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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Indusrty's best cordless impact drills

Indusrty's Best Cordless Impact Drills

Impact drills are not just brawn, on the contrary, they offer quite a bit of brain as well. With power and versatility, one of these tools does a great deal more than simply drive screws; with the help of a brilliant, self-triggering impacting mechanism, these tools move through concrete and other seemingly impossible materials with striking ease. Ultimately, a good impact drill can make life easier on many counts, but finding the one that best suits you isn’t always as easy as simply enjoying its benefits. I’d like to help you define your search for the best fitting impactor by high-lighting the industry’s toughest, most impressive impact drills — some, with price-tags that will surprise you.

For heavy-duty users Makita’s BTD141 (18v) cordless impact driver truly packs a wallop incorporating new features and a maximum torque motor to deliver 1,330 in/lbs of torque. Remaining compact and lightweight despite all that big power, the tool weighs only 3.4 lbs — this ergonomic shape distributes pressure evenly throughout the tool for comfortable, easy control. A built-in LED light illuminates work spaces, and a high quality heat-hardened steel proprietary hammer and anvil significantly increase the tool’s overall life and durability. The tool also has an electric brake for immediate stops which not only increases your safety, but also minimizes kickback, otherwise known as «the enemy». Additionally utilizing lithium ion battery technology and an exclusive charging system that optimizes battery life and produces more than twice as many cycles, the tool is powerful, durable and terribly efficient. It’s slim, cordless design renders this impactor both mobile and maneuverable an ultimately an ideal choice for everyone from the most industrial workers to the most average homeowner. This BTD141 impact kit ranges in price from $270 — $300.

Another heavy-duty impactor comes in green from Hitachi. Their WH14DL (14.4v) cordless impact driver is built with big power and smooth innovation to master every industrial impacting application from decking to heavy-duty construction projects. Also utilizing lithium ion battery technology, the impactor delivers a perfect union of power, controllability, and durable longevity. Big torque (1,240 in/lbs) allows you to easily complete rough jobs, and the tool’s industrial grade, two-piece motor (equip with heavy gauge copper coils) is one of the strongest in the business. The tool’s two-step speed switch allows users to select between Power-Mode (0 — 2,600 RPM) or Save-Mode (0 — 2,000 RPM) for ultimate control over each task, and with Hitachi’s unique Cool Flow system emitting a steady stream of air into the motor, the impactor can run harder and longer, minimizing the risk of burnout and totally increasing your productivity. At only 3.3 lbs the tool is portable and simple to control and operate providing craftsmen with surprising power in an ultra-compact design. Additionally, the tool’s brushes are externally accessible for the easiest maintenance and replacements, and perhaps most importantly, the tool is covered under Hitachi’s unmatched 10-year warranty. pricing at about $240 — $260, the WH14DL kit is an exceptional tool at a great buy.

In this particular instance, high-quality and high-price don’t necessarily coincide. Pricing from around $195 — $225 Makita’s BTD142HW is an elite tool for a remarkably good value. For the ultimate in high-quality this 18v cordless impact driver provides users with both striking power and an innovative, durable, design. Employing Makita’s superior battery technology and exclusive lithium ion charging system, the tool’s toughness and battery life is virtually unmatched. Producing more than twice as many charging cycles, this system ensures the tool is durable through even the toughest applications. Additionally, with a jaw-dropping power-to-weight ratio, the tool flaunts 1,280 in/lbs of torque while still weighing only 2.8 lbs; this compact design renders the BTD142HW incredibly comfortable to use while the tool’s four-pole, Makita-built motor efficiently delivers high-torque to complete your jobs more efficiently. The impactor’s proprietary hammer and anvil are made with the highest quality (heat-hardened) steel for superior durability, and externally accessible brushes contribute to the tool’s overall serviceability and longevity. An electric brake system additionally ensures safer operation and that as you work, you enjoy vastly minimized kickback, which, if you’ll kindly remember, is «the enemy.» Ultimately, with compact portability and serious power, the tool promises high-quality results, smooth operation, and an overall performance that will consistently, continually impress.

