Anticosti Island oil



L'île d'Anticosti  est une île au Québec, Canada, à l'embouchure de la rivière Saint-Laurent dans le golfe du Saint-Laurent, entre 49 ° et 50 ° N., et entre 61 ° 40 'et 64 ° 30 'W. Au 7,892.52 km2 (3,047.32 sq mi) de la taille, c'est la plus grande île de la 90e plus grande île worldand 20e au Canada. L'île d'Anticosti est séparé au nord de la région de la Côte-Nord du Québec (la péninsule du Labrador) par theJacques Cartier détroit, et au sud de la Gaspésie, par le détroit d'Honguedo.


L'île d'Anticosti est grande, mais peu peuplée (281 habitants en 2006), avec la plupart de la population permanente dans le village de Port-Menier sur la pointe ouest de l'île, composée principalement des gardiens de phares érigés par le gouvernement canadien. L'île entière constitue une municipalité connue sous le nom de L'Île-d'Anticosti.
En raison des plus de 400 épaves au large de ses côtes, il est appelé le "cimetière du golfe». [1]


L'île d'Anticosti répond aux quatre critères recherchés dans un système pétrolier, à savoir un environnement favorable hautement productif source de roche pour la production de pétrole, un réservoir de bonne qualité, imperméable roche couverture, et la présence de nombreux grands pièges.

Shell a déjà évalué la quantité d'huile produite par cette roche mère dans l'histoire de ce bassin sédimentaire à 30 milliards de barils. Ceux-ci sont favorables à la dolomitisation hydrothermale et sont susceptibles d'avoir piégé une partie de l'huile produite par cette roche mère. En outre, des zones poreuses et des signes de pétrole ont été trouvés dans les puits forés à ce jour et un certain nombre de structures ont été identifiées par la sismique. Le 29 Juin 2011, Pétrolia et Corridor a annoncé que la firme Sproule Associates Limited, établie à 30,9 milliards de barils la meilleure estimation du total du pétrole initialement en place sur les permis détenus conjointement. Petrolia engagé Sproule de procéder à une évaluation des ressources de la Macasty de schiste dans l'île d'Anticosti, où Pétrolia détiennent des intérêts sur les licences couvrant plus de 1,5 millions d'acres (6000 km2).

Les objectifs traditionnels
Les travaux réalisés par Pétrolia et son partenaire dans ce domaine a identifié un certain nombre de cibles de forage. À ce jour, l'objectif principal a consisté à explorer le potentiel pétrolier des carbonates de Trenton et de Black River groupes dans les secteurs centre et est de l'île. Ce modèle d'exploration a été très réussie dans le bassin appalachien (Ontario et État de New York). Alors que le forage ne répondait pas aux attentes en termes de découvertes, elle a néanmoins permis de confirmer le potentiel du Trenton - Black River modèle. Une zone poreuse a été effectivement pénétré dans la rivière Noire (Pétrolia Corridor Saumon n ° 1. Ainsi), qui a produit l'équivalent de 5.000 barils d'eau salée sur une épaisseur de 3 cm ouvert. Ce flux atteste de la qualité de ce réservoir.

Les cibles non conventionnelles
L'huile des schistes Macasty ouvre un tout nouveau jeu d'huile sur l'île d'Anticosti. Échanges entre partenaires a conduit à la décision de tester le potentiel de la Formation Macasty en ce qui concerne l'huile de schiste. La carotte extraite du schiste à la formation Macasty (Pétrolia Corridor Chaloupe No. 1 bien) a abouti à l'élaboration d'un nouveau modèle étant donné l'importance des premiers résultats obtenus (voir le communiqué de presse publié le 9 Février, 2011). Avec les analyses effectuées par un laboratoire à Weatherford, Houston et celles effectuées par Schlumberger Canada, fournissant une rétroaction positive sur la capacité des schistes Macasty »pour produire de l'huile, ce nouveau modèle est devenu nécessaire.

Depuis, de nouvelles analyses ont été effectuées dans les installations de laboratoire d'un majeur, indépendant E & P compagnie, avec une vaste expérience de schiste. Ces résultats indiquent l'huile à fort potentiel et le potentiel de production de gaz de schiste pour le Macasty (voir communiqué de presse publié le 1er Décembre 2011).

Malgré l'immense potentiel de schiste Macasty, il est important de comprendre que le programme d'exploration Anticosti est à un stade précoce, plus les travaux seront nécessaires pour déterminer le potentiel de récupération des ressources commercialement viable avant de procéder à toute phase de développement. Pétrolia a passé le reste de l'année concevoir un plan de développement et pesant ses options, plus spécifiquement, des partenariats pour les prochaines étapes d'exploration et de déterminer le volume d'huile disponible dans les schistes.

