Scammers Are Exposed On This Site


Wednesday, 13 June 2018

EIA expects Brent prices will average $71 per barrel in 2018 before declining to $68 per barrel in 2019 (6/13/2018)

In the June 2018 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The new 2019 forecast price is $2/b higher than in the May STEO. The increase reflects global oil markets balances that EIA expects to be tighter than previously forecast because of lowered expected production growth from both the Organization of the Petroleum Exporting Countries (OPEC) and the United States. Brent crude oil spot prices averaged $77/b in May, an increase of $5/b from April and the highest monthly average price since November 2014. EIA expects West Texas Intermediate (WTI) crude oil prices will average almost $7/b lower than Brent prices in 2018 and $6/b lower than Brent prices in 2019 (Figure 1). ... More »

Wednesday, 6 June 2018

2018 EIA Energy Conference (6/6/2018)

There is no feature article for This Week in Petroleum today. Thanks to all who attended and participated in the 2018 EIA Energy Conference. ... More »

Thursday, 31 May 2018

EIA reports track U.S. oil production statistics and trends (5/31/2018)

With steadily increasing crude oil prices and rig counts over the past several months, the U.S. Energy Information Administration (EIA) continues to closely monitor U.S. crude oil production trends. EIA publishes several reports that cover current crude oil production conditions and how recent trends may affect the near-term outlook for the oil industry (Figure 1). Each product is distinct in its purpose, methodology, timeframe, and regional coverage. While some reports are estimates of current production volumes, others focus on forecasting future production. ... More »

Wednesday, 23 May 2018

Rising crude oil prices are contributing to higher gasoline prices heading into Memorial Day weekend (5/23/2018)

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. This year marks the highest price ahead of the Memorial Day weekend since 2014, when the national average price of regular gasoline was $3.67/gal (Figure 1). Relatively higher crude oil spot prices, strong gasoline demand, and falling gasoline inventories are all factors contributing to higher gasoline prices. ... More »

Wednesday, 16 May 2018

Total liquid fuels inventories return to five-year average levels in the United States and the OECD (5/16/2018)

The extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC) November 2016 agreement to cut production has ended, and the large buildup of global inventories during that period has now been drawn down. As OPEC plans to reconvene on June 22, markets now appear more in balance, but uncertainty remains going forward. ... More »

Wednesday, 9 May 2018

EIA raises Brent crude oil price forecast by $7 per barrel in 2018 but expects prices to gradually decline through 2019 (5/9/2018)

In the May Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $66/b in 2019, $7/b and $3/b higher, respectively, than was forecast in last month's STEO. Monthly Brent crude oil spot prices averaged $72/b in April, an increase of $6/b from March. April was the first month Brent crude oil prices averaged more than $70/b since November 2014. EIA expects West Texas Intermediate (WTI) crude oil prices to average $5/b lower than Brent prices in both 2018 and 2019 (Figure 1). The higher price forecasts in 2018 result in increased forecast U.S. crude oil production growth compared with last month's forecast, which contributes to looser global oil balances in 2019. ... More »

The Stages Of A Scam

1. Foundation Work: This is the preparations which are made before the scam is put in motion, including the elaboration of the plan, the employment of assistants and so forth.

2. Approach: Is the manner of getting in touch with the scammers victim — often most elaborately and carefully prepared.

3. Build Up: Rousing and sustaining the interest of the victim, rousing his emotions, showing him the chance of profit and filling him so full of anticipation and cupidity that his judgment is warped and his caution thrown away.

4. Pay-off or Convincer: An actual or apparent paying of money by the conspirators to convince the victim and settle doubts by a cash demonstration.

5. The Hurrah: This is like the dénouement in a play and no scam or con scheme is complete without it. It is a sudden crisis or unexpected development by which the victim is pushed over the last doubt or obstacle and forced to act. Once the hurrah is sprung the victim is clay in the scammer's hands or there is no game.

6. The In-and-In: This is the point in a scam act where the conspirator may put some of his money into the deal with that of the victim; first, to remove the last doubt that may tarry in the gull's mind.