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Happy St. Patrick’s Day …Is It Legal?

Saint Patrick’s Day, although a legal holiday only in Suffolk County, Massachusetts (where it is recognized alongside Evacuation Day) and Savannah, Georgia, is nonetheless widely recognized and celebrated throughout the United States. It is primarily celebrated as a recognition of Irish and Irish American culture; celebrations include prominent displays of the color green, eating and drinking, religious observances, and numerous parades. The holiday has been celebrated on the North American continent since the late 18th century.

According to the National Retail Federation, consumers in the United States will spend $4.4 billion on St. Patrick’s Day in 2016. This amount is down from the $4.8 billion spent in 2014.

 


Source: 7th most visited site in the world – Wikipedia

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Oil gas price, EPC consulting

U.S. Shale is Slowing Down

Ali al-Naimi spoke in Houston last week to the audience of Energy executives. He said the only way to stop the low price problem is to “stop producing the oil that is most expensive to extract and sell.”

Many companies committed to cut 5% to 10% from last year’s production. These companies include  Continental Resources Inc., Devon Energy Corp., Marathon Oil Corp., and EOG Resources Inc.

Oil Gas Price, EPC, Equipment, Consulting

These cut will not affect too much of the dilemma faced today in oil and gas price crisis.

Some companies however might fall to the temptation of pulling the trigger too soon. If oil gas price are starting to rise, some producers might start increase production volume to race against the energy price again.

Resources: http://on.wsj.com/1VNIwCe

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Saudi Russia Venezuela Freeze Oil But Doesn’t Matter

Awash In Crude

 

Saudi Arabia and Russia, the world’s largest crude-oil exporters, announced plans to cap production if other major producers followed suit, but it wasn’t enough for investors seeking stronger measures to drain the global oil glut.

Even if oil producers all agreed to a global production freeze at January levels, the world would still have about 300 million more barrels a year than needed.

 

Source: http://on.wsj.com/1Odzton

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