How future of oil

How Future of Oil

In recent days oil market has witnessed surge in global oil price. Crude oil went to a two-month high on concern that U.S. refiners will fail to produce enough gasoline to keep up with peak demand this summer.
Short fall in supply of oil from Nigeria and uncertainty on Iranian nuclear issues is already keeping buyers of oil nervous. Delivery in May future hit $68 per barrel, a 20 pct jump from last years $56.5 per barrel, only $2.85 from August 2005 high’s of $70.85.
Since last 3 years oil market has been witnessing a substantial rise in the average price of oil. Last week number of oil analyst and agencies have one again raised their 2006 average forecast price to $63.
US Energy department Data reported that refineries are operating around 86 pct of their capacity. Analyst estimates that during same period last year, plants utilised 94 percent of their capacity. Not to forget that February, March & April are also crucial as all the maintenance work is done during these months.
There is difference of opinion as experts differ on whether the current soaring oil demand will outstrip the current supplies, and how quickly.
But for oil watchers, what could be more concerning is that if the current surging demand from China and India persists then Saudi Arabia, which has a known 25% global oil reserve, may see its oil reserves dwindle in twenty years time. Many leading oil analyst says Saudi Arabia is believed to be forced to over supply http://www.100earningtips.com
The country has the ability to produce 15 million barrels per day. Middle Eastern Oil analyst is of view that if Saudi Arabia produces 15 mbp, the lifespan of Saudi Arabia’s proven oil reserve of 260 billion barrel, 100 billion has already been used and therefore the reserves can be used in our lifetimes.
Meanwhile, last year’s impact of five major hurricane hitting United States of America still has the biting effect on the oil industry. Coastal oil refineries are still fighting to deliver maximum production.
Developing oil sands or natural gas-based diesel fuel is slower and more expensive proposition, though researchers are making every effort to produce an alternate to counter oil price.
US President George W Bush in his one of his State Union address in February, called for intense effort to develop more efficient fuel sources. The US Energy Department and the Agriculture Department spend tens of millions of dollars every year on biomass-based energy research and development. This is in addition to the billions of dollars. More than $4 billion was spent in 2004.The U.S. provides in subsidies for the production of corn, from which most domestically produce ethanol is derived.
Considering how ethanol is produced, corn or sugarcane is grown, harvested and delivered to an ethanol plant. Growing and harvesting the corn and heating the reheating the fermented corn of sugarcane to produce ethanol of a high quality to replace some of the gasoline in car requires enormous amount of energy.
According to researchers, it was found that it takes 30 pct more energy to top make ethanol from corn. Wood biomass takes 55 pct more energy. Swiss grass takes about 50 pct. Ethanol is just highly uneconomical product in the West, as compared in developing countries, also due to low labour wages. It also contributes to air pollution. Cars running on gasoline containing ethanol produce more air pollution than cars running gasoline alone.
Another research work on Pig manure is underway. One pig produces 10 pounds of manure to yield up to 21 gallon of crude oil. Hence, it is estimated manure from America’s 60 million pigs could produce 50 million barrels of oil a year. Framers can earn $10 per pig from manure.
There are all very expensive propositions. The researchers would continue to search for oil alternate, but substitute for oil may still be far away. With current pace of global growth, thirst for economic boom and demand incurring due to population explosion is unending.
I have very few reasons to believe that oil prices will fall to USD 50 per barrel and would rather like to argue that we would continue to see higher oil price trend. Without which search for new oil find could not be met due to high exploration cost. Oil price could also be kept high intentionally, to give investors incentive to explore oil and to developed alternate fuel find which requires billions of Dollars. With growing annual demand for 2 million barrel per day, most of it coming from Asia, one single event that disrupts oil production could send prices sky rocketing. Current demand for global oil is 84 million barrel per day. I expect the oil to trade in a USD 75-80 range in a short span of time. Not long ago talking of oil price averaging USD 60 was a sin. So let us get prepared for the next coming big move

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How to select the best wholesale supplier

How to Select the Best Wholesale Supplier

As a retailer I’m often approached by new wholesale, hoping to wrestle my custom away from my existing suppliers. Promises of huge discounts, ever-changing product ranges and a far superior level of service to the one provided by my long-standing wholesaler. The problem is that in the early days of my retail career, when margins were the only thing I cared about, I was seduced by these promises and changed my supplier on a number of occasions, invariably to be disappointed each time. This taught me a valuable lesson — once you’ve found a reliable supplier who provides you with the correct goods, on time, and with a level of customer service that isn’t offensive, stick with them unless you’re absolutely certain that someone can do better.

Of course the number of wholesalers you have to choose from varies greatly from product to product so you may have your mind made up for you. If not though, the key considerations you should bare in mind are as follows:

Reputation — Don’t be afraid to ask other people, even if they are the competition. Try to get the opinion of at least one person who has worked with the supplier before. If the reaction is positive then at least you have a first-hand referral. If a supplier has a reputation for being bad just avoid them. Your shop’s success relies on a continuous flow of stock, so anything that gets in the way of this could be damaging. It’s vert easy to be tempted into using a supplier with a bad reputation because they have the lowest prices. You will regret it!

