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Showing content with the highest reputation since 12/01/2019 in Blog Entries

  1. 5 points
    I have been a trader since 1980. I started trading options in late 1983. I lost every penny of a $1.6 million portfolio in the crash of October 1987. What doesn't kill you makes you stronger. I have a undergraduate degree in Finance. I have a Masters degree in Economics. I have completed about half the requirements of a PhD in Financial Economics. I don't advise pursuing a PhD unless you want to be a teacher. It will not make you a better investor/trader. I developed a trading strategy involving shorting calls against GUSH in 2015 that I managed for a trucking firm to alleviate the strains of high fuel prices. Early in 2019 the owner of the trucking company sold the company and devoted his time to managing just the strategy itself. He said that he expects to make more profit in 2020 from writing calls against GUSH and writing puts and calls against his WTI contracts than his 32-truck transportation company ever did...all from his home...in his pajamas.
  2. 2 points
    So here's where it started through OP and Douglas Buckland, we spoke for a great deal of time March 2019, the car was bought as is seen and was transported to Juniors shop as you can see its very old school and mainly a bike shop, in reality we were storing it there. Never would we have stopped the two wheeled marvels to go to four, but now, its on. The photos are to give you a general idea of what I and now Doug and Dan and my Mechanic are up against. I have also thrown in a photo of and HRD Vincent a 1950s Rapide going through mechanical until we would then take the bike up the posh shop for dismantling, paint, chrome and finishing for client (photos I will post later)
  3. 1 point
    These interactive presentations contain the latest oil & gas production data from 138,315 horizontal wells in 13 US states, through July. Cumulative oil and gas production from these wells reached 15.4 billion bbl and 174 Tcf of natural gas. Ohio and West Virginia are excluded from most overviews, as they have not yet reported July production data. Visit ShaleProfile blog to explore the full interactive dashboard Total production US tight oil production regained again some lost ground in July, increasing by about 0.4 million to 6.8 million bo/d (after upcoming revisions). Tight gas output also climbed, but with a relatively smaller amount (switch product to gas). It of course also fell less steep earlier this year. Supply Projection dashboard We expect to see another increase in August, but further gains are unlikely after that. Although the 242 rigs drilling horizontal wells as of last week (according to the Baker Hughes rig count) is 9% higher than a month ago, it is not yet sufficient to keep production from falling by itself: Tight oil outlook at current drilling activity and well/rig productivity The screenshot above was taken from our Supply Projection dashboard; assuming no further changes in rig count and productivity, we project that tight oil supply would fall to below 4 million bo/d by the end of the decade. In a scenario where the rig count would keep increasing by 5% each month until the end of next year (reaching 505) and stay there, the outlook would be rather different, but still not reaching the former peak: Scenario with 5% m-o-m increase in rig count until end of next year. This is of course simply a hypothetical case. In our ShaleProfile Analytics service (Ultimate), you can easily run your own scenarios and save them. Top operators The 15 largest operators are listed in the last overview (“Top operators”). Selecting an operator in the legend will highlight its production curve and well locations. There is a lot of consolidation happening in the industry and almost half of these companies are in M&A situations (Pioneer, Concho, Devon, ConocoPhillips, WPX, Chevron and Noble Energy). Who else will follow? Advanced Insights This “Ultimate recovery” overview shows the relationship between production rates and cumulative production over time. The oil basins are preselected and the wells are grouped by the year in which production started. You will see more recent data (and some steep declines at the tails) if you group these wells by quarter of first production instead. Finally We have started to expand outside US Shale. Professional & Ultimate subscribers are now able to see offshore oil & gas production data in the US Gulf of Mexico and in Brazil. These