ECONOMIC EXPANSION

WORLDWATCH VORACIOUS APPETITE FOR COMMODITY NEWS

 

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    CEO


    The CEO of Galp Energia Portugals biggest Petrol company and one of the biggest companies in this country said in a parliment session that the final consumer price per litre is cheaper than in Spain.! (Spain is the country next to Portugal)

    The consumers should take into account the discounts at the petrol stations... this statement can only be considered ridiculous, two or three cents per litre in some petrol stations! Very few petrol stations practice any type of discounts, any real discount...

    This CEO goes on to say that due to these discounts tha petrol price in Portugal are in fact cheaper than in Spain...then he should explain to the public in general why we have diesel 10 cents more expensive than in Spain and petrol 30 cents more expensive...!

    Portugal has one of the most expensive consumer price per litre in the world ... its not the consumers fault that the goverment places high taxes on this type of fuel, its up to the petrol companies such as Galp to force the govermnet to change its policy...but no...the petrol companies all they see is profits...the more expensive the better.
    They all practice the same prices , if one increases the consumer price a cent more, then all other petrol companies also increase their final price... this practice has been in use for years,everyone has knowledge of this practice but the CEO of Galp Energia denies this practice ... the deniel only proves the information is correct.
    These companies have no respect for the consumer, their objective is money money...

    written by ABSTRACTMIND @ 12:39 pm, ,

    Hotel Reservations

    A holiday would have meaning to visit a foreign country. If the place is familiar to our home country, your holiday might not be so exciting. See unfamilar places, faces, and traditions. The problem is the better and more famous your destination would be, then the more difficult might be to get the hotel reservations you’re looking for. You should hear my suggetion, leaving all into chance is not a better idea, it can turn into horrible vacation you would ever dream of. Give technology a chance to help you.
    Hotel Reservations
    Technology has always been human being’s best friend other then dogs. Why not use the Internet for checking out what types of hotels exist in the area you are planning to visit and then you can learn all that there is to know about the hotels that are available to you. And another advantage is you can book your hotel too(On-line).

    The advantage with booking your hotel reservations online is that you can literally have a tour of the hotel you are planning to stay at, without taking a single step away from your room. Most of the hotel websites (and travel agent websites as well) will have a virtual tour of the hotel ready for those who want to see the details of the premises. In this way, you could see the rooms and the amenities, such as the bar, the restaurants, the shopping arcades, the entertainment areas, etc.

    Besides making the hotel reservations, you can also use the Internet to inform and request the hotel for any special arrangements that you might need. These could be anything - such as an extra bed/mattress for children, pick-up and/or drop from /to the airport, booking seats on sightseeing tours, booking tickets at local festivities, parks, aquariums or whatever else the local attractions might be, and so on.

    Booking your hotel reservations online would also mean the possibility of a substantial discount – if you make the booking some three or four months in advance. There are many hotels that offer heavy discounts when accommodation with them is booked well in advance. Why not plan your vacation well enough and avail of this wonderful opportunity.

    written by ABSTRACTMIND @ 9:43 am, ,

    " Black Gold "

    It seems that every world event helps to influence the crude price, every happening around the globe has a negative reaction on the " black gold ", this time its the continues dollar fluctuations that are causing uncertainty.. as the dollar fell to a record low against the euro on speculation that the U.S. Federal Reserve will keep cutting U.S. interest rates.
    The dollar posted the biggest weekly losses versus the euro since March as the Fed's half-percentage-point interest-rate cut on Sept. The Fed's trade- weighted dollar index sank to its lowest in 36 years.
    During this week the dollar may go even lower....The U.S. currency fell 1.6 percent this week to $1.4091 per euro and touched $1.4120 last week, the lowest since the euro's inception in January 1999.
    Seeing the present situation i think the Dollar weakness will drag on, the crisis is not over and the Fed is likely to cut rates further.

    written by ABSTRACTMIND @ 3:52 pm, ,

    Dollar Fluctuation

    We are now facing the situation were we have both the crude price in a daily price record and also
    the dollar fluctuation, but in a downward movement, in a way this helps to relief the crude price since
    all transactions are in dollars.
    But something serious must be made...the world economy cannot support for very long these crude prices.
    If the oil companies continue in this path they will also suffer serious problems as more and more alternative energy solutions
    become more apparent such as hybrid cars, fuel cells and so on..the consumer will also reduce the use of cars to a minimum and in this way the prices will drop.
    The exporting crude countries should remember that today they control the energy market but tomorrow they may be starving.

    written by ABSTRACTMIND @ 3:07 pm, ,

    Oil Rises to Record $81.18

    Once more humanity faces what the oil companies and some goverments whant... Crude oil rose above $81 a barrel for the first time in New York, this is caused because of speculation U.S. oil and gasoline stockpiles extended declines as refiners slowed operations with the passing of the nation's summer driving peak.... i dont understand, if the summer driving peak is over than why increase the fuel price...speculation of course...

    According to information from the Energy Department the report will probably show U.S. oil stockpiles fell 2 million barrels last week, according to an analyst survey, the 10th decline in 11 weeks.

