Conference Delivers Good News for Investing in Energy Stocks ...

Three Key Takeaways if You're Investing in Energy Stocks

? The U.S. is Where It's At: The United States has become one of the best places in the world to conduct business in the oil and gas industry, and companies throughout the globe have raced to the country to take part in the new energy boom.

Technologies like fracking that have tapped into vast reserves have erased lingering fears of diminishing energy supplies.

Worries have been replaced by optimism about the abundance of U.S.-produced energy.

According to data from oil field services company Baker Hughes Inc. (NYSE: BHI), oil and gas companies are currently running 1,757 rigs to drill new wells in the U.S. That's far more than the 1,275 wells in operation throughout the rest of the world.

The Energy Information Administration reports the U.S. is expected to average 7.3 million barrels a day of oil production this year, an increase from 6.4 million last year.

Meanwhile, U.S. oil imports have been declining since their 2005 peak. During February, U.S. oil imports averaged an estimated 7.7 million barrels a day, down 1.2 million from the same period a year ago, EIA data shows.

"Unconventional liquid plays helped boost U.S. oil production, which grew by 40% since 2008 - the highest growth in oil output of any country during the period," Yergin explained.

Big economic gains are expected from U.S. shale oil and gas plays.

"We have a strong belief that these shale plays in North America - particularly in the U.S. -
are going to lift the entire U.S. economy by its bootstraps out of its economic malaise and turn the entire economy around over the next five to seven years," said Mark Papa, CEO of Houston-based EOG Resources Inc. (NYSE: EOG).

? China's Moving Away from Coal to Other Fuels: The next several years will bring big changes in China, the world's largest energy consumer, which accounted for 40% of global oil demand growth in 2012.

The Asian nation is drifting from coal to other fuels like nuclear and gas. Currently, coal accounts for 80% of China's power generation. By 2025, the figure is expected to fall to 50% -- 60%.

"We are not going to do away with coal for many decades." Xizhou Zhou, IHS China energy director, said at the conference. But, he added, "We believe the diversification away from coal has already begun."

The U.S. has a competitive edge when it comes to meeting soaring Asian demand for natural gas.

"The U.S. model cannot be easily duplicated. Conditions were right for a shale revolution: Technology and expertise was available, the pipeline infrastructure was very well-developed; the regulatory system was conductive," said Chevron Corp. (NYSE: CVX) Gas and Midstream President Joseph Geagea.

? Russia Could Lose its Place As Top Producer: According to Kuwait Finance House Research, the U.S. will overtake Russia to become the largest oil and gas producing country in 2015.

For two decades, Russia has seen "nothing but surprises" in the energy industry, Thane Gustafson, IHS senior director for Russian and Caspian energy, told conference attendees.

But in 2013, the most surprising thing might be that there are no surprises coming out of Russia, Gustafson said: "2013 looks like an unusually quiet year."

That could change in future years, though.

"Russia ... has the largest combined oil and gas reserves, as well as the highest combined production of oil and gas [in the world]. And in our view, its potential has yet to be realized," BP CEO Bob Dudley said in an opening keynote address at CERAWeek.

He sees "enormous scope" for increasing Russia's production through enhanced recovery in Western Siberia and exploration and production in Eastern Siberia and the Yamal Peninsula.

Russia also has the potential to develop its own shale oil, Dudley said.

"What Russia and the U.S. have in common is that each will require energy investment on an epic scale, undertaken by energy partners who are not daunted by the obstacles and have the resources, experience, capability and appetite for the task," he said.

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Source: http://moneymorning.com/2013/03/12/conference-delivers-good-news-for-investing-in-energy-stocks/

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Lee Hi "It's Over" - Kpop Music Mondays - Eat Your Kimchi

DUH LEE DUH LEE EE EE EE! This week we?re talking about Lee Hi?s ?It?s Over? for Kpop Music Monday. It?s awesome! It?s fun! If you haven?t seen it yet, check it out here, and then sing it in your heads incessantly afterwards

Isn?t this video so odd? It?s a really fun concept. A big grumpy jerky teddy bear. Hilarious. Especially when he Rick-James-to-Charlie-Murphy?s all over the shopping cart. The whole video just looked like loads of fun, and it was fun to watch as well. Match that with the super catch chorus and it?s clear why this video would get so many views so fast.

We also like that the cute innocence of this video is actually cute and innocent, and not lolita-esque, like ?I?m cute and innocent oppa but I?m so sexy!? Lee Hi is just cute, and ? though I know she?s in high school ? I swear, she looks like, 9 years old TOPS in this video. See, what struck us about Kpop a while ago is that it seems so much more innocent than Western Pop music, and that?s what?s part of it?s appeal to us and to a lot of other people, but it seems to be losing that more and more lately. This video, though, harkens back to that sweetness, you know?

One theory we tossed around back and forth when we were scripting for Music Monday, but ultimately scrapped, is that Lee Hi might become Korea?s new sweetheart, now that IU seems to have lost that title, from what we read in the news somewhere a while ago after that whole IUnhyuk thingy. We?re not fully convinced that this is the case, but we?re not fully not-convinced, either. We just abandoned it when we tried to squeeze in an Eunhyuk joke in there, and realized we?d be murdered. Screw that! We?re dedicated to corny jokes, but not that dedicated!

