Scammers Are Exposed On This Site

Thursday, 12 October 2017

Permian Basin expected to drive fourth quarter U.S crude oil production increases (10/12/2017)

In its Short-Term Energy Outlook (STEO) update released this week, EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. ... More »

Wednesday, 4 October 2017

Propane supply for Midwest markets appears normal as heating season begins (10/4/2017)

The first week of October marks the start of the winter heating season. Propane inventories in the Midwest, Petroleum Administration for Defense District (PADD) 2, have increased in the past few weeks to reach levels near the five-year average (normal). However, the process and timing of inventories reaching their normal levels this year was unusual, likely because of disruptions on the Gulf Coast related to Hurricane Harvey. ... More »

Wednesday, 27 September 2017

Crude oil and petroleum product exports reach record levels in the first half of 2017 (9/27/2017)

Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, a 57% increase. Petroleum product exports grew over the same period as well. Crude oil and propane exports each reached record highs of 0.9 million b/d, and distillate exports reached a record of 1.3 million b/d. ... More »

Wednesday, 20 September 2017

U.S. oil companies increased liquids production and cash flow in the second quarter of 2017 (9/20/2017)

Second-quarter 2017 financial statements for 55 U.S. oil companies indicate that aggregate liquids production grew year over year for the first time since the fourth quarter of 2015. Cash flow from operating activities also increased year over year, the third consecutive quarter of year-over-year growth, reaching the highest level in nearly two years. These companies’ ability to sufficiently meet financial obligations and their increased hedging activity, which locks in prices for their future production, suggest that production could continue growing in the coming quarters. ... More »

Wednesday, 13 September 2017

Hurricane Irma prompts high gasoline demand as it disrupts Florida's supply chain (9/13/2017)

Hurricane Irma has created several issues with gasoline markets in Florida, both by prompting increased demand and disrupting the supply chain needed to deliver gasoline. Hurricane Irma made landfall in South Florida on September 10 and proceeded on a northwesterly path up the length of the state. Because of the evacuation of people in anticipation of Hurricane Irma, demand for transportation fuels and the logistical challenges in supplying Florida began before it made landfall. As Hurricane Irma approached, shipping traffic was diverted and ports closed, stopping the flow of petroleum products into Florida. People filling their gasoline tanks in anticipation of the storm resulted in a rapid increase in demand. In Hurricane Irma’s aftermath, demand is slowly returning to normal levels, allowing time for resupply to arrive and supply chains to adjust. ... More »

Friday, 8 September 2017

Hurricane Harvey disrupts U.S. Gulf Coast refineries, infrastructure, and supply chains (9/8/2017)

With its landfall near Corpus Christi, Texas as a Category 4 storm two weeks ago on August 25, 2017 and subsequent path along the Gulf Coast, Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and prices because of the high concentration of petroleum infrastructure in the Gulf Coast, Petroleum Administration for Defense District (PADD) 3. Just over half of all U.S. refinery capacity is located in PADD 3; Texas alone represented 31% of all U.S. refinery capacity as of January 2017. These refineries supply petroleum products to local markets, domestic markets on the East Coast (PADD 1) and in the Midwest (PADD 2), and international markets. As of March 2017, PADD 3 accounted for 49% of total U.S. working crude oil storage capacity and over 40% of working storage capacity for both motor gasoline and diesel fuel. Furthermore, PADD 3 represented 62% of total U.S. crude oil production in 2016, with an additional 18% coming from the Federal Offshore Gulf of Mexico. ... 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.