WGR Werk, Geldzaken, Recht en de Beurs
Hier kun je alles kwijt over sollicitaties, werksituaties, belastingen, (handelen op) de beurs, hypotheken, beleggingen en salarissen, arbeidscontracten of geschillen met je (huis)baas. Alles over werk, geldzaken en recht dus.
Heb vandaag mijn olietrackers verkocht... Ben eens benieuwd, terugkopen binnen een half jaar lijkt plausibel?
Dan zijn er geen dollars meer.quote:Op zaterdag 30 mei 2009 15:02 schreef waht het volgende:
D'r zit eindelijk weer wat beweging in de olieprijs. Gesloten op 66,31 dollar.
Bij MSNBC noemen ze het 'skyrocketten', dat vind ik wat overdreven.
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$130 per vat olie in 2030 zou ik voor tekenen.
30? Een daling van de olie is inderdaad wel goed, maar voordat we op de 30 zitten duurt het nog wel even. We zullen wsch, snel een tiental dollars zakken om weer een lange poos zijwaarts in de olie prijs te hangen. Zolang er genoeg vragen blijven omtrent of het economisch herstel nu wel zo gaat als gewenst kan de olie nog wat verder zakken. Overigens heb ik ook shorts op de olie.quote:
People once tried to make Chuck Norris toilet paper. He said no because Chuck Norris takes crap from NOBODY!!!!
Megan Fox makes my balls look like vannilla ice cream.
Megan Fox makes my balls look like vannilla ice cream.
Blijkt dat uit technische analyse?quote:
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And when the leaves fall the land looks more human
it's got me questioning the essence of my farm boy blues
hence, I never wore the fashions of the know-what-I'm-doin'
And when the leaves fall the land looks more human
it's got me questioning the essence of my farm boy blues
hence, I never wore the fashions of the know-what-I'm-doin'
Ik zou olie nooit shorten om geopolitieke redenen. Als Iran wordt aangevallen ben je al je geld kwijt.quote:Op dinsdag 7 juli 2009 01:23 schreef sitting_elfling het volgende:
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30? Een daling van de olie is inderdaad wel goed, maar voordat we op de 30 zitten duurt het nog wel even. We zullen wsch, snel een tiental dollars zakken om weer een lange poos zijwaarts in de olie prijs te hangen. Zolang er genoeg vragen blijven omtrent of het economisch herstel nu wel zo gaat als gewenst kan de olie nog wat verder zakken. Overigens heb ik ook shorts op de olie.
President Camacho
TV series: Boardwalk Empire | Burn Notice | Dexter | Game of Thrones | Impractical Jokers | Luther | Sherlock | Sons of Anarchy
TV series: Boardwalk Empire | Burn Notice | Dexter | Game of Thrones | Impractical Jokers | Luther | Sherlock | Sons of Anarchy
Ja zeg, d'r is geen lol meer aan dit topic als we de komende 5 jaar een stabiele olieprijs krijgen.quote:IEA sees global oil supply crunch risk recede
The world may escape an oil supply crisis for the next five years because a slow recovery from the economic downturn would hold down growth of demand, the International Energy Agency (IEA) said on Monday.
The IEA slashed its mid-term estimate for world oil demand, which it said may rise by an average 0,6% a year from 2008 to 2014, down sharply from its forecast of 1,6% growth made last year.
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"Whether we end up facing a supply crunch again by mid-decade, or with a more comfortable buffer of supply flexibility, depends largely on the pace of economic recovery and government action on efficiency," the IEA's director, Nobuo Tanaka, said in a statement.
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In Monday's report it sharply lowered its oil supply estimates and cautioned that tighter supply forecasts for 2013 and 2014 raised the prospect of an "increasingly volatile" market in that period.
(..)
"Oil demand growth will be driven by non-OECD countries, while oil consumption in the OECD will decline," it said, referring to the grouping of 30 rich states. It stressed strong potential growth in China, Asia and the Middle East.
