What next for US crude?

first_imgThe US placed restrictions on the export of unrefined crude during the energy supply shortages of the 1970s. Pressure to lift the ban has been steadily rising as new drilling technologies unlocked the potential of shale oil formations, increasing the nation’s output to record-breaking levels but putting negative pressure on prices.Senate leaders from parties were nearing a deal on December 14, although resistance from House Democrats and some Republicans scuppered the deal.Repealing the 40-year old ban is a top priority in a USD1.15 trillion spending bill for many Republicans; the opening of new markets would aid drillers suffering from crude flooding the market, which the party claims is contributing to the sub USD40 per barrel oil price.House Democrats are open to lifting the embargo although this will surely come with strings attached, most likely in the form of subsidies to green energy developers. The White House opposes lifting the ban, however, it too wants to see Congress make investments into renewable energy. There seems to be enough political will for an accord to be struck.The US exported a record 586,000 barrels of crude a day in April, more than OPEC members Ecuador and Libya – a testament to the innovations being made in the sector. That dropped to 409,000 barrels a day in September, which forecasters attribute to falling rig counts.Currently, Federal law prohibits the export of unrefined crude, with a few exceptions including Canada.While cheap oil certainly benefits many Americans – particularly at the fuel pumps – hundreds of thousands of jobs are being lost from a once booming industry. Meanwhile US big oil players, including ExxonMobil, Chevron and ConocoPhillips have seen millions wiped from their respective stock prices. US energy companies that invested heavily when oil prices were USD100 a barrel face ominous debts – defaults are on the rise.However, a senior figure within the Organization of Petroleum Exporting Countries (OPEC) – secretary general Abdalla El-Badri – dismissed the potential impact of repealing the US oil export ban. “The net effect of export of American oil on the market is zero,” he said. “This will have no effect on the price because the US is still is an importing country.”  The US could export light oil from shale formations, while still importing heavier crude, observed El-Badri.At its latest meeting, OPEC confirmed it would refrain from cutting output and maintain its policy of defending market share. However, reports suggest the Vienna meeting was fraught with controversy and deep divides are emerging within the cartelLess-affluent OPEC members, including Algeria, Angola, Nigeria and Venezuela, are desperate to cut output in a bid to lift prices – and warned a barrel could sink to USD30 if the current strategy is maintained. The Gulf States are steadfast in the opinion that crowding out higher cost producers is the best plan of action.The January/February 2016 edition of HLPFI will include a report on the oil and gas industry, and the challenges faced by the heavy lift and project logistics providers.last_img read more

Workshop to enhance Dominica’s cyber security begins

first_img Share 43 Views   no discussions Share Sharing is caring! Sharecenter_img LocalNews Workshop to enhance Dominica’s cyber security begins by: – July 28, 2014 Tweet A three-day training workshop focusing primarily on understanding Cybercrime Forensics has begun in Dominica.The workshop, hosted by the Ministry of Information, Telecommunications and Constituency Empowerment in collaboration with the Ministry of National Security, Immigration and Labour and the Establishment, Personnel and Training Department, will run from July 28-30 at the Fort Young Hotel.It is being held as a follow up to a Cyber Needs Assessment workshop held here in April 2014 which identified gaps in Dominica’s system.“What we seek to do this morning is to move forward from that direction and establish some training session in the area of forensic,” director of Telecommunications, Bennette Thomas said at the opening ceremony of the workshop.“As you know that it is important how you collect data (computer evidence) and to ensure that we can prosecute the cyber criminals when we come across them,” Mr Thomas continued.The objectives of this workshop will primarily be focused on understanding Cybercrime Forensics, Strategy Development and the process involved in the establishment and management of a Computer Incident Response Team (CIRT).The Workshop will run on two parallel tracks: Track 1 will focus on National Cyber Security Strategy Development while Track 2 will examine Cyber Forensics and CIRT Establishment.Meanwhile, Minister for Information Technology and Constituency Empowerment, Ambrose George said “we all seem to be affected by the proliferation of the internet”. The Minister noted that cyber criminals can have our way of life come to an abrupt end or hanging off the figurative end of a cyber-cliff of economic disaster.“Having understood the potential socioeconomic disaster which such initiatives can have on small developing states like Dominica, where cyber criminals may use them as a staging ground, to not only attack the host nation, but declare war on other countries, the Government of Dominica has taken the initiative to enact cyber security legislation as a first step to combating this growing economic threat”.Mr George added that legislation is insufficient as it only forms a pillar to many sided aspects of this” emerging cancer in our cyber world”.The workshop which targets specific stakeholders to include Law Enforcement personnel from the Police, Financial Intelligence Unit, Financial Services Unit, Office of the Director of Public Prosecution, Judiciary and members of the National Cybercrime Working Group, is facilitated by Sven Kivvistik from Estonia.It will be jointly facilitated by experts from the Organization of American States (OAS) through its Cybercrime Unit, the Inter-American Committee against Terrorism (CICTE) and the Commonwealth Telecommunications Organization (CTO).– / 12Dominica Vibes Newslast_img read more