two areas are good for almost 5 million barrels of oil per day. Other areas will be included in the coming weeks/months. In two weeks we will be back with a new post on North Dakota, which will release September production data in the coming days. Production data is subject to revisions. Sources For these presentations, we used data gathered from the sources listed below. FracFocus.org Arkansas Oil & Gas Commission Colorado Oil & Gas Conservation Commission Louisiana Department of Natural Resources. Similar to Texas, lease/unit production is allocated over wells in order to estimate their individual production histories. Montana Board of Oil and Gas New Mexico Oil Conservation Commission North Dakota Department of Natural Resources Ohio Department of Natural Resources Oklahoma Corporation Commission – Oil & Gas Division Oklahoma Tax Commission Pennsylvania Department of Environmental Protection Texas Railroad Commission. Individual well production is estimated through the allocation of lease production data over the wells in a lease, and from pending lease production data. Utah Division of Oil, Gas, and Mining Automated Geographic Reference Center of Utah. West Virginia Department of Environmental Protection West Virginia Geological & Economic Survey Wyoming Oil & Gas Conservation Commission Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/34wTOIt Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  4. 1 point
    My Topic on China https://docs.google.com/document/d/1Wb2YoQGpSWTz32ljsiA_ey6FLVqc2Dpe7Fnpiqn9lBs/edit# Recent Stories https://www.theepochtimes.com/sen-ted-cruz-on-the-strategy-to-defeat-chinas-communist-party_3506709.html Sen. Ted Cruz on the Strategy to ‘Defeat’ China’s Communist Party BY JAN JEKIELEK September 19, 2020 Updated: September 21, 2020
  5. 1 point
    St. Petersburg State University professor Alexey Kavokin has received the international Quantum Devices Award in recognition of his breakthrough research in the development of quantum computers. Professor Kavokin is the first Russian scientist to be awarded this honorary distinction. Aleksey Kavokin’s scientific effort has contributed to the creation of polariton lasers that consume several times less energy compared to the conventional semiconductor lasers. And most importantly, polariton lasers can eventually set the stage for the development of qubits, basic elements of quantum computers of the future. These technologies contribute significantly to the development of quantum computing systems. The Russian scientist’s success stems from the fact that the Russian Federation is presently a world leader in polaritonics, a field of science that deals with light-material quasiparticles, or liquid light. “Polaritonics is the electronics of the future,” Alexey Kavokin says. “Developed on the basis of liquid light, polariton lasers can put our country ahead of the whole world in the quantum technologies race. Replacing the electric current with light in computer processors alone can save billions of dollars by reducing heat loss during information transfer.” This talented physicist believes that the US giants, such as Google and IBM are investing heavily in quantum technologies based on superconductors, Russian scientists are pursuing a much cheaper and potentially more promising path to developing a polariton platform for quantum computing. Alexey Kavokin heads the Igor Uraltsev Spin Optics Laboratory at St. Petersburg State University, funded by a mega-grant provided by the Russian government. He is also head of the Quantum Polaritonics group at the Russian Quantum Center. Alexey Kavokin is Professor at the University of Southampton (England), where he heads the Department of Nanophysics and Photonics. He is Scientific Director of the Mediterranean Institute of Fundamental Physics (Italy). In 2018, he headed the International Center for Polaritonics at Westlake University in Hangzhou, China. The Quantum Devices Award was founded in 2000 for innovative contribution to the field of complex semiconductor devices and devices with quantum nanostructures. It is funded by the Japanese section of the steering committee of the International Symposium on Compound Semiconductors (ISCS). The Quantum Devices Award was previously conferred on scientists from Japan, Switzerland, Germany, and other countries, but it is the first time that the award has been received by a scientist from Russia. Due to the coronavirus pandemic, it was decided that the award presentation will be held next year in Sweden.
