Easwaran Kanason

Co - founder of NrgEdge
Last Updated: March 15, 2021
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Business Trends

There are times when the market gets a prediction right. After all, what is a prediction but an opinion made by assessing a situation from all angles and aspects, then deciding on what the logical outcome for a rational player would be? Take the current situation in global crude oil fundamentals. Consumption is recovering, as Covid-19 vaccinations accelerate. Supply is tight, with news of crude inventory draws globally signalling that more supply was needed. And, crucially, there was pressure building up with the OPEC+ club of 25 oil-producing nations to ease production cuts. Logically, this should have led to OPEC+ announcing another gradual easing of its landmark supply quotas for April 2021.

That didn’t happen. Instead, OPEC+ agreed to keep April output steady to the existing levels for February and March – after what was described as a ‘quick virtual meeting’, no less. There were some exceptions; Russia and Kazakhstan were allowed to bump up their collective output by just over 100,000 b/d, but the rest of OPEC heavyweights like the UAE, Kuwait, Iraq and Iran were granted no leeway. And any increase from Russia or Kazakhstan or indeed some non-compliance by itchy OPEC members would be dwarfed by Saudi Arabia’s decision to maintain its voluntary 1 million b/d production cut into April. This is a victory for the increasing small Saudi Arabia camp of OPEC+. It caught the market by surprise, and any predictions that had been priced into the crude oil futures curve were thrown out the window. The Brent crude benchmark topped US$68/b while WTI hit US$65/b.

A couple of days later, Brent jumped above US$70/b, as Saudi Arabia reported that Iranian-backed Houthi rebels from Yemen attacked one of the world’s largest (and most heavily protected) crude oil infrastructure sites. A drone entered the Ras Tanura oil export terminal to target an oil storage tank farm there, causing a ‘fair’ amount of damage but no deaths. Crude prices soared on the news, even though Saudi Arabia said the attack was ‘intercepted’ and oil output was ‘unaffected’. But the fact that the very thought of a supply outage to trigger a rally in crude oil prices illustrates the tightness in the market right now. Ras Tanura is the world’s largest oil terminal, with capacity to ship 6.5 million b/d. If this heavily protected ‘Fort Knox’ of crude oil could be breached, then what happens while the Yemeni rebels step up their game?

Not everyone is happy with the current situation. In fact, most players on the chessboard are unhappy. Although crude oil prices have retreated below the US$70/b level, they are still close to a price range where demand destruction begins ie. the reluctance to consume oil sets in because crude oil prices are too high. Before the OPEC+ meeting, India called on the club to increase oil production progressively over Q2 2020, stating that ‘artificial cuts to keep the price going up is not something that we support.’ China, too, is reportedly lobbying for increased supply behind the scenes. On the supply side, while the elevated level of pricing does increase revenue for oil-producing nations, there is a wider camp that believes that increased output at a more moderate price level is a better outcome. These would be countries such as the UAE,  formerly one of Saudi Arabia’s most staunch supporters, that have invested heavily in oil production and export infrastructure, and are itching to use that capacity, not leave it idle. Economists are also raising the alarm that higher crude prices could lead to inflationary pressure as a time when the health of the global economy remains fragile.

One group, however, stands to benefit from higher prices, US shale producers. Data from Baker Hughes shows that the US oil and gas rig count is above the 400-site mark and growing steadily, a far cry from the situation ten months ago when onshore shale drillers were virtually wiped out. As WTI prices sit firmly above the US$60/b threshold, some surviving Permian producers, including EOG Resources, the largest private producer in the basin, announced big output boosting plans. But Saudi Arabia has a different opinion. It believes that the wild ‘drill, baby, drill’ days of American shale are over, and the industry will be forced to adopt discipline as shareholders prioritise returns over unfettered growth. It is an opinion not shared by most in OPEC+, especially Russia, but does have some evidence to back it up. The American stock market chose to punish listed Permian producers that promised increased drilling and rewarding more disciplined players, while Big Oil players in the shale arena have scaled down their ambitions. And there are also consumption trends to consider. While the Covid-19 situation in the USA is getting under control, it is still raging wildly in Mexico and, especially, Brazil, where a new, more virulent variant has emerged. Both countries happen to be major destinations for US gasoil and gasoline exports from Texan refineries; if that demand withers, then the already-beleaguered refineries in Texas won’t be needing as much feedstock.