The problem is not the occupation, but how people deal with it.
Gezien de toename van de crisis, toename van de werkloosheid, en bijbehorende afname van de consumptie, kan ik me goed voorstellen dat de olieprijs weer richting $40 gaat. Tenzij de productie nog verder omlaag gaat, maar dan remt de OPEC de wereldeconomie alleen maar verder af, waardoor het langer duurt voor ze weer hoge prijzen kunnen vangen.
censuur :O
Ik denk dat elke grootmacht wel weet dat dit een zeer onverstandige beslissing zou zijn.quote:Op dinsdag 7 juli 2009 09:12 schreef pberends het volgende:
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Ik zou olie nooit shorten om geopolitieke redenen. Als Iran wordt aangevallen ben je al je geld kwijt.
Israel doet niks zonder backup van de US, de Amerikanen hebben hun handen nu al vol met Afghanistan, Irak en Noord Korea.
Dan kan je je beter zorgen maken over Nigeria imo.
Soms vind ik het hele politieke 'gelul' omtrent olie wat verdacht. Tuurlijk als je in een tijdschaal van de jaren 60 tot nu de productie / prijs van olie naast elkaar zou zetten zie je dat grote politieke situaties in de wereld behoorlijk invloed hebben gehad maar mijn inziens wordt het soms ook te makkelijk als excuus gebruikt. Enige redenen om short te zitten voor olie op dit moment is dat de olieprijs onevenredig is gestegen en de economie niet gebaat is bij hoge olieprijzen. En tot dusver van iets boven de 70 tot bijna bij de 60 is alweer een leuke daling, vandaag overigens ook weerquote:Op dinsdag 7 juli 2009 23:34 schreef tony_clifton- het volgende:
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Ik denk dat elke grootmacht wel weet dat dit een zeer onverstandige beslissing zou zijn.
Israel doet niks zonder backup van de US, de Amerikanen hebben hun handen nu al vol met Afghanistan, Irak en Noord Korea.
Dan kan je je beter zorgen maken over Nigeria imo.
. Gezien we de recessie nog niet achter ons hebben kan de olie prijs dus wel weer wat naar beneden.Mocht er een oorlog uitbreken in een olie land of politieke rotzooi uitbreken? Dan gaan we toch long?
People once tried to make Chuck Norris toilet paper. He said no because Chuck Norris takes crap from NOBODY!!!!
Megan Fox makes my balls look like vannilla ice cream.
Megan Fox makes my balls look like vannilla ice cream.
Ik denk dat je perfect nu al long kan gaan.
Ik had in ieder geval aandelen van een tracker (US Oil Fund), heb daar 20% rendement op genomen, dus ben er nu tijdelijk uit. Om de redenen die jij aanhaalt. Ik denk echter wel dat 't perfect verdedigbaar is dat olie eigenlijk alleen maar omhoog kan op de lange termijn. Er worden niet vaak gigantische olievelden meer ontdekt, dus vraag en aanbod gaat beginnen spelen en de huidige prijzen zijn sowiezo goede instapmomenten dan denk ik.
Eigenlijk is het absurd dat zo'n polyvalente grondstof voornamelijk wordt gebruikt om om te zetten naar CO2, H2O en een paar kJ...
Ik had in ieder geval aandelen van een tracker (US Oil Fund), heb daar 20% rendement op genomen, dus ben er nu tijdelijk uit. Om de redenen die jij aanhaalt. Ik denk echter wel dat 't perfect verdedigbaar is dat olie eigenlijk alleen maar omhoog kan op de lange termijn. Er worden niet vaak gigantische olievelden meer ontdekt, dus vraag en aanbod gaat beginnen spelen en de huidige prijzen zijn sowiezo goede instapmomenten dan denk ik.
