Thursday, November 28, 2013

Factors Influencing U.S. Shale Gas

The U.S. shale gas industry has made significant progress over the last decade. Major shale gas resources have been coming into commercial production as a result of various exploration & production (E&P) companies leveraging innovative directional drilling technologies as well as utilization of hydraulic fracturing to unlock trapped gas reserves.

Major producing regions include Texas, Louisiana, Arkansas, Pennsylvania, West Virginia, Ohio, and North Dakota. Additional resource potential exists in California and Colorado as well as other states.


Source: www.thebreakthrough.org

At any particular shale gas development project site, the primary shale gas resource annual average throughput production is subject to the number of vertical wells and corresponding multiple horizontal wells drilled at each specific wellhead location.

Overall production output from each vertical well is directly dependent upon each corresponding horizontal well(s) production output in terms of estimated ultimate recovery (EUR), initial gas production rates and actual decline rates over the economic life cycle of each particular well. In order to maintain sustainable shale gas production profile on a continual basis, periodic hydraulic fracturing may be required for steady-state volumetric throughput regeneration while unlocking trapped gas reserves from various geologic formations.

The wellhead gas composition consists of various fractions, mainly methane or "natural gas" as well as smaller percentages of ethane, propane, and traces of other of heavier alkanes such as butane and pentane. Typically, separation of methane from the heavier alkanes is achieved through the use of pre-engineered and packaged cryogenic expansion turbine equipment systems. The heavier components from the "cryo-plant" are stored on-site and subsequently exported as by-product natural gas liquids (NGLs) via truck, rail or pipeline depending on the specific location and accessibility to commercial petrochemical markets.


The entire shale gas value chain consists of production-transmission and distribution. The above-ground infrastructure covers gas gathering and processing facilities and pipelines systems interconnecting various production wellheads.

The produced gas must be further separated, dehydrated, treated, processed, compressed, and metered prior to being sent-out through a intra-state and interstate pipeline transmission system to either wholesale and/or retail consumers. Along the value chain of production-transmission-distribution, significant capital expenditure (CAPEX) and operating expenditure (OPEX) is required covering various capital equipment, products and services as well as equity / debt financing and working capital requirements.

The multitude of market influencing factors impacting U.S. shale gas include, but not limited to, technical feasibility, federal / state regulatory policy and framework, permits & clearances, environmental advocacy, demand elasticity (subject to wellhead / burner-tip price, commodity indexation, and consumer credit-worthiness), competing alternate fuels (coal, crude oil, nuclear, imported LNG, hydroelectric, and alternative / renewable energy), capital formation, structured project financing and associated technical-commercial risks.

In coming years, it will be important to closely monitor and evaluate the various factors influencing the outlook for the U.S. shale gas industry. In addition, it remains to be seen whether the bipartisan "Natural Gas Act" or "NATGAS Act", pending legislation in the U.S. Congress for several years, will ever be formally enacted. There are also some natural gas industry proponents actively promoting the conversion of the existing LNG import terminals into possible export LNG terminals for sale of U.S. shale gas production to overseas customers.

References:
1. http://www.eia.gov/energy_in_brief/article/about_shale_gas.cfm
2. http://en.wikipedia.org/wiki/Shale_gas_in_the_United_States
3. http://www.api.org/policy-and-issues/policy-items/exploration/facts_about_shale_gas
4. http://www.pwc.com/us/en/industrial-products/publications/shale-gas.jhtml

Wednesday, November 27, 2013

Key Economic Drivers for 2014+

As 2014 nears, the key drivers for the global economy continue to be, including but not limited to, 1) Interest Rates, 2) Taxes, 3) Inflation / Deflation, 4) Rising Prices and, 5) Confidence in Currencies.

Regardless of the ongoing debate over public sector vs. private sector and other related macro political-socio-economic factors, the above key drivers will determine the balance sheet, profit & loss and cashflow statements of various stakeholders such as; government(s), corporate(s), academia, and individual(s).

The key drivers for the various stakeholders are inherently dependent upon basic market fundamentals of; 1) supply-demand, 2) unmet gap, 3) elasticity of price / income / demand, 4) infrastructure, 5) regulatory policy & framework, 6) alternative / competing scenarios and 7) influencing factors.

