c50350_n-q.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21656

Name of Fund: BlackRock Global Energy and Resources Trust

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Robert S. Kapito, President, BlackRock Global Energy and Resources Trust,
     40 East 52nd Street, New York, NY 10022.

Registrant’s telephone number, including area code: (888) 825-2257

Date of fiscal year end: 10/31/2007

Date of reporting period: 05/01/2007 – 07/31/2007



Item 1 – Schedule of Investments

PORTFOLIO OF INVESTMENTS (unaudited)
JULY 31, 2007
BlackRock Global Energy and Resources Trust (BGR)
(Percentages shown are based on Net Assets)

Shares
 
   Description
Value
 
      LONG-TERM INVESTMENTS—95.3%      
      Common Stocks—95.3%      
      Chemicals—1.0%      
121,500     Potash Corp. of Saskatchewan $ 9,809,910  
      Coal—10.5%      
507,200 1 Arch Coal, Inc.   15,160,208  
537,200 1 Consol Energy, Inc.   22,374,380  
676,400     Massey Energy Co.   14,441,140  
348,770     Natural Resources Partners LP   13,009,121  
418,100     Peabody Energy Corp.   17,668,906  
232,900     Penn Virginia GP Holdings LP   8,286,582  
481,900     Penn Virginia Resource Partners LP
 
 14,823,244  
      Total Coal
 
 105,763,581  
      Commercial Services—0.4%      
961,400     Eveready Income Fund
 
 4,190,579  
      Electric—0.6%      
77,800 1 Dominion Resources, Inc.
 
 6,552,316  
      Gas—1.0%      
613,800     Keyera Facilities Income Fund
 
 10,592,480  
      Iron & Steel—0.5%      
104,600     Tenaris S.A. (ADR)
5,038,582  
      Metal—0.5%      
20,400     Vallourec
5,276,926  
      Mining—5.0%      
207,100 1 BHP Billiton Ltd. (ADR)   13,208,838  
104,800 1 Cameco Corp.   4,273,744  
247,736     Goldcorp, Inc.   6,294,972  
368,800     NovaGold Resources, Inc.   5,532,000  
40,880     Rio Tinto Plc   2,949,350  
7,300     Rio Tinto Plc (ADR)   2,110,576  
146,700 2 Silver Wheaton Corp.   2,011,257  
132,600     Teck Cominco Ltd., Class B   5,879,246  
470,700     Zinifex Ltd.
 
 7,785,418  
      Total Mining
 
 50,045,401  
      Oil & Gas—43.6%      
160,900     Apache Corp.   13,007,156  
364,000     ARC Energy Trust   7,291,601  
535,600     Baytex Energy Trust   10,367,585  
924,373     BG Group Plc   15,036,354  
86,600 2 Bill Barrett Corp.   2,972,112  
108,000     Bonavista Energy Trust   3,050,281  
173,900     Cabot Oil & Gas Corp.   5,947,380  
140,500 1 Canadian Natural Resources Ltd.   9,611,605  
295,400     Chesapeake Energy Corp.   10,055,416  
309,800 2 Compton Petroleum Corp.   3,078,253  
93,900     ConocoPhillips   7,590,876  
70,600     Devon Energy Corp.   5,267,466  
76,000     Diamond Offshore Drilling, Inc.   7,841,680  
84,700     EnCana Corp.   5,165,006  
124,400     Enerplus Resources Fund   5,434,046  
124,800     ENSCO Intl., Inc.   7,621,536  
308,600     EOG Resources, Inc.   21,632,860  
417,800 2 EXCO Resources, Inc.   7,294,788  
122,900     Exxon Mobil Corp.   10,462,477  
84,012     Fairborne Energy Ltd.   582,760  
906,400     Focus Energy Trust   14,316,498  
219,900 2 Forest Oil Corp.   8,899,353  
115,100     GlobalSantaFe Corp.   8,253,821  
412,100     Helmerich & Payne, Inc.   13,339,677  
100,000     Hess Corp.   6,120,000  
123,400     Husky Energy, Inc.   4,884,873  
186,200     Marathon Oil Corp.   10,278,240  
291,400 2 Newfield Exploration Co.   14,001,770  
319,300     Nexen, Inc.   9,901,054  
127,600     Noble Corp.   13,073,896  
145,900     Noble Energy, Inc.   8,920,326  
260,100     Norsk Hydro ASA   10,011,264  
193,200     Occidental Petroleum Corp. 10,958,304  
263,800     Petroleo Brasileiro S.A. (ADR)   17,120,620  
139,500 2 Plains Exploration & Production Co.   6,027,795  
203,600     Precision Drilling Trust   4,035,352  
98,200 1,2 Pride Intl., Inc.   3,441,910  
977,100     Progress Energy Trust   12,209,170  
102,100 2 Quicksilver Resources, Inc.   4,300,452  
190,700     Range Resources Corp.   7,082,598  
257,600 2 SeaDrill Ltd.   5,164,360  
201,000 2 Southwestern Energy Co.   8,166,630  
271,000     Statoil ASA   8,009,176  
164,000     Statoil ASA (ADR)   4,854,400  
89,100     Suncor Energy, Inc.   8,060,877  
107,300     Total S.A. (ADR)   8,434,853  
232,900 2 Transocean, Inc.   25,025,105  
65,000 2 TXCO Resources, Inc.   653,250  
399,900     Vermilion Energy Trust   14,469,573  
85,800     XTO Energy, Inc.   4,678,674  
174,200     Zargon Energy Trust
 
