US Gulf Coast Price an Appropriate Reference for Petrojam – Paulwell

first_imgUS Gulf Coast Price an Appropriate Reference for Petrojam – Paulwell TechnologyMarch 2, 2012 RelatedUS Gulf Coast Price an Appropriate Reference for Petrojam – Paulwell RelatedUS Gulf Coast Price an Appropriate Reference for Petrojam – Paulwell RelatedUS Gulf Coast Price an Appropriate Reference for Petrojam – Paulwell FacebookTwitterWhatsAppEmail Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell has defended the use of the US Gulf Coast (USGC) Reference price system by Petrojam in the pricing of its products. Mr. Paulwell noted it has been suggested that the USGC reference price in the pricing formula should be replaced by Caribbean parity prices, on the premise that the Caribbean parity price would result in a decrease in gasoline and other product prices in Jamaica. “This argument reflects a fundamental misunderstanding of the oil market. In the same way that the U.S. dollar is accepted as the medium of exchange for most international transactions, the USGC reference price is accepted and used by all market participants in this region of the world to price their products,” the Energy Minister said. The Minister was responding to questions posed by Opposition Member of Parliament for St. Catherine North Eastern Mr. Gregory Mair in the House of Representatives on Wednesday (February 29). Mr. Paulwell further explained that the Caribbean Parity prices are themselves derived from USGC reference prices and are likely to be resisted by suppliers who would likely seek to protect themselves by imposing an additional price premium to reflect reduced liquidity and transparency. “Petrojam’s ex-refinery price is based on a logical arrangement that is indexed to international product prices, and incorporates taxes and business costs to arrive at the final product price. This approach has been demonstrated to provide the most realistic and fairest way of determining product prices and is widely used throughout the world,” the Energy Minister said. Petrojam’s ex-refinery prices are adjusted weekly to ensure that local prices are consistent with prices in the international oil market. The main input to the ex-refinery pricing formula is the USGC Reference price for the product such as gasoline.  The USGC Reference price represents the cost of the product in the largest geographical market of relevance to trades in the Caribbean/Central American/South American area. Other critical components of the ex-refinery price include logistics costs and Government of Jamaica Taxes, which vary with the price of oil. “The USGC is an appropriate pricing reference for several reasons including the size, transparency andliquidity of the market. Mexico, Venezuela and Trinidad, Petrojam’s main trading partners, also use the USGC prices to determine the value of their petroleum products,” Mr. Paulwell stated. By Latonya Linton, JIS Reporter Advertisementslast_img read more

