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Energy Blast – Aug 13, 2010

Leading climatologists are searching for ways to forecast incidents of extreme weather, such as the ongoing heatwave.  President Dmitry Medvedev’s goal is to lower the amount of energy spent per unit of economic output by 40% by 2020: Maria Antonova investigates the obstacles, including the $26 billion price tag.  Investors are concerned that Lukoil’s plans to buyback shares ‘will prompt a downgrade to junk‘, and consequently are demanding high yields, says Bloomberg.  Gazprom Neft is offering Rosneft a slice of its Kyrgyz pie.