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Markets take hits across the board from Bank of Japan decision, while investors also focus on Fed tapering debate and slowdown in Chinese growth
Read more from Financial Times
Wednesday, July 10, 2013
Spray Rig Operator (5747) - Farm Job Search - Texas
Research Study Needs Volunteers Who Have Low Back Pain (Los Angeles)
A local clinical research study is investigating a new version of an FDA-approved pain relief medication. If you or a loved one qualifies, you may receive at no cost:
? Pain relief study drug that may result in pain control
? Study-related care and monitoring from a local back pain doctor
? Compensation up to $1,300 for your time and travel
Visit YourChronicBackPain.com at any time, or call toll-free 1-800-982-7307 anytime, 24 hours a day, seven days a week.
Posting ID: 3635404303Posted: 2013-02-22, 6:07AM PSTEdited: 2013-02-22, 6:07AM PSTemail to a friendSchäuble backs ECB policy in German court
Hearings are being closely watched as a barometer of German sentiment about eurozone crisis-fighting measures in the run-up to a September election
Read more from Financial Times
Van and Flatbed CDL Drivers Needed - OTR Routes (Los Angeles, California)
Western Express is now hiring OTR drivers to be a part of our team. Drivers with 6 months of experience are welcome to apply.
Western Express has every advantage important to you wrapped up in one place. Our growing divisions in dry van and flatbed boast some of the highest miles in the industry. Couple that with an excellent pay package, top-notch equipment including new 2011 models, and regular home time, you can on the path to sucess at Western Express.
Our service offerings include Truckload Van, Dedicated Fleet, Flatbed Transportation, Logistics and Expedited Truck/Rail. We are fully EDI capable and offer web based viewing and retrieval of invoices and proof of delivery documentation.
We Offer:
* Great Equipment
* Home time
* Miles
* Benefits
* Solos starts at some of the best pay in the industry
* Excellent benefits after only 30 days!
* 401K
Requirements:
* Class A CDL
* 22 Years Old
* 6 Months Experience
* DUI/DWI - Considered if older than 5 years
* Felony - - Considered if older than 5 years
* No more than 3 tickets in the last 3 years
* No more than 2 accidents in the last 3 years
Applications are accepted online only, please no emails. Posting ID: 3635477359
Posted: 2013-02-22, 6:48AM PSTEdited: 2013-02-22, 6:48AM PSTemail to a friendShale boom curbs OPEC’s grip as Saleri sees $120 oil cap
A Sanchez Energy drilling site in Fayette County, in the Eagle Ford Shale. (Sanchez Energy)Technological advances to harness shale resources will curb OPEC’s influence in the oil market and cap crude prices at $120 a barrel, said Nansen Saleri, former head of reservoir management at Saudi Arabian Oil Co.
The boom in North American oil output could be replicated in Russia, China and Brazil as new extraction techniques enable the development of as much as 9 trillion barrels in unconventional resources, said Saleri, who is now chief executive officer of Houston-based consultant Quantum Reservoir Impact. That’s diminishing the role played by the Organization of Petroleum Exporting Countries, currently in control of 40 percent of global oil supplies, he said.
“We’ve already entered an era that’s not OPEC-centric anymore,” Saleri said in an interview in New York on June 7. “One can anticipate now a much more stable, less volatile price environment because of the multitude of production coming on board.”
The use of techniques such as hydraulic fracturing and horizontal drilling has helped push U.S. crude output to its highest in two decades, prompting a cut in imports from some OPEC members such as Nigeria and Algeria, which offer similar types of oil. OPEC signaled growing unease with the U.S. oil boom by announcing a study into shale at its May 31 meeting in Vienna.
Russia, U.S.
Worldwide recoverable resources of tight oil in shale formations, which are tapped by hydraulic fracturing, or fracking, could be 345 billion barrels, the U.S. Energy Information Administration said in an assessment yesterday.
Russia has the biggest resources of “technically recoverable” tight oil, with 75 billion barrels, the EIA said. The U.S. is the world’s second-largest holder with 58 billion barrels, up from 32 billion two years ago, the agency said. OPEC-member Libya has the fifth-biggest resources with 26 billion barrels, the EIA said.
West Texas Intermediate futures, at about $96 a barrel today, will probably trade in a range of $80 to $120 this decade as surging output limits gains while economic progress in China and India prevents prices from collapsing, Saleri said.
Production costs of $30 to $50 a barrel for U.S. shale developers will decline within the next 10 years as extraction processes improve, he said.
“What was difficult is now becoming easy, and that’s because of the invisible hand of technology,” Saleri said. He founded Quantum Reservoir Impact, which helps oil-producers increase output rates, in 2007.
Saudi Arabia can unlock more of its “huge resources” using available technology and recover as much as 70 percent of the oil it holds underground, Saleri said. The kingdom can boost its production capacity to 15 million barrels a day, up from 12.5 million at present, he said.
Saleri, citing what he sees as an abundance of current supply, dismissed the ideas of so-called peak-oil theorists, who argue the world is running out of crude and that producers can’t pump much more from aging fields. “We are in the beginning of the journey on the unconventional side of oil,” he said.
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