That’s a lot of words to describe a fluid situation. OPEC+’s decision is limited to April 2021 only; the group will have to meet again in early April to decide on its targets for May and June. This means that there is plenty of room for the club to adjust its position. Some analysts estimate that the market could comfortably absorb an additional 1.2 million b/d of crude in March, which could moderate prices back to US$60/b. Perhaps OPEC+ will choose to meet that demand in May, either through easing quotas for all members or Saudi Arabia rescinding its voluntary cuts. And if US shale producers prove to be less disciplined than envisaged, then there is also room for OPEC+ to manoeuvre around that.

If anything, this latest OPEC+ decision continues to value Saudi Arabia as the world’s swing producer and the club’s kingpin. And for now, Saudi Arabia wants to remain cautious. Perhaps it is being overly optimistic regarding US shale producers, and it has been spectacularly wrong before in the past but it has also engineered a situation where it can react if it needs to, which it has also demonstrated dramatically in the past.  

Market Outlook:

  • Crude price trading range: Brent – US$66-68/b, WTI – US$62-64/b
  • Global crude benchmarks got a boost from OPEC+’s surprise decision to maintain production levels in April (with a small exception for Russia and its ally Kazakhstan), as well as an attack on Saudi Arabia’s heavily fortified Ras Tanura oil terminal
  • Immediately following the attack, Brent jumped above US$70/b level, but has retreated back as damage from the attack was reported as ‘not major’; however, the risk of additional attacks remains, which may add a risk premium to crude benchmarks
  • Crude oil prices should remain strong over March, as Canadian oil sands producers idle over 500,000 b/d of production for maintenance and the active US rig count remains relatively low; however, news that Iran was contacting its old customers in Asia in the hunt for supply deals as it engages with the new Biden administration signals that there is more upside for supply over the medium-term than downsides

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Making use of commercial timber pellet mill

Today we  will certainly  discuss industrial  timber pellet mill  Most of us know that  contemporary society  promotes the recycling of resources, especially waste wood, sawdust, straw,  and so on. The  timber that  might not be  utilized before can be  refined into sawdust after  squashing  and also processing., sawdust  as well as other raw materials,  advertise the recycling of waste wood,  as well as facilitate our lives.

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Sawdust  source has the  features of high calorific value  as well as  reduced emission of  unsafe gas. It can be used as a high-quality biomass  resources for  power  usage, which can  lower the  intake of non-renewable energy such as coal, oil  as well as natural gas.  Currently, the energy  use  techniques of sawdust in my country  generally  consist of:  straight combustion heating, granulation, gasification, liquefaction  as well as carbonization.

Around us, waste wood, branches, waste wood scraps, bark, branches, waste boards, veneers,  furnishings factory scraps,  assorted wood, etc can be  grated into sawdust,  and also biomass pellet fuel is  generated through the industrial  timber pellet mill The finished product has high  burning efficiency and little harm to the  atmosphere, which can be  claimed to kill two birds with one  rock.

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1.  Making use of industrial  timber pellet mill.

The industrial wood pellet mill is a good  gadget that can make sawdust energy. There are  numerous  house  suppliers, which produce a large  quantity of sawdust  each year.  Nevertheless, due to the influence of  standard  manufacturing  techniques  and also living  routines, the  use  price of sawdust is extremely low, and a  substantial amount of sawdust  sources are  disposed of or  blazed, which not  just  creates waste of  sources,  yet  additionally pollutes the air. The use of industrial  timber pellet mills  successfully recycles these resources.

Over the years, Richi Machinery  has actually focused on the research and development, design  and also production of  commercial  timber pellet mills, wood  cutting pellet machines, sawdust pellet  makers, biomass pellet machines, wood pulverizers,  timber pellet  assembly line,  timber processing  tools  and also  various other  items. All  items have passed ISO9001 :2008 The international  high quality  monitoring system  qualification  as well as EU CE  qualification have  gotten to the  worldwide  sophisticated  degree,  as well as the  items  swiftly cover the domestic market and are exported to countries  all over the world.

