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The US rose over the last decade to become the world's largest oil producer. Does the pandemic spell the industry's decline？To get more news about WikiFX, you can visit wikifx news official website.
　　Texas oilman Allan P Bloxsom III still remembers the taunts of “college boy” that greeted him on the offshore drilling rig where his father, desperate for his wayward son to shape up, sent him to work one summer.
　　“Against my wishes I went and it changed my life,” says Mr Bloxsom, now 63 years old and the president of Fort Apache Energy, a small company that operates oil and gas wells in Texas and Louisiana. “I was hooked.”
　　That was decades ago. Since then, his home state of Texas has more than doubled its crude oil output, helping to turn the US into the world's biggest oil producer.
　　But as oil prices tumble - briefly falling below zero in a first last month - following a dramatic drop in energy demand because of the Covid-19 pandemic, the industry is going into reverse.Giants such as Exxon and Chevron and fracking firms such as Diamondback Energy have shut in wells and slashed investment in recent weeks, helping drive down US crude oil production by nearly one million barrels per day from March to April - the third largest monthly decline in a century.
　　Mr Bloxsom cut his typical output of 800 barrels per day by more than half. Others have gone even further.
　　“Right now everything I have is shut down. Everything,” says Bill D Graham, president of Midland, Texas-based Incline Energy, which has 80 wells that in more typical times would about 275 barrels per day.The International Energy Agency expects global oil supply to fall to a nine-year low this month, as producers around the world reduce output in response to prices that dropped by more than two-thirds in April before starting to stabilise.
But even before the coronavirus pandemic hit, the industry was experiencing a supply glut - driven by the US boom - that had depressed prices and prompted strains in oil-producing Texas and elsewhere. The Wall Street money that helped power the fracking growth had grown harder to come by, while big firms were promoting investments in renewable energy.

　　Forecasters at IHS Markit say supply is unlikely to return to 2019 levels until at least 2023. There is a chance that 2019 will have been the high point for global output, should the pandemic permanently reduce energy demand - for example, by increasing telework and reducing business travel.
　　“This is a transformational crisis for the world and what happens to oil will be shaped by the broader forces of change that are coming out of Covid-19,” says Jim Burkhard, the firm's head of oil market research.
　　“There's enough of these variables in play where you don't have to have a doomsday view of the world to consider that oil demand could have peaked in 2019. That's not our base case, but it is our alternative scenario.”
　　'I see it going away completely'
　　In the US, several large US companies have already filed for bankruptcy, with more expected in a sector where debt levels were already dangerously high. Services firms, desperate to survive the crisis, have cut more than 66,000 jobs - almost 10% of total employment - with more reductions likely, the Petroleum Equipment & Services Association industry group estimates.As healthier businesses scoop up the assets of distressed rivals, the industry is likely to emerge with fewer firms and fewer workers.
　　“The future for the small operator like me - I see it going away completely,” says Mr Graham.
　　Mr Graham, whose father started Incline Energy in 1966, says he managed to keep his five staff after securing government coronavirus rescue money. But if the price his oil fetches - which for now is lower than figure traded on financial markets - does not bounce back above $25 by October, those jobs are at risk.
　　“With the wells shut in and zero income, we're just going to have to play a waiting game and see how long we can last,” the 66-year-old says.But Democrats, backed by environmental groups and others concerned about fossil fuel contributions to climate change, have resisted greater assistance for the sector, pointing to already high debt levels among many firms. “It is deplorable to send good money after bad,” Massachusetts Senator Ed Markey, wrote after the Fed's changes.
　　Leslie Beyer, president of industry group Petroleum Equipment & Services Association, says many of her members are already working on renewables and cleaner energy technology. She calls those who hope the pandemic will spell the demise of the industry “misguided”, noting that global population growth and economic development in poor countries will drive continuing demand for oil.
　　“Some people who don't understand the way the industry works ... think now is the time to transition entirely to renewables. There is definitely room for renewables and we need to increase those, but we don't go zero to 60,” she says.
　　“It's important that we don't give up on the ingenuity that created the shale boom. That's what put us in the great position that we're in as the world's largest producer ... We need to maintain that.”
　　But the best days of the industry may be over, Mr Bloxsom says, pointing to the scarcity of young people at conferences.
　　“I have told all four of my kids, 'Do not go into the oil patch,” he says. “Do something else.”