Samohi student heads to National Shakespeare Competition

first_imgHomeNewsEducationSamohi student heads to National Shakespeare Competition Apr. 09, 2018 at 5:01 amEducationNewsSamohi student heads to National Shakespeare CompetitionAngel Carreras3 years agodaily pressNewsSanta Monicasanta monica daily presssanta monica news If all the world’s a stage, then Judy Durkin is one of its best players in the realm of Shakespeare performances. The Samohi senior recently beat out over 20,000 students to advance to the National Shakespeare Competition finals where she’ll represent Santa Monica and Los Angeles County later this month in New York.“The experience is really exciting from start to finish,” Durkin said via email about climbing her way to the top of the National Shakespeare Competition (NSC). “Getting to perform onstage at Lincoln Center is a dream come true.”At the NSC, high school students from across the country read, analyze, and perform Shakespeare pieces ranging from tragedy to comedy and sonnets to monologues in three qualifying stages: school, community, and national. Prizes this year include a grand prize of a scholarship and airfare to attend the Royal Academy of Dramatic Art Young Actors’ Summer School, a runner-up award of scholarship and airfare to attend the American Shakespeare Center Theatre Camp, and for third place, $500.Durkin’s first became enamored with Shakespeare and performing arts when her father took her to a production of A Midsummer Night’s Dream when she was just four years old. Durkin was forever changed by the play, a pivotal moment in her life that left her “star-struck and enthralled” by the production, sparking a life-long love of Shakespeare as both a performer and student.While attending Samohi, Durkin was urged at the behest of her friend to audition for the school’s sonnet competition, her friend knowing she was fond of Shakespeare. Durkin performed Sonnet 18 for a room full of judges and most importantly, Chon Lee, an English teacher who would eventually become her mentor.Lee was wowed by the performance and Durkin’s grasp of the language (iambic pentameter ain’t easy), calling Durkin a “shining star” with a talent that’s “an anomaly” among students at Samohi and well, anywhere.“I’ve never seen anything like it,” Lee said in a phone call. “She had that exposure (to Shakespeare) at that young age and uses it to her benefit. It helps not just with her essays and analytically, but also her use of it as a performer. It takes on a different light. She’s very gracefully taking her sense of the language and using it to deliver a powerful performance.”In his mentorship of Durkin, Lee has helped sharpen Durkin’s skill set in many ways: Furthering her understanding of Shakespeare’s “intricate writing,” studying different scenes and monologues consisting of wide-ranging tone, and keeping Durkin off balance with cold reads, giving her random Shakespeare monologues (male and female characters) to perform at a moment’s notice.“She’s performed before under pressure, and with cold reads, there’s no time to prepare,” Lee said. “She’s able to use that to her advantage. It’s one thing … to look at a play or speech and analyze it on paper, but when you enact a text, bring it to life and make the words sing, it’s rare. Judy can do that. It’s a strong talent and rare gift.”With her flair for the dramatic and expert guidance from Lee, Durkin has dominated competitions.Durkin reached national finals her junior year of high school and she’ll be there again this year, the first person to appear in back-to-back finals of the Los Angeles regionals in the NSC.“This has never happened in Los Angeles ESU (English Speaking Union, the host of the NSC) history,” Lee said.Although the stakes are higher and the odds stacked against her at the national level, Durkin isn’t fazed–she’s just happy to bring her favorite author’s words to life on a grand stage.“Any chance to perform Shakespeare’s work is an opportunity I will never hesitate to take,” Durkin says. “Now that I have a year of the competition under my belt, I find it easier to relax and really take time to appreciate my performances.”Surely, the famous playwright would’ve been proud.The National Shakespeare Competition takes place on April 23 in New York City at the Lincoln Center Theater.Tags :daily pressNewsSanta Monicasanta monica daily presssanta monica newsshare on Facebookshare on Twitteradd a commentEarthTalkCity Council to review tax sharing agreements with SMMUSDYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall10 hours agoNewsCouncil picks new City ManagerBrennon Dixson21 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter21 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor21 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press21 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press21 hours agolast_img read more

Koga takes advantage of Fudo’s struggles to win Tour Championship

first_img GET THE BEST OF THE JAPAN TIMES IN FIVE EASY PIECES WITH TAKE 5 Koga teed off trailing Fudo by five strokes but the 25-year-old fired a flawless 67 and claimed her second title of the season after playing partner Fudo struggled to a 2-over 74 at Miyazaki Country Club.Buoyed by a sizzling 66 on Saturday, Koga started to close the gap with three birdies in a row from the second hole while six-time money title winner Fudo faltered with bogeys either side of a birdie on the fourth.“Because my playing partner was Fudo-san the five-stroke deficit at the start felt more like 10 strokes,” said Koga, who claimed her seventh career title with a 13-under 275 total.“But I was able to improve my score in the first half of my round and that’s when I thought maybe I would be able to go all the way.”Momoko Ueda, who became the youngest money title winner on the JLPGA tour after winning her fifth title of the year at last week’s Daio Paper Elleair Ladies Open, carded a 72 and finished fifth on 285. center_img MIYAZAKI – Miho Koga took advantage of a late collapse by overnight leader Yuri Fudo to register a two-shot victory at the season-ending Japan LPGA Tour Championship on Sunday.Stephen Ames, right, battles Fred Couples with a hockey stick on the ninth hole during the Skins Game on Saturday in Indian Wells, Calif. Couples enters the final day of the event in the lead. AP PHOTOlast_img read more