Why Oilcareers are In Demand
If you’ve watched the news in recent months, you’ve probably heard that oil rig jobs are in demand and are getting extremely sought after. Lots of folks who wouldn’t have tried working on an oil rig before are now jumping at the opportunity to land one of these exciting positions. Why is this?
Probably the best reason is because these jobs make so much money! There are barely any gigs that make as much on an hourly basis unless you’re talking about high-level financial jobs. There’s no doubt that oil rig jobs are tough work and often have long stretches in tough environments, but they definitely pay back laborers with a bunch of earnings.
For a person who is trying to find a job in this poor job market, or who doesn’t have the advanced degree or skills needed to get one of the elite-level jobs I talked about previously, landing a job on the rigs can be the best way to bring in lots of cash and have a secure career.
Another reason that these jobs are in demand is that oil businesses are making enormous profits despite the weak economy, so they are still adding jobs rapidly. It’s almost impossible to find an industry right now that isn’t suffering from the bad economy, but oil companies have largely avoided this so they can continue hiring many new employees. This means that there are plenty of opportunities available with these companies, for all kinds of different skill sets. These jobs can be anything from manual labor to supervisors to electricians, so there’s opportunity for pretty much anyone.
The last reason that oilcareers are so popular is that most of them provide lots of time off relative to gigs in other businesses. It’s normal for offshore workers to work for 2 weeks or a few weeks consecutively and then have vacation for 2 or more weeks. The great thing is that even though oil rig laborers may be out in the field for long periods, they also get lots of great time on vacation too. When you combine this with the fantastic pay, this means that most oil workers can take home in six months what the average person makes in a whole year!
Sam McKenzie writes about jobs and the labor market for a variety of Internet news sites. He has studied oilcareers for many years.
Is the oil running out?
When statistics are presented in certain specific ways, by organisations who wish to portray a certain result, they can be misleading. Many people fear that soon the oil, on which we rely, will run out; but the companies that provide us with that oil, and other organisations, have been reassuring everyone that that day is a long way off still. In a recent report, BP have said that there is still 42 years of oil consumption left, which is supposed to ease fears based on the idea that we will have technologies less dependent on oil by then. But it is obviously in BP’s etc. best interests to reassure everyone like this, and many people claim the data is misrepresented.
One example of evidence to the contrary is the fact that the amount of crude oil left to be exploited fell last year, for the first time in ten years. It was taken to be 1.248trn barrels, which is around 3bn less than the year before. However, it is thought that this might just be a result of a slump in drilling activity due to the fact that oil fell in price last year, falling from $150 a barrel to just $30.
Regardless of this neat explanation, however, people claim that the optimistic position overlooks an important piece of evidence. Claiming that there are 42 years of continuous consumption left assumes that demand will rise uniformly, or not at all. However, many think that economic growth, along with rising populations, mean that demand for oil is likely to rise drastically in the short term.
Factoring this consideration in leads to a much less optimistic prediction, and suggests that we may face widespread shortage of oil much sooner. A whistleblower at the International Energy Agency has recently revealed that they have been deliberately playing down the seriousness of the situation so as not to encourage panic buying. Obviously panic buying lots of oil will make the problem far worse.
Regardless of when it is going to happen, the fact is that oil will run out, and from this truism the path ahead looks clear. Clearly we should try to switch to renewable resources as quickly as possible. There have been leaps and bounds in solar technology, wind energy, and other renewable, and these should be invested in as much as possible in the coming years.
Find out more about oil eating bacteria and other BiSN oil technologies.
Car Tips To Help You Save Gas And Help Reduce Pollution
We’re polluting our planet on a every day basis, and the amount of pollution is constantly growing, as Van Renting NY Group discovered. We have already caused damage to our ozone layer and steps need to be taken to help ensure that that our planet will be able to pull through. This is the key reason why I have decided to share some simple tips about your car that can help to cut down the amount of pollution being created every day.
One of the initial things you can do is to make sure your tires are properly inflated. I’ll attempt to clarify this unconventional concept. You do not receive optimum fuel usage when your auto tires are low on air. It boils down to friction, the less air your tires have got, the more of the tire is making contact with the terrain causing you to have to provide the car more gas to maintain your velocity. And by using more gas, you are producing more smog. Just by properly inflating your tires you are able to reduce the amount of pollution you develop as you use less gasoline.
Don’t forget to give your vehicle a tune up each year. This is something that many individuals don’t think about. By switching your spark plugs and cables every year you help keep your car working properly. Your car will create more pollution if your spark plugs are old and used. This also causes your car to end up with poor gas mileage. It is possible to keep your car in far better running order and also create lower volumes of pollution by changing your spark plugs at the very least once per year.