Bollinger Bands, the invention of John Bollinger, is used to measure a markets volatility and identify “overbought” or “oversold” conditions. This little tool tells us whether the market is quiet or loud. When market is quiet, the bands contract and when market is loud, the bands expend.To get more news about WikiFX, you can visit wikifx news official website.
　　It can be seen from picture that the Bollinger Bands is a chart that is displayed over the price. When the price is stable, the bands are close. When the price moves up, the bands spread apart. The upper and lower bands measure volatility, or the degree in the variation of prices over time. The volatility bands automatically adjust according to changing market conditions.


Most charting programs default to a 20-period, which is fine for most traders, but you can experiment with different moving average lengths after you get a little experience applying Bollinger Bands.
　　The concept of standard deviation (SD) is just a measure of how spread out numbers are. If the upper and lower bands are 1 standard deviation, this means that about 68% of price moves occurred recently are CONTAINED within these bands. If the upper and lower bands are 2 standard deviations, this means that about 95% of price moves occurred recently are CONTAINED within these bands.

　　As you can see, the higher the value of SD you use for the bands, the more prices the bands “capture”. You can try out different standard deviations for the bands once you become more familiar with how they work. Honestly, you don‘t need to know most of this stuff to get started. We think it’s more important that we show you some ways you can apply the Bollinger Bands to your trading.
　　If you said down, then you are correct! As you can see, the price settled back down towards the middle area of the bands.
What you just saw was a classic Bollinger Bounce. The reason these bounces occur is because the Bollinger bands act like dynamic support and resistance levels.
　　The longer the time frame you are in, the stronger these bands tend to be. Many traders have developed systems that thrive on these bounces and this strategy is best used when the market is ranging and there is no clear trend. You only want to trade this approach when prices are trendless. So be mindful of the WIDTH of the bands.
　　Avoid trading the Bollinger Bounce when the bands are expanding, because this usually means the price is not moving within a range but in a TREND! Instead, look for these conditions when the bands are stable or even contracting.
　　Bollinger Squeeze
　　The “Bollinger Squeeze” is pretty self-explanatory. When the bands squeeze together, it usually means that a breakout is getting ready to happen. If the candles start to break out above the TOP band, then the move will usually continue to go UP. If the candles start to break out below the BOTTOM band, then price will usually continue to go DOWN.
　　Looking at the chart above, you can see the bands squeezing together. The price has just started to break out of the top band. Based on this information, where do you think the price will go？
　　This is how a typical Bollinger Squeeze works. Setups like these don‘t occur every day, but you can probably spot them a few times a week if you are looking at a 15-minute chart. There are many other things you can do with Bollinger Bands, but these are the two most common strategies associated with them. Go ahead and add the indicator to your charts and watch how prices move with respect to the three bands. Once you’ve got the hang of it, try changing up some of the indicators parameters.

EUR/USD is trading in the red according to the Daily chart, but it is still traded above a major support area, a further drop is far from being confirmed. The pair seems undecided, but I really hope that the US data will give us a clear direction these days.To get more news about WikiFX, you can visit wikifx news official website.
　　The US ADP Non-Farm Employment Change could shake the markets today, the economic indicator is expected around 2850K in June, versus -2760K in May. The fundamentals will take the lead in the last three days of the current week, so you should be careful because the high volatility could ruin your trading account.
　　Also, the US is to release the ISM Manufacturing PMI, Final Manufacturing PMI, Construction Spending, and the ISM Manufacturing Prices later today, some good figures could support the USDs growth in the short term. The FOMC Meeting Minutes report will be published as well tonight, you should be ready for significant movements in the US session.


EUR/USD is still undecided because the US Dollar Index has failed once again to resume its short term rebound, to approach and reach the upper median line (UML) of the major descending pitchfork.
　　The USDX is still traded within the minor up channel, it moves sideways right above the weekly PP (97.18) level and is waiting for the US data to dictate direction. As Ive said in my previous analysis, EUR/USD could drop deeper in the short term only if the USDX will resume its rebound.
　　A USDX‘s valid breakdown from the minor channel followed by a further decline will push the EUR/USD towards fresh new highs. USDX’s bullish reversal will be validated only by a valid breakout above the upper median line (UML) and above the R1 (97.97) level.
　　USDX could edge higher if the US data will come in better than expected today, while poor figures will weaken the USD which it could lose significant ground versus its rivals.


