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 find best industrial mineral suppliers and industrial mineral exporters

How to find best Industrial Mineral suppliers and Industrial Mineral exporters

Minerals are one of the essential materials those are widely being used in our everyday life. Directly or indirectly we come across many of the things or objects that are being made from these materials. Many a times we even can’t identify them in common things with which we come across usually. Minerals are among the most important resources of the country as they serve a considerable contribution to the country’s foreign exchange. They are natural chemical compounds and are constituents of rock and ores. They are of different kinds and play significant role in country’s economic & industrial development.

Are you aware of India’s stockpile of minerals? & which kind of business it is enjoying in the international market of minerals & metals?

Do you know India’s position in the global stadium of minerals?

India is among the richest countries in having the mineral resources. It is grabbing many chances of getting bulk of foreign exchange that is from the large export of minerals like iron ore, manganese ore, titanium, granite & bauxite.

India has quite a wide mining sector. It owns more than 3000 mines which provide heaps of different minerals where about 8 lakh people are being employed. This is the sector which helps in the country’s Industrial development as it accounts for about 11% of India’s industrial output.

India is playing a significant role in producing and exporting the variety of minerals around the world and there are a large number of mineral suppliers in the country. About 20% of world’s total reserve of iron ore is contributed by India and about half of it is being exported to the European & Gulf countries and also to the countries like Japan and Korea. Isn’t this surprising to know that the major economic power, Japan imports iron ore from India and that is three-fourth of India’s total export of iron ore? This gives us wide idea about India’s stock of the minerals. India is counted among the largest producers of many other minerals.

India is holding the fifth position in the list of largest manganese producers that too is being exported to Japan. About 60% of world’s total production of mica is from India and it has vast reserves of bauxite too. The major countries in U.S.A., U.K., Russia and Europe export mica from India to the higher extent.

This of course gives us the idea about the wide list of Indian mineral suppliers, dealers and exporters. India has many Industrial Mineral suppliers and Industrial Mineral exporters who are dealing with the global buyers and importers. And due to the huge reserve of minerals many Metal Products manufacturers, exporters, suppliers and dealers are having a wide business of metals in & out of India. These all are having a strong hold on the international market of the respective sector.

Online business is always proved as an effective medium for the international as well as any domestic business. Online Business-2-Business portals are playing very crucial role regarding this. www.made-from-india.com is providing better chances of finest dealings with prominent business players of India in this sector. It is the most efficient B2B portal of its kind which is catering effective services globally. It has a wide dictionary of Indian Minerals & Metals manufacturers, wholesale suppliers and exporters of minerals & metals with whom a quality business of Minerals & Metals can be experienced.

Leapfrog many years ahead of the competition by accomplishing 20 times more

Leapfrog Many Years Ahead of the Competition by Accomplishing 20 Times More!

Did you ever play leapfrog as a child? If you did, you probably landed just beyond the other child. But if you had used a springy trampoline to launch yourself, you could have gone a large distance beyond. Wouldn’t that be fun? What if you could use a rocket-assist pack on your back to fly like you were on the moon hundreds of yards past the other person? I think that would be even more fun, don’t you?

Let’s examine how you might get a similar advantage over your competitors by shooting way past their future performance long before they make those improvements.

The steps for creating a 2,000 percent solution (accomplishing 20 times more with the same time, effort, and resources) are listed here:

1. Understand the importance of measuring performance.

2. Decide what to measure.

3. Identify the future best practice and measure it.

4. Implement beyond the future best practice.

5. Identify the ideal best practice.

6. Pursue the ideal best practice.

7. Select the right people and provide the right motivation.

8. Repeat the first seven steps.

This essay looks at step four.

Jump Past Where Everyone Else Wants to Go

Successful leapfrogging the future best practice (the best anyone will do in five years) requires that your best change leaders unify efforts. These leaders must commit to this challenging objective and shift the organizational culture to support them. Those working on the implementation must become masters of understanding the subprocesses needed to make the successful change.

Triage for Maximum Effect

Narrow your focus to a few areas of highest promise so that you do not water down your potential for results. Begin by segmenting those aspects of exceeding future best practices into three categories that:

1. Can be implemented almost immediately with little effort.

2. Can be implemented within two years with effort and attention.

3. Can be implemented over more than two years.

In your triage agenda, you should be able to do most things that fall into the first category easily, quickly, and with little help except where the activity causes problems for a high-priority item from the second category. The challenge comes in selecting from the second and third categories. Here’s an important limitation to keep in mind: You probably cannot make more than three or four changes at the same time that involve the same people. You’ll make the most progress when you pick the best balance of near- and intermediate-term benefits while placing the least strain on your people and resources. To that mix, add anything else you can do through aggressive use of outside resources that doesn’t increase the internal burden. Within that agenda, give high priority to actions that will give you the most benefit over the next two years. Encourage everyone by organizing your work so that significant benefits will be realized at least every six months.

