Released on = December 8, 2006, 8:33 am

Press Release Author = Econ Corporate Services, Inc

Industry = Energy

Press Release Summary = The Changing Global Supply and Demand Influences for Gold
and Oil; China, India, Middle East

Press Release Body = Future Global Commodity Trends in the Mining and Energy Sectors
- Varied Predictions, Multiple Influences

The Changing Global Supply and Demand Influences for Gold and Oil; China, India,
Middle East

POINT ROBERTS, WA, Delta B.C. - December 8th, 2006 - www.Gold-MiningStocks.com and
www.OilandGasStockNews.com, industry portals for the mining and energy sectors,
provide research tools, news and industry perspective to investors and industry
following global developments that impact these areas. Demand from China and India
in both oil and gold, combined with tensions in the Middle East have some analysts
predicting higher price trends for both commodities, but as always, there are others
in the market with conflicting views and forecasts. Analyst Jon Nadler from Kitco
provides insights to the ever-changing volatile gold commodity markets. Eden Energy
Corporation (OTCBB: EDNE), a company developing large scale oil and gas projects
gives comments on how a small company can evaluate the oil markets.

Recent developments including Saudi princes shifting from the stock market to
purchasing Gold since early October, and China Vision Resources purchasing 17
million shares of mining company Anglo American from Oppenheimer & Sons, have put
some interesting new faces on gold. Driving factors already in force include demand
from China, India and Brazil, have most analysts forecasting higher prices.
According to World Gold Council (http://www.gold.org ), "The last few weeks of
September saw vibrant demand for jewellery and retail investment, particularly in
Asia and the Middle East, with Indian imports in September at the second highest
monthly level ever." To read the Gold supply and demand report for Q3 2006:
http://www.gold.org/value/stats/statistics/gold_demand/index.html.

Jon Nadler, investment products analyst from Kitco Bullion Dealers, noted, "We are
indeed pleased to see that after an almost year-long hiatus, the Asian (India in
particular) gold jewelry demand has once again become robust. Evidently, buyers are
becoming accustomed to an incrementally higher bullion price level and may also have
come to believe that gold near $600 is sustainable - thus no further reason to
postpone seasonal buying of important traditional items. India is the world\'s
largest gold consumer - naturally it is vital that observers keep a keen eye on its
buying patterns and perceptions regarding gold\'s values."

As oil bounced off its seventeen month low and oil prices have stabilized and moved
higher since the October announcement issued by OPEC (http://www.opec.org ), "the
Conference decided to reduce production by an amount of 1.2 mb/d, from current
production of about 27.5 mb/d, to 26.3 mb/d, effective 1st November 2006. This
interim arrangement will be reviewed at the Extraordinary Meeting of the Conference
scheduled to convene in Abuja, Federal Republic of Nigeria, on 14th December 2006."
OPEC just updated forecasts on world crude oil demand, projected to rise by 1.6
percent, or 1.3 million barrels per day (bpd) in 2007. Tension in the Middle East,
potential risk to production, weather conditions and increasing world demand, set
the stage for oil prices potentially rising from current levels.

When evaluating oil prices in relation to the Company's current drilling and
production plans, Eden Energy Corporation (OTCBB: EDNE) President and CEO Don Sharpe
relayed, "We use the Nymex forward strip prices when evaluating the economics of a
potential project. We like the strip since it's the market\'s independent estimate of
prices going forward, and perhaps more importantly it represents a price deck that
we could lock into should the project proceed. This takes one more unknown out of
the equation and lessens our risk."
Featured Gold and Mining Portal Sponsor: (MSS, GMS are compensated by Golden Peaks
as disclosed in disclaimer.)
Golden Peaks Resources Ltd. (TSX: GL) is a progressive international exploration and
resource development firm that holds over 385,000 acres of prospective land holdings
in four of Argentina\'s most established mining districts. At present, the Company is
advancing five high priority gold projects (100%-owned or with the right to acquire
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http://www.goldenpeaks.com/
About our Mining Portals:

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Gold-MiningStocks.com and MiningSectorStocks.com include a comprehensive and growing
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Featured Oil and Gas Portal Sponsor: (OGSN is compensated by Eden Energy as
disclosed in disclaimer.)

Eden Energy Corporation (OTCBB: EDNE) has acquired 261,000 acres in Eastern Nevada.
This acreage in part encompasses the Noah Oil Prospect, a giant 53 mile long, 7 mile
wide linear anticline. For More Info:
http://www.oilandgasstocknews.com/CO/EDNE/Default.asp

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For our current list of companies participating in the oil and gas industry click
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For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com\\
Ann-Marie Fleming 866.725.2554
Email: afleming@investorideas.com

Web Site: www.InvestorIdeas.comT

Source: Gold-MiningStocks.com, OilandGasStockNews.com, Golden Peaks Resources Ltd.,
Eden Energy Corporation


Web Site = http://www.oilandgasstocknews.com

Contact Details = For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com\\
Ann-Marie Fleming 866.725.2554
Email: afleming@investorideas.com

Web Site: www.InvestorIdeas.comT