EUR/USD continues to move sideways right above the 1.1200 psychological level, it has failed once again to close below this downside obstacle. Still, EUR/USD is under some bearish pressure as long as it is traded below the upper median line (UML) of the descending pitchfork.
　　Monday‘s failure to reach and retest the upper median line (UML) has signaled a potential further drop, but the sellers weren’t strong enough to force the quote to close below the 1.1200 and to make another lower low.
　　EUR/USD is trapped between the upper median line (UML) and the 1.1200, a valid breakout from this pattern will bring a great trading opportunity and will validate the short term direction.
　　A downside breakout and another lower low, a drop below 1.1167, will attract more sellers on the Daily chart, while an upside breakout from this triangle and a valid breakout above the upper median line (UML) will invalidate a further drop and will validate another leg higher.
　　The minor triangle will be a continuation pattern if EUR/USD will make an upside valid breakout and if the USDX will drop again in the short term. However, a USDX‘s rally will push EUR/USD in the seller’s territory, the pair will extend its corrective phase towards the 1.1 level and towards the median line (ML).

The American cities most dependent on tourism are suffering some of the worst labor markets in the coronavirus recession, with almost one-third of workers unemployed in vacation destinations from Hawaii to the east coast.To get more news about WikiFX, you can visit wikifx news official website.
　　The jobless rate in Kahului-Wailuku-Lahaina in Hawaii and Atlantic City-Hammonton in New Jersey surpassed 30% in May, the highest in any U.S. metropolitan areas, according to data released Wednesday by the Bureau of Labor Statistics. Las Vegas-Henderson-Paradise in Nevada was close behind.
　　Meanwhile, Elkhart, Indiana -- known as the recreational vehicle capital of the world -- saw one of the biggest labor-market recoveries in May, as its jobless rate fell back to 11.9% from almost 30%. RV plants have reopened to cater for surging demand, as vacation-seeking Americans shun crowded planes and hotels in favor of a more socially distanced kind of tourism.
　　“We have seen an incredible rebound and retail demand and dealer demand,” said Michael J. Happe, chief executive of RV-maker Winnebago, in an earnings call last week. Thor Industries, an Elkhart-based RV builder, has seen its stock surge more than 200% from March lows.


In general, tourist economies that rely on visitors flying in have been hit harder than those where more people come by car, said Mark Vitner, senior economist with Wells Fargo & Co. While there are signs of revival in some beach resorts and areas near national parks, “the recent surge in infections may put this rebound at risk,” he said.
　　Nationwide, unemployment eased to 13.3% in May and is forecast to extend the drop to 12.5% in the June jobs report, due out on Thursday. The BLS said the actual rate was somewhat higher after adjustment for data-collection discrepancies.

For a long time, Blizzard controlled the in-game economy of WOW Classic very strictly, take WOW Classic Gold for example, not any three-party is allowed to trade with gold outside the game, so this is undoubtedly a shocking news that WOW Classic will allow to use Token for Chinese players, for it, the western markets have retained two different comments.To get more news about WoW Classic Items, you can visit lootwowgold news official website.

Token, which has been frequently used in World of Warcraft to buy and sell toward the whole game time, simply put, this is an object or a??moneya?? to redeem for valuable items.

It can also be described like this: one player purchases a token for $20 for the first time, and then sells it to others in the Auction House for much WOW Classic Gold and more game time, which is definitely more valuable than only $20.

Since its first release, the number of registered users in WOW Classic has been steadily increasing. In the past three months, the subscribers has more than doubled from the previous quarter while Blizzard is adding new content for it.

However, there are still some players who are not satisfied with the in-game economy, so Blizzard adds the Token system to purchase monthly subscription to the game, and Blizzard will provide the Token for the first time to Chinese players of WOW Classic.

What are the Tokens considered?

On the one hand, this is considered to destroy the in-game economy in some western countries, and it makes the entire WOW Classic too commercial. On the other hand, some optimists insist that the Token will make the currency circulation in WOW Classic smoother and promote faster trade between players.

Anyway, the Token is only available in China and will not affect the game experience of western players, whether it will reach the western market in the future, it is still unknown.

Beyond that, gold is a more important currency in WOW Classic, and the value of Token is ultimately reflected in gold. Compared to the single way of buying Tokens with real money, there are many methods to gain WOW Classic, mainly in farming.

Cheap WOW Classic Gold is now on sale at , the worlda leading secondary supplier, providing consumers with a variety of in-game currency for a long time, safe and reliable.

Nearly one year has passed since the release of World of Warcraft Classic, apart from the basic game content, Blizzard has not developed any events. This time, World of Warcraft eSports posted and revealed that it would present the Summer Bowl in World of Warcraft Classic, inviting players to participate in.To get more news about WoW Gold Classi, you can visit lootwowgold news official website.

At BlizzCon 2019, Blizzard announced that it will release the eighth expansion of World of Warcraft in 2020, Shadowlands, to replace the existing one Battle for Azeroth. But due to the coronavirus pandemic, part of development work has been delay, now, it is finally coming.