Otherwise, this is the first video that we?ve talked about on our KpopCharts that wasn?t in first place since we announced the Personal-Choice-Among-Top-3 rule. You guise vote for the top 3, we pick one and make our video on that. This rule is, amongst other things, to try to prevent the vast amount of boybands out there from ruling our Kpop Music Mondays, like they did in 2012. Sure, it sucks that we didn?t review U-Kiss this time, but hopefully we?ll review them next week! Uggh. Tumblr ban for the next week!

Anyhow, if you?re a fan of this song like we are (and you definitely must be. This song RAWKS!) pick it up on either iTunes or YesAsia. Do it! And, we were rather on point this week for Music Monday, so we don?t have as many bloopers as usual, but if you?re addicted to watching us mess up, here?s Martina making out with our giant Unicorn a bit too much?

Source: http://www.eatyourkimchi.com/kpop-leehi-itsover/

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Trending Now at SXSW: Wacky developments from world of tech

Here at the South by Southwest Interactive Conference, tons of startups and tech companies are vying to get people's attention. Since we're in Austin, a city known for being weird, it turns out that some of the most interesting and innovative technology being exhibited at the conference also happens to be a little offbeat.

For example, if you ever get tired of 'liking' things on Facebook all the time and want to be a little more negative, there's the 'Hater' App for iOS. Hater's Chief Executive, Jake Banks, says the app was made to, "share the things you hate with the people you love." Users make profiles to upload photos of the things they can't stand- long lines, self-taken photos, or "selfies," and for some, Kim Kardashian. So if you're looking for a way to cut the positivity and just vent a little bit about the things that annoy you, Hater might be for you. It's available for iOS devices now.

If you're looking for a combination of things you never thought you would see, how about Twitter, and cycling? Well, thanks to digital ad company Razorfish, SXSW is overrun with 'tweeting bikes' employing UseMeLeaveMe.com. The bikes tweet both their location using GPS, as well as clever quips like, 'Who needs a ride to their lunch date? Better yet, who needs a lunch date? Find me and I'm all yours." Riders can hop on, take one where they need to go, and leave it for the next person who needs a quick ride.

Finally, we have some technology that might have potential to change the health world. Intelligent M, a startup being featured at SXSW Interactive, addresses one problem that is surprisingly common in hospitals- washing one's hands. According to Intelligent M, 100,000 people a year in the United States alone die because of infections that arise from hospital visits. The company created a wristband that monitors how often and how properly hospital staff are washing their hands, 24 hours a day, 7 days a week. Now that sounds like some cleanliness we can get on board with.

Have you heard of any cool technology you would like to share with us? Tell us on Facebook, or follow us on Twitter, and don't forget to use the hashtag #YahooTrendingSXSW.

[Related: Hear Songs from South by Southwest 2013]

Like us on Facebook.com/TrendingNow, and follow "Trending Now" on Twitter: @Knowlesitall and@YahooTrending.

Source: http://news.yahoo.com/blogs/trending-now/trending-now-sxsw-wacky-interesting-developments-world-tech-230348294.html

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Fleksy Gesture Keyboard Demos Leap Motion Controller Compatibility, Introduces iOS SDK For Third-Party Apps

Fleksy, the keyboard app that doesn't even require you to look at the screen or hit any actual keys to type, is busy at SXSW this week. The startup is showing off its software working with the Leap Motion Controller to provide gesture-based typing input that works just like its iPhone and Android app, but for typing in mid-air. The company is also debuting its iOS SDK this week, which will allow third-party apps on Apple's mobile OS to tak advantage of the unique software keyboard.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/iP6WPya5OEo/

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China's February exports surge but imports fall

HONG KONG (AP) ? China's exports surged more than expected in February in a possible sign of stronger global demand.

Exports leaped 21.8 percent, well ahead of analysts' expectations of single-digit growth as companies shut down for the Lunar New Year holiday, data showed Friday.

Imports fell 15.2 percent, a decline from January's 28 percent growth. That suggested domestic demand might be weakening, but the picture is clouded by the holiday, when companies shut down for up to two weeks.

"We are impressed by China's ability to expand its exports so strongly despite a muted external environment," said Credit Agricole CIB economist Dariusz Kowalczyk in a report.

China's trade growth has been rebounding in recent months in a sign of recovery in the world's second-biggest economy.

Economic growth rebounded in the final quarter of 2012 from a three-year low. The latest trade data might help to reassure analysts who say China's recovery is still shaky and will be too weak to drive a global rebound without a revival in the United States and Europe.

Trade data for January and February are complicated by the Lunar New Year, which falls at different times in those two months each year. Businesses shut down for up to two weeks. Last year, the holiday began in January, making that month's performance look better by comparison this year, while this year the holiday fell entirely in February.

For the combined January-February period, exports rose 23.6 percent compared with the same two months last year while imports grew 5 percent.

February's import decline was also probably caused by falling prices for shipments coming into China rather than stalling demand, Kowalczyk said.

Exports rose to $139.4 billion while imports declined to $124.12 billion, resulting in a global trade surplus of $15.2 billion, compared with a trade deficit of $32 billion in the same month last year.

China usually runs a global trade deficit for at least one month early in the year as factories restock following the holiday shutdown.

Premier Wen Jiabao, the country's top economic official, announced a 7.5 percent annual economic growth target this week. That is below double digit rates of the past decade but in line with Communist Party plans to shift from relying on trade and investment to domestic consumption to drive growth.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-08-China-Trade/id-7748208085be4a3f92193656338eb817

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