Scammers Are Exposed On This Site

Wednesday, 16 August 2017

EIA's Drilling Productivity Report initiates coverage of the Anadarko Basin (8/16/2017)

To provide more complete coverage of U.S. crude oil and natural gas production, the EIA has expanded its Drilling Productivity Report (DPR) to cover the Anadarko Region, which encompasses most of the production from the Anadarko Basin in 24 counties in Oklahoma and 5 counties in Texas. The Anadarko Region has a long history of hydrocarbon production and, in recent years, has seen an increase in activity, mainly from two areas commonly known as the STACK (Sooner Trend Anadarko Canadian and Kingfisher) and SCOOP (South Central Oklahoma Oil Province) plays. ... More »

Wednesday, 9 August 2017

Strong domestic and export demand is outpacing U.S. gasoline production, resulting in stock draws (8/9/2017)

Gasoline production by U.S. refiners and blenders is running at record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. Despite growing domestic and foreign demand leading to draws from gasoline stocks over the past seven consecutive weeks, gasoline inventories also continue to remain above their five-year average levels. ... More »

Thursday, 3 August 2017

Seasonality of U.S. distillate consumption and stock levels is declining (8/3/2017)

Changes in demand trends, trade patterns, and fuel specifications have significantly reduced the role of traditional seasonal factors in driving U.S. distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. In recent years, use of distillate as a heating fuel has decreased significantly, while its use as a transport fuel has remained relatively flat (Figure 1). Distillate stocks, which were traditionally drawn down during winter in recent years, have shown little change or even have built over the October-March winter heating season (Figure 2). However exports of distillate fuels, a growing portion of the overall disposition of U.S. distillate production, have actually become more seasonal in recent years, but because the net export peak occurs in the summer months, this change serves to offset the winter peak in domestic heating demand (Figure 3). ... More »

Wednesday, 2 August 2017

The This Week in Petroleum feature article will be published Thursday, August 3, 2017. All data has been updated as of August 2, 2017. (8/2/2017)

The U.S. average regular gasoline retail price increased 4 cents from a week ago to $2.35 per gallon on July 31, up 19 cents from the same time last year. The Midwest price rose over six cents to $2.28 per gallon, the East Coast price increased over four cents to $2.31 per gallon, the West Coast price rose less than three cents to $2.83 per gallon, the Gulf Coast price increased less than two cents to $2.08 per gallon, and the Rocky Mountain price increased less than a penny to remain $2.34 per gallon.. ... More »

Wednesday, 26 July 2017

Maritime chokepoints are critical to global energy security (7/26/2017)

The U.S. Energy Information Administration (EIA) has released its 2017 World Oil Transit Chokepoints report highlighting chokepoints that are part of major trade routes for global seaborne oil transportation (Figure 1). Chokepoints are narrow channels along widely used global sea routes for oil transport, with some so narrow that restrictions are placed on the size of the vessel that can navigate through them. Chokepoints are critical to global energy security. ... More »

Wednesday, 19 July 2017

U.S. crude oil production forecast to average 9.9 million barrels per day in 2018 (7/19/2017)

EIA forecasts that total U.S. crude oil production will average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, crude oil production is expected to reach an average of 9.9 million b/d, which would surpass the previous record of 9.6 million b/d set in 1970. Most of the growth in U.S. crude oil production from June 2017 through the end of next year is expected to come from tight rock formations within the Permian region in Texas and from the Federal Offshore Gulf of Mexico (GOM) (Figure 1).. ... 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.