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Author: Ciprian

The Oil Export Boom

Good WSJ article on the oil export boom currently underway:

“The export boom is testament to U.S. ingenuity that has driven rapid advances in hydraulic fracturing and horizontal drilling, especially in shale rock. The breakthroughs have lowered drilling costs and put Texas’s Permian Basin at the center of an oil-and-gas drilling revolution that will next year see the state producing more oil than either Iraq or Iran.

Washington also gets credit for removing regulatory hurdles like the oil export ban. Republican leaders in Congress took flak in 2015 for agreeing to extend green-energy subsidies for a few years in return for Barack Obama’s signature on a statutory end to the 40-year-old export ban.

Some conservative pressure groups derided the policy trade as a sellout while liberals complained that ending the ban would serve Big Oil. The real beneficiaries are workers, investors and the overall economy, as well as greater flexibility in foreign policy as the U.S. is less vulnerable to authoritarian oil exporters.”

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Trade Wars

With the talks of trade wars/tariffs I am reminded of Jack Ma’s interview at the World Economic Forum in Davos.   From CNBC:

‘”The American multinational companies made millions and millions of dollars from globalization,” Ma said. “The past 30 years, IBM, Cisco, Microsoft, they’ve made tens of millions — the profits they’ve made are much more than the four Chinese banks put together. … But where did the money go?”

He said the U.S. is not distributing, or investing, its money properly, and that’s why many people in the country feel wracked with economic anxiety. He said too much money flows to Wall Street and Silicon Valley. Instead, the country should be helping the Midwest, and Americans “not good in schooling,” too.’

Something to think about.

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Do Your Job

1. Do your job.
2. Be attentive.
3. Pay attention to details.
4. Put the team first.

This is what “we look at every day when we walk into the building,” says Belichick.
“Ultimately, the team has to come first even though we all have individual goals and preferences,” he explains. “If you pay attention, and you’re coachable and you work hard, you’ve gotta improve. That’s really what it’s about for us.”

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