We’re Almost Done-In

Since the thinking involved in steps five and six (finding and approaching the ideal best practice, the best anyone will ever be able to do) will suggest other outstanding choices, beware of setting too many firm projects at this step. After all, you may be ready with better ideas from step six within just a few weeks. But if completing step six will take more than a few months, you should begin to implement some of what has been identified in step four.

In this case, my recommendation is that you reserve some change capacity (such as time of key people, analytical resources, and budget) beginning around the time that you will have some new projects to add. This approach may mean that you will choose to mine category 1 from the triage list more heavily for now than category 2.

Outsourcing for Outstanding Possibilities

To estimate how long it will take you to put a new practice in place, look at the experience of those who preceded you in implementing those practice elements. Then consider whether your organization will be a faster or slower learner and integrator than they were. As you consider your choices, consider speeding your progress by having the company you studied or some of its former employees be an outsourcing provider. Simply because you want to employ a certain subprocess doesn’t mean that you need to become the world’s expert in that area.

Go Where the Benefits Are the Greatest

Beware of taking quantifications of likely benefits too literally. One project may appear to offer ten times the potential of another project, but the former project may also be a thousand times more difficult. Instead, emphasize places where you can effectively concentrate your resources while facing little resistance from any stakeholder or competitor. Choose a project that seems to offer more benefits, however, when two competing projects present similar difficulty and degrees of opposition.

STALLBUSTERS

Understand Your Track Record for Implementing Beyond Future Best Practices

Organizations vary widely in their ability to exceed future best practices through assembling new combinations of subprocesses. Many overestimate how well they will do in bringing groundbreaking new directions to an industry. Ask yourself these questions:

Keeping your project on schedule

Keeping Your Project on Schedule

As both an active project manager and a project management trainer, people often ask me what are the fundamental aspects to successful project management. Whilst there have been many great books written on the subject, I always summarise what I believe to be the best practices at the heart of good project management.

Define the scope and objectives

For any project to be successful you need to understand what the project is supposed to achieve. Suppose your boss asks you to organise a campaign to get the employees to donate blood. Is the aim of this to get as much blood donated to the local blood bank? Or, is it to raise the profile of the company in the local community? Deciding what the real objective is will help you to determine how you go about planning and managing the project.

The project manager also needs to define the scope of the project. Is the organisation of transport to take staff to the blood bank within the scope of the project? Or, should staff make their own way there? Deciding which activities are within the scope or out of scope of the project has a big impact on the amount of work which needs to be performed during the project.

An understanding of who are the stakeholders is also crucial if you are going to enlist their support and understand what each person expects to be delivered from the project. Once you’ve defined the scope and objectives, you will need to get the stakeholders to review them and agree to them as well as agreeing who should be on the list of stakeholders.

Define the deliverables

To achieve the desired outcome from the project, you must define what things (or products) are to be delivered by the end of the project. If your project is an advertising
campaign for a new chocolate bar, then one of the deliverables might be the artwork for a newspaper advert. So, you need to decide what tangible things are to be delivered and document in enough detail what these things are. At the end of the day, someone will end up doing the work to produce the deliverable, so it needs to be clearly and unambiguously described.

Once you have defined the deliverables, you will need to have the key stakeholders review the work and get them to agree that this accurately and unambiguously reflects what they expect to be delivered from the project. Once they have agreed, you can begin to plan the project. Not defining the deliverables in enough detail or clarity is often a reason why projects go wrong.

Project planning

This is the time when you define how you will achieve the desired outcome of the project embodied within the objectives and definition of deliverables. Planning requires that the project manager decides which people, resources and budget are required to complete the project. You will need to decide if you will break up your project into manageable phases, decide which products will be delivered in each phase, and decide the composition of your project team. Since you have already defined the deliverables, you must decide what activities are required to produce each deliverable.

You can use techniques such as Work Breakdown Structures (WBS) to help you to achieve this. You will need to estimate the time and effort required to complete each activity, dependencies between related activities and decide on a realistic schedule to complete the activities. It’s always a good idea to involve the project team in estimating how long the activities will take since they will be the ones actually doing the work. Capture all of this into the project plan document. You also need to get the key stakeholders to review and agree to this plan.

When developing the project plan, a project manager is often under pressure to produce a plan which meets the (unrealistic) expectations of some of the stakeholders. It is important here that the project manager comes up with a realistic schedule — one which he/she thinks is realistic to achieve. You will be doing nobody a favour if you succumb to pressure and agree to deliver the project in a totally unrealistic schedule.

Communication

Even the best made project plans are useless unless they have been communicated effectively to the project team. Everyone on the team needs to know exactly what is expected of them, what their responsibilities are, and what they are accountable for. I once worked on a project where the project manager sat in his office surrounded by big colour print outs of his latest plans. The problem was, nobody on his team knew what the tasks and milestones were because he hadn’t shared the plan with them. Needless to say the project hit all kinds of problems with people going off and doing the activities which they deemed important rather than doing the activities assigned by the project manager.

