Occidental Petroleum Corporation (NYSE:OXY) announced net income of $1.2 billion ($1.49 per diluted share) for the fourth quarter of 2010, compared with $938 million ($1.15 per diluted share) for the fourth quarter of 2009. Core income for the fourth quarter of 2010 was $1.3 billion ($1.58 per diluted share), compared with $1.1 billion ($1.35 per diluted share) for the fourth quarter of 2009.

Occidental Petroleum Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company primarily in the United States.

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What happens in the oil and natural gas industry echoes throughout the economy. That’s because the industry is connected to a large variety of industries that use oil and natural gas products either directly or indirectly. New taxes could harm workers and industries throughout the economy. The oil and natural gas industry is working to diminish the downsizing, cancellation of projects and reducing its workforce that may be required by the drop in crude oil and natural gas prices. More taxes would block those efforts and could result in the loss of thousands of industry related jobs every year.

Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob) announced that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.

ARI has completed the re-work on all 4 wells, with those wells online and pumping. "This is an exciting time for us," stated Proper Power President, Andrew Kacic. "This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence."

In Kentucky, Oil and gas are produced from more than 1,500 pools from rocks of Cambrian to Pennsylvanian age. Most oil is produced from Mississippian limestone and sandstone in eastern and western Kentucky or from Ordovician limestone and dolomites in southern Kentucky. Most natural gas is produced from the Devonian black shale in eastern Kentucky.

Kentucky’s existing oil and gas infrastructure is extensive. Finding and production costs are low due to the occurrence of shallow resources. Kentucky is centrally located for access and distribution to northern and eastern industrial markets

Proper Power & Energy is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.

Please visit our website www.properpower.com.

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American Video Teleconferencing Corp. (PINK: AVOT) is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file.

The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, the company will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.

China has begun to severely reduce the exports of rare-earth materials, which often find use in “green” technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the medical, defense, and consumer markets. The nation delivers nearly 100% of the world’s rare-earth materials: 17 metals which are somewhat difficult to refine and that often occur in the same ore deposits. The cutbacks have contributed to shock waves through the electronics industry and could force design changes in the near future.

Restrictions on Chinese exports are generating opportunities for non-Chinese projects.

Presently American Video is in the final stage of negotiations with Kondor Gold Pyt. in Australia.

American Video will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.

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Honda Motor Co., Ltd. (NYSE:HMC) announced its consolidated financial results for the fiscal third quarter ended December 31, 2010. Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal nine months ended December 31, 2010 totaled JPY 489.5 billion (USD 6,077 million), an increase of 149.5% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the fiscal nine months amounted to JPY 270.82 (USD 3.32), an increase of JPY 162.68 from JPY 108.14 for the same period last year.

Honda Motor Co., Ltd., together with its subsidiaries, engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products primarily in North America, Europe, and Asia.

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Air Products & Chemicals Inc. (NYSE:APD) announced that it has extended the expiration date of its tender offer for all outstanding common shares of Airgas, Inc. for $70.00 per share in cash. The offer and withdrawal rights are now scheduled to expire at 12:00 midnight New York City time on February 15, 2011, unless further extended. The tender offer was previously scheduled to expire on February 4, 2011.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide.

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