All New Wilmott Jobs Board                     (r)

Bloomberg: Russia Discovers Vast Oilfield - Larger Than Gulf of Mexico

Russia's Rosneft Says Exxon Arctic Well Strikes Oil

By Ilya Arkhipov, Stephen Bierman and Ryan Chilcote

Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company.

Russia’s state-run OAO Rosneft (ROSN) said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. (XOM) struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas.

The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today. The well found about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.

“It exceeded our expectations,” Sechin said in an interview. This discovery is of “exceptional significance in showing the presence of hydrocarbons in the Arctic.”

Please read more here.

Database: Comparison of 1,224 Venture Capital Firms

 

Here's a very nice comparison of 1,224 VC firms - including detailed contact information!

You might want to download and print a hard copy of this ASAP.

Some VC's don't like folks to know how to reach them. LOL!

Trading Report: 5 U.S. Banks Each Have $40+ TRILLION In Derivatives Exposure

 

by Michael Snyder

When is the U.S. banking system going to crash?  I can sum it up in three words.  Watch the derivatives.  It used to be only four, but now there are five “too big to fail” banks in the United States that each have more than 40trillion dollars in exposure to derivatives.  Today, the U.S. national debt is sitting at a grand total of about 17.7 trillion dollars, so when we are talking about 40 trillion dollars we are talking about an amount of money that is almost unimaginable....

 

JPMorgan Chase

Total Assets: $2,476,986,000,000 (about 2.5 trillion dollars)

Total Exposure To Derivatives: $67,951,190,000,000 (more than 67 trillion dollars)

Citibank

Total Assets: $1,894,736,000,000 (almost 1.9 trillion dollars)

Total Exposure To Derivatives: $59,944,502,000,000 (nearly 60 trillion dollars)

Goldman Sachs

Total Assets: $915,705,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $54,564,516,000,000 (more than 54 trillion dollars)

Bank Of America

Total Assets: $2,152,533,000,000 (a bit more than 2.1 trillion dollars)

Total Exposure To Derivatives: $54,457,605,000,000 (more than 54 trillion dollars)

Morgan Stanley

Total Assets: $831,381,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $44,946,153,000,000 (more than 44 trillion dollars)

Please read more here and here.

Jerry Maguire: "Help Me, Help You"...

Post-it Note Eating Insider Trader Pleads Guilty

The middleman in a $5.6 million insider-trading scheme passed the illegal tips on post-it notes in Grand Central Station, and then ate the evidence, the SEC claims in court.

Sometimes he passed on the inside information in coffee shops.  There he wrote the tips on a napkin, which he destroyed, sometimes by eating it, the SEC said.

Hey, who needs computers and smart phones. Here's an example of insider trading the low-tech way! LOL!

Please read more on the Courthouse News Service

Priceless!

 

 
 
92 year old lady overwhelmed by so many birthday presents. LOL!
 
 

OIL: The Real Reason Britain's Freaking Out About Scottish Independence?

 

by WASHINGTON'S BLOG

David Cameron and the British media have been freaking out about the potential Scottish independence.

They’ve blathered on about “history”, “common defense” and other red herrings.

But it’s really all about oil …

 

Specifically, if Scotland becomes independent, it gets to keep 90% of the revenues from its huge oil reserves.

The New York Times reports:

Scottish nationalists have long argued that being governed from London has deprived their country of its fair share of the wealth from Britain’s oil and natural gas fields, which mostly lie in North Sea waters off their shores.

“It’s Scotland’s oil” was the rallying cry in the 1970s that helped raise the profile of the Scottish Nationalist Party, which now leads the country and is pushing for a vote to secede in the referendum on Thursday. Alex Salmond, the politician leading the separatist movement, has pointed to North Sea energy as the treasure that would help finance an independent Scotland — ensuring that the country could continue the generous public spending, including free university tuition, that he is promising voters.

Al Jazeera notes:

Massive oil reserves in the North Sea are at the heart of the Scottish independence debate. Many are questioning whether the reserves are just for Scotland or if the rest of the United Kingodm should continue to benefit from their profits.

NBC writes:

The ‘Yes’ campaign … says Scots should have total control of their own affairs and that revenue from Scotland’s offshore oil fields would sustain the country’s economy

 

Please read more here and here.

Shell: Spotlight on Women in the Energy Industry


Webinar Date: September 18th 
Webinar Time: Houston: 07:00 UDT (UTC-5) 
London: 13.00 BST (UTC+1); 
Kuala Lumpur: 20:00 MYT (UTC+8); 

 

Duration: 60 minutes 

 

Presenters: 



Bertie Taylor 

Vice President of Content 
Rigzone 
Webinar Moderator 

Please click here to view Bertie's Bio
  Samantha Harris 

Venture Manager - Europe/Russia/CIS 
Shell 
Webinar Speaker 

Please click here to view Samantha's Bio
Ruth Leach 

General Manager - Retail Engineering 
Shell 
Webinar Speaker 

Please click here to view Ruth's Bio
  Alissa Cotton 

CO2 Implementation Analyst 
Shell 
Webinar Speaker 

Please click here to view Alissa's Bio

 

Please learn more here.

R.I.P. Jazz-Funk Legend Joe Sample

Mr. Joe Sample and the Jazz Crusaders gave some of the best live performances ever!  If they had a concert within a few hundred miles radius of where I lived, I found a way to get there - no matter what.

Thank you Mr. Sample.  Your amazingly beautiful music lives on - forever.  R.I.P. sir!

Straight Talk from Actor Kevin Spacey

 

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