Esteban Galarza

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The U.S. Could Soon Reclaim the World's Oil Crown

It’s a gusher.<p>U.S. oil production could reach 11.8 million barrels a day next year, the U.S. Energy Information Administration predicts in its July …

Brazil oil worker strike gains steam in another blow to government

RIO DE JANEIRO/SAO PAULO (Reuters) - A 72-hour strike by Brazilian oil workers halted refineries and rigs on Wednesday, union leaders said, a new blow to President Michel Temer on the heels of a trucker protest that has strangled Latin America’s largest economy for over a week.<p>An oil worker points …

Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). Analysts have predicted that U.S. could become the world’s largest oil producer in 2018, surpassing Saudi Arabia and …

When Grandma and Grandpa join the frenzy, you know bitcoin is turning into a bubble

One day in 2013, when the price of bitcoin had crashed to $600 from $1,200 in a matter of hours, I wrote that this showed that the virtual currency was a dumb investment.<p>Three months ago, when the price hit $5,000, I again called it a dumb investment.<p>So what about now, with bitcoin trading at about …

Cryptocurrency

Quotes From Socrates That Are Full Of Wisdom

If you’ve ever fallen in love, you would know how good it makes you feel. It’s an exciting and at the same time terrifying sensation. You might be …

4 Rare (and Brilliant) Things Smart Leaders Do to Get Respect

The most unique leaders demonstrate some rather unusual behaviors not commonly seen in the corporate world. Is it any wonder they're so wildly successful?<p>Think about the great entrepreneurs who fuel success and make the business world go around. People like Tony Hsieh, CEO of Zappos, Jeff Bezos, …

Can economic globalisation continue, despite the populist push-back against social globalisation?

Does the populist revolt now sweeping across the developed world mean that globalisation will be reversed? Donald Trump was elected on the back of …

OPEC Production Cuts and The Long Road To Market Balance

Global oil inventories are falling because of OPEC and non-OPEC production cuts but the road to market balance will be long and unpredictable.<p>Production cuts have removed approximately 1.8 million barrels per day (mmb/d) of liquids from the world market since November 2016 (Figure 1).<p>Saudi Arabia …

What OPEC Really Thinks About Current Oil Prices

Last fall, OPEC sent shock waves through the oil market by agreeing to its first output cut in eight years. That decision marked a notable policy shift by the oil cartel, because it meant theabandonment of its pump-and-dump strategy, which it instituted in an ill-fated attempt to push high-cost …

7 unforgettable leadership lessons from the ancient Roman conqueror Julius Caesar

<b>• Julius Caesar was assassinated on the Ides of March over 2,000 years ago.</b><p><b>• Caesar held a number of roles over the course of his career, serving as a high priest, general, and dictator.</b><p><b>• His actions and assassination contributed to the downfall of the faltering Roman Republic.</b><p>Julius Caesar had a …

World History

Break Bad Habits with a Simple Checklist

When we’re starting out on a new goal, we’re full of energy and enthusiasm. We eagerly make changes and take steps in our new direction in the first few weeks. But as time goes on, the newness wears off. Our energy drains, and we lose sight of our goal. Ultimately, we slide back into the status quo.<p>…

Why Leadership Is All About Finding an Employee's Most Valuable Contribution

Great leaders look for ways to bring out the best in their employees.<p>Everyone has value.<p>That's a dogmatic statement--some might disagree with me. Maybe you would say there are people who do not have value at all or who make a smaller contribution than others.<p>Without getting too moralistic about the …

Leadership

If You Want to Motivate Employees, Stop Trusting Your Instincts

Few topics have received more attention in talent management than motivation, defined as the deliberate attempt to influence employees’ behaviors with the goal of enhancing their performance, and in turn their organizational effectiveness. Indeed, other than talent, motivation is the key driver of …

40 Awesome Ways to Be an (Even) Better Leader

There is no better time than right now to question your current standards of leadership and set new, extraordinary ones for yourself.<p>You're a good leader. You run a good organization. You have a good product and a good brand. You have good customer service. Your sales are good. You have good people …

3 Errors CEOs Make with Their Executive Teams

An organization is only as good as the relationship between the CEO and the executive team. Take the lead to avoid these common missteps.<p>The executive team is the most important unit in the company. CEOs and their executive teams have a symbiotic relationship, with mutual cooperation required for …