It has been confirmed that WOW Shadowlands Details would be released on Tuesday, June 9 at 9 AM. Until then, we could learn the detail about the new expansion like release date or gameplay. In order to watch the reveal event, you could access to the World of Warcraft Twitch and YouTube channels on time, when the producer John Hight and director Ion Hazzikostas would provide a new look at Shadowlands.With Shadowlands, it will make huge change to World of Warcraft, reducing the level cap to 60 from 120, and adding the controller support to the expansion. Also, more details about the expansion will actually be discussed during the event.

If you want to know more, please pay attention to the livestream, we will sort out the relevant information and notify every fan in time.

Not only will the site provide news and guide for World of Warcraft for free, it is also a professional secondary market operator of in-MMORPG virtual currency and equipment, mainly in World of Warcraft or Classic version.

Blizzard will show off more of WoW's new expansion during a livestream event on June 9. Here's when it starts and how to watch it.To get more news about WoW Gold Classic Cheap, you can visit lootwowgold news official website.

Blizzard Entertainment is gearing up to reveal more of World of Warcraft's Shadowlands expansion. The developer has confirmed it is hosting a livestream reveal event on June 9 where executive producer John Hight and game director Ion Hazzikostas will provide new visual effect at the expansion. Here's when the Shadowlands reveal event starts and where you can watch it. It will be one of the first major reveals on the game's content and what fans can expect.The World of Warcraft: Shadowlands reveal event stream begins on June 9 at 9 AM PT/12 PM ET, and you can watch it on the World of Warcraft Twitch and YouTube channels. Game medias will also carry the stream as part of our Play For All campaign. Hight and Hazzikostas will give the presentation from their homes due to the COVID-19 pandemic.

Shadowlands is the eighth expansion for WoW, and it is scheduled for release in 2020. As its name suggests, the expansion takes players to the world of the dead. Unlike all the previous expansions, Shadowlands actually reduces the level cap to 60, down from 120, as part of a unique twist. Unlike some other MMOs, World of Warcraft never made the jump to consoles. However, the game is getting controller support with the Shadowlands expansion.

Blizzard typically makes more World of Warcraft announcements during BlizzCon each year, but 2020's show has been canceled due to the pandemic. Blizzard is instead looking to host a virtual BlizzCon in early 2021.

One woman here in the east is getting the chance to buy her first home after winning big on a lottery ticket.Get more news about 彩票免费包网,you can vist loto98.com

After running errands Tuesday, Annie Hart stopped at Walmart on Western Boulevard in Jacksonville and purchased two scratch-off tickets.

Later that afternoon she decided to scratch her tickets and found she won $40.00 on the first. She then moved on to her Lucky $25.00 Extreme Cash ticket and won $100,000.

Hart has worked in food services at Camp Lejeune for 37-years and claimed her prize in Raleigh Wednesday.After state tax withholdings she took home $70,757.

Hart says she plans on buying a home with her winnings.

Extreme Cash launched in March with three top prizes of $1 million and 10 prizes of $100,000. One $1 million dollar and three $100,000 prizes remain.A Nebraska Pick 5 lottery ticket worth $162,000 for the Thursday drawing was sold in Lincoln.

Nebraska Lottery officials say the ticket was sold at the Super Saver off of 27th and Cornhusker. The winning numbers were 11, 14, 29, 35 and 37. If you think you have that winning ticket, check it at any Nebraska Lottery retailer,

Winning tickets expire after 180 days and prizes of $20,000 or more must be claimed in person at the Lottery headquarters here in Lincoln.

The person who bought a lotto ticket in Menasha last July won a six-figure prize. But the ticket-holder will never see the money.Get more news about 彩票包网开版,you can vist loto98.com

Unfortunately for the winner, the ticket wasn't claimed with the Wisconsin Lottery on time, meaning the $100K is now gone. The deadline to claim the prize was Friday..

"The winner did not claim the ticket by close of business (Friday)," said Kailey Bender, Wisconsin Lottery spokesperson.

"Prizes not claimed within 180 days after the drawing are forfeited. The value of unclaimed prizes is credited to the Wisconsin Lottery property tax relief fund," Bender said.Last July, a customer of Citgo AV Food Mart, 975 Racine St., Menasha, bought an "All or Nothing" Lotto ticket. The odds of winning the $100,000 top prize are 1 in 352,716.

“All or Nothing” was launched April 7, 2019, and is the state’s first new Lotto game in five years. There have been 26 $100,000 top prize winners.

Seventeen winners won by matching none of the numbers and 9 winners won by matching all 11 numbers.The winning ticket sold in Menasha matched none of the 11 drawn numbers.