Eigenlijk is het absurd dat zo'n polyvalente grondstof voornamelijk wordt gebruikt om om te zetten naar CO2, H2O en een paar kJ...
http://www.nrc.nl/economi(...)ieproducten_beperkenquote:VS wil speculatie op olieproducten beperken
Gepubliceerd: 8 juli 2009 13:33 | Gewijzigd: 8 juli 2009 13:33
Door een onzer redacteuren
Rotterdam, 8 juli. De belangrijkste Amerikaanse toezichthouder op de handel in grondstoffen, de Commodity Futures Trading Commission (CFTC), wil strenger optreden tegen de mogelijke invloed van speculatieve beleggers op de termijnhandel in olieproducten.
„We zullen op agressieve wijze al ons invloed gebruiken om een faire, open en efficiënte marktwerking te verzekeren", zei Gary Gensler, de nieuwe voorzitter van de CFTC, gisteren.
Inperken speculatieve beleggers
De Amerikaanse beurswaakhond wil in de loop van juli en augustus een aantal hoorzittingen houden met vertegenwoordigers van consumenten- en bedrijfsorganisaties. Tijdens die sessies zal nagegaan worden hoe de invloed van speculatieve beleggers, zoals hedgefondsen en investeringsbanken, verder kan ingeperkt worden. Er wordt ondermeer gedacht aan het opleggen van een bovengrens voor de hoeveelheid geld die één individuele handelaar in één bepaalde grondstof kan investeren.
Het initiatief van de CFTC komt nadat een medewerker van één van de grootste handelaars in olie, PVM Oil Associates, afgelopen week de prijs van een vat ruwe Brent opdreef tot 73,50 dollar – de hoogste piek dit jaar – door zonder toelating massale beursorders te plaatsen. Dit zadelde PVM in één uur op met een verlies van 10 miljoen dollar (7 miljoen euro). Gisteren viel de prijs voor een vat ruwe Brent op de Londense termijnmarkt alweer terug tot 62,85 dollar, een daling met bijna 15 procent in een week tijd.
Gevaarlijke volatiliteit
In een opiniebijdrage in The Wall Street Journal deden de Franse president Nicolas Sarkozy en de Britse premier Gordon Brown een oproep om de „gevaarlijk volatiele" olieprijs die „het vertrouwen in een economisch herstel ondermijnt" beter in bedwang te houden. Door de recessie in Europa en de VS zijn de prijzen voor ruwe olie, na een piek van 145 dollar in de zomer van 2008, begin dit jaar in elkaar gestort tot circa 34 dollar. Sinds enkele maanden is de grondstof weer aan een opmars bezig op de Londense en Amerikaanse termijnmarkten.
Een deel van de handel op de termijnmarkt wordt veroorzaakt door olieconcerns, energie- en luchtvaartbedrijven die zich met zogeheten futures of termijnorders indekken tegen al te heftige prijsschommelingen. Een ander deel door financiële beleggers die zich op die manier proberen in te dekken tegen inflatie en de zwakke dollar. Speculanten zorgen voor de nodige liquiditeit in de markt.
Altijd maar weer die marktverstoringen
Speculatie is al zo oud als de weg naar Rome, maar nu is het opeens slecht. Lekker makkelijk scoren weer met symboolpolitiek
SeLang
Black swans matter
Wat een onzinverhaal.
Overigens zijn er al positielimieten
Uit de Nymex contract specificatie:
Overigens zijn er al positielimieten
Uit de Nymex contract specificatie:
Daarnaast wordt het nogal lastig om te bepalen wat een 'evil' speculatie is en wat een legitieme hedge. Zelfs iemand die puur long is in crude kan dit toch altijd verdedigen als zijnde een inflatie hedge? (om maar iets te noemen)quote:Position Accountability Levels and Limits
Any one month - 10,000 net futures; all months - 20,000 net futures; but not to exceed 3,000 contracts in the last three days of trading in the spot month.
"If you want to make God laugh, tell him about your plans"
Mijn reisverslagen
Mijn reisverslagen
En dat bepalen gaat dus denk ik niet gebeuren. Gewoon per wet iets regelen wat voor iedereen geldt, evil of legitiem. Lekker makkelijkquote:Op woensdag 8 juli 2009 16:40 schreef SeLang het volgende:
Wat een onzinverhaal.
