Oil key to economic revitalization after Libya’s resurgence

first_imgTRIPOLI, Libya – With the last vestiges of U.S. sanctions swept away, Moammar Gadhafi’s bid to bring Libya back into the diplomatic mainstream has scored a stunning success. Gadhafi’s next goal: an economic revival funded by the doubling of oil production in the coming decade. High-tech U.S. oil-extraction methods should help, as will geography: Libya, on the North African coast, should be immune from disruptions that could snarl the flow of oil from the Persian Gulf. Analysts describe Libya as a country with a bright future, whose emergence from diplomatic isolation is balm to an oil-thirsty world. “Libya and Gadhafi are making all the right moves,” said Dalton Garis, an American oil economist at the Petroleum Institute in Abu Dhabi, United Arab Emirates. “The Libyans have done a lot to normalize things, more than anyone would’ve expected.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsLibya is also one of the few countries with huge oil reserves that is actively encouraging foreign companies – especially American firms – to explore and produce oil. In Bolivia and Venezuela, leaders have joined big oil states such as Saudi Arabia, Iran and Kuwait in reining in foreign oil companies – or booting them out. “It’s a rare opportunity,” said Julius Walker with PVM Oil Associates in Vienna. “There are very few countries with huge reserves like this, where it’s easy to get in.” Libya’s light sweet crude is ideal for refining into gasoline, and its oil fields are far closer to U.S. and European markets than those in the Gulf, where the Straits of Hormuz – a choke point between Iran and Oman – could be blocked in the event of war. On Monday, the Bush administration put Libya back in the game by announcing the restoration of diplomatic relations and Libya’s removal from a U.S. list of state sponsors of terrorism. The move is under congressional review. Libyans displayed mixed reactions to normalized ties with Washington. Abdul-Hakim al-Keeb, who owns an import-export company in Tripoli, said he looked forward to doing business with Americans. “What’s important for us is that travel to the United States becomes easier,” he said. Others said Washington has the most to gain. “I don’t trust America,” said Al-Hadi al-Maqouz, a merchant. “We’ve done without the United States for a long time and we didn’t lose a thing.” Libya’s dramatic rehabilitation comes as the country is emerging from a long period of stagnation. In 1970, the year after Gadhafi deposed King Idris in a coup, Libya’s oil production averaged 3.4 million barrels a day, its highest ever. Production dropped as Gadhafi consolidated power, shut U.S. and British military bases and nationalized oil assets, which restricted oil companies’ roles. Libya’s oil sector bottomed out in the 1980s at 1 million barrels per day. Oil production crept up in the 1990s and currently stands near 1.6 million barrels per day. Now, Gadhafi is seeking $30 billion in foreign investment, aiming to bring production to 1970s levels by 2015 or so. “With the largest reserve base on the African continent, there’s no reason that Libya can’t restore the capacity it had in the 1970s,” said Edward L. Morse at Hess Energy Trading in New York.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Chico State students win national animal science competition

first_imgChico >> A team of animal science students from California State University, Chico made history by winning the American Society of Animal Science’s Academic Quadrathlon at the ASAS annual meeting July 18-19 in Logan, Utah. The team of Julie Allen, Heather Foxworthy, Kenzie Wattenburger and Joel Wisniewski qualified for the competition by winning the Western Section Academic Quadrathlon in April. It was the first time a non-land-grant university won the regional competition and competed at the …last_img

Giants lose 10th straight as injury news gets worse

first_img(Click here, if you are unable to view this photo gallery on your mobile device.)SAN FRANCISCO >> The injuries mount. So do the defeats. And the Giants offense appears to have mostly vanished.For the second night in a row, the Giants went down with barely a whimper, losing to the Atlanta Braves 4-1 on Tuesday before an announced crowd of 35,285 at AT&T Park. It was the 10th loss in a row for the Giants (68-78), marking the longest such streak since 1996. They have never lost 11 in a row in …last_img