Honda is Developing a Facial Recognition Helmet

first_imgHow soon will we see this technology in the market? It serves as the security “key” to the bike’s ignition. Honda submitted the patents for a facial recognition helmet.center_img First it was the mechanical key, then electrical key, followed by keys embedded with microchips and now, a facial recognition helmet. That’s what Honda is working on for motorcycle security.It works pretty much like the current proximity key – or better known as the keyless system. The security system is available on more and more motorcycles from scooters all the way up to tourers.But that still means we need to rely on remote key fobs. Worse, thieves have the ability to scan the signal propagating from the key to the receiver on the bike. (This writer’s car was broken into that way.)The helmet has a camera embedded in the crown’s inner lining. The wearer looks into the helmet in the process of putting it on, the facial recognition camera sends a signal to a control unit in the helmet. From there, another signal goes to the motorcycle’s security control unit which unlocks the handlebar lock.It’s a novel idea but it also means that you can’t lock your helmet under your scooter’s seat. Locking it inside a top case is fine since you use a separate key.Will we see this tech soon? Who knows? Honda is pushing out new tech all the time and they make it to the market in short order from their introduction.–Ads–last_img read more

UWF Softball Clinches #25 in National Ranking and #3 Seed in GSC Championship

first_img Share April 28, 2008PENSACOLA, Fla. – With a 38-19 season record and an 18-8 Gulf South Conference record, the women of the Argonaut softball team are headed to South Haven, Mississippi for a shot at the 2008 GSC Champion title. West Florida is still currently holding the 9th spot in the NCAA South Region Rankings, and moved up this past week to take over the 25th spot in NCAA National Rankings. West Florida joins Alabama-Huntsville as the only two GSC teams nationally ranked, as Valdosta State fell from the rankings last week.As GSC Championship play begins on Friday, May 2nd, the number three seeded Argonauts are scheduled to take on Henderson State of the West Division at 2:30 PM. West Florida has faced Henderson State just once this season at the GSC Crossover tournament in April. In a 6-1 victory, the Argos and pitcher Jillian LaFrance shut down the Lady Reddies to close out the tournament. Both LaFrance and Taren Walton homered in the game, while Melissa Chastang was 3-for-4 at the plate.Coaches Tami Cyr and Cindie Corey, as well as returning players from 2007, are experiencing what seems to be déjà vu of last year’s GSC Championship. They are facing HSU in the first game of the tournament for the second year in a row. Unfortunately, the turn out of the 2007 matchup was not in the Argonauts favor, while West Florida’s streak of nine consecutive GSC Tournament first round wins came to an end in a 5-4 loss against HSU. “Despite past struggles with HSU, we played well against them this year at the Crossover and feel confident facing them in the first round of the 2008 Championship,” says Assistant Coach Cindie Corey.If UWF picks up the win in South Haven over second-seeded Henderson State, they will continue play on Friday night against the winner of the game between East Division Champion University of Alabama-Huntsville and fourth-seeded West Division team University of Arkansas-Monticello. West Florida is currently 2-2 against the nationally second-ranked UAH, and beat UAM at the GSC Crossover tournament.The GSC Championship is a double elimination tournament that continues through Sunday, May 4. All games will be broadcast through Stretch Internet and UWF Athletics, in addition to broadcasts through Penn Atlantic and the Gulf South Conference. Print Friendly Version UWF Softball Clinches #25 in National Ranking and #3 Seed in GSC Championshiplast_img read more