Overigens zijn er al positielimieten
Uit de Nymex contract specificatie:
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Daarnaast wordt het nogal lastig om te bepalen wat een 'evil' speculatie is en wat een legitieme hedge. Zelfs iemand die puur long is in crude kan dit toch altijd verdedigen als zijnde een inflatie hedge? (om maar iets te noemen)
Idd, zoals een engelstalige comment daarover ook goed verwoord:quote:Op woensdag 8 juli 2009 16:40 schreef SeLang het volgende:
Wat een onzinverhaal.
Overigens zijn er al positielimieten
Uit de Nymex contract specificatie:
[..]
Daarnaast wordt het nogal lastig om te bepalen wat een 'evil' speculatie is en wat een legitieme hedge. Zelfs iemand die puur long is in crude kan dit toch altijd verdedigen als zijnde een inflatie hedge? (om maar iets te noemen)
quote:It's going to be hard for the CFTC to distinguish 'Bad' speculators and 'Good' speculators. Good speculators are needed to take the opposite positions of physical trades - they provide the all important liquidity. The bad speculators simply buy the market and and use their size and transaction velocity to push up prices.
The problem is that one of the 'Bad' speculators is Goldman- Sachs, the fourth branch of the US government.
OUCH!
Another 'Bad' speculator is China, buying oil with some of its dollar reserves. Here, China would be 'screwing' America in the morning again ... but, what's new? I imagine all the producers are buying long- dated crude contracts - and some call it hedging! This would make the producers bad speculators. Why wouldn't producers manipulate the market? Easier to make cash on oil you DON'T have to deliver ... and if for some ungodly reason delivery is required ... they actually have crude oil to deliver!
Yeaaaay!
Also, shippers and refiners are selling crude back and forth to each other outside of the reach of CFTC. A tanker load of crude is represented by a receipt. How many times will that receipt change hands between the Gulf of Arabia and the Gulf of Mexico? Between the terminal and the the refinery?
I say, good luck CFTC!
Vóór het internet dacht men dat de oorzaak van domheid een gebrek aan toegang tot informatie was. Inmiddels weten we beter.
Klopt, de shorts gaan lekker, van 6,50 al op 12,51 in een week tijd op de brent crude. Dat mag van mij nog wel door naar de 20
People once tried to make Chuck Norris toilet paper. He said no because Chuck Norris takes crap from NOBODY!!!!
Megan Fox makes my balls look like vannilla ice cream.
Megan Fox makes my balls look like vannilla ice cream.
Leestip van de dag:
quote:Der Spiegel: VISIONS OF EUROPE IN 2030
The past thirty years have been a period of perceived resource abundance, particularly with regard to oil as the main resource of the global economy. It is oil that has greased capitalist expansion. By contrast, the coming thirty years -- an uncertain transitional phase away from the oil economy -- will be marked by a deficit of resources and a logic of scarcity. This will apply not only to oil and gas but also to more elementary resources such as food and, in particular, water. The ominous, globally shared perception of scarcity will allow an economic logic of protection to appear rational. Together, greater spatial distance and no smaller temporal distance will lead to a partial reversal of globalization.
Vóór het internet dacht men dat de oorzaak van domheid een gebrek aan toegang tot informatie was. Inmiddels weten we beter.
quote:Forbes: The End Of Fossil Fuel
Oil production is expected to go into terminal decline around 2012. The principal reason is that the largest and most productive fields are becoming depleted while new discoveries have been progressively smaller and of lesser quality. Discovery of new oil peaked over 40 years ago and has been declining ever since despite furious drilling and unprecedentedly high prices.
When it begins to decline, rate of crude production is projected to fall at 5%, or over four mbpd, per year--roughly equivalent to losing the entire production of Latin America or Europe every year. The decline rate will likely accelerate to over 10% per year by 2030.
