Scammers Are Exposed On This Site

Wednesday, 6 December 2017

Monthly Midwest crude oil imports surpassed Gulf Coast crude oil imports for first time (12/6/2017)

In August, monthly U.S. imports of crude oil coming into the Midwest (Petroleum Administrative Defense District (PADD) 2) exceeded imports of crude oil into the Gulf Coast (PADD 3) for the first time since the U.S. Energy Information Administration began keeping records in 1981. Although Hurricane Harvey disrupting Gulf Coast port operations and temporarily limiting imports was a primary factor in this reversal, which continued in September, other long-term trends contributed as well. Specifically, imports of crude oil into the Gulf Coast have been decreasing over the past 10 years, and imports into the Midwest have been increasing over the same period. These long-term trends narrowed the difference in imports between the two regions and contributed to the reversal in the historical relationship after Hurricane Harvey (Figure 1). ... More »

Wednesday, 29 November 2017

The United States continues trend toward exporting more gasoline than it imports (11/29/2017)

Despite record high gasoline consumption, the United States is on pace to export more gasoline than it imports for the second year in a row. Changes in regional markets, increased demand for exports, and high refinery runs are once again leading to the United States to be a net exporter in 2017. ... More »

Wednesday, 22 November 2017

Gasoline prices ahead of the Thanksgiving holiday are higher than last year (11/22/2017)

The weekly average U.S. gasoline price heading into the 2017 Thanksgiving holiday is $2.57 per gallon (gal), 41 cents/gal higher than it was the week before Thanksgiving last year and 47 cents/gal higher than at the same time in 2015. However, gasoline prices are more than 19 cents/gal lower than the previous five-year average for the same date (Figure 1). Although refinery operations have recovered after hurricane outages, higher crude oil prices, tighter inventories, and stronger demand (measured as product supplied) have all contributed to higher current gasoline prices. ... More »

Wednesday, 15 November 2017

Exchange-traded funds play an increasing role in oil futures markets (11/15/2017)

Although exchange-traded funds (ETF) are relatively new, their increased positions of oil futures contracts in recent years may have, at times, affected market liquidity and price volatility. ETFs allow smaller capitalized investors indirect access to the oil futures market. Their growth has likely contributed to the increased volume in crude oil futures trading and the number of outstanding contracts (open interest), but the effects on price direction are unclear. ... More »

Wednesday, 8 November 2017

Transportation constraints and export costs widen the Brent-WTI price spread (11/8/2017)

In its November Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b during the second half of 2018 (Figure 1). WTI averaged $2/b lower than Brent price through the first eight months of 2017 and averaged $6/b lower than the Brent price in September and October. ... More »

Wednesday, 1 November 2017

An increasingly large share of U.S. distillate production is exported (11/1/2017)

U.S. distillate exports have continued to increase significantly over the first part of 2017, setting record highs for three consecutive months from May through July (Figure 1) before declining in August (at least partially as the result of hurricane activity). At the same time, U.S. distillate demand was relatively stable, increasing only slightly from January through July 2017 compared with 2016 levels. ... 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.