Two positives to report.

Venezuela, which supplies a goodly amount of oil to the US, reaches an agreement with ConocoPhilips on a promising field. This is an agreement that was signed a while ago, but got held up as Chavez made noises about wanting a better deal, dealing instead with the Chinese, selling below market to Cuba, etc.

And China claims it has added 25% to it's reserves. Actually, I was just wondering what Shell's old accounting firm was up to these days..