Vóór het internet dacht men dat de oorzaak van domheid een gebrek aan toegang tot informatie was. Inmiddels weten we beter.
Uiteindelijk zijn oliebedrijven inderdaad gedoemd. Daarom noemen ze zichzelf liever energiebedrijven.quote:Greenpeace study finds oil companies may be doomed
Environmental activist network argues that the oil industry might be approaching a tipping point from fall in the price, advances in technology and policies on climate change
A long-term decline in the demand for oil could undermine the huge investments in Canadian tar sands, which have been heavily opposed by environmentalists, according to a report published today.
The report, by Greenpeace, will make uncomfortable reading for the companies that are investing tens of billions of pounds to exploit the hard-to-extract oil in the belief that demand and the price would climb inexorably as countries such as China and India industrialise.
Citing projections from the oil producers' cartel Opec and the International Energy Agency, as well as various oil experts, the report casts doubt on the conventional assumption that consumption and prices will begin gathering pace once the world pulls itself out of recession.
It argues that alongside the cyclical fall in the oil price there are more fundamental structural changes taking place. These are driven by advances in energy efficiency and alternative energy, cleaner vehicles, government policies on climate change and concerns over energy security. Greenpeace has posted the report to 200 shareholders in Shell and BP, including pension funds, in an effort to put pressure on the companies to think again. BP reports quarterly results tomorrow and Shell on Thursday.
Lorne Stockman, the author of the report, said: "A peak in oil demand was barely discussed even a year ago, but now it is a viable idea. When it happens, I wouldn't want to guess, but it will happen sooner than we thought. There has been lots of talk about a supply peak, but it is good to start talking about a demand peak, and that has huge implications for these companies.
"All of the international oil companies as you look beyond 2020 need a high oil price to be profitable, because they are increasingly being pushed to develop expensive resources in not just the tar sands, but in deep water and offshore Arctic sites.
"But there is something more structural going on," he added. "Governments are beginning to act, and not just the Obama administration. In the EU, the policy driver is climate change, and in China and the US, it is about energy security and the vulnerability of the economy to volatility in the oil price."
The rush to exploit the tar sands in Canada has been described as a modern day gold rush that has led to a huge boom in once sleepy towns in the province of Alberta. The oil was once considered too difficult and expensive to extract as it is a mixture of clay, water and bitumen.
Many of the projects have been mothballed until the oil price recovers. It has fallen from a peak of $147 a barrel and is currently at about $68. Merrill Lynch estimates that the price would need to settle at about $80 to make further investment viable. Critics argue that tar sands extraction is disastrous to the environment, causing deforestation, requiring huge amounts of water and greenhouse emissions three to five times greater than conventional crude.
The report notes that Opec and the IEA have been revising projections for oil demand downwards since 2006, with by far the sharpest revision this year. Opec has revised its 2025 oil forecast down by 12% within the past four years.
Peter Hughes, who spent much of his career at BP and BG, and is now director for global energy at consultancy firm Arthur D Little, recently wrote a report titled 'The Beginning of the End for Oil?' He supports the Greenpeace view and said the correlation between oil demand and GDP growth has been weakened. "It is widely accepted that demand in OECD countries has plateaued and is going into decline but it has also been thought that would be massively outweighed by growth in China. But the Chinese think long-term and identified some time ago that the biggest threat to their economic growth was an increasing dependency on imported energy, which is anathema to them. The conclusion is clear – to reduce the reliance on hydrocarbons through energy efficiency and fundamental technology change. I think we will reach peak oil demand in the middle of the next decade."
About 50% of oil demand in the US fuels cars and the report takes hope from the Obama administration having tied recent bailouts for the industry to the development of cleaner vehicles. But it notes the US is far behind China, where government mandates mean new Chinese cars are 56% more fuel-efficient than those built in Detroit. Fuel-efficient cars in China attract 1% sales tax and sports utility vehicles, 40%.
