Monday, 16 February 2009

On the Road Again (II) – Willie Nelson (1980)

This week, we show up at the Royal Garden Hotel in the Kensington District of London for the 11th International Petrochemicals Technology Conference & Exhibition, IPTC (16 & 17 February) and 10th International Downstream Technology & Catalyst Conference & Exhibition IDTC (18 & 19 February).

We are represented by the dynamic duo of Miss Joanna Schofield and Mr. Oliver Wells, both out of our Oxford Office. If you are in the vicinity, do stop by at our booth and meet two of the most delightful individuals you'll ever come across in the industry; and do try your luck at our Energy Education Wheel of Fortune.

Who says energy and commodities training can't be fun?


Oliver Wells
Principal Sales Executive
owells@oxfordprinceton.com

 


Joanna Schofield
Principal Sales Executive
jschofield@oxfordprinceton.com

Saturday, 14 February 2009

From Russia With Love - John Barry Orchestra (1964)

Or maybe not, on this St. Valentine's Day.

I am, however, energized over our latest web-based course, European Gas: Security of Supply (Understanding the Russia-Ukraine Gas Conflict), which becomes available on March 1st.

It was just last month that curtailed supplies flowed into Europe, leaving millions without heat in the dead of winter. Whilst the two countries managed to come to an agreement to get gas flowing once more, their dispute is a long-running one that has been brewing ever since the breakup of the Soviet Union. We are unlikely to see the last of it.

This left us wondering whether Europe and the rest of the world are truly prepared for when this dispute makes headlines in the future. It turned into an opportunity to provide education and training to professionals in and out of the gas industry. And we are bringing it to market in record time no less.

The course will discuss:
  • How and why Europe has come to rely on imported gas, and on Russian gas in particular
  • How Russian gas gets to Europe, and how this may change with new pipeline and LNG infrastructure projects
  • How gas is priced, and how the prices that Russia and Ukraine have been disputing compare to other international prices
  • How the dispute between Russia and Ukraine arose, and how it might eventually be resolved

I do hope many of you will take advantage of this cost-effective ($175) opportunity to stay on top of this geopolitical energy situation.

Are there any other timely topics out there that you would like to see more in-depth discussion and analysis on?

Tuesday, 10 February 2009

Blowin' in the Wind - Peter, Paul & Mary (1963)

This, from The Huffington Post, is to be read in its entirety before you comment. But for now, let's just say, whoa!

Heidi Fleiss: Renewable Energy Business Better Than Sex

Heidi Fleiss, best known as the Hollywood Madam, had always had plans of opening up an above-board brothel in the Las Vegas area. But the economy has changed, and so have her plans:
"I think I'm going to put all my property up for sale in Crystal," Fleiss said recently by phone from her house in Pahrump. "I don't want to work so hard ... and deal with all the nonsense in the sex business."
Instead, she is focusing her attention on an alternative energy project she said is "perfect for Nevada."
"That's where the money is," she said. "That's the wave of the future."
And maybe that's true -- green consumers want more, more, more and there are a few other positive signs:
*Wind now employs more people than coal*New York State thinks it can revive the economy and the environment at the same time*Green jobs are looking safer than other jobs
But can renewables really beat the sex industry? Maybe it's best if they just work together.

On the Road Again – Willie Nelson (1980)

Andrew Infante is ready to discuss energy education with the forthcoming crowds.

The first of this year’s events and exhibitions takes us to E-World Energy & Water 2009 starting today, February 10th through the Thursday, the 12th in Messe Essen, Germany. If you’ve never been, it is one of Europe’s largest trade fairs and is dedicated to the energy and water economies. It is simply ginormous. This year, over 15,000 visitors are expected and we are one of 450 exhibitors.

The Oxford Princeton Programme has exhibited at this show for many years running now as we do get to touch base with several of our current clients as well a meet new ones who would not learn of our services otherwise.

If you plan to attend, do stop by: we are at Hall 1.0 Stand 417 and say hello to our representatives there: Oxford Deputy Sales Manager, Mr. Jim Crosskey, and Global Marketing Coordinator, Mr. Andrew Infante. Take a copy of our updated 2009 Global Course Offerings Catalogue and try your luck at our Energy Wheel of Fortune.

Monday, 9 February 2009

Divine Intervention – Taking Back Sunday (2006)

I know about the separation of Church and State, but Church and Energy? Hey, we’re all entitled to our opinions, right?

Read on and find out what the Bishop of St. Paul in Alberta said in a pastoral letter last week to oil executives in Calgary and Houston regarding the Athabasca Oil Sands. Is this what is meant by taking the "moral high ground?"

Pace and scale of Alberta oil sands development a "moral problem"

Alberta's oil sands industry has taken considerable heat for its environmental sins, but now an ecclesiastical voice is added to the secular critics.

"I am forced to conclude that the integrity of creation in the Athabasca Oil Sands is clearly being sacrificed for economic gain," Luc Bouchard, the Roman Catholic Bishop of St. Paul in Alberta, wrote in a pastoral letter last week. "The proposed future development of oil sands constitutes a serious moral problem."

