The International Energy Agency (IEA) wants the G20 to impose stringent rules on the development of unconventional gas to address ecological concerns and allow the world to have real benefits from the shale gas revolution.

* Shale gas has the potential to change global energy supplies
* But large-scale European development not expected soon

The IEA's Chief Economist Fatih Birol told Reuters in Geneva on Friday that it plans to publish "golden rules for the golden age of gas" in May in which the agency will give regulatory recommendations for shale gas, and that it will hold a meeting on unconventional gas in Poland on March 7, inviting players from Russia, Australia, South Africa, Mexico, and other major gas producers.

"We will have a series of recommendations for governments, companies and regulators," Birol said.

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The North American oil and gas rig count will grow by five percent to a total of 2,409 in 2012, U.S. oil services firm Baker Hughes said in its fourth-quarter earnings call Tuesday.

BAKER HUGHES INC SAYS N. AMERICA GAS RIG COUNT TO FALL BY 218, OIL RIG COUNT TO RISE BY 220 IN 2012

BAKER HUGHES INC SAYS ANNUAL NORTH AMERICA RIG COUNT TO GROW BY 5 PCT TO 2409 IN 2012

N. AMERICA RIG COUNT TO GROW BY 5 PCT IN 2012-BAKER HUGHES


The number of rigs drilling for natural gas will fall by 218 while the oil rig count will rise by 220 in 2012, according to the company.



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Financial markets end the way they started in chaos clouded by smoke and mirrors. To help you wade through what is fact or fiction or a reaction to either are the key world financial events to March 21, 2012.

These events will undoubtedly change as political leaders and members of the banking cabal, sorry central banks change rhetoric, invent figures and appoint and reappoint cronies.

Though a little turmoil in the mid east ND new governments around the world that don't suit the bankers, sorry people. Just check the last quarter, new governments in Italy, Greece, Belgium and Spain. We have key elections in France and Germany and restlessness in Asia also.

Other events to watch the US election pregame, the London Olympics, debt defaults and weather patterns for feast and famine.

Don't fret THOUGH AS it is all over in 2012 anyway just check with your local Mayan mystic to plan for this one.

Click here for KEY WORLD FINANCIAL EVENTS CALENDAR FOR Q! 2012


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FX News

A crucial component for portfolio management in 2011 is knowing how to trade forex news. Trading forex news for profit means understanding that the underlying risk is critical. Forex affects bonds and stocks through globalization and therefore your stock prices. Do you know whether the company you invested in exports or imports? Do you trade forex and understand the price reaction to news?

In 2011 currency wars continue to bubble along. The U.S. through monetization has devalued the dollar. The deluge of dollar helped necessitate G-7 intervention in the Yen on March15, 2011. We all see China continually attacked over the Yuan exchange rate. The Yen rose to new highs of 76.25 against the dollar following yen repatriation on March 15, 2011. This followed the earthquake and Tsunami disaster. The yen carry trade collapsed as the dollar yen collapsed. It is essential to understand the risk and flow of carry trades in forex.

With globalization currency exchange rates determine money flow which determine stock and bond prices. To be able to trade forex news is key to trading currency markets profitability. Forex (foreign exchange) or currency markets are the largest markets in the world. Hedgers and speculators affect the forex markets. To be able to trade forex news with profitability is to be able to gauge and respond to their reactions and actions.

Do You Know What Makes Euro, Swiss Franc, Yen or Aussie Dollar Move?

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Chesapeake Energy Corporation updated Its 2012 Operating Plan in Response to Low Natural Gas Prices. Natural gas spiked around 12 % from the announcement and 14.3% from the morning low.

The overnight low was $2.231 the morning high was $2.5760

Chesapeake Plans to Reduce its Operated Dry Gas Drilling Rig Count to 24 Rigs, a
Decline of Approximately 50 Dry Gas Rigs from its 2011 Average Operated Dry Gas
Rig Count

Chesapeake Plans to Curtail its Gross Operated Gas Production by up to 1.0 Bcf
per Day and Plans to Defer New Dry Gas Well Completions and Pipeline Connections
Wherever Possible

Chesapeake to Redirect Capital Savings from Curtailing Dry Gas Activity to its
Liquids-Rich Plays that Deliver Superior Returns

Chesapeake`s Undeveloped Net Leasehold Expenditures in 2012 Projected to be
Approximately $1.4 Billion, Down from Net Leasehold Expenditures of $3.4 Billion
and $5.8 Billion in 2011 and 2010, Respectively

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