Oil Volatility Quotes

Ethanol is a volatile, flammable, colourless liquid with a slight chemical odour. It is used as an antiseptic, a solvent, in medical wipes and antibacterial formulas because it kills organisms by denaturing their proteins. Ethanol is an important industrial ingredient. Ethanol is a good general purpose solvent and is found in paints, tinctures, markers and personal care products such as perfumes and deodorants. The largest single use of ethanol is as an engine fuel and fuel additive. In other words, we drink, for fun, the same thing we use to make rocket fuel, house paint, anti-septics, solvents, perfumes, and deodorants and to denature, i.e. to take away the natural properties of, or kill, living organisms. Which might make sense on some level if we weren’t a generation of green minded, organic, health-conscious, truth seeking individuals. But we are. We read labels, we shun gluten, dairy, processed foods, and refined sugars. We buy organic, we use natural sunscreen and beauty products. We worry about fluoride in our water, smog in our air, hydrogenated oils in our food, and we debate whether plastic bottles are safe to drink from. We replace toxic cleaning products with Mrs. Myers and homemade vinegar concoctions. We do yoga, we run, we SoulCycle and Fitbit, we go paleo and keto, we juice, we cleanse. We do coffee enemas and steam our yonis, and drink clay and charcoal, and shoot up vitamins, and sit in infrared foil boxes, and hire naturopaths, and shamans, and functional doctors, and we take nootropics and we stress about our telomeres. These are all real words. We are hyper-vigilant about everything we put into our body, everything we do to our body, and we are proud of this. We Instagram how proud we are of this, and we follow Goop and Well+Good, and we drop 40 bucks on an exercise class because there are healing crystals in the floor. The global wellness economy is estimated to be worth $4 trillion. $4 TRILLION DOLLARS. We are on an endless and expensive quest for wellness and vitality and youth. And we drink fucking rocket fuel.

1910 there were more electric-powered cars on the streets of New York than gas-powered ones, and everyone back then assumed that electric cars were the future—they made a lot more sense than the crazy engines that ran on controlled explosions of volatile, toxic chemicals. But Rockefeller funded Ford to make sure that gas-powered cars, not electric, would be the way of the future, so he would have a place to sell his oil.” “I

When fat is heated to frying temperatures, whether it be animal fat, such as lard, or plant fat, such as vegetable oil, toxic volatile chemicals with mutagenic properties (those able to cause genetic mutations) are released into the air.22 This happens even before the “smoke point” temperature is reached.23 If you do fry at home, good ventilation in the kitchen may reduce lung cancer risk.24 Cancer risk may also depend on what’s being fried. A study of women in China found that smokers who stir-fried meat every day had nearly three times the odds of lung cancer compared to smokers who stir-fried foods other than meat on a daily basis.25 This is thought to be because of a group of carcinogens called heterocyclic amines that are formed when muscle tissue is subjected to high temperatures.

WHODUNIT BY BRUCE TIERNEY | 838 words A slippery situation in the Gulf Black Horizon (Harper, $25.99, 384 pages, ISBN 9780062109880), the 11th book in James Grippando's popular series featuring Florida attorney Jack Swyteck, opens with the two most important words of the lawyer's life: "I do." (Ha, ha—you thought I was going to say, "Not guilty.") The beach wedding in scenic Key Largo goes wildly awry when an epic storm arises in the Gulf, launching manifold repercussions for Swyteck and his new bride. One of the victims of the storm is a young Cuban oil rig worker whose wife emigrated to the U.S. ahead of him. He had planned to follow, but the deadly combination of high winds and an explosive oil spill have put paid to those plans forever. Now his wife would like Swyteck to file a wrongful death suit against the Chinese/Russian/Venezuelan/Cuban consortium that owns the oil rig. This is no easy feat, since the rig is in Cuban waters, and the only tenuous tie to the U.S. legal system is the wife's residency in Key West. The situation is volatile; the adversaries are lethal; and the backdrop is a toxic oil slick poised to slime the Florida coast. Black Horizon is timely, relentlessly paced and a thrill ride of the first

