. Well, the reason is not as complicated as why US wants to go to war with Iraq. The reason is based on simple economics or demand and supply. Simply put, demand is rising and supply is limited (and depleting fast). In such an environment, profit margins are high and anyone involved in the supply chain will make $$$. Simple?

Have you ever considered a career in the oil and gas industry? Over the last 12 months, oil and gas stocks have risen by over 100%! The rise in oil and gas prices and stocks have put this industry on the radar screen and more jobs are coming up in this industry. Today, the O&G industry remian one of the most promising industry to be in. If you are interested, pls email me.

Why us?

We offer an unparallel career development platform that will help you and the people you work with achieve financial freedom over time. In short, be your own boss! We have dedicated mangers who will develop and mentor you towards achieving your personal goals. We have a strong team with expertise in O&G, marketing, sales, internet and system training.

An Energy Investment Consultant’s job is both challenging and potentially rewarding for individuals who are seeking to excel in the world of emerging investment products. Our advantage is the uniqueness of our product and the career it offers, not to mention the excellent working culture and climate that will stimulate and propel you towards success.

Arrange for a private and confidential discussion today!

Career Tracks

We have various career tracks for different individuals. Individuals who excel will be promoted to serivce private high net worth clients. Other benefits include:

1) Fully sponsored training
2) High commission (unlimited)
3) Fast promotion
4) Incentive trips
5) Free sponsored laptops*
6) Team supported sales tools
7) Sponsored internationally recognised courses worth US$2000

*on achieving targets

Email us today for a meeting to discuss.

We are recruiting in Singapore, Indonesia and Malaysia!

China's Jan.-July Crude Oil Imports Rise 13 Percent

China demand for oil is rising!

By Wing-Gar Cheng and Ying Lou
Aug. 10 (Bloomberg) -- China, the world's largest oil consumer after the U.S., imported 13 percent more crude in the first seven months of 2006 than a year earlier because of rising energy demand.

Imports increased to 84 million tons (616 million barrels)in January to July, the Beijing-based Customs General Administration of China said on its Web site today. The nation imported 10.6 million tons last month. Oil demand in China, where the economy expanded at the fastest pace in a decade in the first half, may increase 5.5
percent next year, the International Energy Agency said July 12.

Rising energy demand and stagnating output from domestic fields means China imports about 40 percent of its oil needs. The cost of oil shipments soared 49 percent to $38.4 billion in the first seven months, customs said. The bill for July imports reached $5.2 billion, it said, without giving a comparative figure or percentage gain. Imports of refined oil products increased 21 percent to 22 million tons in the first seven months and stood at 3.7 million tons in July.

China's oil exports fell 23 percent to 3.4 million tons in the first seven months, while oil-product exports dropped 19 percent to 7.1 million tons, customs said. China exported 420,000 tons of crude oil in July and 920,000 tons of oil products.
Coal exports dropped 14 percent to 36.6 million tons in the seven months and stood at 4.5 million tons in July.The nation's economy expanded 10.9 percent in the first half of 2006 and 11.3 percent in the second quarter.



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$100 Oil Sure Bet, Rogers Says; Forget About It, Merrill Demurs: Bloomberg

By Stephen Voss
July 24 (Bloomberg) -- Jim Rogers, the co-founder of George Soros's Quantum hedge fund, says oil prices will reach $100 a barrel, possibly this year. Merrill Lynch & Co.'s Francisco Blanch says no way. ``Unless somebody discovers something very quickly and very accessibly, we're all going to be dumbfounded at how high the price of oil will go, including me,'' Rogers said in an interview in Singapore.

Fighting in Lebanon between Israel and Hezbollah forces, backed by Syria and Iran, helped send New York crude oil for August delivery to a record $78.40 on July 14 on concern the violence may spread through the Middle East, the region that produces more than 30 percent of the world's crude. Not to worry, says Blanch, the head of commodities research at Merrill, the world's biggest brokerage. Oil supplies would have to stop from a country such as Iran, the second-largest Middle East oil producer, to drive the market higher, he said.

``It's unlikely we will see another price rally from here, unless the current conflict expands beyond its current borders,'' Blanch said in a July 17 interview in London. ``You'd need physical disruptions, and large ones, to bring the price to $100. You'd probably need to lose Iran.'' A growing number of Wall Street traders are siding with Rogers. Bets on futures contracts for $100 oil tripled in the past three months, helped by demand for fuel from China, the world's fastest-growing major economy.

Backing Rogers

Oil has tripled in four years to more than $74 a barrel and gasoline pump prices reached $3 a gallon in the U.S., threatening to damage economic growth. Rogers says the rally will accelerate as supplies decline from aging fields and reserves become more difficult to find. ``Commodity investors looking for $100 oil will see it,''
said Philip K. Verleger, an economist who founded PK Verleger LLC, a Newport Beach, California-based energy consulting firm. Only a U.S. recession can stop the advance to $100 a barrel before the end of next year, said Verleger, also a visiting fellow at the Institute for International Economics in Washington.

