Mr. Bobby Caldwell

A friend of mine just told me that I used to walk around U.C. Berkeley's math department singing this Bobby Caldwell song. I guess I was in my own little math geeky world - oblivious to the fact that I was disturbing the peace. LOL!

Bobby Caldwell has what is known as blue-eyed soul. Enjoy!

European Oil & Gas Company Looking for Finance Director


A global business that provides services to the Oil and Gas sector is assisting with the recruitment of a Finance Director who would be responsible for the management of the finance function, for a key business segment within the organization. 

Education & Experience 

• Degree in finance / accounting with an MBA (desirable) 
• Extensive experience in managing a finance function with exposure to project cost control in an international environment. 
• Oil and Gas sector experience. 
• Experience in an accounting consultancy firm is desirable. 

Please read more here.

Price of "Black Gold" (Oil) Set to Soar?

by Chad Shoop

...the U.S. Energy Information Administration (EIA) believes the risk of oil is to the upside. They have a low-range price of oil at $75 by 2040. Its high range … is $237 per barrel. Considering the price of oil was $110 when they made these determinations, this range represents a 30% swing to the downside or a 110% curve to the upside...

Please read more here.

Forbes: U.S. Hikes Fee To Dump Your Passport By 422%


by Robert W. Wood


Over the last two years, the U.S. has had a spike in expatriations. It isn’t exactly Ellis Island in reverse, but it’s more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of Americans renouncing. The Treasury Department is required to publish a quarterly list, but these numbers are under-stated, some say considerably.

The presence or absence of tax motivation is no longer relevant, but that could change. AfterFacebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob Casey introduced a bill to double the exit tax to 30% for anyone leaving the U.S. for tax reasons. That hasn’t happened, but taxes are still a big issue for many.

To leave America, you generally must prove 5 years of U.S. tax compliance. If you have a net worth greater than $2 million or average annual net income tax for the 5 previous years of $157,000 or more for 2014 (that’s tax, not income), you pay an exit tax. It is a capital gain tax as if you sold your property when you left. At least there’s an exemption of $680,000 for 2014. Long-term residents giving up a Green Card can be required to pay the tax too.

Now, the State Department interim rule just raised the fee for renunciation of U.S. citizenship to $2,350 from $450. Critics note that it’s more than twenty times the average level in other high-income countries. The State Department says it’s about demand on their services and all the extra workload they have to process people who are on their way out.

Hmmm... So Uncle Sam will let you in for free.  Just sneak across the southern border.  But, better not try getting outta here. You will have to pay though the nose! What is this - the new IRON CURTAIN? SMH!

Please read more here.

Fuel Fix: Uncle Sam Collects $110 Million From Offshore Oil Auction

by  Jennifer A. Dlouhy in OffshorePolitics/Policy

WASHINGTON — Oil and gas companies are set to pay the government $110 million in high bids for leases in the western Gulf of Mexico, after an auction Wednesday that underscored the industry’s interest in deep-water territory.

Fourteen companies participated in the sale, which nominally put 21 million acres up for grabs, though ultimately, just 81 blocks spanning 433,823 acres were sold.

The industry’s interest was concentrated on the Alaminos Canyon area and territory near the U.S.-Mexico maritime border that had been off limits for development while the two countries enacted a treaty to govern oil development. 

Please read more here.

IMF Chief Christine Lagarde Charged With "Negligence" Over Multi-million Dollar Graft Case

Paris (AFP) - IMF chief Christine Lagarde, one of the world's most powerful women, announced Wednesday she had been charged with "negligence" over a multi-million-euro graft case relating to her time as French finance minister.


The shock announcement came a day after she was grilled for more than 15 hours by a special court in Paris that probes ministerial misconduct, the fourth time she has been questioned in a case that has long weighed upon her position as managing director of the International Monetary Fund.

Please read more here.

More R&B from Asia - especially for Luther Vandross' fans!

Stanford Professor Maryam Mirzakhani: First Woman to Win the "Nobel Prize" of Mathematics


For the first time in history, a woman has received the highest honor in mathematics, often nicknamed the Nobel Prize of mathematics.

Since it was established in 1936, the Fields Medal had gone only to men, until Wednesday, when Maryam Mirzakhani received it in Seoul, South Korea, from the International Mathematical Union.

"This is a great honor. I will be happy if it encourages young female scientists and mathematicians," Mirzakhani said, according to a statement from Stanford University, where she is a professor.

Please read more here.

Michael Jackson: "They Don't Care About Us"

McKinsey Report: Digitizing Oil & Gas Production


The authors of a recently published McKinsey report believe further automation can play a major role in addressing the following challenges in the oil and gas industries:

More complex operations. Increasing volume and complexity in hostile, remote locations (for example, arctic, offshore, and deepwater) require reliable remote and automated or semiautomated operations, and logistics optimized for efficiency. Mature assets with declining production need very efficient maintenance schedules to keep production profitable.

Zero tolerance for health, safety, and environmental incidents. This is a nonnegotiable imperative. Recent industry experience has shown that in the current highly regulated environment, such incidents can threaten not only profitability but also the very existence of an operator. Automated production control, monitoring the condition of the equipment, and predictive shutdown systems are now basic requirements to prevent or mitigate catastrophic events in geographically dispersed remote operations.

The talent and experience gap. The industry is in the most dramatic demographic shift in its history, commonly referred to as “the big crew change.” Thousands of petrotechnical professionals will be retiring soon, resulting in a knowledge and experience crisis for the industry. Retention and recruitment are unlikely to fill the gap completely. This development drives efforts to codify many routine analysis and decision-support processes and, where possible, to automate them.

Please read more here and here.