Appealing to users of all levels and price-ranges, Bosch’s PS40-2A is known for its exceptional quality and innovative design. This 10.8v impact fastening driver boasts a sleek, compact design coupled with the most force in its class. powered by a high-performance motor boasting 1,800 RPM (3,000 BPM), and with a hammer and anvil system producing 800in/lbs of torque, the impactor delivers exceptionally fast fastening and an ultra smooth, high-performance. Powered by Bosch’s Litheon technology, batteries built for a totally optimized performance, the tool remains lightweight (at only 2.2 lbs) while still maintaining big power. A variable speed trigger produces a wide range of speed options for greater versatility in a variety of applications, and with a 1/4″ hex quick change chuck that can instantly change from drill bits to driving bits, the tool is incomparably efficient and convenient on the job. The impactor additionally has 3 LED lights integrated into the front of the tool to illuminate dark or tight spaces, and pricing from around $160 — $190, the PS40-2A impact drill kit has the power for heavy-duty effectiveness, at a really great price.

Boasting the smarts of automatic impact and the underrated awesomeness of portable power, any of these impactors are certain to help you achieve the best resutls with an efficient and rewarding power tool.

How to go about hiring a plumber

How to Go About Hiring A Plumber

Unless planning a remodeling or construction project, most residential plumbing needs are «emergencies.» A drain is backed up, a toilet will not turn off, a disposal is not functioning, or a pipe is leaking. If you do not already have a great plumber, you’ll need to take steps to find the right person for the job (unless it’s a 3 am emergency). Below you’ll find several tips for hiring the best plumber for your money.

1) Locate a listing with a local address.

A plumber with only a toll free listing or no address might not be a local company.

2) Look for a qualified plumber.

Qualified plumbers are almost always licensed with the state. You can usually check the license status of a plumber and sometimes look at their complaint record. If not, you can check the Better Business Bureau. The plumber may or may not belong to a union, depending on where you live.

3) Make sure the plumber is insured.

As with any worker you allow in your home, make sure the plumber provides you with a copy of their insurance. You do not want to be on the hook for any worker injured on your property or for damages they might cause.

4) Request an estimate.

When you contact plumbers, tell them you want an estimate. Some plumbers charge for estimates: try to find one that does not. Review the estimates carefully and determine exactly what you are going to be paying for and what is not included, how long the project will take and the date of completion.

5) Ask for specific plans.

Have them show you whenever possible exactly what they will be doing. Plumbing can often run into work beyond the scope of an original diagnosis, so ask for the hourly rate for any work not described. For instance a small copper pipe leak near a hot water heater might reveal the hot water heater is bad. Or when one leak is repaired another one is discovered or created. Make sure any work not expressed in writing will require your written approval.

6) Get more information.

Ask every plumber how long they’ve been on the job, if the total cost includes the final clean up, and what guarantees are there with their work or the installed parts. Ask about the name brands of the particular parts the plumber will be working with. There are many alternative materials available today. For example CPVC is a great replacement for copper. This chlorinated polyvinyl chloride material has some definite advantages over copper pipe. These pipes and fittings do not scale and corrode which eliminates failure and the material does not promote condensation which can cause damage to walls and contents.

7) You should also ask what experience the plumber has had with your particular problem and inquire about any permits that might be required for your project and if the plumber will be responsible for applying for them.

8) Some repairs require the removal of drywall or other structure material to access the area and make the repair. While most plumbers will not be fixing these issues, make sure you know exactly what they will be doing to get to your problem so you will know what else might need repair.

9) Make sure the plumber is going to clean up and mess made by the repair. While they might not replace tiles that had to be removed or patch drywall, they should leave the area clean.

Keep in mind, the lowest estimate may not necessarily be the right one for you. This person will be in your home so make sure you feel comfortable about them. Consider how they answered your questions and how much experience they have, and their references. Skilled plumbers who are familiar with working with the public should take the time to discuss the issue, how they intend to repair it, and their overall estimate. If the plumber has an attitude and does not want to explain things, you should move on to the next one.

How does government protect you from identity theft

How Does Government Protect You From Identity Theft?

The Federal Trade Commission (FTC) and the federal financial institution regulatory agencies have sent to the Federal Register for publication final rules on identity theft «red flags» and address discrepancies. The final rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003.

According to a report of the President’s Identity Theft Task Force, identity theft (a fraud attempted or committed using identifying information of another person without authority), results in billions of dollars in losses each year to individuals and businesses.