Les travaux prévus
• Poursuivre l'évaluation Macasty
• La recherche active de partenaires

Le travail effectué
• Interprétation des lignes sismiques et des données de forage disponibles
• enquête de terrain géochimiques (gaz absorbé par l'analyse microbienne) réalisé sur toute l'île en 2008 (1700 échantillons)
• Interprétation de Shell et d'Hydro-Québec des données sismiques
• Intégration des données de forage en logs composites modernes
• Évaluation de la 1 Shell et Shell Jupiter n ° Roliff n ° 1 puits
• Étude sur les caractéristiques de la matière organique dans des puits sélectionnés sur l'île
Campagne de forage • en 2010 (3 puits forés), dont trois carottes extraites contigus dans la formation Macasty
• Caractérisation environnementale des sites de forage

Jupiter et
Ce puits, qui est un retour au Corridor / Hydro-Québec Jupiter puits n ° 1, avait pour but de trouver des carbonates dolomitisés et fracturés dans les formations de Mingan et Romaine susceptibles de constituer un réservoir. En dépit de quelques indications de l'huile dans la formation de Mingan, aucun réservoir important a été trouvé, de sorte que le puits foré en 2010 a été abandonné.

Les données recueillies lors du forage de ce puits a fourni une grande quantité d'informations à propos de ce jeu qui est à l'étude par les partenaires. Le territoire l'île d'Anticosti, en particulier la partie occidentale de l'île, a de nombreuses structures qui ne font pas partie de ce jeu et qui continuent d'offrir un solide potentiel pour la découverte.

Puits de Chaloupe
L'objectif de ce puits était de découvrir un réservoir dolomies hydrothermales dans la Formation de Rivière Trenton / Black. Le puits a révélé que légèrement dolomitisées carbonates. Il n'y avait pas de réservoir de quelque importance noté.

Lors du forage, à l'été 2010, les partenaires ont également convenu de supprimer une carotte de 27 m au niveau des schistes de la formation Macasty. L'analyse de celui-ci a permis de prouver qu'il contenait un peu d'huile résiduelle. Les résultats ont permis de produire des estimations calculées premières: 30,9 milliards de barils de l'huile totale initialement en place (voir communiqué de presse publié le 29 Juin, 2011). Ce puits est situé sur le côté haut de la faille de Jupiter, où la plupart de la superficie Pétrolia se trouve, et où le schiste est interprétée comme ayant été dans la fenêtre à huile et l'huile d'être couchée.

Saumon bien
L'objectif de ce puits était la même que pour le puits de Chaloupe. Bien que peu de carbonates dolomitisés ont été trouvés, le puits a révélé la présence d'un réservoir très important dans les carbonates fracturés du Trenton / Black River. Le volume d'eau salée produite, (27 m3 ou 170 barils en 45 minutes) correspond à un flux quotidien de 15.000 barils / jour. L'absence d'huile dans ce réservoir est sans doute décevant. Cependant, l'existence d'un réservoir de cette qualité confirme que l'île d'Anticosti possède tous les éléments d'un système pétrolier, en particulier une roche mère productive, d'excellents réservoirs, et la roche couverture qui pourrait contenir de l'huile.

En ce qui concerne le puits de Chaloupe, la présence d'eau salée dans le réservoir amené les partenaires à abandonner la partie inférieure du puits et de suspendre l'exploration de la partie supérieure, où la présence de schistes Formation Macasty a été noté.

Description de la propriété
450 millions d'années, l'île d'Anticosti constituait le segment oriental de l'ancien rivage qui borde maintenant le front des Appalaches jusqu'au Texas. Un certain nombre de champs d'hydrocarbures de classe mondiale ont été découverts dans ce contexte géologique, y compris plusieurs réservoirs de type hydrothermal. Les découvertes de gaz naturel dans l'État de New York et au Québec dans les Basses-Terres du Saint-Laurent, confirment l'importance de cette thématique d'exploration qui s'étend vers l'est dans le bassin d'Anticosti. La découverte de pétrole dans l'ouest de Terre-Neuve, sur la péninsule de Port-au-Port, démontre sans équivoque que ce contexte géologique dans le bassin d'Anticosti. Seuls quelques puits ont récemment été forés sur l'île d'Anticosti pour confirmer cette nouvelle thématique d'exploration. Ces forages ont démontré la présence de réservoirs de type hydrothermal dont certains possèdent des caractéristiques exceptionnelles.
   