Oil prices have also climbed because of pipeline attacks in Nigeria and concern Iran might cut exports to fight efforts to curb its nuclear program. Iran, which says it seeks nuclear energy for peaceful uses, has the world's second-largest oil reserves.

`Low Probability'

U.S. crude inventories are swelling as OPEC members pump almost as much as they can. U.S. oil stockpiles are 9.5 percent higher than the average level of the last five years, according to the Energy Department. Investment in new rigs and refineries is paying off, increasing the cushion of spare capacity that protects against shortages. The Paris-based International Energy Agency estimates OPEC's idle crude oil capacity will reach 4.2 million to 6.1 million barrels a day in 2011, up from about 2 million a day now. Oil at $100 a barrel is ``a very low probability,'' said Tim

Evans, an energy analyst at Citigroup Inc. in New York. The $100 level became a market benchmark in March 2005, when Goldman Sachs Group Inc. analyst Arjun Murti wrote that ``we believe oil markets may have entered the early stages of a `super spike' period, which we now think can drive oil prices toward $105 per barrel.'' The report indicated a range between $50 and $105 through 2009. Oil last closed below $50 a barrel in May 2005.

The number of futures contracts bearing the option to buy crude at $100 this year is 53,047, triple the amount on April 21. The contract gives a buyer the right, but not the obligation, to buy a commodity at an agreed price within a set time period. The figures are for the September through December contracts.

Barclays's View

``$100 oil is not a ridiculous idea,'' Paul Horsnell, head of commodities research at Barclays Capital in London, said in a July 17 interview. ``It is a possibility'' should the Middle East conflict cut off supplies, said Horsnell, the second-best oil- price forecaster surveyed by Bloomberg last year.

Louise Yamada, an analyst who correctly predicted in July 2004 that oil would reach $67 within ``months to years,'' said she expects oil to reach $84 a barrel in the ``short term,'' then keep rising. ``I wouldn't be surprised to see oil in excess of $100,'' she said. Oil was near $40 when she made her 2004 prediction. It reached $67 a barrel in August 2005.

Adjusting for inflation, oil exceeded $86 in early 1981, when Iranian production collapsed following the country's 1979 Islamic revolution, according to U.S. Energy Department data. The first so-called ``oil shock'' was in 1973 and 1974, when inflation-adjusted oil prices rocketed fivefold to about $50 a barrel. It occurred after Saudi Arabia and other Arab producers halted exports to the U.S. The embargo, protesting U.S. support for Israel, resulted in American motorists waiting in long lines for gasoline.

Forecasts Rise

Barclays Capital's Horsnell and Kevin Norrish in January raised their 2006 New York oil price forecast to $68, including $72.20 for the fourth quarter, citing increasing risk to Iranian oil supplies because of the nuclear dispute. Goldman Sachs increased its 2006 forecast the same day, to $68.50 a barrel. ``Crude oil prices for the first quarter of 2007 are already trading at $80 a barrel, so to go to $100 would be the same as getting to $25 when oil was at $20, and there are a number of events that could do that,'' Horsnell said. Prices of $100 are
not in their base forecast, he said. Rogers said declining supplies from existing fields and a lack of new oil discoveries will drive prices higher. ``The bull market has about 10 or 15 years to run,'' he said. ``How high it's going to go I don't have a clue during that time, certainly over $100 a barrel or over $150 a barrel before
it's over.''

--With reporting by Brian Sullivan in New York, Joe Carroll in
Chicago and Mathew Carr in London. Editor: Tilles (tjc)

Effects of China growth... Do you know the effects on oil price?

By Christian Schmollinger July 12 (Bloomberg) -- China, the world's second-largestoil market, may increase consumption of the fuel by 5.5 percentin 2007, versus 6.1 percent in 2006, on strong economic growth,the International Energy Agency said. Demand for oil products, including gasoline and diesel,will rise to 7.4 million barrels a day in 2007, or 390,000barrels a day more than 2006, the Paris-based IEA, an adviser to26 oil-consuming nations, said in its Monthly Oil Market Report.

The world's fastest-growing major economy will continue tolead global oil demand growth, forecast at 1.8 percent next year,the IEA said. The nation's consumption has more than doubled ina decade, outpacing domestic output and forcing refiners toboost imports from producers such as Angola and Saudi Arabia.The boom contributed to record-high prices. China's demand ``is projected to remain strong over thesecond half of 2006 and throughout 2007,'' said IEA in thereport. ``With transportation fuels, which account for about 40percent of total demand, rising by approximately 6 to 8percent.''

China's demand growth is rebounding from a slowdown lastyear, to 2.6 percent from 15.8 percent in 2004. Higher retailprices for gasoline and diesel may temper demand growth, the IEAsaid today. China, which controls fuel prices to shield consumers andcompanies from rising energy costs, on May 24 raised the priceof gasoline by 10.6 percent, diesel by 12.3 percent and jet fuelby 10.3 percent. Oil demand in May grew by 11 percent asrefiners possibly geared up to supply the market ahead of theprice rise, the IEA said.

India's oil demand will climb by 2.8 percent to 2.7 millionbarrels a day in 2007, the IEA said. For the rest of Asia,demand will increase by 2.6 percent to 9.1 million barrels a day.