A few years ago my friend Jon Brooks supplied this great illustration of skewed interpretation at work. Here’s how investors react to events when they’re feeling good about life (which usually means the market has been rising): Strong data: economy strengthening—stocks rally Weak data: Fed likely to ease—stocks rally Data as expected: low volatility—stocks rally Banks make $4 billion: business conditions favorable—stocks rally Banks lose $4 billion: bad news out of the way—stocks rally Oil spikes: growing global economy contributing to demand—stocks rally Oil drops: more purchasing power for the consumer—stocks rally Dollar plunges: great for exporters—stocks rally Dollar strengthens: great for companies that buy from abroad—stocks rally Inflation spikes: will cause assets to appreciate—stocks rally Inflation drops: improves quality of earnings—stocks rally Of course, the same behavior also applies in the opposite direction. When psychology is negative and markets have been falling for a while, everything is capable of being interpreted negatively. Strong economic data is seen as likely to make the Fed withdraw stimulus by raising interest rates, and weak data is taken to mean companies will have trouble meeting earnings forecasts. In other words, it’s not the data or events; it’s the interpretation. And that fluctuates with swings in psychology.

Manhattan Prep started out as one lone tutor in a Starbucks coffee shop. Less than ten years later, it was a leading national education and publishing business that employed over one hundred people and was acquired by a public company for millions of dollars. How did that happen? We delivered a service that customers liked more than what was otherwise available. They sought us out and rewarded us with their business. We hired more people, grew, and kept improving. This process—a new company filling a need and flourishing as a result—is an example of value creation. It’s the fuel of economic growth, and what our country has been seeking a formula for. It’s the process that leads to new businesses and jobs. Value creation has a polar opposite: rent-seeking. In the 1980s, economists began noticing that countries with ample natural resources experienced lower economic growth rates than others. From 1965 to 1998 in the OPEC (oil-producing) countries, gross domestic product per capita decreased on average by 1.3 percent, while in the rest of the developed world, per capita growth increased by 2.2 percent (for an overall difference of 3.5 percent). This was a surprise—if you had lots of oil in the ground, wouldn’t that give you more wealth to invest and thus spur more rapid growth? Economists cited a number of factors to explain this “resource curse,” including internal and external conflict, corruption, lower monitoring of government, lack of diversification, and being subject to higher price volatility. One other possible explanation on offer was that a country’s smart people will wind up going to work in whatever industry is throwing off money (like the oil industry in Saudi Arabia). Thus fewer talented people are innovating in other industries, dragging down the growth rate over time. This makes sense—it’s a lot easier for a gifted Saudi to plug into the Ministry of Petroleum and Mineral Resources and extract economic value than to come up with a new business or industry. Does this sort of thing happen in the United States? Yes, you can make money through rent-seeking as opposed to value or wealth creation.

One key to African growth is what happens to commodity prices. Many African countries have long been and are still dependent on exports of “primary” commodities, mostly unprocessed minerals or agricultural crops. Botswana exports diamonds; South Africa, gold and diamonds; Nigeria and Angola, oil; Niger, uranium; Kenya, coffee; Côte d’Ivoire and Ghana, cocoa; Senegal, groundnuts; and so on. The world prices of primary commodities are notoriously volatile, with huge price increases in response to crop failures or increases in world demand and equally dramatic price collapses, none of which are easily predictable.