The critical influencing factors, or "3 D's", which are directly interrelated to the key drivers, various stakeholders and basic market fundamentals are; 1) Debt, 2) Deficits and 3) Demand.

Regardless of the outcome in the near-term, short-term and long-term, various stakeholders which have the capacity, ability, and willingness to effectively "Deleverage" their balance sheets will be able to maintain a sustainable path moving forward. Alternative scenarios for Deleveraging may include, but not limited to, effective means of liquidating accumulated Debt while overcoming Deficits through regeneration of the ever vital and tangible products and services life cycle and value chain.

The resulting net effect of the entire process will be a revitalization and resurgence in Demand thereby restoring time-tested basic market fundamentals.

Only time can actually tell the outcome based on the energy, efforts and commitment of various stakeholders involved.

References:
1. http://usawatchdog.com/bubble-inflating-all-around-us-david-stockman/
2. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/26_Heres_The_Truth_Governments_Dont_Want_The_Public_To_See.html
3. http://www.jsmineset.com/jims-formula/

Saturday, November 23, 2013

Integrating “Mindfulness” into Holistic Training

"Life is a journey from I to I am” - Vedas

Paul Newell (Source: Balance Wellness)
It was nearly two (2) years ago I signed up for yoga classes at American Yoga Academy with the main goal of enhancing relaxation, flexibility, and stress management. I had the good fortune of taking multiple classes taught by Paul Newell of Balanced Wellness. It was literally the first time ever I had heard of “Mindfulness” and Tai-Chi and he provided excellent teaching, instructions with tips on integrating and incorporating key aspects into training for competitive track & field. 

Shortly thereafter, I again heard of the benefits of “Mindfulness”, Tai-Chi, Yoga, Ayurveda etc. while attending a Holistic Wellness event in Harlem, New York. In April 2012, I attended an all-day Holistic Wellness event at CCNY. At both events, key panels were moderated by Dr. Terri Kennedy of Power Living. I was also very lucky to get an autographed copy of Dr. Kennedy’s book, “The Power Living Pledge” which is a very helpful self-guide to wellness, positive health and lifestyle.

It is often said that it is important to listen, understand, appreciate, and moreover, put into practice valuable knowledge, experience, and wisdom of renowned experts who have been there and done that. Unfortunately, due to my own innate ignorance, stubborness, lack of attentiveness and sheer apathy, I did not pay serious heed to “Mindfulness”, Tai-Chi, Yoga, Ayurveda, etc. as for me it was literally into one ear and out the other.

During various speed, interval and distance workouts and competition, there are repetitive signs of deep exhaustion, nausea, stress, strain and fatigue which are continual and ongoing since my earlier competitive days at Herbert Hoover High School, Glendale Community College and University of Southern California where I was basically battling early signs of diabetes, nephrotic syndrome and other health issues (all diagnosed in later years including various forms of fatigue; metabolic, neuro-muscular and central nervous system etc.). I was not at-par with any of the many championship-level and elite athletes on the various teams.


As 2013 started, due to ineffective training resulting from the lack of putting “Mindfulness” into daily practice, I missed the entire indoor track & field season. In March, the outdoor track & field season commenced. In late March, during the 200 meters at Monmouth University Invitational Track & Field Meet, as I crossed the finish-line, I felt onset of fatigue, stress and strain of right-leg hamstring, quads, abductors, adductors and calve muscles. I continued speed-training into April-May and developed intense plantar fasciitis as well as shin splints and scratched from competing in the 200 meters and 400 meters at the New Jersey - USATF Masters Outdoor Track & Field Championships.

In early June, at the Mid-Atlantic – USATF Masters Outdoor Track & Field Championships, I went through normal warm-up sequence and drills. I scratched from competing in the 400 meters fearing fatigue and related issues. While doing wind-sprints, I sensed some odd feeling and did not pay any attention at all.

