SmallCap Sentinel: Oil Prices, Brazilian Independence Spur Interest in Biodiesel Fuels


IRVINE, Calif., May 23, 2006 (PRIMEZONE) -- "The exorbitant price of oil and reports of Brazil's energy independence have stirred interest in alternative fuels such as those derived from biodiesel resources," said SmallCap Sentinel analyst D.R. Clark. "For a nation as massive as Brazil to become completely self-sufficient is a monumental achievement."

"It clearly demonstrates the glittering possibilities for a nation intent on freeing itself from the costly grip of petroleum," Clark stated.

The free informational report "Batter Up! Analysis of the Energy Market" is available at www.SmallCapSentinel.com and offers research related to the petroleum and energy markets by CK Cooper oil & gas analyst Phil McPherson, a Zach's "Five Star Analyst."

In addition to the analyst's report, commentary and information regarding Earth Biofuels, Inc. (OTCBB:EBOF), GreenShift Corporation (OTCBB:GSHF), Imperial Petroleum, Inc. (OTCBB:IPTM) and Xethanol Corporation (OTCBB:XTHN) will be available at the site.

Imperial Petroleum, Inc. operates as an energy and mineral mining company in the United States. The company, through its subsidiaries, engages in the production and exploration of crude oil and natural gas, as well as in the mineral mining, with a focus on gold mining. As of October 31, 2005, it operated 134 oil and gas wells in Texas, New Mexico, Louisiana, and Mississippi; and owned an interest in approximately 280 wells operated by others. Imperial Petroleum also has interests in an additional 24 wells in Kentucky.

A complete report on Imperial Petroleum, Inc. has been provided at the following link: http://www.beaconequityresearch.com/beacon_report.php?symbol=IPTM

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