Scammers Are Exposed On This Site


Wednesday, 28 September 2016

Rapid growth in propane exports drove U.S. petroleum product export growth in the first half of 2016 (9/28/2016)

In the first half of 2016, the United States exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume—an increase of 500,000 b/d over the first half of 2015. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,000 b/d, respectively, propane exports increased by more than 230,000 b/d (Figure 1). Propane is now the second-largest U.S. petroleum product export, surpassing motor gasoline. While total U.S. petroleum product exports grew, export destinations remained largely unchanged. ... More »

Wednesday, 21 September 2016

Pipeline shutdown disrupts gasoline supply in the Southeast (9/21/2016)

A partial shutdown of the Colonial Pipeline system, a major source transportation fuels supply to the Southeast, has disrupted gasoline supplies, leading to higher prices and product shortages in parts of the region. ... More »

Wednesday, 14 September 2016

EIA's weekly crude oil inventory data will soon be presented without lease stocks (9/14/2016)

Starting with the Weekly Petroleum Status Report (WPSR) published on October 13, 2016, the U.S. total commercial crude oil inventory weekly data series will no longer include lease stocks. This change reflects our understanding that lease stocks are not yet available for commercial use and that in many cases operators do not count them as production until they are transferred off of the lease via pipeline, rail, or trucks to tank farms for storage. ... More »

Thursday, 8 September 2016

U.S. retail gasoline prices at twelve-year low heading into Labor Day (9/8/2016)

The U.S. average retail price for regular gasoline was $2.24/gallon (gal) on August 29, the lowest price on the Monday before Labor Day since 2004 and 27 cents/gal lower than the same time last year (Figure 1). Lower crude oil prices are the main factor behind falling U.S. gasoline prices. Lower crude oil prices reflect continued high global crude oil and petroleum product inventories and increased drilling activity in the United States. Despite strong gasoline demand, high inventories and lower crude prices have been putting downward pressure on gasoline prices and refinery margins. ... More »

Wednesday, 24 August 2016

Changing crude oil price differentials contribute to global convergence of refining profits (8/24/2016)

Refinery earnings were lower in second-quarter 2016 compared with the same time last year and are converging among different locations globally. Lower crack spreads (the price difference between crude oil and petroleum products) contributed to declining profits for some refiners compared with 2015. Also, North American refiners—which for years were consistently more profitable than other refiners—were less profitable than European refiners for the second consecutive quarter. Changes in North American and European crude oil price differentials are likely contributing to the convergence in profits. ... 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.