 4,407,253  
      Total Oil & Gas
 
 438,412,362  
      Oil & Gas Services—11.0%      
132,400     Acergy S.A. (ADR)   3,508,600  
75,400 2 Cameron Intl. Corp.   5,881,200  
156,900 2 Cie Generale de Geophysique-Veritas (ADR)   7,915,605  
51,931 2 Core Laboratories N.V.   5,589,334  
72,000 2 FMC Technologies, Inc.   6,589,440  
163,500 2 Grant Prideco, Inc.   9,172,350  
154,600 2 Helix Energy Solutions Group, Inc.   6,021,670  
181,900 2 Hercules Offshore, Inc.   5,460,638  
129,058 2 National Oilwell Varco, Inc.   15,501,157  
355,200     Saipem S.p.A.   12,682,346  
199,800 2 Savanna Energy Services Corp.   3,380,568  
115,100     SBM Offshore N.V.   4,731,894  
79,300     Schlumberger Ltd.   7,511,296  
302,724 2 Weatherford Intl. Ltd.
 
 16,749,719  
      Total Oil & Gas Services
 
 110,695,817  
      Pipelines—13.7%      
451,400     AltaGas Income Trust   11,593,888  
201,400     Boardwalk Pipeline Partners LP   7,300,750  
236,700     Energy Transfer Partners LP   13,207,860  
526,005     Enterprise Products Partners LP   16,358,755  
262,200 1 Equitable Resources, Inc.   12,352,242  
145,800     ONEOK Partners LP   9,850,248  
165,500     ONEOK, Inc.   8,399,125  
265,500     Pembina Pipeline Income Fund   4,238,344  
116,400     Plains All American Pipeline LP   7,314,576  
180,200     Questar Corp.   9,278,498  
1,125,000 2 Spectra Energy Income Fund   11,072,835  
300,000     Targa Resources Partners LP   10,092,000  
338,000 1 Williams Partners LP   16,335,540  
      Total Pipelines   137,394,661  
      Transportation—7.5%      
600     AP Moller - Maersk A/S   7,912,608  
800,000     Aries Maritime Transport Ltd.   7,832,000  
725,000     Double Hull Tankers, Inc.   12,912,250  
55,700     DryShips, Inc.   3,192,724  
600,000     OceanFreight, Inc.   14,334,000  
390,400     Seaspan Corp.   13,820,160  
546,000     Ship Finance Intl. Ltd.   15,260,700  
      Total Transportation   75,264,442  
      Total Long-Term Investments      
      (cost $734,281,081)   959,037,057  

1


BlackRock Global Energy and Resources Trust (BGR) (continued)
(Percentages shown are based on Net Assets)

