Scammers Are Exposed On This Site

Wednesday, 27 July 2016

Increased gasoline production and high inventories combine to reduce global refinery gasoline margins (7/27/2016)

EIA recently released the What Drives Petroleum Product Prices website that identifies and tracks several fundamental and financial market factors that influence petroleum product spot and futures prices. This tool offers charts that highlight changes in consumption, production, inventories, and trade, mostly related to the U.S. domestic market along with some charts that include global indicators. The charts, a complement to the existing What Drives Crude Oil Prices website, will be updated monthly in conjunction with the release of EIA's Short-Term Energy Outlook (STEO). ... More »

Wednesday, 20 July 2016

Increased drilling may slow pace of Lower 48 states crude oil production declines (7/20/2016)

Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate (WTI) crude oil prices averaged $46.59 per barrel (b) over the last three weeks, a 40% increase over the average price in the first quarter. The Lower 48 states onshore oil active rotary rig count, as measured by Baker Hughes, stood at 336 rigs on July 15, 29 rigs above the end-June number. While declines from existing wells are expected to result in a net decrease in production, increased drilling and higher well productivity are expected to soften the decline. ... More »

Wednesday, 13 July 2016

2016 EIA Energy Conference (7/13/2016)

Due to the EIA conference this week, there is no feature article for This Week in Petroleum today. The conference presentations are now available. ... More »

Thursday, 7 July 2016

Crude-by-rail volumes to the East Coast drop as imports rise (7/7/2016)

Movements of crude by rail (CBR) within the United States, including intra-Petroleum Administration for Defense Districts (PADD) movements, averaged 442,000 barrels per day (b/d) in the first four months of 2016, down 45% from the same period last year. A reduction in CBR movements from PADD 2 (Midwest) to PADD 1 (East Coast) accounts for about one-half of the decline (Figure 1). Since September 2015, CBR volumes have generally decreased as crude oil price spreads have narrowed (making imported crudes relatively cheaper compared with railed supplies), pipelines have come online, and domestic inland production has declined. ... More »

Wednesday, 29 June 2016

U.S. refinery capacity rises 1.9% (6/29/2016)

U.S. operable atmospheric crude distillation capacity as of January 1, 2016 was 1.9% higher than at the beginning of 2015, reaching 18.3 million barrels per calendar day (b/cd) according to EIA's recently released annual Refinery Capacity Report (Figure 1). This is the largest increase in operable capacity since the 2.9% increase as of January 1, 2013 over the start of 2012 that resulted from the restart of East Coast refineries that had closed in 2011. The capacities of secondary units that support heavy crude processing and production of ultra-low sulfur diesel and gasoline, including thermal cracking (coking), catalytic hydrocracking, and hydrotreating/desulfurization, also increased slightly. ... More »

Wednesday, 22 June 2016

Modest changes to crude oil and petroleum product flows expected from expanded Panama Canal (6/22/2016)

On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will open a third set of locks that will facilitate transit of larger ships, the first such expansion since the canal was completed in 1914. However, because of the economics of shipping, trade patterns, and the types of ships used to transport crude and petroleum products, this latest expansion is expected to have a limited effect on most petroleum markets. ... 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.