The final rules require each financial institution and creditor that holds any consumer account, or other account for which there is a reasonably foreseeable risk of identity theft, to develop and implement an Identity Theft Prevention Program for combating identity theft in connection with new and existing accounts. The Program must include reasonable policies and procedures for detecting, preventing, and mitigating identity theft and enable a financial institution or creditor to:

Identify relevant patterns, practices, and specific forms of activity that are «red flags» signaling possible identity theft and incorporate those red flags into the Program;

Detect red flags that have been incorporated into the Program;

Respond appropriately to any red flags that are detected to prevent and mitigate identity theft; and

Ensure the Program is updated periodically to reflect changes in risks from identity theft.

The agencies also issued guidelines to assist financial institutions and creditors in developing and implementing a Program, including a supplement that provides examples of red flags.

The final rules also require credit and debit card issuers to develop policies and procedures to assess the validity of a request for a change of address that is followed closely by a request for an additional or replacement card. In addition, the final rules require users of consumer reports to develop reasonable policies and procedures to apply when they receive a notice of address discrepancy from a consumer reporting agency.

The final rule-making is issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Trade Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision. The final rules are effective on January 1, 2008. Covered financial institutions and creditors must comply with the rules by November 1, 2008.

The government is doing its best to combat identity theft.  Keeping one step ahead of the thieves by checking your free credit report will ensure that no one has stolen your identity.  The government is doing what it can, but you are the first line of identity theft defense.

Is glaswegian lost in translation

Is Glaswegian lost in translation?

Deals are said to have sunk when entrepreneurs from England or abroad were confronted with the patois synonymous with Rab C Nesbitt, the fictional string-vested Govan ne’erdowell. Jurga Zilinskiene, the Lithuanian boss of Today Translations, insists the move is no gimmick and there is a real need for staff capable of making “Weegie” understood from Vilnius to Vancouver. “We are aware that some of our foreign and UK clients can find the Glaswegian accent difficult to decipher,” states Zilinskiene in near perfect received pronunciation. “While it’s unusual for us to want someone to translate a dialect of English, there is a clear demand.” The experience of Zilinskiene’s clients is not new. As reported in The Sunday Times last week, newly published MI5 archive documents revealed that the thick Glaswegian accent of Mick McGahey, the former vice-president of the National Union of Mineworkers, proved indecipherable to the security service operatives who bugged his phone calls. Janey Godley, the award-winning comedian, is characteristically frank about the problems that come with speaking like an extra from River City rather than a BBC executive at White City. “I would love to say that people in my beautiful, cosmopolitan home city speak as clear as a bell but they don’t,” she says. “The accent is incredibly difficult, it’s very exclusive and not everybody gets it.”  “I quickly learned to speak clearly,” she says. “I am proud of where I came from and under no circumstance did I change my accent to hide that — I changed it so people in New York and New Zealand could understand me.” The comic, who performed to sell-out crowds and rave reviews at the Edinburgh Fringe, said Glaswegians routinely face the sorts of snide comments that would be considered unacceptable if they were directed against other groups in society. She recalls how the late writer Clement Freud sneeringly demanded a translator after she appeared alongside him on Radio 4. “When I go down to England I don’t do any gags for the first six or seven minutes. I just talk to the audience and I speak slowly and that usually helps them get attuned to it.” He believes the Glasgow dialect is unfairly maligned. “I don’t think Glaswegian is any more difficult to understand than other regional accents, like those in Liverpool or the east end of London,” he says. According to linguists, the genesis of the Glasgow dialect has much to do with the fact that the city has always been a cultural melting pot. James Scobbie, professor of speech science at Edinburgh’s Queen Margaret University, said Glaswegian remains one of the UK’s most distinctive accents. “All Scottish accents are very different from others in the English-speaking world. We have an ‘r’ that is pronounced, while other accents are ‘r’-less,” he says. The historical lack of social mobility in the city accounts for the accent’s resilience. Dr Jennifer Smith, a senior lecturer in Glasgow University’s English language department, says the city’s pockets of deprivation, which rank among the worst in Europe, have prevented the accent’s dillution. “We know that Glasgow is statistically poorer and there are a lot of deprived areas, so within those areas there is a lot of non-mobility,” she says. “In that situation, you get dialects passed down and down through the generations.” Smith believes greater television exposure could help Britain tune in, understand and even love Glaswegian. “The Newcastle dialect sounds very different from standard English, but people don’t seem to have as much of a problem as they do with the Glasgow dialect. There are quite a lot of Geordie accents in the media. The more exposure you have to different dialects, the more you pick up on them.” But the idea of employing translators to decipher Glaswegians’ diction has angered city fathers. Alex Mosson, the former Lord Provost who worked alongside Connolly on the Clyde shipyards, says: “It’s a lot of tripe. I travelled the world as Lord Provost and nobody failed to understand me.” Back in the Gallowgate a grandmother bristles at the suggestion that non-Glaswegians should need an interpreter. “It’s a pure brass neck, so it is,” she says. “We can un’erstaund every word o’ EastEnders and Friends nae borra at aw, but they cannae get the gist of whit we talk like. It’s oot a order.” Read full article here: http://www.timesonline.co.uk/tol/news/uk/scotland/article6879460.ece

