The first in a multi-part series examining our changing energy situation. The first entry introduces the concept of depletion and details why consumers are generally unaware of pending shortages when supplies continue to increase. Future entries explain the mathematical concept of linearization and apply the technique to domestic oil production. The series concludes with a look at global production and limitations of the model.
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Duration : 0:8:15
Crude oil prices have climbed to an 18-month high, just over the $87 a barrel mark. Many economists are pegging the rise in oil prices as a sign that the U.S. economy is finally beginning to break out of its slump as job growth in March showed the biggest gain in three years. Fadel Gheit, senior energy analyst at Oppenheimer, provides analysis.
In this mornings live trading session we saw an ultra high volume up bar as news about BP closing the Georgia pipeline became public, and Oil surged to $115.95 before falling back to below $113.00 in 2 hours of live trading. TradeGuider shorted the Oil, and bought dollars and sold pounds, and in this video we show the trade, explain the set up and invite you to our live trading sessions held online.
The giant Agbami Field is one of the largest deepwater oil offshore discoveries in Nigeria. It’s estimated to hold potentially recoverable volumes of 900 million barrels of crude oil and natural gas liquids and is expected to reach a maximum daily production rate of 250,000 barrels. The cornerstone of the development is one of the world’s largest floating production, storage and offloading (FPSO) vessels, shown here as it was towed to the site. Key components of the FPSO were fabricated in Nigeria, setting a benchmark for using Nigerian goods, labor and services. Agbami represents not only a new source of energy supply, but also provides employment and economic opportunities for Nigeria.
March 31 (Bloomberg) — John Hofmeister, former president of Royal Dutch Shell Plc’s U.S. unit and chief executive officer of Citizens for Affordable Energy, talks with Bloomberg’s Margaret Brennan about the outlook for offshore oil exploration.
Larry Kudlow interview of Sierra Club director following President Obama’s announcement to expand offshore exploration. In the interview we hear that the Sierra Club executive director could care less that offshore oil has been proven to reduce oil seepage pollution on California beaches. It shows that the Sierra club has no real interest in California having cleaner beaches. Why doesn’t the Sierra Club celebrate that in California we are getting cleaner beaches while producing domestic energy resources? The Sierra Club executive director has no interest in giving up all the oil-based products he uses, he just likes to attack the companies that produce the product he uses every day.
March 31 (Bloomberg) — U.S. Interior Secretary Ken Salazar talks with Bloomberg’s Betty Liu about President Barack Obama’s plans to expand offshore oil and natural-gas drilling along U.S. coastlines.ΒΆ
http://tinyurl.com/Rigworker
saudia arabia, aerial oil refinery, oil pump, oil workers, 1990s, http://www.myfootage.com/details.php?gid=0&sgid=&pid=17280
huge governmental gold sales behind the scenes, american soldiers working to supply oil to China, pickpocketing because of red tide toxic algae, us treasury rigging the market in summer of 2008 to jack up the value of the dollar and lower the price of crude oil, recorded on September 20th 2008