    So now we face the fact that this market probably has the legs to get up to $83-$84 a barrel!

    Crude oil for October delivery rose to $81.18 a barrel, The contract rose , to $80.57 yesterday, the highest closing price since trading began in 1983.

    Oil stockpiles in the U.S., the world's largest consumer, held 322.6 million barrels on Sept. 7, 2.7 percent less than a year earlier.

    The Organization of Petroleum Exporting Countries last week said it will release an additional 500,000 barrels of oil a day into the market beginning Nov. 1 to help meet fourth-quarter demand. OPEC produces about 40 percent of the world's oil.

    For Europe the important news is that

    Brent crude oil for November rose to $76.98 a barrel on the London-based ICE Futures Europe exchange yesterday.
    SO THERE SHOULD BE NO REASON FOR THE LOCAL OIL COMPANIES TO INCREASE THE FINAL CONSUMER PRICE AS IT IS ALREADY
    ONE OF THE MOST EXPENSIVE IN THE WORLD.

    written by ABSTRACTMIND @ 9:34 am, ,

    Trusted Places

    Me and my wife recently had twins which makes it difficult to go out now that they are just a few months old. I find that when we do have our trusted babysitter we always go to the same places and never take the risk of trying something new . I guess this is because we are afraid that the new place won't be good and thus potentially ruin our one free night out.
    London restaurants
    Trusted Places community website allows you to check out reviews of various restaurants, bars, cafes, etc. For example, if you live in London and want to hit a London bar on your kid-free night this site allows you to see reviews of various community hot spots. You can also share your reviews with friends

    written by ABSTRACTMIND @ 10:57 am, ,

    Did you know?

    We all now who Thomas Edison was but here is something new about him..

    In 1878 Thomas Edison invented the first electric light bulb. This single invention proved to be so popular that it caused a major recession in the oil industry. Since 1856 kerosene lamps were used in homes and street lamps. Historians state that the introduction of kerosene initiated the oil industry. Sales and production of kerosene trickled to a standstill as electricity and the electric light bulbs caught on quickly.

    In 1908 Henry Ford’s mass produced automobile started a demand for gasoline and initiated an oil boom. Oil Pipelines were built from oilfields in Texas to refineries in the eastern US. With the introduction and public acceptance of mass-produced automobiles the Modern Era of Petroleum began.

    written by ABSTRACTMIND @ 10:51 am, ,

    Inventory control

    In todays industrial modern world, any kind of manufacturing operation be it large or small is almost impossible without the support of software. Custom designed software packages meant for all sorts of applications in the production industry are very common. Inventory control is a very important part of the manufacturing process, and it is extremely essential to check what is moving where, current stock levels, supplier details and seller details to ensure proper compliance with the entire process. This becomes enormously arduous without the proper tools and the right software packages.
    stock control and inventory management software
    The ideal inventory control software is easy to use, flexible, powerful, and able undertake all kinds of inventory control activities such as: serial number tracking, checking the minimum stock levels, reordering quantities, assemble items, disassemble items, FIFO/LIFO cost tracking, item sales history, billing of materials, and real-time adjusting stock levels. It also accommodates customer information, vendor/supplier information, sales, and purchases and generates reports for all categories. It can identify in-stock items, out-of-stock items, and sales quantities by item, customer balances, invoice balances, purchase order details, detailed sales lists, sales tax reports and outstanding order details.
    Inventory Control Software provides detailed information on Inventory Control Software, Manufacturing Inventory Control Software, Free Inventory Control Software, Inventory Stock Control Software and more. Inventory Control Software is affiliated with Auto Dealer Inventory Management Software.

    written by ABSTRACTMIND @ 3:34 pm, ,

    Domino effect

    Crude continues to close above the $80.00 a barrel due to the closing of refineries...
    The crude price closed session in New York Mercantile Exchange yersterday very close to the historic record price reached of $80.20 a barrel .
    this time due to the closing of three refineries in Texas because of Tropical Depressions .
    OPEP in its last meeting decided to increase production in more than a year of the black gold to more 500 barrels per day due to fears that the
    world economy will become more fragile.
    The only solution to this ever continuing energy problem is to find alternative resorces to gradually replace crude...

    written by ABSTRACTMIND @ 3:32 pm, ,

    Hotel on the Net

    A month ago my brother and a friend drove from Porto to London for a very short mission. Because it was a spur of the moment decision, they weren’t able to book a hotel in advance. Hence they just stayed at a friend’s apartment for the night.
    This dilemma happens to most travelers. There is the impression that booking at last minute deems impossible to get vacant rooms. But actually there are hotels that offer last minute deals even up to the day of departure. And guess how much the customer can save? A whooping 70% off on hotel room rates!
    Yes, yes at Hotel Shop UK, travelers can find great deals on last minute short breaks in the UK. They specialize in booking at 2-5 star hotels. Take for example their hot offers this week:
    special hotel breaks in the UK
    Chester 4* - from £40pp BB
    Rutland 3* Whipper-In Hotel - from £35pp BB
    Golf Break Ayr 3* - only £99pp for 3 nights DBB
    You can also use their hotel search by simply inputting the town or region, your arrival date and number of nights of stay. You can even specify the maximum price you’re willing to pay.
    The next time you travel to UK, check out http://www.hotelshopuk.com/ for great savings in hotel accommodations!

    written by ABSTRACTMIND @ 3:27 pm, ,

    Oil Rises to Record

    According to information published worldwide, Crude oil rose to a record $80.18 a barrel in New York ... the reason is once more and as always U.S. oil inventories fell greater-than-expected, supplies dropped the most this year! Prices also rose after OPEC said it would increase production by 500,000 barrels a day, less than is needed to meet a seasonal rise in demand.

