Scammers Are Exposed On This Site


Wednesday 31 January 2018

China is now the world's largest crude oil importer (1/31/2018)

China surpassed the United States in annual gross crude oil imports in 2017 by importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d of U.S. crude oil imports (Figure 1). China had become the world's largest net importer (imports less exports) of total petroleum and other liquid fuels in 2013. New refinery capacity and strategic inventory stockpiling combined with declining domestic production were the major factors contributing to the recent increase in Chinese crude oil imports. ... More »

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Wednesday 24 January 2018

Household costs for heating fuel to increase this winter (1/24/2018)

EIA expects that U.S. average household expenditures for heating oil and propane for the 2017–18 winter will be higher than last winter according to the January Short-Term Energy Outlook (STEO). Compared with last year, higher crude oil prices and lower inventory levels are putting upward pressure on the prices for heating fuels (Figure 1). In addition, forecasts for a colder winter than last year—one of the warmest on record for much of the United States—are expected to increase heating fuel consumption. As a result of increased prices and higher consumption, EIA expects average household expenditures for heating oil and propane to increase from last year’s levels. ... More »

Thursday 18 January 2018

Pipeline constraints likely affecting Canadian crude oil prices, Cushing inventories (1/18/2018)

Pipeline constraints have probably resulted in Western Canada Select (WCS) crude oil prices trading at their lowest levels compared with West Texas Intermediate (WTI) prices in nearly three and a half years. The constraints have likely contributed to the increase in crude oil shipments by rail, a more expensive form of transportation that is ultimately reflected in the WCS–WTI price spread. Reduced pipeline flows from Canada could also be a factor in the recent reduction in crude oil stocks in Cushing, Oklahoma, which declined by 22 million barrels (34%) since the beginning of November and were 17% below their five-year average as of January 12, 2018. ... More »

Wednesday 10 January 2018

EIA forecasts mostly flat crude oil prices and increasing production in 2018 and 2019 (1/10/2018)

The price of Brent crude oil averaged $54/barrel (b) in 2017, an increase of $10/b from 2016. EIA's January Short-Term Energy Outlook forecasts Brent to average $60/b in 2018 and $61/b in 2019. In both 2018 and 2019, EIA expects total global production to be slightly greater than global consumption, with U.S. production increasing faster than production in any other country, contributing to modest inventory builds. ... More »

Thursday 4 January 2018

Growing octane needs widen the price spread between premium and regular gasoline (1/4/2018)

In late 2016, the difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past three years (Figure 1). Many factors on both the supply and demand sides are likely influencing this trend. ... 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.