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The American Petroleum Institute has announced that crude oil stocks rose to 1.5 million barrels, well above forecast of only 900,000 barrels. This hasn’t affected oil prices as OPEC is cutting output.
In fact, currently traders in China and Europe are sending a record 22 millions barrels from Azerbaijan and the North Sea to meet the expectations of a supply gap resulting from cuts in production, according to Investing.com report. Traders bet that Asia needs oil and Europe has it. At present, there’s a contango in the futures market. This means that later months are priced higher, so traders can lock profits and ship oil long distance.
In December, OPEC nations decided to cut output by 1.2 million barrels per day (bpd) in the first half of this year. Presently, ships carrying oil to Asia are loaded with 11 million barrels of crude, higher than a record last December when 10 million barrels were shipped.
Rising oil prices are bound to benefit the U.S. shale oil drillers. The United States Energy Information Administration expects that crude production in America will rise by 300,000 bpd in 2018 in comparison to this year. It expects the production to be 9.3 million bpd then, which at the same same may keep oil from rising further. Unless OPEC acts.
Iran is also pumping up its oil production after decades of embargoes, and that will add to the supply. What’s more, some OPEC nations are experiencing financial woes, which may lead to cheating.
It is also expected that oil demand in the United States will increase to 20.22 million bpd, a 370,000 bpd increase. SO far the signals are bit confusing and point to a possibility of oil going in either direction. At this point, oil prices have stabilized.
Eric Pulier is an entrepreneur, philanthropist, and founder of multiple companies. Some of the successful ventures Pulier has founded include Digital Evolution, Media Platform, and The Enterprise Cloud Leadership Council. Eric Pulier has invested in venture capital funds and charitable organizations, and is also an investor in a number of different startups in media and technology.
Pulier received his BA from Harvard University while graduating Magna Cum Laude. During his time at Harvard, Pulier wrote a column for the Harvard Crimson Weekly, where he also served as an editor.
Pulier has an active presence in the philanthropic community. Pulier has taken a special interest in causes that involve technology being used to solve problems in disadvantaged communities, or helping physically impaired children throughout the World. Pulier helped create one of the first multimedia educational programs designed to educate people about Multiple Sclerosis. Pulier helped design a beam that people without motor control for keyboard usage could use to help them answer questions on quizzes.
Pulier has served as a member of the Clinton Global Initiative. Pulier is the founding donor of the ACE Foundation. The ACE Foundation is dedicated to reshaping how software is built to handle the World’s challenges. Pulier is also a donor in the organization “Campaign for Free College Tuition.” This organization seeks to provide free college tuition for students. Pulier contributes as a donor to the XPRIZE Foundation. XPRIZE is a non-profit organization that oversees competitions that could lead to technological advancements that can help the World.
Pulier has donated to the Starlight Foundation. Pulier helped develop Starbright World, which is linked to over 50 different hospitals, with a video conferencing network. Pulier has also helped work on making computer learning modules for kids with diabetes. The game is signnificant for being one of the first games ever that focused on helping children learn about their illness and how to live healthy lives.
Pulier was also chosen to build the “Bridge to the 21th Century” in Washington DC. Pulier set up many different exhibits on topics such as education, health care, family, and government.
Reputation is critical. Most of us are ignorant of what reputation we have on the internet. We are supposed to figure out how to maintain a good reputation for when we change jobs, undertake a new venture and so on. How is the average person or a small business to cope with these issues. Status Labs has ideas and techniques to manage one’s reputation on the vast web of networks.
That said, in today’s world, the biggest mistake you can make is not protect your privacy or invest the business for the long haul. Take for example, the Ashley Madison hacking incident – the penalty for participating in a website that is known for poor reputation and management. The price you pay is that you are placing your entire image at stake. The good news is that a commonsense framework for managing reputation has emerged over the past decade. The techniques are tailored for people who want to improve their image and don’t think reading negative reviews about themselves or their business is enjoyable. The ideas were developed by Status Labs and many similar companies on the internet.
Online reputation management has a single goal – showcase positive aspect of you. There are all kinds of services and many of them have different features, price and results. The key aspects of these techniques are protecting your privacy, improving your reputation and preventing malware and hackers from invading your website. The practical implications are affordability, quality of service, reliability and positive results. With this approach, there is no need to watch your status every day. There is no need to waste time trolling the internet for marketing ideas. Your customers will have absolutely nothing of interest to say that is depressing. You get to save money and free up time to do other things that are more interesting, such as taking risks with your career, spending time with family and learning new things.
Investing in this service is investing for the future. Individuals and businesses have plunged into online at various times. Yet a brief look at the internet shows how important is the embrace of reputation by them. Internet captures all kinds of happening – good or bad – on a daily basis. It is the era of wall street insider traders, infamous celebrities, ruthless politicians and smuggling barons. The risk is that good name and quality service get lost in this parade. What you need is a reputation management service so your name shines bright and high. Employers respond to this reputation, to factors and qualities pertaining to a business or a person respectively; people respond to good products and services; they respond to new technology and trends in fashion. Considering all these, it pays to hire a professional reputation manager. The pros are backed by army of computer programmers comfortable with codes. They tap into search engine results with powerful algorithms to uncover the mystery of optimization. You are in good hands with Status labs and that’s the promise.