How to Alter the Color of Your Video Using Lumetri Curves

first_imgIn this video tutorial, learn to create a cinematic look for your video project by working with Lumetri Curves in Adobe Premiere Pro.In this tutorial, I explore Premiere’s updated Lumetri curves — and how you can adjust, alter, and enhance the colors in your scene to boost your production value. Hue vs. HueWhen filming exteriors at night, your control of the lighting can be limited — especially when you’re surrounded by glowing business signs, tungsten lamp lights, and fluorescent advertisements. By using Hue vs. Hue, you can easily alter the color of any light (or object for that matter). By selecting the eyedropper tool from the Hue vs. Hue dropdown menu, and picking the color you want to isolate, you can simply adjust the hue by sliding the selected curve up or down.Hue vs. SatIf the tones of a light are not floating your cinematic boat, select the color you want to eliminate with the eyedropper tool (yet again), and soften its intensity by dragging the selected keyframe point down on your curves window.These tools are remarkably powerful. Altering the hue or saturation can make a blue wall look teal, a green light look violet, or your skin look as orange as an oompa loompa! With this in mind, explore and experiment. The latest update to Premiere’s Lumetri tools packs a heavy punch when it comes to creating a cinematic look for your projects. Enjoy!Interested in the final results for the video in this tutorial? You can check it out here.Wondering about the tracks we used to make this video?“Play of the Game” by Bedlake“Mountaintop” by Bedlake“Work It” by Ben Beiny“Let Em Ring” by TonemassifLooking for more video tutorials? Check these out.Video Tutorial: How to Use Premiere’s New Freeform View6 New Features in Premiere Pro’s Essential Graphics PanelHow to Perfectly Position Your Content in Premiere Pro 2019Tutorial: Getting Started with Content-Aware Fill in After Effects5 Ways to Animate with Trim Paths in Adobe After Effectslast_img read more

The Power of the Match Cut Sequence in Your Video Edit

first_imgIt’s All about Thinking Ahead!The effectiveness of match cuts depends on the filming process. In the example in my video, I used the crosshairs on my screen to make sure each shot lined up accurately. The key to this method is to line up your subjects as close to each other as possible. For example, when I captured these three portrait shots, I made sure the nose of each person lined up with the center crosshairs on my monitor. That way, when the viewer is watching the match cut sequence, their eyes stay centered and don’t bounce back and forth through the frame. The more aligned your match cuts are, the less disorienting they will be to the viewer.Cutting the Match CutsAfter you’ve captured your shot sequence, it’s time to take it into the editor!For my Tripple Face Match Cut sequence, I layered the second shot on top of the first and third in my timeline. This is to tweak the framing and make the alignment more accurate. I lowered the opacity and aligned the eyes of the first and third portrait shot to the second, using that shot as my guide. Once the eyes matched up, I raised the opacity on the second clip and had a perfectly aligned match cut sequence.You can use this method for all kinds of different cuts, in all types of edits. Try it with faces, buildings, objects, and even sounds!Interested in the track we used to make this video?“Typewriter” by WolvesLooking for more post-production tutorials? Check these out.Stabilizing GoPro Footage with the Unique ReelSteady GO AppEditing Tips: Sorting Footage and Creating Quality TimelinesCreative Uses for Bokeh Overlays + Free Prism Bokeh PackGetting Creative: Five Cool Video Edits that Genuinely WorkLearn to Create Your Own 8-Bit Art in Adobe After Effects Using three different portrait shots in this tutorial, I’ll teach you the basics of using a match cut sequence in your video.In this tutorial, I’ll be using these portrait shots to create a sequence I like to call a “Triple Face Match Cut.”last_img read more

BCCI terminates IPL franchise Deccan Chargers’ contract after team fails to submit 100 crore bank guarantee

first_imgThe Board of Control for Cricket in India (BCCI) terminated the contract of the Indian Premier League (IPL) franchise Deccan Chargers on Friday evening after their failure to pay the stipulated bank guarantee of Rs. 100 crore.The BCCI, in a statement late in the day, stated that concerns over players’ payments and a “sudden change of stance by the franchise” had precipitated the decision.BCCI chief N Srinivasan”BCCI was compelled to hold an emergency meeting of the IPL Governing Council late on Friday evening to discuss certain developments due to the Deccan Chargers’ defaults,” the official statement read.”This evening, the BCCI received a lawyers’ notice invoking arbitration from the franchise, stating that it had not committed any breaches and even if such breaches were committed, the BCCI should not act to terminate the franchise till Yes Bank Ltd furnishes sufficient finance to cure the breaches.DC logo”By this, Deccan Chronicle Holdings Ltd (DCHL) has clearly admitted its inability to cure its breaches within the time stipulated in the BCCI notice despite every bit of assistance from the BCCI. Since the month of May, BCCI has received repeated assurances that the overdue player fees would be paid; all of these promises have been unfulfilled.”Considering the stated position of the Deccan franchise to refuse to rectify the various defaults including payments to players, foreign Boards etc, as also the deleterious effect such conduct would have on the reputation of the IPL and the franchise itself, a decision was taken to forthwith terminate the Deccan Chargers franchise,” the statement said.advertisementEarlier in the day, DCHL, owners of the Deccan Chargers franchiose, had informed that the team had been bought over by Kamla Landmarc Real Estate, a Mumbai-based real estate firm, for an undisclosed amount.Ex-DC owner DCHL also informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) that the board of directors of the company had, at its meeting on Thursday, decided “to sell, transfer/dispose off the Deccan Chargers franchise business to Kamla Landmarc Real Estate Holdings Pvt Ltd”. The BCCI statement did not comment on the sale.The Chargers finished at the bottom of the inaugural IPL, only to win the competition in 2009.last_img read more