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"Exxon Reaches Arctic Oil Deal With Russians"

"MOSCOW — Exxon Mobil won a coveted prize in the global petroleum industry Tuesday with an agreement to explore for oil in a Russian portion of the Arctic Ocean that is being opened for drilling even as Alaskan waters remain mostly off limits.

The agreement seemed to supersede a similar but failed deal that Russia's state oil company, Rosneft, reached with the British oil giant BP this year — with a few striking differences.

Source: NY Times, 08/31/2011

"U.S. Farm Income Tops $100 Billion For First Time In 2011"

"U.S. farm income will soar past $100 billion for the first time in 2011 following rising cash receipts for everything from corn, wheat and cotton to soybeans, the Agriculture Department said on Tuesday. U.S. farm income is forecast at $103.6 billion for 2011, up $24.5 billion, or 31 percent from 2010. Much of the increase is the result of higher crop values, which are expected to rise by $33.6 billion.

Source: Reuters, 08/31/2011

"Katia Is New Atlantic Storm, Not Clear If Threat To U.S."

"The U.S. East Coast is mopping up after Hurricane Irene's weekend battering that killed around 40 people and authorities and residents are looking out anxiously over the Atlantic and asking: Is another one coming?

Tropical Storm Katia is jogging west at a brisk 18 miles per hour (30 km per hour) and the U.S. National Hurricane Center says it is expected to become a hurricane by late Wednesday or early Thursday.

Source: Reuters, 08/31/2011

"Information on Drilling Fluids Hard To Come by in Pennsylvania"

"Pennsylvania is one of only four states with regulations in place requiring drillers to disclose on a well-by-well basis the additives and chemicals used in fracturing fluid injected deep underground into oil and natural gas wells. But the state is the only one not to post the data on the Internet."

Source: Pittsburgh Tribune-Review, 08/30/2011

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