Yet another thing people fail to really take into consideration is changing their engine oil. Van Rental Coupons discovered that this is a simplistic suggestion, however numerous persons are likely to miss it. You can find people who change their oil after every 3000 miles and there are people who may just change it once a year. You can expect to receive better gasoline consumption and create smaller amounts of pollution when you always keep your car’s oil as clean as possible. If you change your own oil make sure to properly recycle the old oil. Every garage and automotive store that sells oil has to take your old oil for recycling. And they are certainly not allowed to charge you a price for this, so because it’s free of charge please recycle your used oil.
There are other little things you can accomplish to also help reduce your pollution and save gasoline. One thing is to be sure you have a clean air filter in your car and Auto Hire Office signed many articles concerning the problem. Your gas mileage can certainly increase whenever you employ a clean air filter. It’s a good idea to clean your car on a frequent basis. A filthy car creates greater wind resistance when you’re driving. Together with improving your gas mileage, maintaining your car regularly will extend its life. And when your car lasts longer, less cars are being made and less pollution is being created from the production of new cars.
What To Look For In Marine Jobs
Marine jobs are plentiful and include a very large spectrum of possibilities. One area of focus deals with offshore oil and gas and the process in which it is completed. Within this field there are five specific areas of focus that require a skilled person to accomplish the job. The five areas of focus are drilling operations; operating systems; major contracting; floating production, storage and offloading or FPSO; and the service field. To be successful in this field it is important to get the best training possible.
The process that is used to reach the natural resource is drilling. The drilling companies are the ones that deal with this process. These companies are eager for work and will travel anyway on the globe to get the job. If you are working for one of the companies you will have the opportunity to see the world, but must be ready to leave at a moments notice.
The most well known to the American public are the operating companies. These businesses are the ones responsible for obtaining the licenses for producing and exploring the ocean. Not only do most of these companies explore, many of them are in charge of the operation of the rig.
The major contracting companies are the ones that are called when there is a possible problem. These companies deal with the maintenance and repair of the equipment to keep production flowing.
The FPSO field takes action when it is time to store and offload the natural resources. These companies are responsible for the floating storage barges and getting the resources safely to their destination. These barges are made to idle in one spot near the rig for long periods of time. Not only can they hold the oil, but they also store equipment.
The last area of focus for this type of work are the service companies. These are the workers that are hired to assist with some other part in the system. These companies find themselves dealing with drilling and operations in the industry.
If you are interested in Marine Jobs then send your CV to En-Spiral who specialise in the power generation sector.
SPX’s Running Correction, Gold’s Setup, Oil Explodes!
The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered.
Quantitative easing was enough to turn gold back up and gave oil just enough of a nudge to breakout of its cup and handle pattern explained later.
The past few weeks the number of emails I receive on a daily basis about what individuals should do about short positions they took on their own has growing quickly. Usually when my inbox starts to fill up with traders holding heavy losses trying to pick a top I know something big is about to happen and its not going to be in the favor of the herd (everyone shorting). In the past couple week there have been some great entry points for the broad market whether its to buy the SP500, Dow, NASDAQ or Russell 2K. I focus on trading with the trend and entering on extreme sentiment readings as shown in the chart below.
Extreme Trend Trading Analysis
Below are my main market sentiment indicators for helping to time short term tops and bottoms. That being said I don’t pick short term tops in hopes to profit on the down side. Rather I wait for a extreme sentiment bottom to be put in place, then enter long with the up trend (Buy Low).
Once there is a 1-2% surge in price and sentiment indicators are showing a short term top I like to pull a little money off the table to lock in some profits while still holding a core position (Sell High). This is exactly what I/subscribers have done over the last couple weeks. This is a simple yet highly effective strategy and works just as well in a down trend except I focus on shorting extreme sentiment bounces. Subscribers know what these indicators are as I cover them each week in my daily pre-market trading videos as we prepare for the day ahead.
SPX Running Correction
Since early September the equities market has been on fire. In late September the market was extremely toppy looking and trading at key resistance levels from prior highs convincing a lot of traders to take a short position. But instead of a correction the market surged and has since continued to grind its way up week after week.