Greenpeace also contends that a high oil price is simply unsustainable. It cites research from Cambridge Energy Research Associates, which suggests that economies become constrained when the price moves into a band between $100 and $120 a barrel, causing the price to fall back. Another report from energy business analysts Douglas Westwood puts the "recession threshold" even lower, at $80 a barrel.
Shell, which has delayed a number of tar sands projects, argues that energy supply will struggle to keep up with the demands of a growing global population and that in the long term there will be upward pressures on energy prices that justify investing in the Canadian tar sands. "Our first oil sands operation, the Athabasca Oil Sands Project (60% Shell share) was built between 1999 and 2003, when the oil price was considerably lower," a spokeswoman said. Shell has the highest exposure of the majors to the tar sands and is most at risk from a decline in demand.
There are contrary views. The Saudi oil minister warned in May that the world could be facing another oil shock, with prices above $150 within two to three years through a lack of investment in new capacity. The International Monetary Fund has expressed similar concerns. Even Greenpeace does not suggest that there will not be temporary squeezes on demand and price spikes. But it believes that the world might fast be approaching a tipping pointthat could have profound implications.
The problem is not the occupation, but how people deal with it.
quote:Warning: Oil supplies are running out fast
In a stark warning to Britain and the other Western powers, Dr Birol said that the market power of the very few oil-producing countries that hold substantial reserves of oil – mostly in the Middle East – would increase rapidly as the oil crisis begins to grip after 2010.
"One day we will run out of oil, it is not today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for that day," Dr Birol said. "The earlier we start, the better, because all of our economic and social system is based on oil, so to change from that will take a lot of time and a lot of money and we should take this issue very seriously," he said.
"The market power of the very few oil-producing countries, mainly in the Middle East, will increase very quickly. They already have about 40 per cent share of the oil market and this will increase much more strongly in the future," he said.
There is now a real risk of a crunch in the oil supply after next year when demand picks up because not enough is being done to build up new supplies of oil to compensate for the rapid decline in existing fields.
Vóór het internet dacht men dat de oorzaak van domheid een gebrek aan toegang tot informatie was. Inmiddels weten we beter.
quote:Economist.com: How long till the lights go out?
North Sea gas has served Britain well, but supply peaked in 1999. Since then the flow has fallen by half; by 2015 it will have dropped by two-thirds. By 2015 four of Britain’s ten nuclear stations will have shut and no new ones could be ready for years after that. As for coal, it is fiendishly dirty: Britain will be breaking just about every green promise it has ever made if it is using anything like as much as it does today. Renewable energy sources will help, but even if the wind and waves can be harnessed (and Britain has plenty of both), these on-off forces cannot easily replace more predictable gas, nuclear and coal power. There will be a shortfall—perhaps of as much as 20GW—which, if nothing radical is done, will have to be met from imported gas. A large chunk of it may come from Vladimir Putin’s deeply unreliable and corrupt Russia.
Click here to find out more!
Many of Britain’s neighbours may find this rather amusing. Britain, the only big west European country that could have joined the oil producers’ club OPEC, the country that used to lecture the world about energy liberalisation, is heading towards South African-style power cuts, with homes and factories plunged intermittently into third-world darkness.
In terms of energy policy, this is almost criminal—as bad as any other planning failure in New Labour’s 12-year reign (though the opposition Tories are hardly brimming with ideas). British politicians, after all, have had 30 years to prepare for the day when the hydrocarbons beneath the North Sea run out; it is hardly a national secret that the country’s nuclear plants are old and its coal-power stations filthy. Recession has only delayed the looming energy crunch (see article). How did Britain end up in this mess?
quote:Richard Heinberg: Temporary Recession or the End of Growth?