Language — The way the retail industry is now, a huge number of wholesalers/suppliers are based overseas. Ensure that any overseas supplier you use has a member of staff who is a fluent speaker of your language, unless you happen to be a fluent speaker of there’s. It is vitally important that you can communicate clearly with your suppliers

Payment Terms — Choose a supplier whose payment terms fit with the finances of your business. Very few suppliers these days will ask for the full amount up front but if they do, and to do so would stretch you financially, walk away. Instead choose a wholesaler who operates a sale-or-return policy or a credit policy. This will give you enough time to generate the funds needed to pay for the stock, without putting your business at risk.

Product Range — Differentiation is absolutely critical in retail. If you sell products that are different to the competition then you can sell them at a higher price because of exclusivity. If your products are the same as everyone else’s then the shop with the cheapest prices will get the sale. If possible, find a wholesaler who offers a wide range of original products that are exclusive to them only. For example, if you’re in the market for a wholesale costume jewellery or wholesale fashion jewellery supplier, you will probably find that a number of wholesalers in India or the Far East stock exactly the same products. In this situation it would be advisable to go direct to the manufacturers.

Price — Of course price is an important element. If you can’t make a decent margin on the products you sell, your business will fail. The reason, however, that I have left price til last is because, in my opinion, it shouldn’t be your primary focus.

Inspirational plumber aims to encourage others

Inspirational Plumber Aims to Encourage Others

A female plumber is hoping her success at a national awards show will encourage more women to take plumbing courses.

Natasha McDonald was honoured as England’s top learner at the National Vocational Qualifications awards this June after she was nominated by her tutors due to her inspiring qualities.

Ms McDonald’s tutors at the College of Haringey, Enfield and North East London put her name forward for the award after they were impressed by the way she has acted as a role model for other women looking to enter the construction industry.

The London plumber was praised for her inspirational talks at job fairs in which she encouraged prospective students to take plumbing courses due to the rewarding nature of working in the construction sector.

Ms McDonald, who works for Homes for Haringey, revealed that she was happy to receive the prestigious award because she enjoyed great job satisfaction while working as a plumber.

She said: «It was a shock to be announced overall winner, I’m delighted. I love plumbing and fixing blockages in people’s homes.»

«I’ve studied and work hard so it is really rewarding to get recognised for the work I do. I am also passionate about encouraging other women to enter the construction industry.

Natasha’s achievement will hopefully demonstrate to women that a female can succeed in the stereotypically male dominated construction industry.

«I have been to job fairs on behalf of Homes for Haringey and spoken at Haringey’s International Women’s Day. This has helped me to connect with females who are thinking of a career in construction and offer my advice,» she added.

Lord Baker of Dorking and television personality Arlene Phillips were on hand to present Ms McDonald with a certificate of recognition and a plaque at the ceremony at Royal Horticulture Halls in London.

The annual event celebrates the successes of vocational students from around the country with the VQ Learner of the Year Awards.

Two regional winners from England, one aged under 24 and one aged 25 and over were presented with the top award.

People wishing to follow in Ms McDonald’s footsteps should be aware that the required foundation plumbing courses for beginners is the City & Guilds NVQ 6129 level 2, which allows progression onto the NVQ level 3.

It is essential for potential plumbers to complete both these plumbing courses in order to become fully qualified and work within the industry.

Students should be wary of crash plumbing courses which promise to teach the skills to become a fully qualified plumber in a short period of time.

Increase your knowledge of the oil and gas industry

Increase Your Knowledge of the Oil and Gas Industry

Whether you’re an experienced oil and gas industry worker or someone seeking to get your foot in the door, taking some time to do your research on the profession and it’s recruitment requirements can help you land that “perfect” job. Among all engineers, those working in the petroleum industry can expect the highest starting salaries. Even those working entry-level jobs on offshore oil rigs as roughnecks enjoy high pay as well as great benefits. Because of this, it is no wonder that more and more job-seeking professionals are turning to this constantly booming industry to find a new financially stable line of work.

Extensive research on the internet covers a wide range of oil career possibilities; from exploration and production to pipeline operations and oil and gas refining. Doing research online to find out more information on this exciting field can be a powerful gateway to help job seekers find oil and gas industry jobs. At any single point in time, there are thousands of oil and gas jobs posted all over the internet. The secret is to know where to look and how to determine if the job listing is right for you can be extracted from your research online.

The oil and gas, or petroleum, industry is truly one that is multinational. One can learn from reading articles on the web that the majority of the world’s oil comes from places in the Middle East like Saudi Arabia, the United States, Russia, Canada, and Iraq. You don’t need to do your research, however, to realize that the demand for refined petroleum has never been higher. Gas prices are high and rising, as demand outstrips supply. Oil companies are forced to find ways to extract more oil from known reserves and to find new ways of getting oil. In short, the need for oil and gas job workers is fairly high now and will only increase in the coming years.