This rising choppy price action can be seen two ways: 1. As a rising wedge with a blow off top (Bearish) 2. Or as a Running Consolidation (Bullish)
The running consolidation happens when buyers are abundant picking up more shares on every little dip. Overall looking at the intraday price action you will see market shakeouts as it tries to buck traders out before it continues higher. This choppy looking market action if not read correctly looks extremely bearish to the novice trader and the fact the market is so overbought it easily convinces them to take short positions. This choppy action is just enough to wash the market of weak positions before starting another run up.
All that said, both a blow off rising wedge and a running correction are very bullish patterns for a period of time. Again I cannot state it enough, trade with the trend and the key moving averages.
Gold Shines On The Daily Chart
The gold story is straight forward really… Trend is up, quantitative easing is back in action and that is helping to list gold and silver prices. Key moving averages have turned back up and gold closed at a new high which shows strength.
Golden Rocket
With another round of quantitative easing just starting and gold making another new high last week there is a very good chance gold stocks will rocket higher in the coming 8 months. I have been following Millrock Resources Inc. because of the team involved with this company. A breakout to the upside here could post some exciting gains if you take a look at the chart and see where the majority of volume has traded over the years along with the bullish chart patterns (Cup & Handle/Rising Wedge) with strong confirming volume. From 84 cents to the $3.50 area there should not be many sellers other than traders slowing taking profits on the way up.
Crude Oil Breaks Out Of Cup
Crude oil has been dormant the past few weeks even though the US Dollar has plummeted. But last week’s news on more QE was enough to send oil higher. The surge took oil prices straight to the 2010 highs as expected and blew past my first target of $86.00 per barrel. I figure it will consolidate here for a while until we see if the dollar bottomed last week or is just testing the breakdown level.
Weekend Trading Conclusion:
In short, the market has played out exactly as we planned and all four of our positions are deep in the money. As we all know the market goes in waves in both price and for trade setups. The past couple weeks were great for getting into trades and now the market is running in our direction. It will take a few days for the market to stabilize (pullback or pause) before we could get anther round of trade setups. Keep position sizes small as the market remains overbought and a sharp correction could happen at any time. Until then, keep trading with the trend.
Get the latest information about oil stocks and the best oil futures for your investments!
The Holiday Grind Is Here For 10 Days Only – Are You Ready?
It’s that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare. The big money has already done most of their year end shuffling and will be taking it easy until January.
The market is overbought and sentiment readings are at extreme levels which in the past have been the start of large sell offs and even bear markets. While I am keeping a close eye for a top, there is not much we can do but stay long stocks and commodities until the market tips its hand and distribution selling is in control. The U.S. federal government is the only wild card going into year end that should be on traders’ radars. They have been doing a great job boosting prices in the equities and commodities market, but can they continue to hold things up when the big money and the proverbial herd start unloading positions in 2011?
SP500 Holiday Grind – Daily Chart This chart shows the slow and steady grind higher that we have seen in the S&P 500. I expect this to continue into 2011 The market in my opinion is on the verge of some serious selling so long positions should be small going forward.
US Dollar On Pause For A Couple of Weeks This 4 hour candle stick chart of the dollar shows price testing resistance (a previous high). I am expecting to see the U.S. Dollar trade sideways or possibly move closer to the previous high as we enter the new year. A sideways dollar will allow the equity and commodity markets to rise.
Weekend Conclusion: In short, I think we could see an intraday pullback early this week and then a grind higher. The pullback would shake out some weak positions before the holiday march higher takes place. I typically don’t trade much going into the holiday season and new year. I may put on a small long position if I like what I see forming on the charts, but that would likely be about it. Light volume can be very dangerous to trade because sharp price spikes up or down can occur in a blink of an eye catching traders off guard.
Get the latest information about oil stocks and the best oil futures for your investments!
The Unconventional Gas Industry
New and prosperous energies are cropping up as scientists constantly search for ways to improve existing methods of drilling for oil. New resources like gases, minerals, and by-products of oil are discovered beneath the earth’s surface frequently. To harness these resources and improve methods of drilling for oil is as financially sound as it is practical.
For more than a century, oil and petroleum products have powered the world. Motor fuel demand has only grown during this time, and continues to increase as time goes on. Many analysts believe that in the upcoming decades this demand is set to double. To accommodate this, the world needs oil and gas.
Oil is a key ingredient in many everyday products that people use, yet are keenly unaware of. Products like Vaseline include petroleum. Don’t use Vaseline? Chances are you have a moisturizer in your bathroom that has it as a listed ingredient. Refineries turn crude oil into mixes that are used for everything from detergents to keep our clothes soft to drugs that fight off life threatening illnesses.