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Considering that its  facility, Richi Machinery has won the honorary titles of "Advanced  High Quality  Device" and " Top Quality Trustworthy Unit"  each year,  and also has been  identified as a national AAA-level enterprise for  high quality,  track record and service. The  firm  has actually always  stuck to the principle of " top quality first,  online reputation  initially",  according to the tenet of "survive by  top quality,  and also  look for  take advantage of development", exerting its own  benefits  as well as gradually  increasing its scale. In the future, the  industrialized people will make persistent efforts to  establish and develop products that are well  gotten by  residential  and also foreign customers,  as well as  stroll in the forefront of the industry.

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August, 03 2022
Seven Tips for Online Learning During COVID-19

It is no secret that the COVID-19 epidemic has forced us all to make significant changes in our lives. Remote work has been an option for businesses; K-12 schools have adopted distance learning as a necessity; many college students, who were previously enrolled in on-campus courses, now have to learn online.

While online learning carries many positive benefits that make it the preferred choice for millions of students, it doesn't come without its challenges--especially for students who are more familiar with in-person courses.

Here are seven tips from Jonathan Small (associate vice president for online learning at Regis College), that will help you to adapt your study habits to fully online learning.

Tips for Online Classes1. Take the time to plan ahead and understand when your assignment is due.

Online students interact with the subject matter and complete assignments via learning management software (LMS). Regis offers online classes through Moodle. Other popular tools include Canvas and Blackboard.

It doesn't matter what LMS you use, it is important that you take the time to familiarize yourself with the interface as well as your assignments. Take a look at the due dates for your assignments so you can create a realistic plan to complete them.

Small says that online classes are often structured in modular formats, which is different from face-to-face classes. You don't always have the physical reminder that your work is due in class. Online classes can be very busy, so students must organize their time.

2. Make sure you have enough time to study.

Many students at Regis and other universities pursue their education while also fulfilling other obligations. You have to balance work, childcare, family obligations, and internships.

Small says, "Chunking tasks is a great way for students to feel accomplished." You feel like you are making progress. You can also schedule a time to study, which will help you establish and maintain a routine.

3. Regular communication is essential for group projects.

Many college courses include group projects and assignments that you must compete with others in the class. This is true for both online and in-person courses. Small says that while in-person courses allow for group projects and bring people together face to face, online students must be careful about communicating effectively.

Groups must prioritize communication, regardless of whether it's via Zoom, email or phone call, instant messaging, shared documents, or any other form altogether.

Small says, "Find a system which works for everyone in your group and then follow up often."

4. Split up work groups early.

It is important that groups are able to properly divide tasks so that everyone has a fair share and everyone knows exactly what they have to do.

Small advises that group projects should be planned far in advance so that everyone can share the work and coordinate their efforts. This way, even if something isn’t due for a few more weeks, everyone has the opportunity to use their time and work on their tasks as they can.

5. Keep in touch with your professor frequently.

As important as it is to communicate with your classmates and group members, it's equally important that you communicate with your instructor or professor. Whether you need help with an assignment, or simply want to share your struggles with them, make the effort to contact your professor.

Small says that talking to your instructor is key to success. Small says that you don't have to struggle with your questions and concerns alone. The professor can help. Talking to your instructor for five minutes can help you save days of stress. You will feel better, get more clarity, and be more successful.

You don't have to communicate only when things are going wrong. You can build a rapport with your instructor by letting them know when things are going well.

6. Participate as often as you can

Participation is key to your success, no matter if you are taking classes online or in person. Active participation not only shows your professor you are engaged but also shows you are learning and willing to do the work required to succeed. Participation transforms education from a passive process to one that is active.

Small says that the more you take part as a student the better your experience will be.

7. Flexibility is key.

Flexibility is key to online learning, both for you and your fellow students--and even your professors.