Shares     Description Value  
      SHORT-TERM INVESTMENTS—6.9%      
      Money Market Fund—3.0%      
30,228,849 3 Fidelity Institutional Money Market Prime Portfolio, 4.99% $ 30,228,849  
Principal            
Amount          
      U.S. Government and Agency Discount Notes—3.9%      
$38,500,000 4   Federal Home Loan Bank Disc. Notes, 5.09%, 8/01/07   38,500,000  
      Total Short-Term Investments      
  (cost $68,728,849)   68,728,849  
Contracts        
      OUTSTANDING CALL OPTIONS PURCHASED—0.0%      
250     Talisman Energy, Inc., strike price $23.875, expires 11/02/07   2,647  
10,000     Unit Corp., strike price $70.5, expires 11/06/07   2,515  
      Total Outstanding Options Purchased      
      (cost $28,105)   5,162  
      Total Investments before outstanding options written      
      (cost $803,038,0355)   1,027,771,068  
      OUTSTANDING OPTIONS WRITTEN—(1.5)%      
      OUTSTANDING CALL OPTIONS WRITTEN—(1.4)%      
(250 )   Acergy S.A. (ADR), strike price $22.50, expires 08/06/07   (102,250 )
(50,000 )   Acergy S.A. (ADR), strike price $27, expires 11/16/07   (119,030 )
(200 )   AP Moller - Maersk A/S, strike price 68 DKK, expires 11/09/07   (242,270 )
(25,000 )   Apache Corp., strike price $86, expires 11/16/07   (94,878 )
(10,000 )   Apache Corp., strike price $91, expires 11/16/07   (22,899 )
(15,000 )   Apache Corp., strike price $96, expires 11/16/07   (19,500 )
(25,000 )   Arch Coal, Inc., strike price $39, expires 08/17/07   (65 )
(250 )   Arch Coal, Inc., strike price $41.25, expires 11/02/07   (5,055 )
(25,000 )   Arch Coal, Inc., strike price $42.50, expires 11/16/07   (5,165 )
(145,000 )   BG Group Plc, strike price 7.58 GBP, expires 08/02/07   (148,640 )
(10,000 )   BG Group Plc, strike price 8 GBP, expires 11/06/07   (10,588 )
(100,000 )   BG Group Plc, strike price 8.40 GBP, expires 11/27/07   (78,970 )
(100,000 )   BG Group Plc, strike price 8.45 GBP, expires 11/16/07   (69,485 )
(100 )   BHP Billiton Ltd. (ADR), strike price $52.50, expires 11/19/07   (133,000 )
(250 )   BHP Billiton Ltd. (ADR), strike price $55, expires 11/19/07   (282,500 )
(300 )   BHP Billiton Ltd. (ADR), strike price $60, expires 11/19/07   (237,000 )
(100 )   BHP Billiton Ltd. (ADR), strike price $65, expires 11/19/07   (50,000 )
(20,000 )   Bill Barrett Corp., strike price $41, expires 11/16/07   (17,458 )
(50,000 )   Cabot Oil & Gas Corp., strike price $93.97, expires 11/02/07   (7,250 )
(100 )   Cameco Corp., strike price $55, expires 09/24/07   (3,000 )
(20,000 )   Cameco Corp., strike price $56, expires 11/16/07   (11,898 )
(200 )   Cameron Intl. Corp., strike price $70, expires 08/20/07   (180,000 )
(20,000 )   Canadian Natural Resources Ltd., strike price $66, expires 11/16/07   (137,008 )
(20,000 )   Canadian Natural Resources Ltd., strike price $68, expires 11/16/07   (112,026 )
(150 )   Canadian Natural Resources Ltd., strike price $72, expires 08/24/07   (18,801 )
(250 )   Chesapeake Energy Corp., strike price $35, expires 10/22/07   (42,500 )
(250 )   Chesapeake Energy Corp., strike price $37.50, expires 08/27/07   (4,910 )
(250 )   Chesapeake Energy Corp., strike price $37.50, expires 11/02/07   (22,412 )
(350 )   Chesapeake Energy Corp., strike price $38, expires 11/13/07   (30,950 )
(12,500 )   Chesapeake Energy Corp., strike price $38.64, expires 11/16/07   (9,624 )
(45,000 )   Cie Generale de Geophysique-Veritas (ADR), strike price $51, expires 11/16/07   (187,844 )
(25,000 )   Consol Energy, Inc., strike price $46, expires 11/09/07   (55,415 )
(50,000 )   Consol Energy, Inc., strike price $46.73, expires 09/28/07   (65,230 )
(250 )   Consol Energy, Inc., strike price $48.75, expires 11/02/07   (33,428 )
(25,000 )   Consol Energy, Inc., strike price $50.05, expires 11/16/07   (32,533 )
(100 )   Core Laboratories N.V., strike price $105, expires 09/24/07   (75,000 )
(250 )   Core Laboratories N.V., strike price $97.50, expires 11/02/07   (349,365 )
(100 )   Devon Energy Corp., strike price $82.88, expires 11/13/07   (22,838 )
(10,000 )   Devon Energy Corp., strike price $86, expires 11/16/07   (16,508 )
(100 )   Diamond Offshore Drilling, Inc., strike price $100, expires 09/24/07   (85,000 )
(250 )   Diamond Offshore Drilling, Inc., strike price $107.50, expires 11/02/07   (151,755 )
(25,000 )   Dominion Resources, Inc., strike price $91, expires 11/16/07   (41,023 )
(20,000 )   Dominion Resources, Inc., strike price $91.73, expires 11/16/07   (29,388 )
(325 )   Dominion Resources, Inc., strike price $95, expires 10/22/07   (24,375 )
(100,000 )   Double Hull Tankers, Inc., strike price $18, expires 11/16/07   (78,180 )
(50,000 )   Double Hull Tankers, Inc., strike price $18.49, expires 11/30/07   (32,330 )
(18,000 )   DryShips, Inc., strike price $40, expires 11/02/07   (343,413 )
(25,000 )   DryShips, Inc., strike price $51, expires 11/06/07   (296,060 )
(100 )   EnCana Corp., strike price $60, expires 08/20/07   (28,500 )
(10,000 )   EnCana Corp., strike price $65, expires 11/16/07   (27,216 )
(25,000 )   EnCana Corp., strike price $66, expires 11/16/07   (59,918 )
(25,000 )   ENSCO Intl., Inc., strike price $60, expires 11/16/07   (150,078 )
(250 )   ENSCO Intl., Inc., strike price $63, expires 11/08/07   (107,080 )
(150 )   ENSCO Intl., Inc., strike price $65, expires 09/24/07   (39,000 )
(25,000 )   EOG Resources, Inc., strike price $81, expires 11/02/07   (37,558 )
(15,000 )   EOG Resources, Inc., strike price $86, expires 11/16/07   (14,685 )