We'll likely never know why the ticket went unclaimed. The ticket could have been lost, or it could have been tossed in the trash because it was deemed to be worthless.

Video shows Shanghai Tower spring massive leak


Videos surfaced on Monday (July 6) after tenants from the 9th to 60th floors of Shanghai Tower, the tallest building in China, found themselves drenched with leaking water.To get more shanghai news, you can visit shine news official website.

According to local Chinese media reports, the leaks inside the massive tower started on Monday. The water leaks were so severe that many videos show "rain" and "waterfalls" dropping down from the ceilings, ruining office equipment and electronic devices.

On its official Weibo page, Shanghai Tower stated that the water leaks were caused by an equipment failure within the building. It claimed that after the failure occurred, the building staff immediately began emergency repairs.

The tower claimed that the problem has been fixed, but in order to ensure the safety of its operations, a comprehensive inspection will be carried out on equipment on the floor where the leak originated. It stated that for the sake of safety, some elevators were shut down temporarily, which affected operations for some tenants.

However, many Chinese netizens were swift to criticize what they consider a sign of typically shoddy workmanship frequently witnessed across the land:

"Awesome, my tofu dregs.""Local reports say the leakage has nothing to do with the rainstorms. Then I wonder where all the water came from?"

"With Water Curtain Cave, it's time for the Monkey King to appear.""This is what you get with tofu-dreg projects."

Shanghai Tower is 121 stories tall and climbs to a height of 632 meters, making it the tallest building in China and the second-tallest in the world, behind only the 828-meter tall Burj Khalifa. The building cost a cool 14.8 billion Chinese yuan (US$2.1 billion) to build and was completed in 2014.
An exhibition featuring cultural relics of Chinese maritime firearms opened at the China Maritime Museum in Shanghai on Sunday.
More than 130 pieces or sets of items collected by the museum were displayed at the event to mark the 10th anniversary of the opening of the national maritime museum.
Some of the precious relics on display were from the Yuan Dynasty (1271-1368) and the Qing Dynasty (1644-1911) and some were showcased to the public for the first time, according to Li Xuemao, curator of the exhibition.
The special exhibition consists of five parts to show the historical features of China's maritime firearms and the development of the nation's maritime science and technology, according to the museum.

Compounds in Chinese Herbal Medicine May Treat Parkinson’s



Zhichan powder, a traditional Chinese medicine, contains several active compounds that may be of therapeutic value in Parkinson’s disease, researchers suggest.To get more news about herbal medicine, you can visit shine news official website.

Their study, “Network Pharmacology Analysis on Zhichan Powder in the Treatment of Parkinson’s Disease,” appeared in the journal Combinatorial Chemistry & High Throughput Screening.

Parkinson’s is characterized by the death of dopamine producing-nerve cells — those responsible for releasing the neurotransmitter dopamine — in the substantia nigra, a brain region that regulates muscle movement and coordination.

In Chinese traditional medicine, Zhichan is used to treat patients with Parkinson’s disease. Zhichan prescriptions are comprised of mix of herbs, including astragalus, ginseng, baishouwu, teasel, magnolia, Jurchen child, and chuanxiong.
A previous study in Parkinson’s patients suggested that Zhichan powder helped to ease disease symptoms, especially gait disturbances, tremor, speech disorder, poor self-care ability, and restricted movement.

Its therapeutic effects are thought to be related to its antioxidant properties. A preclinical study conducted in a rat model of Parkinson’s found that Zhichan powder was able to regulate the activity of two enzymes — monoamine oxidase B and tyrosine hydroxylase — in the substantia nigra. Treatment boosted the release of dopamine, resulting in a neuroprotective effect.

Yet, it is still unclear which bioactive molecules are behind Zhichan’s observed effects.

A team of researchers at the China-Japan Union Hospital of Jilin University, analyzed data from the Traditional Chinese Medicine Systems Pharmacology database — a platform of Chinese herbal medicines that captures the relationships between medicines, targets, and diseases.

Using a computational method, they were able to screen for Zhichan active compounds that could have a therapeutic effect in Parkinson’s disease.“We identified 18 major active components in Zhichan powder through the screening method,” Jiajun Chen, a study author, said in a press release.

The computational approach allowed researchers to visualize clusters of chemical compounds in the Zhichan powder that seemed to have promising molecular activity.The team believes there is a strong link between Zhichan’s chemical composition and treatment targets for Parkinson’s disease.

“Our results provide a new perspective and method for revealing the mechanism of action of Traditional Chinese Medicine prescriptions,” the researchers concluded.