Tracking and reporting project progress

Once your project is underway and you have an agreed plan, you will need to constantly monitor the actual progress of the project against the planned progress. To do this, you will need to get reports of progress from the project team members who are actually doing the work. You will need to record any variations between the actual and planned cost, schedule and scope. You will need to report any variations to your manager and key stakeholders and take corrective actions if the variations get too large.

There are lots of ways in which you can adjust the plan in order to get the project back on track (rearrange the order of tasks, assign tasks in parallel if the variation is small, or add more staff to the project or reduce the scope if the variation is very large).

All projects require the project manager to constantly juggle three things: cost, scope and schedule. If the project manager increases one of these, then one of the other elements will inevitably need to be changed as well. So, for a project which is running behind schedule to recover so it can be delivered to it’s original planned schedule, the budget might be increased by employing more staff (although this invariably never achieves the desired result of reducing the time left to complete the project), or the scope will need to be reduced. It is the juggling of these three elements — known as the project triangle — that typically causes a project manager to tear their hair out in frustration!

Change management

All projects change in some way. Often, a key stakeholder in the middle of a project will change their mind about what the project needs to deliver. On projects of longer duration, the business environment has often changed since the start of the project, so assumptions made at the beginning of the project may no longer be valid. This often results in the scope or deliverables of the project needing to be changed. If a project manager simply accepted all of these changes into the project, the project would inevitably be delivered late (and perhaps would never ever be completed) and would inevitably go over budget.

By managing changes, the project manager can make decisions about whether or not to incorporate the changes immediately or in the future, or to reject them. This increases the chances of project success because the project manager controls how the changes are incorporated, can allocate resources accordingly and can plan when and how the changes are made. Not managing changes effectively is often cited as a major reason why projects fail.

Risk management

Risks are any events which can adversely affect the successful outcome of the project. I’ve worked on projects where some of the risks have included: staff lacking the technical skills to perform the work properly, hardware not being delivered on time, the control room being at risk of flooding in a major thunderstorm and many others. Risks will vary from project to project but it is important to identify the main risks to a project as soon as possible and to plan the actions necessary to
avoid the risk, or, if the risk cannot be avoided, to at least mitigate the risk in order to lessen its impact if it does occur. This is what is known as risk management.

Do you manage all risks? No, because there could be too many to manage, and not all risks have the same impact. So a simple way is to identify as many risks as you can, work out how likely each risk is to occur on a scale of 1 to 3 (3 being the worst), estimate its impact on the project on a scale of 1 to 3 (3 being the worst), then multiply the two numbers together. The result is the risk weighting. A high risk weighting is the most severe risk. Just manage the top ten risks i.e. the ones with the highest risk weighting. Constantly review the risks and constantly be on the lookout for new risks since they have a habit of jumping up at unforeseen moments.

Not managing risks effectively is also often cited as a major reason why projects fail.

Summary

So, in a nutshell, these best practices are the main things that I would expect all project managers to do. They are applicable on all projects big or small. Project management is not rocket science. Applying best practices on your project cannot guarantee that your project comes in under budget, on time and exceeds all the expectations of the stakeholders, but applying them will certainly give you a much better chance of delivering your project successfully than if you don’t apply them on your project.

How to start your own successful ebay business

How to Start Your Own Successful Ebay Business

Ever since I was little I always wondered what I would be doing in my future. There were tons of opportunity out there for me and I usually couldn’t decide on what I want to be more a doctor or lawyer. But you always don’t have to look to far when you are trying to come up with a career. One day I was on the internet buying some things from eBay and then all of a sudden a light bulb went off. Why not start my very own eBay business. So I decided that I would start my own business but I needed some rocks to be my foundation for my business. The three rocks are having my finances in check, have a great customer service, and make smart decisions.

The first rock that is going to be my foundation for starting my own business on eBay is to have my finances in check because if you do not keep great tabs on your finances then you are going to be in a whole heap of trouble. You want to make sure that you have money every time that you have to order you new shipment in. Also you want to make sure that you put some money aside for when you have to ship the products to the customers. Another thing that it would be a smart idea to have in line is have some money put away for just in case of an emergency because you don’t want to wind up in a bind and not have the money to get yourself out of it. The financial parts of businesses are pretty much what will make them or what will break them.

The second rock that is going to be my foundation for starting my own business on eBay is to have a great customer service because this is the key to having a booming company. If the customer is not happy then there is no money coming into your eBay business. Also make sure that you customer is going to receive the products that they have bought in a timely manner because if they receive their products late then they will probably leave you bad comments on your eBay account then other customers will see that and you will not have any business.

The third rock that is going to be my foundation for starting my own business on eBay is to make smart decisions because most of the big decisions that you are going to have to make will either make or break the company. Some of the big decisions that you will have to make are what type of product that you want to carry; also who is going to be the supplier that you are going to order your product from, and finally you are going to have to also decide what price you want to sell the products for.

Those are the rocks that are going to be my foundation for starting my own eBay business. Now you guys get started on your own business.