Les permis d'exploration obtenus par Pétrolia et Corridor couvrir toute la zone considérée prospective pour le pétrole. Pétrolia est opérateur sur l'île pour 23 permis d'exploration où elle détient une participation de 50% net. Il détient également une participation de 50% net dans six permis où Corridor Resources est l'opérateur. En outre, la Société a une participation de 25% plus nette dans six autres permis opérés par Corridor Resources.

Pic pétrolier : l’alerte d’un expert du FMI


Pic pétrolier : l’alerte d’un expert du FMI
 Pic pétrolier : l’alerte d’un expert du FMI [interview] | Chronique des Droits de l'Homme | Scoop.it

Michael Kumhof est co-responsable de la modélisation au sein du Fonds monétaire international (FMI). Avec d'autres chercheurs du FMI, il a publié plusieurs études sur le "pic pétrolier". Ces études recèlent des mises en garde concernant un possible déclin prochain de la production mondiale de pétrole.

L'inquiétude de M. Kumhof ne trouve aucun écho dans la ligne politique du FMI. Cet économiste allemand de 50 ans n'a pas été appelé à présenter ses travaux devant Christine Lagarde et le reste de la direction du bailleur international. Son travail n'en mérite pas moins l'attention...


Ignorer le pic pétrolier serait "hautement anti-scientifique et même irresponsable", estime Michael Kumhof, co-responsable de la modélisation au FMI. (DR Anna Simonsson)
Pourquoi vous êtes-vous penché sur la question du pic pétrolier ?

Michael Kumhof - Cela fait presque dix ans que je suis préoccupé par cette question. Je ne suis pas certain de quand le déclin de la production mondiale de pétrole risque de commencer. Mais lorsque j'observe l'économie mondiale, je sais que les implications d'un tel déclin seraient si graves qu'en tant que chercheur, je ne peux qu'examiner ce problème avec le plus grand sérieux.

Exporters of Oil


Exporters of Oil

Exporting oil is a great financial resource for most countries. If a country makes more money than they use they can sell it to other countries at a high profit as it is such a desirable product. As oil is often found beneath the sea, there can be controversy as to who the oil belongs to. There is also sometimes conflict between countries over the subject of oil.

The countries exporting the most barrels of oil per day:

Exporters of oil
  1. Saudi Arabia
  2. Russia
  3. United Arab Emirates
  4. Iran
  5. Kuwait
  1. Nigeria
  2. European Union
  3. Venezuela
  4. Norway
  5. Canada
The countries highlighted in blue on the map produce more oil than they need which puts them in a good position to export oil to other countries.

Importers of Oil

Although the US produces the 3rd largest number of barrels of oil per day, they also consume the most barrels of oil per day. Therefore the majority of the fuel they produce they use for themselves and do not trade. As they are the biggest consumer of oil they also import a great deal of oil. Countries only import oil if they use more oil than they produce themselves.

The countries importing the most barrels of fuel per day:

Importers of oil
  1. United States
  2. European Union
  3. Japan
  4. China
  5. South Korea
    1. India
    2. Germany
    3. Netherlands
    4. France
    5. Italy
    The countries highlighted in red on the map above import tho most amount of oil. Some of these countries do produce their own oil, but need to import some more to cover their needs.

    The UK’s Fuel Industry


    The UK’s Fuel Industry
    The UK’s fuel industry is home to some of the world’s biggest fuel companies such as BP and Shell who’s products and services are used around the globe. As such the importation and refining of crude oil and it’s production into petroleum and other petrochemicals are a major part of the fuel industry in the UK.
    The investments being made by the UK fuel companies in the research and development of new technologies to improve fuel extraction as well as produce greener fuels are also impacting the fuel industry as a whole.
    UK’s crude oil imports
    Producers of oil
    As the UK does not have enough oil reserves of it’s own to be able to sustain our demand we therefore rely on importing it from other countries.
    During the end of the 1940′s the UK’s ability to produce it’s own oil products made a quantum leap forward with the development of refining capacities. This subsequently led to the level of crude oil being imported to the UK to skyrocket.
    From the 1950′s the main source of these imports were coming from the Middle East, peaking at over 80 million barrels of crude oil in the mid 1970′s. As well as the Middle East the UK was also importing from The Americas, Norway and Africa during this period, though in far smaller quantities.
    The oil crisis of 1974 however made a dramatic change in the UK’s crude oil imports. After an oil embargo had been proclaimed by the OAPEC (Organisation of Arab Petroleum Exporting Countries) the levels of crude oil imported by the UK from the Middle east took a sharp nosedive to less than 10 million barrels in a relatively short span of 10 years.
    To compensate for the embargo in the Middle East the UK increased it’s reliance on imports from the North Sea area and other crude oil producing countries such as Norway saw a steady increase in trade.
    UK Refineries
    Demand for petroleum products followed the economic recovery after WWII. The prosperity the economic recovery gave people resulted in increased car ownership within the population and along with a better road network led to the necessity of many of the 9 major refineries we have in the UK today.
    Refineries have undergone significant advancements since their introduction in the late 1950′s in order to keep up with the increasingly more complex and greener fuels the UK now demands. Their distribution within the UK is typically coastal or estuarial because of the need to have deep water connection capable of accommodation large oil tankers.
    UK Crude OilList of UK refineries
    Chevron Pembroke Refinery
    ConocoPhillips Humber Refinery
    ExxonMobil Refinery Fawley
    INEOS Grangemouth Refinery
    Murco Milford Haven Refinery
    Petroplus Coryton Refinery
    Petroplus Refining Teesside
    Shell Stanlow Manufacturing Complex
    Total Lindsey Oil Refinery
    UK’s contributions to new fuels