This essay, composed by a mere journalist, in many ways represents the thinking of thousands of physical scientists working over the past several decades on issues having to do with population, resources, pollution, and biodiversity. Ignoring the diagnosis itself—whether as articulated here or as implied in tens of thousands of scientific papers—may waste our last chance to avert a complete collapse, not just of the economy, but of civility and organized human existence. It may risk a historic discontinuity with qualitative antecedents in the fall of the Roman and Mayan civilizations. (37) But there is no true precedent for what may be in store, because those earlier examples of collapse affected geographically bounded societies whose influence on their environments was also bounded. Today’s civilization is global, and its fate, Earth’s fate, and humanity’s fate are inextricably tied.
But even if policy makers continue to ignore warnings such as this, individuals and communities can take heed and begin the process of building resilience, and of detaching themselves from reliance on fossil fuels and institutions that are inextricably tied to the perpetual growth machine. We cannot sit passively by as world leaders squander opportunities to awaken and adapt to growth limits. We can make changes in our own lives, and we can join with our neighbors. And we can let policy makers know we disapprove of their allegiance to the status quo, but that there are other options
Is it too late to begin a managed transition to a post-fossil fuel society? Perhaps. But we will not know unless we try. And if we are to make that effort, we must begin by acknowledging one simple, stark reality: growth as we have known it can no longer be our goal.
Vóór het internet dacht men dat de oorzaak van domheid een gebrek aan toegang tot informatie was. Inmiddels weten we beter.
quote:Elektriciteitsverbruik NL 5% gedaald
Volgens cijfers van Tennet was het Nederlandse elektriciteitsverbruik afgelopen juni 5% lager dan een jaar daarvoor. De daling van 109 TWh naar 103 TWh wordt veroorzaakt door de economische krimp. De bodem van de daling lijkt nog niet in zicht maar door de daling worden wel de kyoto doelstellingen voor CO2 vermindering in 2012 beter haalbaar.
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quote:Russian army drills to defend oil, gas exports
MOSCOW (Reuters) - The Russian army is holding its first major training exercises to protect against what Moscow sees as possible terrorist attacks on its vital oil and gas export routes, the military and media said Wednesday.
Sweeping drills in the Siberian Military district, covering a theater of operations spanning hundreds of miles (km) from Irkutsk to Buryatia near Lake Baikal, started Monday and entered their main phase Wednesday.
"The main focus of the drills is training for effective and preventative measures to counter terrorism and deal with the aftermath of emergencies, as well as with abnormal situations linked to transporting hydrocarbons," the Defense Ministry said on its Website www.mil.ru.
Russia, the world's No. 2 oil exporter, is building a pipeline to carry oil from huge new fields in eastern Siberia to energy-hungry Asian markets, including China, a move that will diversify Moscow's energy reach beyond its traditional European markets.
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quote:What is the status of the U.S. nuclear industry?
There are currently 104 commercial nuclear reactors at 65 nuclear power plants in 31 States. Since 1990, the share of the Nation’s total electricity supply provided by nuclear power generation has averaged about 20%, with the level of nuclear generation growing at roughly the same rate as overall electricity use. Between 1985 and 1996, 34 new reactors were placed in service. In addition, nuclear generation has increased as a result of higher utilization of existing capacity and from technical modifications to increase nuclear plant capacity (expressed in megawatts). In response to incentives provided by the Energy Policy Act of 2005, nuclear power output is expected to grow, but at a slightly lower rate than total electricity generation.
The problem is not the occupation, but how people deal with it.
Sadad I. Al-Husseini, Society of Petroleum Engineers:
quote:Lessons Learned from 2008
One answer should not surprise most oil professionals. The industry discovered
that it had been operating at a production capacity plateau for several years and
no longer can provide the supply elasticity required by global oil demand given
the cost and complexity of the oil-supply chain.
The existence of this ultimate supply ceiling will not recede under the current
prospect for reduced upstream investments. In fact, there are good reasons
to believe that this production plateau will become even more restrictive in the
coming years.
Vóór het internet dacht men dat de oorzaak van domheid een gebrek aan toegang tot informatie was. Inmiddels weten we beter.