Just before Thanksgiving, I met with Bunker Hunt, then the richest man in the world, at the Petroleum Club in Dallas. Bud Dillard, a Texan friend and client of mine who was big in the oil and cattle businesses, had introduced us a couple of years before, and we regularly talked about the economy and markets, especially inflation. Just a few weeks before our meeting, Iranian militants had stormed the U.S. embassy in Tehran, taking fifty-two Americans hostage. There were long lines to buy gas and extreme market volatility. There was clearly a sense of crisis: The nation was confused, frustrated, and angry. Bunker saw the debt crisis and inflation risks pretty much as I saw them. He’d been wanting to get his wealth out of paper money for the past few years, so he’d been buying commodities, especially silver, which he had started purchasing for about $ 1.29 per ounce, as a hedge against inflation. He kept buying and buying as inflation and the price of silver went up, until he had essentially cornered the silver market. At that point, silver was trading at around $ 10. I told him I thought it might be a good time to get out because the Fed was becoming tight enough to raise short-term interest rates above long-term rates (which was called “inverting the yield curve”). Every time that happened, inflation-hedged assets and the economy went down. But Bunker was in the oil business, and the Middle East oil producers he talked to were still worried about the depreciation of the dollar. They had told him they were also going to buy silver as a hedge against inflation so he held on to it in the expectation that its price would continue to rise. I got out.

In other words, the pungent or spicy flavor is not felt on the tongue but is due to volatile oils stimulating the nose.

Huge untapped reserves of coal and iron ore,” said Carrot. “And fat, of course. The best candles, lamp oils and soap come ultimately from the Shmaltzberg deposits.” “Why? We’ve got our own slaughterhouse, haven’t we?” “Ankh-Morpork uses a great many candles, sir.” “It certainly doesn’t use much soap,” said Vimes. “There are so many uses for fats and tallows, sir. We couldn’t possibly supply ourselves.” “Ah,” said Vimes. The Patrician sighed. “Obviously I hope that we may strengthen our trading links with the various nations within Uberwald,” he said. “The situation there is volatile in the extreme. Do you know much about Uberwald, Commander Vimes?” Vimes, whose knowledge of geography was microscopically detailed within five miles of Ankh-Morpork and merely microscopic beyond that, nodded uncertainly.

The machinery and supply chains that Dubose oversaw were exceedingly complicated. But the economic rules that he lived by remained relatively simple. The rules had not changed for him since he had been an oil gauger roving the backwaters of the bayou on a skiff back in the early 1970s. Dubose knew that his career still hinged on whether he was over or short. When he was an oil gauger, Dubose made sure he was over when he drained small oil tanks. Now he had to make sure he was over on a shipping network that covered many states. The reasons for this had to do with the nature of the pipeline business. Koch made its money in the transportation business by moving oil, not just by selling it. The actual value of the oil in its pipeline was of secondary importance to Koch Industries. What really mattered was ensuring that the oil was moving. When the oil was moving, Koch was paid to collect it and to deliver it. This means that Koch was somewhat protected from the volatility in prices that continued to roil markets during the 1980s.

IT may seem counterintuitive to use uncertainty to quell volatility. But a small amount of uncertainty surrounding short-term interest rates may act much like a vaccine immunizing the stock market against bubbles. More generally, if we view humans as embodied brains instead of disembodied minds, we can see that the risk-taking pathologies found in traders also lead chief executives, trial lawyers, oil executives and others to swing from excessive and ill-conceived risks to petrified risk aversion. It will also teach us to manage these risk takers, much as sport physiologists manage athletes, to stabilize their risk taking and to lower stress.

About half today’s production cost is for precursor material—96% of which is polyacrylonitrile made from oil (propylene) or natural gas (propane), both of which have volatile prices. Carbon-fiber manufacturers are starting to make their own precursors and expect to cut their costs by about 20%. But much cheaper precursors are emerging. Their strands of carbon atoms are commonplace; the trick is removing the other elements and forming the remaining carbon skeleton into long, pure strands. Solve those problems, and carbon fiber could be made from biomaterials like plant fibers, or even from recycled plastic trash. Oak Ridge National Laboratory (ORNL) believes these alternatives could potentially cut carbon-fiber costs by up to 90%,

We are also introduced to metaphors about metaphors: ‘All words are liable to fatigue and exhaustion through overuse, and metaphors are particularly susceptible.’ It is vital to understand the particular point of a particular comparison: when the psalmist tells us that a united family is like oil dripping down Aaron’s beard on to the skirts of his robe, he is not trying to persuade us that family unity is messy, greasy or volatile; he is thinking of the all-pervasive fragrance