At the start of 200 meters, I felt right-leg hamstring pull, strain in the adductors and extensive knee pain. I immediately informed Coach F. Eugene Driver III of Trojan Masters Track Club and he consoled me by text message and said he knew exactly how I felt. Subsequently, I had to pull-out of competing in the USATF Masters Outdoor Track & Field National Championships, Empire State Games and States Games of America.

The long six (6) month journey to full-recovery was steady progress while putting into daily practice Coach Driver’s very specific instructions on preparation for competition, tips on dynamic stretching, guidance and advice on acceleration / sprint / speed-training as well as often hearing his kind words of encouragement. Moreover, the credit of accelerating the path to full competitive training was due to actually integrating “Mindfulness” while leveraging the benefits of Tai-Chi, Yoga and Ayurveda etc.; I guess I had to learn it the hard way.


In January, I am really looking forward to the start of 2014 Masters indoor track & field season followed by the outdoor track & field season. I fully realize it is all about truly putting into everyday practice all of the vast knowledge, experience and wisdom of renowned experts such as Coach Driver, Dr. Kennedy and Paul Newell.

There are no “silver bullets”, short-cuts, frills, fads or gimmicks when compared to practicing sound fundamentals of high quality holistic training in an effective manner. It is paramount to integrate and incorporate “Mindfulness” while undertaking various time-tested methods, techniques, skills and drills.

References:
2.      http://trackmom.com/



The purpose of any and all mentoring, focusing on holistic wellness, health, sports, fitness, nutrition, yoga, ayurveda and related is to promote healthy lifestyles and balance between Spirit-Mind-Body. This includes any and all associated proven processes, methods, techniques, therapies which may also include educational purposes with the goal of creating awareness and disseminating information. All information on the Website in no way precludes the mandatory need for seeking definitive prior advice, diagnosis and/or treatment from a qualified medical physician and/or specialist related to Spirit-Mind-Body fitness and/or training program(s). Prior to starting any Spirit-Mind-Body fitness and/or training program(s), it is mandatory to get a thorough examination by a qualified medical physician and/or specialist. In addition, a medical physician and/or specialist’s approval must be obtained prior to undertaking any Spirit-Mind-Body fitness and/or training program and as well as continual examination(s) by a medical physician and/or specialist during the entire duration and course of undertaking any Spirit-Mind-Body fitness and/or training program(s).

Sunday, November 10, 2013

Recalling the Amazing Coach John Tansley

 "Make the most of yourself, for that is all there is of you." - Ralph Waldo Emerson

During the “Running Summit - East” a few months ago in Morristown, New Jersey, I had the great opportunity of listening to and meeting legendary persons such as; Coach Dr. Joe Vigil and world-renowned Coach Vern Gambetta. During one of the Summit interactions with various highly esteemed coaches, in conversation regarding running form, mechanics and plyometrics, the name of Coach John Tansley came up.


Source: www.glendale.edu
Coach John Tansley was the Head Coach of cross-country and track & field at Glendale Community College (GCC), California State University at Long Beach (CSULB) and California State University at Los Angeles (CSULA). He was later inducted into the CSULA Athletic Hall of Fame. Coach Tansley was famously known and renowned for his most innovative training techniques and work ethic.

I was very fortunate and lucky to have had a chance to be trained under Coach Tansley for a very brief time period.

In my senior year at Herbert Hoover High School in Glendale, California, I had received a California state scholarship to major in chemical engineering at the University of Southern California (USC). I had lot of “butterflies in my stomach” and joined some of my Hoover High classmates and attended my freshman year at GCC and then fully transfer in my sophomore year to USC.

While at Hoover High, I was a “very average” athlete, qualifying and making the cross-country and track & field teams under Head Coach Dave Herman and middle-distance Coach Charles Rankin.

Source: www.glendale.edu
Upon joining GCC, I met Coach Tansley and tried-out for the cross-country team and somehow qualified and made it. That year GCC won the California State Championships in cross-country. Later, Coach Tansley gave me another chance to try-out for the GCC track & field team which had very good local area athletes such as Jay Rubino (from Crescenta Valley High School), brothers George and Mike Ragan, and Mike Vaccaro (from Burbank High School), as well as many more.

