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Energy Blast – May 10, 2010

Pressure is mounting on BP CEO Tony Hayward as the company fails to seal the Deepwater leak, which is spilling out 5,000 barrels of oil per day into the ocean.  According to Bloomberg, Russia aspires to control all of Ukraine’s gas system and to gain more of a foothold in the Baltic zone.  Energy Resources of Australia Ltd., the uranium producer controlled by Rio Tinto Group believes that long-term demand for nuclear fuel will remain ‘strong and robust’ on the basis of increased use in China and India.  Iran has expressed optimism about Turkish and Brazilian mediation efforts relating to its conflict with the West over its nuclear programme.  Russia apparently expects the United States to lift bans on trade with four Russian companies if Moscow supports new sanctions against Iran.  The Wall Street Journal looks at the shale gas revolution.  It’s all go for Turkey’s first nuclear power plant.