Over the last two decades, unconventional oil and natural gas wells have emerged as the dominant source of energy production in the United States. Despite the complexity of drilling these wells and forecasting production volumes, investors in such assets can take advantage of several mathematical principles to reduce the risk in their portfolios. This article dives into the practical application of the Central Limit Theorem and Law of Large Numbers within the energy sector and explores how the characteristics of unconventional reservoirs and diversified assets can work together to reduce production volatility for investors.

just seven years later Henry Ford began to sell his Model T, the first mass-produced affordable and durable passenger car, and in 1911 Charles Kettering, who later played a key role in developing leaded gasoline, designed the first practical electric starter, which obviated dangerous hand cranking (fig. 2.2). And although hard-topped roads were still in short supply even in the eastern part of the US, their construction began to accelerate, with the country’s paved highway length more than doubling between 1905 and 1920. No less important, decades of crude oil discoveries accompanied by advances in refining provided the liquid fuels needed for the expansion of the new transportation, and in 1913 Standard Oil of Indiana introduced William Burton’s thermal cracking of crude oil, the process that increased gasoline yield while reducing the share of volatile compounds that make up the bulk of natural gasolines.

Another thing that can make flour and dairy products so pleasurable and addictive, ironically, is their ability to cause more uncomfortable reactions than just about any other foods. . .They can comfort us from both digestive and/or respiratory distress. Remember how endorphins are released when we've had an injury? Same principle here. . .the body begins to comfort us from this chronic allergic irritation and damage. Ironically, this makes these foods irresistible. . . .After the extraction process, most of [the] beneficial nutrients are gone. What's left are the crystallized concentrate, not unlike other plant concentrates we're familiar with, like cocaine or opium . . . . . .[Vegetable oils are] very unstable - that is, they can become dangerously rancid very quickly. Rancid means oxidized, and in your body, oxidized means damage to your cells and tissues. . . If you eat vegetable oils that are already oxidized from heat and light in processing, you are exposing your own healthy tissues to a volatile substance that will damage them,

cancer is attributed to smoking, approximately a quarter of all cases occur in people who’ve never smoked.21 Although some of these cases are due to secondhand smoke, another contributing cause may be another potentially carcinogenic plume: fumes from frying. When fat is heated to frying temperatures, whether it be animal fat, such as lard, or plant fat, such as vegetable oil, toxic volatile chemicals with mutagenic

Cars. Did you know that the first cars were electric? In 1910 there were more electric-powered cars on the streets of New York than gas-powered ones, and everyone back then assumed that electric cars were the future—they made a lot more sense than the crazy engines that ran on controlled explosions of volatile, toxic chemicals. But Rockefeller funded Ford to make sure that gas-powered cars, not electric, would be the way of the future, so he would have a place to sell his oil.

For most of the past two decades the central goal of energy pricing has been to reduce volatility. Policymakers want to ensure that businesses face a predictable environment, with relatively stable prices for electricity and fuels; in a more predictable environment, businesses are more likely to make large-scale capital investments. The government’s main tools in achieving this stability are state-run firms that convert raw fuel into usable energy: power-generating firms and oil refiners. When fuel prices are high, these companies suffer depressed profits or even losses, because they cannot pass on the full cost increase to their customers. But when prices are low, their profits soar, because they are not required to pass on their full cost savings either. These industries can be thought of as “shock absorbers” that enable the economic car to drive relatively smoothly even when the road is full of potholes.

Here are the indications I look for in Sweet Leaf. The stems should be somewhat flexible and soft, as Gilmore remarks. One should be able to feel the volatile oils on the stalk, leaves, and flowers. The taste should be sweet, pungent, peppery, hot, and (most important) “buttery.” There need to be enough volatile oils to cause this “buttery” sensation in the mouth.

Lavender and rosemary should be cut in the morning, though, when the volatile oils had risen with the sun; it wasn’t as potent if taken later in the day.