2


BlackRock Global Energy and Resources Trust (BGR) (continued)
(Percentages shown are based on Net Assets)

Contracts
 
 Description Value  
      OUTSTANDING CALL OPTIONS WRITTEN—(cont'd)      
(25,000 )   EOG Resources, Inc., strike price $90, expires 11/16/07 $ (14,287 )
(50,000 )   EXCO Resources, Inc., strike price $20.50, expires 11/16/07   (40,935 )
(350 )   Exploration Co. of Delaware, Inc. (The), strike price $12.50, expires 08/20/07   (5,250 )
(25,000 )   Exxon Mobil Corp., strike price $91, expires 11/16/07   (72,400 )
(20,000 )   FMC Technologies, Inc., strike price $85, expires 11/16/07   (225,396 )
(100 )   FMC Technologies, Inc., strike price $94, expires 11/13/07   (60,257 )
(200 )   Forest Oil Corp., strike price $40, expires 08/20/07   (35,000 )
(250 )   Forest Oil Corp., strike price $45, expires 11/02/07   (28,202 )
(200 )   Forest Oil Corp., strike price $45, expires 11/19/07   (32,000 )
(20,000 )   GlobalSantaFe Corp., strike price $76, expires 11/16/07   (75,304 )
(200 )   GlobalSantaFe Corp., strike price $78, expires 11/02/07   (54,682 )
(30,000 )   Goldcorp, Inc., strike price $27.75, expires 11/16/07   (37,422 )
(250 )   Goldcorp, Inc., strike price $28, expires 11/02/07   (25,750 )
(15,000 )   Goldcorp, Inc., strike price $30.25, expires 11/16/07   (9,591 )
(100 )   Grant Prideco, Inc., strike price $60, expires 10/22/07   (33,000 )
(30,000 )   Grant Prideco, Inc., strike price $60.05, expires 11/16/07   (100,611 )
(150 )   Helix Energy Solutions Group, Inc., strike price $45, expires 09/24/07   (9,750 )
(25,000 )   Helix Energy Solutions Group, Inc., strike price $45.25, expires 11/16/07   (31,228 )
(900 )   Helmerich & Payne, Inc., strike price $35, expires 09/24/07   (85,500 )
(25,000 )   Helmerich & Payne, Inc., strike price $36, expires 11/16/07   (27,905 )
(250 )   Helmerich & Payne, Inc., strike price $37, expires 11/02/07   (18,450 )
(50 )   Hercules Offshore, Inc., strike price $36.50, expires 08/31/07   (436 )
(25,000 )   Hercules Offshore, Inc., strike price $38, expires 11/02/07   (12,307 )
(250 )   Hercules Offshore, Inc., strike price $40, expires 10/22/07   (7,500 )
(100 )   Hess Corp., strike price $60, expires 11/19/07   (59,000 )
(200 )   Hess Corp., strike price $65, expires 08/20/07   (25,000 )
(125 )   Hess Corp., strike price $65, expires 11/19/07   (51,250 )
(100,000 )   Husky Energy, Inc., strike price 46 CAD, expires 11/16/07   (90,251 )
(25,000 )   Marathon Oil Corp., strike price $57, expires 11/02/07   (92,993 )
(60,000 )   Marathon Oil Corp., strike price $65.05, expires 11/16/07   (84,468 )
(20,000 )   Marathon Oil Corp., strike price $65.50, expires 11/16/07   (30,488 )
(210 )   National Oilwell Varco, Inc., strike price $120, expires 11/19/07   (273,000 )
(250 )   National Oilwell Varco, Inc., strike price $95, expires 11/19/07   (722,500 )
(125 )   Newfield Exploration Co., strike price $55, expires 11/02/07   (14,892 )
(300 )   Newfield Exploration Co., strike price $55, expires 12/24/07   (81,000 )