The problem "does not lie in government and industry's lack of a sincere desire to find a solution; the moral problem lies in their racing ahead and aggressively expanding the oil sands industry despite the fact that serious environmental problems remain unresolved after more than forty-years of ongoing research," the Bishop wrote.

He cited the destruction of the boreal forest eco system; the release of greenhouse gases, potential damage to the Athabasca (River) watershed; heavy consumption of natural gas (using a relatively clean burning source of energy "to produce much more environmentally damaging oil"); and the creation of toxic tailings ponds. ("The question as to whether it is ethical to create such enormous amounts of essentially poisonous materials with no known way to detoxify them needs to be addressed").

Any one of these destructive effects provokes moral concern, the letter said, "But it is when the damaging effects are all added together, the moral legitimacy of oil sands production is challenged." And when the scale or proposed future expansions is taken into account, "The full environmental threat of the oil sands and the resulting gravity of the moral issue involved is most deeply felt."

Bishop Bouchard directed his letter to "oil company executives in Calgary and Houston, to government leaders in Edmonton and Ottawa, and to the general public whose excessive consumerist lifestyles drives the demand for oil."

Bouchard told Platts in a telephone interview: "What I am saying in the letter is not something that is new. But I wanted to add a dimension that needed to be added, which is a spiritual and moral dimension."

As consumers, "We all have to make an examination of conscience," regarding energy use, he said, but suggested that the overriding issue is "a reduction in the pollution we create."

The response to the letter "has been overwhelmingly favorable," Bouchard said. "If at least I've heightened the greater awareness of what is going on, all the better."

The Canadian Association of Petroleum Producers said in a statement: "We invited the input of all Canadians to identify and address their concerns regarding oil sands development and we accept the Bishop's input as part of that process."

Oil sands development "is sustainable, regulated and the cornerstone of Canada's resource supply," the statement said. "We look forward to talking with the Bishop and others about environmental impacts, progress that has already been made, as well industry's future vision for balancing energy supply, environment and economy in the region."
(Platts)

Tuesday, 3 February 2009

Humor of the Situation – Barenaked Ladies (2000)

In times like these, a little laughter can keep one from crying. Or maybe not.

So, let’s take some time to chuckle at ourselves and the conditions we find ourselves in this Op Ed piece from Sunday's The New York Times courtesy of Rick Moranis (yes, of Honey, I Shrunk the Kids fame).

And, really, any tutorial on derivatives you'll ever need is just clicks away. If not an in-depth course, we do have the next best thing at a fraction of the price: web-based training.

Dialing for Derivatives

By RICK MORANIS
Published: January 31, 2009
THANK you for calling BadBank, otherwise known as "Slumdog Billionaire."

This call will not be monitored for quality control.

One of our customer service representatives will be with you as soon as he is paroled.

If you are calling for a loan, a bonus, a bailout or season tickets to all home games at BadField, please stay on the line.

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For account balances, please call GoodBank.

Please listen to the following options. If you do not understand options and would like a tutorial on options, shorts, puts, calls, spreads, hedging, derivatives, credit default swaps, collateralized-debt obligations, front-running or insider trading or would like to access a directory of interior decorators, please press 1.

If you are calling from a rotary phone, you’ve got other problems.

Due to high caller volume, the Clawback Prevention Hotline has an unusually long wait time.

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If you actually do anything legitimate for a living and can build, fix, weld, paint, plumb, wire, polish, lift, mold, sew, knit, cook, cobble, darn and/or knead, please check to see if you have dialed the right number.

Rick Moranis is a writer and actor.

Monday, 2 February 2009

Deal Me A Hand – Bill Haley & His Comets (1950)

I found this on The Houston Chronicle’s blog and it had my fingers clacking away furiously sharing it with friends and colleagues. Now try not looking at your fingers after reading this!

Researchers at Cambridge University have found biology plays a part in successful financial trading. According to a report published in The Proceedings of the National Academy of Sciences:

The study found that the length of a person's ring finger, when compared to the index finger, could be a way to measure their exposure to male sex hormones or androgens before birth. Such exposure could boost both concentration and reflexes - attributes necessary in the high-stress atmosphere of the trading floor, they said.

After making their measurements, researchers followed 44 traders around a trading floor in London, finding that traders' profits and losses over the previous year-and-a-half were in proportions to the size of their ring finger. They also found correlations in higher long term profits and the length of time the traders lasted in the industry, according to reports.

According to the study, "The success and longevity of traders exposed to higher levels of prenatal androgens further suggests that financial markets may select for biological traits rather than rational expectations."

The Washington Post also reported on the study, called "Second to fourth digit ratio predicts success among high-frequency financial traders," by John M. Coates, Mark Gurnell, and Aldo Rustichini.

These researchers have made some hay with this research in the past, by the way.

Jobert E. Abueva