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Craig R. Smith co-author of WND Books’ “Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil,” will go head-to-head with author Matthew R. Simmons in a debate entitled “Deep Oil vs. Peak Oil” on CNBC’s “Squawk Box” this morning at 9 a.m. Eastern. [updated – mp3 and transcript now available]

Fuel duty campaigners are demonstrating outside a Cheshire oil refinery in protest at high fuel costs.

Japan has begun allocating gas exploration rights in an area of the East China Sea also claimed by China.

The price of regular gasoline has passed the $1 mark in a large Canadian city, apparently for the first time.

India’s ties with Saudi Arabia are set to scale new heights through enhanced bilateral investments and intensified energy cooperation between New Delhi and Riyadh, the Petroleum Minister, Mr Mani Shankar Aiyar has said.

OPEC, producer of more than a third of the world’s oil, and the European Union plan to hold twice- yearly meetings to discuss how to maintain a stable oil price acceptable to producing and consuming countries.