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Pacific Rubiales presents its 2011 Sustainability Report

Bottom Line: This is taken from a Pacific Rubiales press release so it has the expected positive tone. Still given the industry’s reputation for stealing the “black gold” and leaving behind nothing but an environmental mess, any publicity with a positive spin has to be celebrated.

Saturday, July 7th, 2012
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This is the year of gas: Minister of Mines and Energy

Bottom Line: MinMinas “propaganda” to encourage vehicle conversion to gas.

Friday, July 6th, 2012
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Government adjusts framework oil contracts for 2012 Round

Bottom Line: The changes are logical, permitting a company to take advantage of conventional opportunities discovered in a unconventional block and vice versa, obviously with some adjustments in the case where the cheaper and less stringent unconventional blocks.

Friday, July 6th, 2012
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Minister of Mines condemns attack on oil well in Putumayo

Bottom Line: Expressions of outrage over the killing of five Ecopetrol contractors at the hands of the Farc.

Friday, July 6th, 2012
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Minminas will file the new Mining Code next week

Bottom Line: The indigenous community consultation phase for the new Mining Code will start next week.

Friday, July 6th, 2012
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Venezuela’s proposed oil prices would be favorable for Colombia

Bottom Line: Venezuela proposes maintaining prices between US$80 and US$120/barrel. Colombia agrees. The question of course is whether the price can be controlled in the face of demand-side uncertainty.

Friday, July 6th, 2012
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