  6. 1 point
    This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas production data from all 26,331 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through January. Total production January oil production came in at about 4 million bo/d (after upcoming revisions). I expect to see a small increase from the December level when all data is in. In the last few weeks we have again improved our handling of the data in Texas and it is now more up-to-date and complete. Already close to 90% of February production data in the state of Texas is available in our subscription services. Supply Projection dashboard Although the rig count has also dropped significantly in the Permian in recent weeks, the relative decline has been less than other basins. The following image, taken from our publicly available Supply projection dashboard, shows that the horizontal rig count is down to 274 as of last week. However, the bottom chart reveals that even this level of drilling activity would not make a serious dent in the long-term production capacity of the basin: Projected rig count and oil output in the Permian Basin – assuming no changes. This does assume that the rig count drops no further and that no production is shut-in temporarily due to the extraordinary low prices (as well as no changes in productivity). Although these assumptions are surely highly flawed, this overview does make clear that a further reduction in drilling is needed before the Permian would turn to an overall decline to help balance the markets. Today we will have a webinar on this dashboard, at 9 am (CT). Although the maximum number of registrants has already been reached (100), we will still try to increase this number. Therefore, don’t hesitate to sign up: Register for the Supply Projection webinar Well productivity In the “well quality tab” the production profiles for all the wells in the Permian are available. The bottom chart allows you to see that well productivity has increased each year in the last decade. However, after normalizing for lateral length (possible in our advanced analytics service), we find that recent results are slightly down since 2016. Advanced Insights The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview displays the average production rate for these wells, plotted against their cumulative recovery. Wells are grouped by the year in which production started. Finally As mentioned, tomorrow we will host a webinar on our Supply projection dashboard and how you can use it for your own projections. We will have a new post on the Eagle Ford on Tuesday. Production and completion data are subject to revisions. Note that a significant portion of production in the Permian comes from vertical wells and/or wells that started production before 2008, which are excluded from these presentations. Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/2KulL8K Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  7. 1 point
    Know your customer (KYC) and anti money laundering (AML) solutions are vital for financial institutes specially for banks as per regulatory authorities. When anyone comes to open his account in a bank, identity verification of that individual is a must to fulfil KYC requirements. To get KYC done all the required information is taken by the bank representative including source of income, document verification and biometric authentication of the individual. Like every other thing happening online. Online banking has also taken a lot of limelight. It gets a bit tricky to verify someone when he is not even sitting in front of you. So digital identity verification solutions play a crucial role here. Digital KYC for banks with document verification solutions is required to verify that the provided documents as well as the person are the real deal. Advanced AI-powered KYC solutions that carry out all the verifications and scanning tasks. At times HI (Human Intelligence) is also clubbed with AI to authenticate the individual fully. Installing such KYC and AML solutions prevent banks from falling in the pit of many financial frauds such as stolen identity and credit card frauds. Such solutions verify the person as well as check the documents for tampering and forgery. Digital KYC solutions have been quite useful for banks while operating online. How KYC solutions for Banks Work? Banks need to verify individuals for many reasons. For instance when a person wants to open a bank account online, he fills out all the requirements and can easily submit his documents by taking their picture or showing them on a webcam. Such solutions are intelligent enough to check if the document uploaded is real and authentic. By using hologram checking technology the tampered and forged documents are detected. Moreover, using OCR technology the information from the given documents is extracted and checked against many section lists and PEP lists to know the person was ever involved in any kind of criminal activity. Moreover by using facial recognition technology the system can tell if the real person was present in front of the camera. 3D liveness detection feature of facial recognition technology helps to fight back any spoofing attacks like 3D mask or video streaming instead of the real person. The face on the document picture is matched with the real face to authenticate fully. Such KYC and AML solutions do a background check of the person against global watchlists regarding terrorist organisations and money laundering. The system lets the customer proceed only if everything is crystal clear otherwise the process is halted and request is denied. KYC and AML Verification for Banks: KYC solutions are vital for banks to make sure that they are not letting fraudsters into their system. Identity verification plays an important role in catching up the criminals, Banks failing to do so will be charged hefty amounts of fines to provide a platform to such fraudsters for taking up their scams like money laundering and terrorist financing. Integrating such channels into the system of banks is totally hassle-free. Such solutions provide a win-win solution to both banks and customers in a way that it saves a lot of time and effort of businesses which is required to perform KYC and on other hand it streamlines the verification process for clients who get frustrated at times by long and complicated procedures. Banks looking for a KYC service provider can take help from online identity verification service providers verify the identity of an incoming user with the help of deploying different AI based technologies such as biometric technology, address verification, digital document verification, 2FA, handwritten notes etc.