Starbucks CEO Howard Schultz is stepping down

Schultz will be replaced by Starbucks' president and COO, Kevin Johnson, effective April 3. Johnson has been a member of Starbucks' board of directors for seven years.<p>Schultz will be appointed executive chairman. According to the company, he will shift his focus to Starbucks' higher-end Reserve …

Howard Schultz

Positivism | philosophy

<b>Positivism</b>, in Western philosophy, generally, any system that confines itself to the data of experience and excludes a priori or metaphysical …

4 Simple Questions Emotionally Intelligent Leaders Always Ask Their Employees

They're also great for fostering open dialog and developing meaningful work relationships.<p>I've written often on the power of transparency--the backbone of trust--that brings teams together to produce great work. Trust simply cannot happen without it.<p>And if you're in a leadership role, I caution …

Oil Markets: Iran's New Message

Iran wants “fair” oil prices – and says they are good for both producers and consumers.<p>That’s the new message Iranian President Hassan Rouhani sent to oil markets during a meeting with his Venezuelan counterpart Nicolas Maduro in Caracas on Friday. No discussion about pre-sanction market share was …

Troubled OPEC: Could Nigeria Swing Oil Markets?

With oil markets hemorrhaging for more than two-and-a-half years amid the worst oil market in arguably a generation, two weeks ago it appeared that Russia and OPEC de facto leader Saudi Arabia, the world’s top two oil producers, could possibly and finally agree on an oil production cap at a planned …

Turns Out That Oil Prices Don't Matter

Oil is not just the fuel that runs our cars. It’s also the fuel that runs our economies.<p>Petroleum is a feedstock for plastics and petrochemicals. It provides heat and electricity. And of course, it provides the primary means by which we move all of the goods we produce, and the workers who produce …

Oil

Ireland Jails Three Top Bankers Over 2008 Banking Meltdown

Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent …

World Bank raises 2016 oil price forecast on supply outages, robust demand

NEW YORK (Reuters) - The World Bank raised its crude oil forecast for 2016 to $43 a barrel on Tuesday, from $41 a barrel, citing supply outages and robust demand in the second quarter.<p>A general view of the Cardon refinery which belongs to the Venezuelan state oil company PDVSA in Punto Fijo, …

Oil Prices: Lower For Longer ... And Then What?

Most of the time, Americans are only conscious of oil prices when they visit the gas pump.<p>When prices took a sharp tumble in early 2016, it was good news for drivers. Hey, let’s plan a longer road trip this year!<p>But like most things in life, low oil prices have pros and cons. While consumers …

7 Takeaways in the Success of Elon Musk for Young Entrepreneurs

<i>This piece originally appeared on Entrepreneur.</i><p>Elon Musk is among the top entrepreneurs who are in the news almost every day and have a vast impact …

Hate Your Job But Like Your Company? Do These Three Things

Don’t just grin and bear it or jump ship too soon. There’s a better future at your currently employer if you’re willing to work for it.<p>Meet Nick. Nick is seriously considering quitting his job. He’s been in the same position for almost three years and hates everything about it.<p>There’s only one …

Neoliberalism gave us Trump: A dying America is raging against the capitalist machine

<b>Donald Trump (AP/Richard Drew)</b><p>The U.S. economy has left millions on the outside looking in. Some have turned to socialism, others to a demagogue<p>Steve Fraser<p>June 3, 2016 8:45am (UTC)<p>This piece originally appeared on TomDispatch.<p>Arising from the shadows of the American repressed, Bernie Sanders and …

The Workplace As An Experience: Three New HR Roles Emerge

What will “the new normal” look like for how companies source, develop, and engage employees? It has been seven years since McKinsey coined the phrase “the new normal,” referring to the fundamental changes in the business landscape following the recession of 2008.<p><b>The New Focus On The Employee</b> …

Human Resources

JPMorgan CEO Jamie Dimon says he learned one of the greatest leadership lessons from the former CEO of a $33 billion fast food company

But the reality, he says, is that "people have to learn to work together. Sometimes it's more about heart than it is mind."<p>Dimon, an investor in KFC and Taco Bell parent company Yum Brands— which has a market cap of around $33 billion— said he learned the key to working well with others from former …

Leadership

What Every Entrepreneur Can Learn From Howard Schultz About Success

<i>The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute</i> …