Top 3 Types of Petroleum Products:
Naphtha is one example of a petroleum based product, it is a form of feedstock most people are not familiar with. Then there are non-fuel related products such as lubricating oils or solvents. Last but not least are the fuel, like diesel and gasoline.
Oil is used in an extremely versatile way and whether we like it or not our economies and societies have become dependent on it. For example look at transportation. Although electric cars are being introduced albeit slowly and costly, the majority of motor vehicles use petroleum based fuels. Air transportation is one of the biggest consumers of oil and has yet to find a workable alternative. The second biggest petroleum consumption sector is the industrial market. Home and commercial use including the electric utility sectors account for the remaining petroleum consumption.
Over one trillion barrels of oil has been extracted and/or produced by humans to date. Since our demand is set to double in the coming decades, we are set to effectively double our oil exploration and extraction – in less than one quarter of the time. Needless to say, gas discoveries and unconventional oil are vital to our future. The most likely resources are both yet to be discovered conventional oil reserves and unconventional gas resources. Scientists and the industry as a whole are in a race against time to perfect the most efficient ways and methods of finding, extracting, and producing oil and its by-products to meet our heavy demands. Now more than ever, exploration and resource management is key.
Strike Energy is a global leader in the exploration oil industry. To find out more visit StrikeEnergy.com.
Changes in U.S. Energy Prices
U.S. energy prices are greatly affected by industry demand. The higher the demand for fuel, the more expensive it becomes. Although the economic climate of 2009 should have reduced U.S. energy prices, growing demand for crude oil in other countries has kept the price much higher than is desirable.
Looking back between 1978 to 2004, the rise in consumption was around 28.6%. If you like numbers, this year alone, China’s increase was 25.8%. Even the demand in South Korea has skyrocketed over the years by nearly 344%. It’s to imagine that right before we hit the new millennium, the cost for a barrel of oil was only $12. Today it is roughly around $70.
The price of crude oil directly influences the cost of other fuels. Whether it be for production or generation, crude oil and other fossil fuels are vital to electricity, gasoline, and petroleum. Although oil prices dropped in the first half of 2009, due to a fall in consumption of 1.25 million barrels a day, the price will rise again in 2010 as industry recovers from the recession and demand begins to rise once more.
However, you will see a drop again around the latter part of 2009. When we reach the increase though, you can expect to see a rise of 40c per gallon on gasoline. Even though this will be a major cost increase throughout each month, the good news is there will be a slight decline in the electricity side of things.
While the economy remains unstable, U.S. energy prices will be less certain. In the supply and demand chain, if fuel prices suddenly rise too high, demand will decrease as smaller businesses and companies can no longer afford production. However, while prices are on the decline it will help industry pick up again as their profits increase. The delicate balance should be maintained by both crude oil sales and industry relying on each other. Undoubtedly, as the economy picks up speed once more, crude oil prices will increase. It is only a matter of time before other fuel prices follow.
The first half of 2009 saw a substantial fall in electricity consumption, in the U.S. Electricity sales declined as businesses and residential properties cut back to save money. An uncertain economic climate was responsible for a 4.4% decrease in comparison with 2008. However, the second half of 2009 was more positive. The decline leveled out at a less significant 2.3% decrease in electricity consumption. U.S. energy prices should remain low in the fourth quarter of 2009 before steadily rising again next year as industry improves and the economy settles. Electricity prices are not exempt from this, with estimated declines of 2% in 2010.
Whenever a conversation starts with U.S. energy prices, the economy are enters in the blink of an eye. We can definitely say the recession is far from over, and it might take another year or two in order to see positive changes. Unfortunately, as long as we’re all uncertain, the increase could come out of nowhere.
One thing you will notice about crude oil prices is that they try to guess where the economy is headed. If it looks as though the U.S. is about to recover and prices rise, this boosts the cost of gasoline and petroleum. Then again, when there is an obstacle that comes to the forefront, the costs either remains stagnate or simply tumble until something else comes along. Take for instance the unemployment benefit claims. Even though they have declined, the level of unemployment still isn’t at an acceptable level.
Oddly enough, the lowered demand for energy has still left the fuel stockpile prices higher then we expected. Keep in mind this is lowering the price since more is available. However, items such as natural gas have reached a new 5-year high. Thinking ahead; it will be a long while before demand supersedes the supply and prices rise. If the industry stays encouraged during this time, it will be well on its way to recovery.
For now, the U.S. energy prices have declined thanks to the lack of demand. While lower prices are great, the constant fluctuation around the world will continue this crazy roller coaster. So when 2010 rolls around expect to see an increase in gas prices, but in the meantime enjoy the lower prices.