(50,000 )   Newfield Exploration Co., strike price $55.25, expires 11/16/07   (67,745 )
(800 )   Nexen, Inc., strike price 37 CAD, expires 11/19/07   (97,488 )
(220 )   Noble Corp., strike price $100, expires 09/24/07   (181,940 )
(10,000 )   Noble Corp., strike price $101, expires 11/16/07   (91,321 )
(130 )   Noble Corp., strike price $110, expires 09/24/07   (42,900 )
(60 )   Noble Corp., strike price $95, expires 09/24/07   (73,200 )
(475 )   Noble Energy, Inc., strike price $65, expires 08/20/07   (30,875 )
(325 )   Noble Energy, Inc., strike price $75, expires 11/19/07   (27,625 )
(16,000 )   Norsk Hydro ASA, strike price 220 NOK, expires 08/16/07   (25,029 )
(101,000 )   Norsk Hydro ASA, strike price 225.96 NOK, expires 11/06/07   (233,720 )
(500 )   NovaGold Resources, Inc., strike price $17.50, expires 09/24/07   (25,000 )
(50,000 )   NovaGold Resources, Inc., strike price $18, expires 11/16/07   (32,890 )
(40,000 )   Occidental Petroleum Corp., strike price $61, expires 11/16/07   (112,244 )
(20,000 )   Occidental Petroleum Corp., strike price $62, expires 11/02/07   (43,960 )
(60,000 )   OceanFreight, Inc., strike price $24.48, expires 11/30/07   (87,224 )
(50,000 )   ONEOK, Inc., strike price $56, expires 11/16/07   (44,980 )
(250 )   Peabody Energy Corp., strike price $58, expires 11/02/07   (5,842 )
(25,000 )   Peabody Energy Corp., strike price $61, expires 11/16/07   (4,710 )
(25,000 )   Peabody Energy Corp., strike price $61, expires 12/21/07   (9,517 )
(400 )   Petroleo Brasileiro S.A. (ADR), strike price $62.50, expires 10/22/07   (280,000 )
(30,000 )   Petroleo Brasileiro S.A. (ADR), strike price $62.50, expires 11/16/07   (203,751 )
(20,000 )   Petroleo Brasileiro S.A. (ADR), strike price $70.50, expires 11/16/07   (50,342 )
(100 )   Plains All American Pipeline LP, strike price $65, expires 11/19/07   (15,000 )
(100 )   Plains Exploration & Production Co., strike price $55, expires 11/19/07   (5,500 )
(100 )   Plains Exploration & Production Co., strike price $60, expires 11/19/07   (2,500 )
(150 )   Potash Corp. of Saskatchewan, strike price $70, expires 09/24/07   (198,000 )
(10,000 )   Potash Corp. of Saskatchewan, strike price $81, expires 11/02/07   (58,013 )
(20,000 )   Pride Intl., Inc., strike price $37.83, expires 11/16/07   (38,936 )
(15,000 )   Pride Intl., Inc., strike price $40.25, expires 11/16/07   (18,832 )
(20,000 )   Questar Corp., strike price $58, expires 11/16/07   (30,120 )
(500 )   Questar Corp., strike price $59, expires 11/13/07   (62,150 )
(150 )   Quicksilver Resources, Inc., strike price $47.50, expires 11/02/07   (25,438 )
(300 )   Quicksilver Resources, Inc., strike price $50, expires 09/24/07   (22,500 )
(200 )   Range Resources Corp., strike price $41, expires 08/24/07   (8,418 )
(15,000 )   Range Resources Corp., strike price $45.25, expires 11/16/07   (12,867 )
(20,000 )   Rio Tinto Plc, strike price 41 GBP, expires 11/27/07   (59,114 )