  8. 1 point
    >>The falling of the Persian Gulf oil empires is near << Oil is a blessing for the Gulf states . Oil exploration in the middle of the 20th century has made this poor and impoverished region one of the richest regions in the world. Iran , Qatar, Kuwait and the United Arab Emirates are also richer than Switzerland. Even Saudi Arabia, Bahrain, and Oman are equal with Japane and British. The period when the Gulf states and their wealth funds were money-making machines that could pay for any cost of plan(s) on any continent , is coming to an end and their national wealth reserves are running out at this low oil price. Even in the worst-case scenario, when oil prices reach $ 10 a barrel and the entire world oil industry will faced to damaged, Gulf producers will continue to save of the owns profit. But, the problem is their economy. They need higher oil prices to balance their budgets and support dollar-related currencies.Their central banks and sovereign wealth funds of those countries , have high reserves to over of such a crisis and can even withstand the long-term risk of falling demand, but their reserves will be empty of oil at such a low price. The IMF's report shows that in these four years, the net financial assets of the Gulf kingdoms have fallen by about half a trillion dollars from two trillion dollars. So , Oil by $ 20 a barrel will accelerate the depletion of these reserves and bringing it to zero. This means planning and destroying the Middle East and the Persian Gulf. as if , the Middle East must always be involved in war, poverty and suffocation to increase the assets for great world powers . Citation to link: ww.bloomberg.com/opinion/articles/2020-03-22/saudi-russia-oil-price-war-heralds-end-to-gulf-luxury-lifestyle
  9. 1 point
    These interactive presentations contain the latest oil & gas production data from all 24,208 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through November 2019. Visit ShaleProfile blog to explore the full interactive dashboard Oil production came in again at just over 1.3 million bo/d (after upcoming revisions), as it has since the start of 2019. Well results have not improved since 2017, as is clearly visible in the bottom chart of the “Well quality” tab. In the core of the oil window, in Karnes and DeWitt, well productivity has slightly declined (select these counties using the “County” filter). This is without taking into account the fact that laterals have gotten longer and proppant intensity has gone up. In the “Well status” tab the status of all these wells can be found. The bottom chart shows the % of wells by production rate. In November, about 60% of the wells in this basin produced below 25 bo/d. After removing the gas wells (a subscription only feature), this percentage drops to 55%. EOG’s production fell below the 250 thousand bo/d, a level it first reached 5 years earlier (“Top operators”). Its December production (available in our subscription services) increased again. Meanwhile, Chesapeake set a new production record in November. The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview reveals the relationship between production rates and cumulative production. Wells are grouped and averaged by the year in which production started. In this screenshot, taken from ShaleProfile Analytics, you can see all the horizontal wells in Karnes and DeWitt County, colored by the Gas/Oil ratio in the most recent month. The charts on the right show the production rate and gas/oil ratio versus cumulative oil production, by vintage: Gas/oil ratios in Karnes and DeWitt. Hz wells since 2012 only. These charts reveal that the wells that came online in 2018 became gassier faster than the wells from the year before (bottom chart), while the decline rate has increased (top chart). Early next week, we will have a new post on all covered states in the US. Production and completion data is subject to revisions, especially for the last few months. For this presentation, I used data gathered from the following sources: Texas RRC. Production data is provided on lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports. FracFocus.org Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/2T9n693 Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  10. 1 point
    The effort by the United States to use sanctions to shut down the Nord Stream 2 pipeline between Russia and Germany by imposing sanctions on the entities involved in it is, in my opinion, is beyond outrageous. However, nobody seems to be surprised because it is part of a pattern. This is merely the most recent demonstration of the increasingly egregious violations of the laws, customs, traditions and mores that govern the behavior of civilized nations that we now expect from the United States of America. Oddly, in this case, it may be both the problem and the solution. There are reports that suggest that Russia believes it can complete the pipeline itself and bring the project to a conclusion perhaps just a few months behind schedule. The Russian business newspaper Kommersant reported that Russian President Vladimir Putin told a group of Russian businessmen that a Russian ship, the Akademik Cherskly (Academic Cherskly) can lay pipe for the Nord Stream 2 pipeline, although not as quickly as the Dutch-Swiss company’s vessel that was taken out of service due to the sanctions threatened by the United States. If Putin is being honest about this, it could be a good thing for the world and especially the European Union. The EU needs the appearance of a victory on this one. This pipeline is, in fact, essential to the long-term energy security of the European Union. The allies, possibly former allies, of the United States need to make it clear that the U.S. is not free to endanger the security of nations that are trying to be its friend. The administration of Donald Trump is behaving ridiculously with some of its sanctions. You may recall that the United States imposed sanctions personally on Iranian Foreign Minister Mohammad Javad Zarif. The explanation was that the foreign minister “is a key enabler of Ayatollah Khamenei’s policies.” Criticizing a foreign minister for being an advocate for the policies of his government is about a ridiculous as one can get. So, there needs to be some push-back against the Trump administration’s foolish and irresponsible efforts to use sanctions to force Europe to buy LNG from the U.S. and turn away the natural gas Russia wants to sell. Having said all that, if the U.S. wishes to offer Europe LNG that is less expensive than the price Russia is offering for its gas, I think that would be just fine. Some serious price competition between two of the world’s major gas producers would be a good thing for Europe.