By BFP Staff Saturday, July 4, 2015
By: Daniel Otero
Nanjing, Jiangsu Province – As a New Yorker, I’m proud to say, my city is one of the most arrogant and rudest in the world. We think we are the center of the world and yes, we are!
Thinking also about Paris, people might think we are the worse. And perhaps we behave in this fashion according to what our beautiful cities stand for: greatness, tourist traps and quality of life. The problems of these two great cities can be reduced to indifference or even verbal abuse; and these are the worse that might happen to a person. But in these cities things are changing for the better and like Hong Kong in the 1980s, little by little rudeness is becoming a thing of the past. The worse you can get from these places is a ‘tongue lashing’!
By BFP Staff Monday, June 29, 2015
By Leonard Brecken for Oilprice.com
In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48. Production from Alaska fell by 61,000 barrels per day, putting overall U.S. output 15,000 barrels per day higher for the week ending June 12 compared to the previous week.
This comes at a time when multimillion barrel draws have become the norm. It is important to note that lower 48 production is estimated based on an EIA black box model, while Alaska is virtually real time data. That suggests that the weekly supply estimates are hugely overestimated.
By BFP Staff Friday, June 26, 2015
By Henry Hewitt for Oilprice.com
During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. In China alone, 500 million new vehicles can be expected to jam the roads between now and 2030.
That may sound far-fetched but considering annual sales have already made it to 25 million units per year (vs. around 17 million in the U.S. – China became the top market in 2009), it only requires a 4 percent growth rate to reach that target in fifteen years.
By BFP Staff Thursday, June 25, 2015
By Dr. Alon Ben-Meir
Turkish President Erdogan’s May 2013 plan to raze Gezi Park in Central Istanbul and replace it with a replica 19th century Ottoman barrack prompted anti-government protests in Istanbul and other cities across Turkey, which led to violent confrontations where the police used disproportionate force. Thousands of demonstrators were injured, and thousands more faced legal proceedings and lost their jobs. Some defendants were charged with terrorism offenses (many are still on trial) and many others spent up to 10 months in detention before being bailed out. I believe that the Gezi Park incident was a historic turning point marking the beginning of the end for Erdogan’s political fortunes.
By BFP Staff Wednesday, June 24, 2015
By Leonard Brecken of Oilprice.com
As stated previously, asset monetization by small E&P operators will start in earnest in the second half of this year out of cash flow necessity. Most, if not all, smaller market capitalization companies, public or private, are still free cash flow negative (operating cash flow less capital expenditure) and only a few of the larger ones are now, or will be, based on guidance. The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.
By BFP Staff Saturday, June 20, 2015
By Michael McDonald of Oilprice.com
In the pantheon of American culture, no event is more iconic and distinctly American than the Super Bowl. Like all things American, the Super Bowl is huge, expensive, and a source of incredible passion for fans. Just running a 30-second commercial to the more than 100 million people that watch the game costs nearly $5 million.
So how much electricity and energy go into putting on the Super Bowl?
There are lots of components here, but the biggest indisputable three are TVs used to watch the game, lighting and possibly climate control in a stadium, and fuel used in traveling to the game (by car or plane).
By Jeffrey Haire Friday, June 19, 2015
Mexico’s fate in the war against the cartels will likely be the same as Colombia’s———a mixed outcome with the omnipresent global demand for drugs keeping neo-syndicates in operation.
On Sunday, May 8th, tens of thousands of Mexicans marched to the capital to demonstrate for peace and a change in tactics in the four-1/2 year war launched by Mexican President Felipe Calderon against the cartels controlling the profitable drug trade routes north to the U.S. border. Like Colombia’s Alvaro Uribe, Calderon has wielded the mano duro as President, in response to the narco-violence and corruption that have left nearly 35,000 people dead in Mexico since 2006.
By BFP Staff Thursday, June 18, 2015
No one can deny the close, abiding, and unparalleled friendship between the United States and Israel. This tight bond has served both countries well, especially Israel, which has benefitted politically, economically, and militarily from the US’s unwavering support, helping Israel to become a powerhouse second to none in the Middle East. It appears, though, that this unequivocal American support and friendship enabled Israel to become more entrenched in the West Bank by building and expanding the settlements and expropriating Palestinian land, thereby making the prospect of achieving peace ever more remote.“Policing and the pursuit of happiness in Colombia”
By Jeffrey Haire Thursday, June 18, 2015
I was in downtown Bogota in the week leading up to the provincial and local elections and had the opportunity to tour the Colombian National Police Museum.
Painted over the doorways and along the walls of the interior of the three-story building are dozens of slogans promoting the benefits and bravery of the Colombian Police mission.
My favorite reads “If you want to be happy for a day, get drunk. If you want to be happy for a year, get married. If you want to be happy for your life, be a policeman.”
It is a simple and wishful expression of pride in a complex profession in a complex society.
The International Floralies of Martinique, «Caribbean Bouquet »
By BFP Staff Tuesday, June 16, 2015
PRESS RELEASE – CARIBBEAN BOUQUET
From June 17th to 21st 2015, Martinique will host the fourth edition of the International Floralies in Trois-Ilets, as part of an innovative concept called «Caribbean Bouquet».
Twenty (20) Caribbean countries including Barbados, Dominica, Guadeloupe, Martinique, Puerto Rico, St. Lucia, St. Vincent, Trinidad & Tobago, French Guiana, Suriname, Brazil, St. Martin, St. Vincent,
Guyana, St. Kitts, Grenada, Montserrat and Haiti, will take part in the «grand eco-cultural flourishing garden» to be presented to the Martinican public at the site of the historical La Pagerie Floral Park.
The Floralies Park of Trois-Ilets, dedicated to this vocation since 1979, is spread over three hectares and is located on a portion of the former «Domaine de la Pagerie», property of the family of Empress
Joséphine. It houses around a hundred identified plant species, aviaries, picnic areas, shelters and a theater of greenery.