3


BlackRock Global Energy and Resources Trust (BGR) (continued)
(Percentages shown are based on Net Assets)

Contracts
 
 Description Value  
      OUTSTANDING CALL OPTIONS WRITTEN—(cont'd)      
(90,000 )   Saipem S.p.A., strike price 22.85 EUR, expires 11/06/07 $ (504,862 )
(60,000 )   SBM Offshore N.V., strike price 28.14 EUR, expires 11/06/07   (246,227 )
(100 )   Schlumberger Ltd., strike price $85, expires 08/20/07   (105,000 )
(100 )   Schlumberger Ltd., strike price $85, expires 11/19/07   (140,000 )
(100 )   Schlumberger Ltd., strike price $90, expires 11/19/07   (115,000 )
(30,000 )   SeaDrill Ltd., strike price 120 NOK, expires 11/06/07   (45,754 )
(65,000 )   SeaDrill Ltd., strike price 127.05 NOK, expires 11/06/07   (65,206 )
(40,000 )   Seaspan Corp., strike price $29.75, expires 11/16/07   (235,504 )
(400 )   Seaspan Corp., strike price $30, expires 11/19/07   (252,000 )
(40,000 )   Seaspan Corp., strike price $37.50, expires 11/30/07   (60,932 )
(50,000 )   Ship Finance Intl. Ltd., strike price $31, expires 11/16/07   (49,545 )
(50,000 )   Ship Finance Intl. Ltd., strike price $32, expires 11/30/07   (43,430 )
(25,000 )   Ship Finance Intl. Ltd., strike price $34, expires 11/02/07   (9,165 )
(40,000 )   Silver Wheaton Corp., strike price $13, expires 11/16/07   (76,424 )
(200 )   Southwestern Energy Co., strike price $50, expires 09/24/07   (18,000 )
(15,000 )   Southwestern Energy Co., strike price $51, expires 11/09/07   (17,320 )
(25,000 )   Southwestern Energy Co., strike price $56, expires 11/16/07   (16,205 )
(250 )   Statoil ASA (ADR), strike price $32.50, expires 11/02/07   (20,202 )
(25,000 )   Statoil ASA (ADR), strike price $32.50, expires 11/16/07   (23,252 )
(25,000 )   Suncor Energy, Inc., strike price $88, expires 11/16/07   (218,803 )
(450 )   Suncor Energy, Inc., strike price $90, expires 09/24/07   (261,000 )
(25,000 )   Talisman Energy, Inc., strike price $24, expires 11/02/07   (2,475 )
(130 )   Teck Cominco Ltd., Class B, strike price 48 CAD, expires 11/19/07   (46,916 )
(300 )   Teck Cominco Ltd., Class B, strike price 52 CAD, expires 11/19/07   (59,055 )
(100 )   Tenaris S.A. (ADR), strike price $50, expires 09/24/07   (20,500 )
(20,000 )   Tenaris S.A. (ADR), strike price $51, expires 11/16/07   (45,832 )
(100 )   Total S.A. (ADR), strike price $75, expires 11/19/07   (82,000 )
(20,000 )   Total S.A. (ADR), strike price $86, expires 11/16/07   (31,066 )
(100 )   Transocean, Inc., strike price $100, expires 08/20/07   (88,100 )
(100 )   Transocean, Inc., strike price $100, expires 11/19/07   (140,000 )
(250 )   Transocean, Inc., strike price $110, expires 11/19/07   (207,500 )
(100 )   Transocean, Inc., strike price $90, expires 08/20/07   (204,000 )
(300 )   Transocean, Inc., strike price $95, expires 11/19/07   (516,000 )
(10,000 )   Unit Corp., strike price $71, expires 11/16/07   (2,164 )
(400 )   Weatherford Intl. Ltd., strike price $55, expires 11/19/07   (212,000 )
(100 )   Weatherford Intl. Ltd., strike price $60, expires 08/20/07   (7,500 )
(200 )   Weatherford Intl. Ltd., strike price $65, expires 11/19/07   (32,000 )
(100 )   XTO Energy, Inc., strike price $65, expires 11/19/07   (11,500 )
(200 )   XTO Energy, Inc., strike price $70, expires 11/19/07   (11,000 )
(105,000 )   Zinifex Ltd., strike price 19.34 AUD, expires 11/07/07   (171,368 )
      Total Outstanding Call Options Written
(premium received $(11,683,306)) 		  (13,915,355 )
      OUTSTANDING PUT OPTIONS WRITTEN—(0.1)%      
(250 )   Chesapeake Energy Corp., strike price $35, expires 08/27/07   (41,020 )
(1,000 )   Eldorado Gold Corp., strike price 5 CAD, expires 08/20/07   (32,808 )
(280 )   Hercules Offshore, Inc., strike price $30, expires 08/20/07   (25,200 )
(250 )   Massey Energy Co., strike price $22.50, expires 08/20/07   (43,750 )
(250 )   Massey Energy Co., strike price $25, expires 08/20/07   (95,000 )
(35 )   Peabody Energy Corp., strike price $45, expires 08/20/07   (11,200 )
(450 )   Peabody Energy Corp., strike price $50, expires 08/20/07   (328,500 )
(350 )   Range Resources Corp., strike price $37.50, expires 08/20/07
 