Small says, "Remember that your instructors had only to switch to remote teaching within a weekend. That's the same time it took to transition to online learning."

"This happened by accident. It's possible to restore the campus community by simply being compassionate, active in your course material, and talking to your instructors. This will make the transition smoother.

Put in the Work

Online learning might not be your first choice. However, the tips and advice above will help you make the most of your online courses. Clear and open communication with your classmates and instructors, as well as staying focused on the course material, will be key to your success in this difficult time.

Related article from studentjob.co.uk : http://www.studentjob.co.uk/blog/5757-best-online-exam-help-top-five-websites-you-can-trust 

Related Resources:

Are Online Classes Worth It? 12 Pros & Cons Of Online Learning

Tips to Be Successful in Your Online Classes In 2022

5 Reasons Why Online Learning is the Future of Education

The Impact of Online Classes on Students

August, 02 2022
What is a Satire Essay and How Does It Work?

One of the most popular literary devices or genres is Satire. This genre is especially designed to criticize someone or group of people for their vices, wrongdoings, or shortcomings.

Usually, humor is used to highlight important political and cultural issues in a society. A satire article is a type essay that uses humor, sarcasm, and irony to ridicule a person, situation, or ideology. It pokes fun in an elite and sarcastic fashion at certain people or situations.

How to Write Satire Essays: Writing Tips

How do you write a satire article? It doesn't have to be difficult, even though it seems daunting. However, once you use the following tips, it can be an easy task to write a satire article.

Choose a relevant and original topic

This is why you will need to create a satire essay. Your first step is to pick a satirical essay topic. You may be assigned a topic by your professor or teacher in some instances, but you would need to create your topic.

Decide the topic of your essay. Depending on what you are interested in, you can choose to concentrate on either a political or societal situation.

However, it's a good idea to choose a topic you are already familiar with. This will make it easier to locate facts and evidence to support the views you hold.

Consider your audience

Your essay is the center of attention. You must consider your audience at every stage of the writing process. Your essay should be addressed to college professors or high school students.

Are professionals reading it or are you just a student? It is important to consider your audience and determine the right tone for your essay.

A casual tone is acceptable if your target audience is mostly friends and students. It's best to use a formal tone if your target audience is professionals.

Add humor!

What makes a humorous essay so engaging? It is the topic, or the writer's writing style that makes satire essays so interesting. Humor is the key ingredient to any satire essay. You want your audience to laugh at the absurdity or inanity of a person or situation. Irony, sarcasm or hyperbole are all great ways to accomplish this end.

These devices can be very effective if used in a thoughtful manner.

Be clear about the facts

Because satirical essays often use exaggeration and humor, it is crucial to write an essay that is straightforward. An essay that contains false or misleading information will not be accepted by the court of public opinion.

Therefore, facts should only be stated that are supported by strong evidence. If you want to give credibility, be sure to cite the source of your information after citing figures, theories, opinions, etc.

This would ensure your audience that your essay was credible. Avoid including arguments that you are unable to prove or find evidence.

Use the ELP Format

ELP format is a great tool to ensure that your satire essay will be professional and high-quality. ELP is an acronym that stands for ethos, logos, and pathos.

These three elements make up a large part of an essay and can either help or hinder your work. These elements are important and can be used in your essay.

Ethos informs readers about the topic at hand and their preexisting beliefs. To provide a foundation for readers, Ethos should be used as a tool in the introduction.

Logos give credibility to your work by providing facts and figures for the audience.

As the name implies, pathos will elicit the appropriate emotions and feelings from your audience. You can use this tool to invoke sadness, sympathy, anger or any other emotion.

Be tolerant

It is important to avoid making offensive statements in satire essays, even though they are often filled with irony or sarcasm.

Your audience will likely include people from all walks of life. Therefore, it is important not to make comments that could be considered discriminatory or offensive for a particular section.

The art of discerning the right line between humor and offensiveness is delicate and requires practice. You can ask teachers or colleagues to give you second opinions so that your essay doesn't offend.

Learn more at: https://proessays.net/blog/40-witty-topics-for-a-satirical-essay

July, 25 2022