Learning the fundamentals of the oil and gas jobs available provides a basic introduction to the industry and can even give a job seeker a peek at “new employee orientation“. For example researching your prospective new line of work will provide a non-technical review of upstream (exploration and production), midstream (gas processing and transportation) and downstream (refining and marketing) operations currently available in the oil and gas industry.

Increasing your knowledge of the oil and gas industry, the jobs the industry can provide, as well as the stability of these jobs, will only empower you, the job-seeking individual. With empowerment comes confidence and confidence is key to applying for and getting one of these exciting new careers in the oil and gas industry. With so many positions available and so many prospective job seekers vying for the same position it is imperative to try and put yourself in a position to present yourself as an asset. With knowledge of the industry, you will be one step ahead of the game.

Institute for independent business executive consultants service business demand

Institute For Independent Business Executive Consultants Service Business Demand

It is no coincidence that in times of business and economic hardship, business owners turn to outsourcing of executive consultants to service their business demand.

Even though most business owners are content to circle their wagons in times of a credit crisis, some of the more proactive entrepreneurial business owners tap into the expertise of executive consultants to drive them out of crisis.

To service business demand during an economic downturn, one has to consider the race for the business growth and expansion finishing line does not have many participants.

This means there are many opportunities waiting to be grabbed by canny business owners. Before any business owner considers retaining the services of any executive consultants to service their business demand they should conduct due diligence. Sadly many executive consultants talk the talk, but in reality very few can walk the walk when hired to service business demand.

Many executive consultants are simply not trained or qualified to conduct strategies designed to grow businesses.

Part of any business owners due diligence should be to identify if their intended executive consultants are actually qualified and current to pass on their business skills. This is often a hurdle that many business owners struggle to scale.

One of the very best indications that executive consultants have indeed graduated from a professional business training programme is to ask if they are an accredited associate of the institute for independent business or the IIB as it is known in business circles. Approximately 5,000 executive consultants have graduated from the IIB residential business school during previous years.

Another method for business owners to check an executive consultants credentials is to check to see if they are a member of a professional business consultancy organisation or trade body. The institute for independent business IIB maintains a membership platform for all of its executive consultants.

The bonus for business owners is that the IIB membership maintains a strict code of ethics which every business consultant member has to adhere to. This ensures that all executive consultants maintain an ethical approach to all their business support activities.

It is worth mentioning that the institute for independent business, or to give it its correct title the institute for independent business international is a not for profit body. I have worked with several IIB executive consultants who are all either self employed business consultants or executive consultants working for other consultancy companies.

Another bonus for business owners utilising the outsourced consultancy services of IIB executive consultants is that they maintain high levels of continuous professional development CPD by attending monthly regional institute for independent business international meetings and quarterly IIB national CPD.

The industry of business consultancy is growing despite the current recession and business owners are hiring qualified executive consultants to service business demand.

The International business guru graduated from the institute for independent business several years ago and is now a Fellow of the IIB. He suggests there are a number of regional institute for independent business groups in many countries around the world making this business consultancy network one of the most professional networks in the world today.

Consultancy Tip for Business Owners Conducting Online Research:

Open up your internet search engine browser and type in any of the following phrases, the institute for independent business, institute for independent business international, the institute for independent business, institute for independent business iib, institute for independent businesses or simply IIB into Google or any other search engine to identify articles and information posted about the IIB online.Every business oiwner will benefit from the available online information.

It’s interesting that frequently when one searches for the IIB, it is not uncommon for people to spell it incorrectly into their search engine. A quick check reveals that even when spelt incorrectly like, institute for independant business into Google it still indexes a number of these results every month.

A simple slip at your keyboard to include an extra i in iiib, delivers a whopping 18,000 page references from Google’s global monthly search volume.

Worldwide businesses and business owners facing hardship in the current economic downturn are seeking executive consultants from the ranks of the institute for independent business, known globally as the iib. The iib executive consultants service business demand by providing business support & advice to managing directors & business owners in most countries around the world.

The iib executive consultants are in business demand partly because they constitute a professional business fraternity dedicated to providing business owners with valuable business support at affordable prices.

The institute for independent business iib global headquarters are located in Watford, England in close proximity to London. Many other countries are representatives of the institute independent business international and large groups of iib executive consultants assist business owners in America, Australia, South Africa, the Middle East and most European countries.

When iib consultants service business demand, it is only after the most rigorous selection criteria and professional testing, followed by personal interviews at the iib HQ to ascertain one’s professional business status.

Once prospective business executive consultants have been identified and passed the initial selection procedures, the institute independent business iib senior management officers invite the candidate to the iib HQ for a 1 week intensive executive consultants specialised residential training course.

Every one of the trainee executive consultants has to pass this iib training programme before they are permitted to call themselves executive consultants who have successfully graduated from the institute for independent business International residential training school.

It is this very strict selection process reinforced by a rigorous residential business training programme that entices business owners, and produces business demand for the fully trained and qualified executive consultants.

A not for profit business organisation, the institute for independent business and its approximate 5,000 registered executive consultants continue to grow and service business demand for International business owners.