 (40,600 )
      Total Outstanding Put Options Written
(premium received $(347,291)) 		  (618,078 )
      Total Outstanding Options Written      
      (premium received $(12,030,597))   (14,533,433 )
Total Investments net of outstanding options written—100.7% $ 1,013,237,636  
Liabilities in excess of other assets—(0.7)%
 
(7,045,030
)
Net Assets—100.0%    
$
1,006,192,606
 

1    Security, or a portion thereof, pledged as collateral for outstanding options written.
 
2    Non-income producing security.
 
3    Represents current yield as of July 31, 2007.
 
4    Rate shown is the yield to maturity as of the date of purchase.
 
5    Cost for federal income tax purposes is $795,203,764. The net unrealized appreciation on a tax basis is $232,567,304, consisting of $256,536,125 gross unrealized appreciation and $23,968,821 gross unrealized depreciation.
 
KEY TO ABBREVIATIONS
ADR —  American Depositary Receipt
AUD —  Australian Dollar
CAD —  Canadian Dollar
DKK —  Danish Krone
EUR —  Euro
GBP —  British Pound
NOK —  Norwegian Krone

4


Item 2 –  Controls and Procedures
   
2(a) – The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities and Exchange Act of 1934, as amended.
   
2(b) – There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a -3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
   
Item 3 – Exhibits
   
 

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Global Energy and Resources Trust

   
  By:
/s/ Donald C. Burke
  
    Donald C. Burke,
Treasurer of
BlackRock Global Energy and Resources Trust
       
  Date: September 20, 2007
   
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
   
  By:
/s/ Robert S. Kapito
  
    Robert S. Kapito,
President (principal executive officer) of
BlackRock Global Energy and Resources Trust
       
  Date: September 20, 2007  
       
  By:
/s/ Donald C. Burke
  
    Donald C. Burke,
Treasurer (principal financial officer) of
BlackRock Global Energy and Resources Trust
       
  Date: September 20, 2007