    The UK’s Fuel Industry
    The UK’s fuel industry is home to some of the world’s biggest fuel companies such as BP and Shell who’s products and services are used around the globe. As such the importation and refining of crude oil and it’s production into petroleum and other petrochemicals are a major part of the fuel industry in the UK.
    The investments being made by the UK fuel companies in the research and development of new technologies to improve fuel extraction as well as produce greener fuels are also impacting the fuel industry as a whole.
    UK’s crude oil imports

    As the UK does not have enough oil reserves of it’s own to be able to sustain our demand we therefore rely on importing it from other countries.
    During the end of the 1940′s the UK’s ability to produce it’s own oil products made a quantum leap forward with the development of refining capacities. This subsequently led to the level of crude oil being imported to the UK to skyrocket.
    From the 1950′s the main source of these imports were coming from the Middle East, peaking at over 80 million barrels of crude oil in the mid 1970′s. As well as the Middle East the UK was also importing from The Americas, Norway and Africa during this period, though in far smaller quantities.
    The oil crisis of 1974 however made a dramatic change in the UK’s crude oil imports. After an oil embargo had been proclaimed by the OAPEC (Organisation of Arab Petroleum Exporting Countries) the levels of crude oil imported by the UK from the Middle east took a sharp nosedive to less than 10 million barrels in a relatively short span of 10 years.
    To compensate for the embargo in the Middle East the UK increased it’s reliance on imports from the North Sea area and other crude oil producing countries such as Norway saw a steady increase in trade.
    UK Refineries
    Demand for petroleum products followed the economic recovery after WWII. The prosperity the economic recovery gave people resulted in increased car ownership within the population and along with a better road network led to the necessity of many of the 9 major refineries we have in the UK today.
    Refineries have undergone significant advancements since their introduction in the late 1950′s in order to keep up with the increasingly more complex and greener fuels the UK now demands. Their distribution within the UK is typically coastal or estuarial because of the need to have deep water connection capable of accommodation large oil tankers.
    List of UK refineries
    Chevron Pembroke Refinery
    ConocoPhillips Humber Refinery
    ExxonMobil Refinery Fawley
    INEOS Grangemouth Refinery
    Murco Milford Haven Refinery
    Petroplus Coryton Refinery
    Petroplus Refining Teesside
    Shell Stanlow Manufacturing Complex
    Total Lindsey Oil Refinery
    UK’s contributions to new fuels

    the U.S. Bureau of Economic Analysis


    The economic slowdown in 2001, while mild by historical standards, was geographically widespread. Real gross state product (GSP) for the nation - GSP adjusted to reflect price changes - grew 0.4 percent in 2001, compared with a 0.2-percent decline during the 1990-91 recession, and a 1.6-percent decline during the more severe 1981-82 recession./1./  In 2001, real GSP declined in 20 states and growth decelerated in an additional 26 states. During the 1990-91 recession, real total GSP declined in 18 states and growth decelerated in an additional 19 states. In contrast, during the more severe 1981- 82 recession, real total GSP declined in 37 states and decelerated in an additional 12 states.

    Chart 1 shows trends in real GSP growth for 1990-2001 for the U.S. and for the top- and bottom-quintile states, where quintiles are defined by 2001 growth. With the exception of 2000, average growth in the top quintile has exceeded the U.S. rate every year since 1990. Further, real GSP growth in the top quintile remained positive and relatively strong both during the 2001 slowdown and in the 1990-91 recession. In contrast, the bottom-quintile states fared worse in 2001 than in the 1990-91 recession, with an average decline of 1.6 percent in 2001, compared with an average decline of 0.8 percent in the 1990-91 recession. Many of the bottom-quintile states specialize in traditional manufacturing industries that are sensitive to economic slowdowns.



