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Wednesday 16 September 2015

EIA projects lower gasoline prices despite recent demand growth (9/16/2015)

Global gasoline demand in the first half of 2015 was higher than expected, at a time when crude oil prices were falling, which contributed to very strong refinery wholesale gasoline margins. However, EIA does not project the same pattern to continue next year. The Short-Term Energy Outlook (STEO), which was released on September 9, forecasts slowing gasoline demand growth. While gasoline margins are projected to show their typical seasonal trend, falling from their 2015 peak to a low point at the end of the year, then rising through spring 2016, next year’s forecast margins are closer to those experienced over the 2011-14 period than to the higher wholesale margins in 2015. In addition to lower expected gasoline demand growth, the outlook for lower margins reflects a forecast rise in Brent crude oil prices during 2016 and the expectation that refinery outages in 2016 will not be as significant for gasoline markets as those experienced in 2015. ... More »
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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.