Often, Coach Tansley, as a coach, mentor and friend, would take personal time out of his hectic schedule and pay very close attention and evaluate each and every athlete on their own innate abilities, aptitudes, and skills and then develop a unique training program with a solid foundation based on a sound work ethic. His goal was always to focus on developing and maintaining a positive attitude and to cultivate overall team camaraderie while bringing out the best in each person as a whole.

On a personal-level, during various speed, interval and distance workouts, there were repetitive signs of deep exhaustion, nausea, stress, strain and fatigue. I was basically battling early signs of diabetes, nephrotic syndrome and other health issues (all diagnosed in later years including various forms of fatigue; metabolic, neuro-muscular and central nervous system etc.). I was not at-par with any of the many championship-level and elite athletes on Coach Tansley's team.

When it came to fundamentals, Coach Tansley always instilled emphasis on strength, stability, agility and mobility while leveraging advanced and innovative training techniques, methods, skills and drills. Basic day-to-day workouts consisted of; Strength-Posture & Stability-Foot Landing-Agility & Quickness-Foot Stride & Length. He often ingrained in us that speed is directly related to both foot-stride frequency and foot-stride length. Key was relaxation, posture, force application and minimal ground contact time. It was actually the first time I had ever heard of plyometrics skills and drills. Moreover, each time, Coach Tansley’s words of encouragement and kindness motivated each and every athlete to try and do our best. An amazing event for all of his athletes was hanging onto and running behind Coach Tansely's "Chevy Luv" red colored pick-up truck over 100-200 yards. We could just feel our legs flying down the back stretch of the GCC track. It definitely made all of us much faster.

Source: www.glendale.edu
In my sophomore year upon joining USC, I approached Coach Ken Matsuda, assistant to Head Coach Vern Wolfe, to find out how to join the USC track & field team as a “walk-on” since I was on an academic scholarship. I was asked by Coach Matsuda who my most recent coach was and I stated Coach John Tansley of GCC. Coach Matsuda stated that I must qualify via a time-trial in a 220 yards at Cromwell Field along with Lloyd Johnson (reigning NCAA 800 meter champion) and James Walters (former high school national 880 yards champion). Based on Coach Tansley's training, I was able to keep-up behind Lloyd Johnson and James Walters and finished accordingly. Subsequently, I got approval to join the USC track & field team as a “walk-on” in the 880 yards/800 meters even though I was a “very average” and marginal athlete not at-par with any of the many championship-level and elite athletes on the USC team.

Looking back and recalling, Coach John Tansley represents a very unique brand of coaching and humankind. He always treated each and every athlete as a special person. He made us always feel good about ourselves no matter how we did in training or in an event or our specific level of athletic skills and aptitude or lack thereof. His workouts were not dogmatic, but, always allowed athletes to provide constant inputs and train based on how we actually felt inside on any given particular day. He really cared about each athlete’s life goals, aspirations and inner-most feelings as human beings. He always taught his athletes to never give up, quit, or stop trying no matter the odds nor the uphill struggle. He believed in building self-esteem, work ethic, continually encouraging and cheering fellow team members, and truly made us better persons than what we were before we met him. Moreover, he set an example for everyone while helping us to look within, believing in our inner-strength and to focus on a vision, mission and purpose. Coach John Tansley is truly amazing!

References:





The purpose of any and all mentoring, focusing on holistic wellness, health, sports, fitness, nutrition, yoga, ayurveda and related is to promote healthy lifestyles and balance between Spirit-Mind-Body. This includes any and all associated proven processes, methods, techniques, therapies which may also include educational purposes with the goal of creating awareness and disseminating information. All information on the Website in no way precludes the mandatory need for seeking definitive prior advice, diagnosis and/or treatment from a qualified medical physician and/or specialist related to Spirit-Mind-Body fitness and/or training program(s). Prior to starting any Spirit-Mind-Body fitness and/or training program(s), it is mandatory to get a thorough examination by a qualified medical physician and/or specialist. In addition, a medical physician and/or specialist’s approval must be obtained prior to undertaking any Spirit-Mind-Body fitness and/or training program and as well as continual examination(s) by a medical physician and/or specialist during the entire duration and course of undertaking any Spirit-Mind-Body fitness and/or training program(s).