EPL: Chelsea, Manchester United to battle for Lewandowski

first_imgChelsea and Manchester United will battle for Robert Lewandowski’s signature this summer, if the player can persuade Bayern Munich to let him leave.Sky Sports News reports Lewandowski is keen to leave Bayern and his future could become clearer in the next fortnight.Despite being under contract until 2021, the Poland striker has hired super-agent Pini Zahavi to negotiate a deal, to release him from the Bundesliga leaders.Zahavi however faces an uphill challenge, with Bayern not short of funds and expected to resist any attempts to lure the player away.The Premier League teams are likely to face stiff competition from Real Madrid. PSG will also join the hunt if, as expected, Edinson Cavani leaves in the summer.Since arriving in July 2014, Lewandowski has scored 97 goals in 108 Bundesliga games for Bayern.last_img read more

Flags to be Lowered to Honor ’64 Quake Victims

first_imgAlaska’s 1964 Good Friday Earthquake is the second largest earthquake recorded in history and generated tsunamis which reached California and Oregon. Seward was also hit with tsunami triggered by large pieces of land sloughing into Resurrection Bay and across Alaska over 130 people died. In his inaugural address the governor shared his personal experience. Gov. Walker: “A few short years later, on a spring day in 1964, the ground trembled, opened up and nearly swallowed our town. It did swallow all of our new building materials sitting on the dock and most of our other possessions. Valdez over 30 people in the 1964 Earthquake; mostly children. Among them, my friends. I was 12 years old.” State flags will be returned to full-staff on Saturday.center_img All state flags will be lowered to half mast tomorrow to honor the lives lost that day. FacebookTwitterEmailPrintFriendly分享Governor Bill Walker has proclaimed Friday, March 27, as “1964 Alaskan Earthquake Remembrance Day”. For the governor’s full proclamation, click here.last_img read more

Trunk or Treat in Court House parking lot

first_imgThe first Trunk or Treat at the Campbell County Court House parking lot is Saturday from 5 pm to 8 pm.   Many groups are coming together for a big Trunk or Treat this weekend.  The Campbell County Sheriff’s Department, Campbell County Mayor’s Office, Campbell County Officials, the Town of Jacksboro and local churches join together to make the fun event possible.Youngsters are encouraged to dress up in their Halloween costumes and join-in for free candy.  (WLAF NEWS PUBLISHED – 10/22/2018-6AM)Share this:FacebookTwitterlast_img read more

Eagles left reeling by opening-day defeat

first_imgFollow West London Sport on TwitterFind us on Facebook 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 Ruislip Eagles’ Michael Vitello has admitted that his team have been given a wake-up call after making a terrible start to their Super8 season.Last term’s cup finalists, who will be playing in Europe this year and are among the favourites for the domestic title, suffered a shock 12-11 home defeat against Leeds Hornets.With Hannes Mazur, Jozsef Csontos and the newly promoted Gil Lewis making their league debuts for the Eagles, they struggled to convert their chances and had keeper Stefan Bauer to thank for some fine saves at the other end.AdChoices广告With the score at 11-11 – unusually low for a handball match – the visitors scored with only 20 seconds left, giving them their first victory in London.Vitello said: “I have never seen, let alone played, a game like this.“Everything that could go wrong did go wrong and we were lacking the sharpies and the edge we needed to get ourselves out of this mess.“It is early in the season and I guess we needed the wake-up call, but it is hugely disappointing to not secure the points on home turf in the first game of the season.”Team-mate Tibor Szerencse added: “This is not the start to the season we wanted.“We will have to carefully analyse what happened here today in order to make sure it will not happen again.”For their next fixture, the Eagles travel to Chester to face Deva HC. Team v Leeds: Tibor Szerencze, Stefan Bauer (goalkeepers) – Jozsef Csontos (4 goals), Denis Werner (3), Michael Vitello (2), Hannes Mazur (1), Marc Fayemi (1), Fabien Colette, Lucas Carstens, Gil LewisTeam Coach: Marc FayemiTeam Official: Chris Powell  last_img read more