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Wednesday 14 February 2018

Economic indicators can inform non-OECD liquid fuels consumption forecasts (2/14/2018)

Increases in economic activity are typically associated with growth in petroleum and other liquids consumption. EIA lowered the 2018 oil-consumption-weighted Gross Domestic Product (GDP) growth forecast in countries outside the Organization for Economic Cooperation and Development (OECD) in the February 2018 Short-Term Energy Outlook (STEO) from the January STEO, but growth expectations for those countries remain higher than all 2017 STEO forecasts. In the February STEO, EIA expects global petroleum and other liquid fuels consumption to grow by 1.7 million barrels per day (b/d) in 2018, with 1.3 million b/d of that growth coming from non-OECD countries (Figure 1). Because oil consumption data can be lagged or incomplete, the use of frequently released economic indicators can be useful for confirming stronger or weaker periods of economic growth and inform oil consumption forecasts. ... 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.