Deals are said to have sunk when entrepreneurs from England or abroad were confronted with the patois synonymous with Rab C Nesbitt, the fictional string-vested Govan ne’erdowell.

Jurga Zilinskiene, the Lithuanian boss of Today Translations, insists the move is no gimmick and there is a real need for staff capable of making “Weegie” understood from Vilnius to Vancouver.

“We are aware that some of our foreign and UK clients can find the Glaswegian accent difficult to decipher,” states Zilinskiene in near perfect received pronunciation. “While it’s unusual for us to want someone to translate a dialect of English, there is a clear demand.”

The experience of Zilinskiene’s clients is not new. As reported in The Sunday Times last week, newly published MI5 archive documents revealed that the thick Glaswegian accent of Mick McGahey, the former vice-president of the National Union of Mineworkers, proved indecipherable to the security service operatives who bugged his phone calls.

Janey Godley, the award-winning comedian, is characteristically frank about the problems that come with speaking like an extra from River City rather than a BBC executive at White City. “I would love to say that people in my beautiful, cosmopolitan home city speak as clear as a bell but they don’t,” she says. “The accent is incredibly difficult, it’s very exclusive and not everybody gets it.”

 “I quickly learned to speak clearly,” she says. “I am proud of where I came from and under no circumstance did I change my accent to hide that — I changed it so people in New York and New Zealand could understand me.”

The comic, who performed to sell-out crowds and rave reviews at the Edinburgh Fringe, said Glaswegians routinely face the sorts of snide comments that would be considered unacceptable if they were directed against other groups in society. She recalls how the late writer Clement Freud sneeringly demanded a translator after she appeared alongside him on Radio 4.

“When I go down to England I don’t do any gags for the first six or seven minutes. I just talk to the audience and I speak slowly and that usually helps them get attuned to it.”

He believes the Glasgow dialect is unfairly maligned. “I don’t think Glaswegian is any more difficult to understand than other regional accents, like those in Liverpool or the east end of London,” he says.

According to linguists, the genesis of the Glasgow dialect has much to do with the fact that the city has always been a cultural melting pot.

James Scobbie, professor of speech science at Edinburgh’s Queen Margaret University, said Glaswegian remains one of the UK’s most distinctive accents. “All Scottish accents are very different from others in the English-speaking world. We have an ‘r’ that is pronounced, while other accents are ‘r’-less,” he says.

The historical lack of social mobility in the city accounts for the accent’s resilience. Dr Jennifer Smith, a senior lecturer in Glasgow University’s English language department, says the city’s pockets of deprivation, which rank among the worst in Europe, have prevented the accent’s dillution.

“We know that Glasgow is statistically poorer and there are a lot of deprived areas, so within those areas there is a lot of non-mobility,” she says. “In that situation, you get dialects passed down and down through the generations.”

Smith believes greater television exposure could help Britain tune in, understand and even love Glaswegian. “The Newcastle diale
ct sounds very different from standard English, but people don’t seem to have as much of a problem as they do with the Glasgow dialect. There are quite a lot of Geordie accents in the media. The more exposure you have to different dialects, the more you pick up on them.”

But the idea of employing translators to decipher Glaswegians’ diction has angered city fathers. Alex Mosson, the former Lord Provost who worked alongside Connolly on the Clyde shipyards, says: “It’s a lot of tripe. I travelled the world as Lord Provost and nobody failed to understand me.”

Back in the Gallowgate a grandmother bristles at the suggestion that non-Glaswegians should need an interpreter. “It’s a pure brass neck, so it is,” she says. “We can un’erstaund every word o’ EastEnders and Friends nae borra at aw, but they cannae get the gist of whit we talk like. It’s oot a order.”

Read full article here: http://www.timesonline.co.uk/tol/news/uk/scotland/article6879460.ece