    Crude oil for October delivery rose to $79.91 a barrel . on the New York Mercantile Exchange, a record close. Futures also touched the highest intraday price since trading began in 1983. The previous record of $78.77 was reached on Aug. 1.
    Brent crude oil for October settlement rose to $77.68 a barrel on the London-based ICE Futures Europe exchange, the highest since Aug. 7, 2006.

    The world faces a serious energy problem and there are certasin OPEC members that want to continue holding the rest of the world " captive", they are
    Venezuela, Algeria, Iran and Libya...according to them the world is adequately supplied with oil...

    In any case what i think and many others are of the same opinion is that There's a feeling that OPEC waited too long to increase production...

    Lets wait and see the outcome of this situation.

    written by ABSTRACTMIND @ 10:51 am, ,

    RegOnline

    Here is a name you will find people talking about in the future, have you heard of RegOnline before? If so, then you know that they have the highest possible ranking, a Level 1 PCI compliance. This is the only registration company that has this high of a ranking!! That says a lot about RegOnline.
    event registration service
    I think a high level of security such as this is very important when it comes to your personal information. Who doesn't want their personal information safe?!! Most would tell you that's it's important. For instance, if I was a registrant to a big event, I would be thrilled and relieved to know that my information would be safe...even as safe as banks and credit companies!! On the other end of it, event registration service software such as RegOnline would be very beneficial to an event planner as well. It not only makes their job easier, but insures that their registrants' information is safe and secure. WOW! If you'd like to learn more about this product, check out their site today.

    written by ABSTRACTMIND @ 3:53 pm, ,

    Petroleos Mexicanos

    Petroleos Mexicanos, , said saboteurs blew up three oil and gas pipelines in the state of Veracruz, the third terrorist strike on its distribution system since July.

    . About 12,500 people were evacuated, Veracruz Governor Fidel Herrera said on Mexico-City-based Radio Formula. Pemex reported no injuries or damage outside its facilities. The 30-inch natural gas line connects Minatitlan to Mexico City. The 24-inch liquid natural gas line supplies Guadalajara, Mexico's second-largest city.

    The group, operating in Oaxaca and other southern states, demanded at the time the government release two of its members it said were being held illegally. The Interior Ministry denied having the two in its custody. Hopefully this will not affect world crude distributiom…

    written by ABSTRACTMIND @ 11:32 am, ,

    Cheap and User Friendly Prepaid Phone Card

    Once more we have the best Callng Card Service Pingo with another great offer for the clients. They are giving $8 in FREE Calls! for their customers. I don't if this is not new but I've just seen this offer. You can save big money using Pingo on the Long Distance Phone calls.
    People know Pingo as the cheap calling card provider anywhere in the world. They provide service in fairly very cheap price. There are no hidden costs included. And here is one special offer for this blog reader. Use following coupon to get special $3 off Pingo service.
    Code: "ppp3".
    Let me tell you more about pingo if you have not used it yet. Pingo is very popular instant calling card. It can save up to 90% on your International cell phone calls.
    cheap calling cards
    This is usable across 35 countries all over the world. It has facilities like auto recharge and pin less dialing. And if you refer your friend and you'll get 5$. So, you can even make extra money from it. Click here if you like to join.


    For your information, this reliable network that delivers over 1.1 billion International phone card minutes a month are a service of iBasis, one of the ten leading carriers of international phone calls in the world.

    written by ABSTRACTMIND @ 9:25 am, ,

    Prices Tripled

    Hi again and once more according to information received, fuel oil for the first time in two years is rising faster than gasoline, jet fuel and diesel, increasing the cost of ocean freight and electricity.

    Demand for the fuel used in marine engines and power plants is accelerating because the world shipping fleet is growing at a record pace

    ``Every new refinery wants to produce more gasoline and diesel and cut back fuel oil,''

    About 37 percent of global fuel oil supply is consumed in Asia, compared with 19 percent in Europe and 10 percent in North America, according to BP's Annual Statistical Review of World Energy. The rest is burned in Africa and Latin America.

    World economic growth is spurring the increase in shipping demand. The International Monetary Fund forecasts a 5.2 percent expansion in 2007, extending the longest period that growth rates have held above 4 percent since the early 1970s.
    More than 8,000 vessels are on order for delivery by 2012, compared with the existing global fleet of 10,729, according to London-based Clarkson Plc, the world's largest shipbroker.

    written by ABSTRACTMIND @ 3:55 pm, ,


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