    /1./ Percent changes are expressed at annual rates and refer to 2001, 1991, and 1982, respectively. The GSP estimates for 1999-2000 released today are revised. See the "Sources of GSP revisions" section on page 3 for details on the revisions.

    This news release is available at BEA's web site at www.bea.gov/newsreleases/rels.htm.

    GSP Growth by Industry

    The slowdown in real U.S. GSP was characterized by a decline in goods-producing industries (except mining) and decelerated growth in most services-producing industries. Manufacturing, which declined 6.0 percent in 2001, was largely responsible for the decline in real GSP in goods-producing industries. Manufacturing declined in 40 states and was the largest contributor to declines in real total GSP for all of the bottom-quintile states except Alaska.



    Among the other goods-producing industry divisions, real GSP in construction declined in 37 states. Growth in mining was an important contributor to total GSP growth in a number of states, including Wyoming, West Virginia, New Mexico, and Nevada. But, mining, primarily oil and gas extraction, contributed significantly to a decline in Alaska's real GSP.

    Despite the deceleration in real U.S. GSP growth in several services-producing industries in 2001, growth in these industries remained relatively strong. Overall growth in retail trade decelerated to 4.6 percent in 2001 from 7.5 percent in 2000, and growth in finance, insurance and real estate decelerated to 2.8 percent from 6.2 percent. From 2000 to 2001, real GSP growth in retail trade decelerated in 46 states; growth in finance, insurance and real estate decelerated in 42 states; and growth in services decelerated in 38 states. However, retail trade continued to grow in all states except Connecticut; finance, insurance and real estate grew in all but 11 states; and services grew in all but 11 states. Within finance, insurance and real estate, double-digit growth was reported in 2001 for non-depository institutions and for security and commodity brokers. In Delaware, real GSP in finance, insurance and real estate grew 18 percent, mainly due to growth in depository institutions and holding and other investment offices.

    In contrast to fast growth during the 1990's, real GSP in high-tech industries (a combination of goods- and services-producing industries) was mixed in 2001. Communications grew in all states except Colorado and electronic and other electric equipment manufacturing grew in 45 states. These industries contributed to growth in several of the top-quintile states, including New Mexico, Vermont, Maryland, Nevada, Florida, and Texas. But, real U.S. GSP declined in industrial machinery and equipment manufacturing and in business services.

    Within tourism-related services-producing industries, slow growth or declines in U.S. GSP in transportation by air, hotels and other lodging places, and amusement and recreation services affected many states, partially reflecting reductions in business air travel and tourism after the terrorist attacks on September 11, 2001. Despite declines in two industries relatively important to its economy--transportation by air and hotels and other lodging places--Nevada was in the top quintile in 2001.

    GSP Growth by Component

    The changes over time in the capital and labor shares of industry value added reflect differences in the growth rates of the components of current-dollar GSP by industry--compensation of employees, indirect business tax and nontax liability, and property-type income. In every BEA region, the trends in the GSP income component shares mirrored the national trend for 1999-2001-- the share of compensation of employees increased, the share of indirect business tax and nontax liability was unchanged, and the share of property-type income decreased.

    State shares of U.S. current-dollar GSP in 2001

    In 2001, current-dollar GSP for the nation was $10.1 trillion. California accounted for the largest share (13.4 percent) of the nation; its GSP has exceeded $1 trillion since 1997 (see table 4). The other four states with the largest shares of the U.S. total were New York (8.2 percent), Texas (7.5 percent), Florida (4.8 percent), and Illinois (4.7 percent). North Dakota, Vermont, Wyoming, Montana, and South Dakota had the smallest shares. The states representing the five largest and five smallest shares did not change throughout the 1990s.

    Sources of GSP revisions

    The GSP estimates have been revised for 1999 and 2000 to incorporate the results of the most recent revisions of state personal income, of the national estimates of gross product by industry, and of the national income and product accounts (NIPA's). The revised GSP estimates also reflect incorporation of the 2000 and 2001 Annual Survey of Manufactures (ASM). The ASM data are based on the North American Industry Classification System (NAICS) rather than on the Standard Industrial Classification System (SIC). For this revision, the 1999-2001 ASM data were converted from NAICS to the SIC by BEA on the basis of information provided by the source agency (see "Industry classification" section below).

    In general, the revisions to GSP as a percentage of the previously published estimates for all years were small. For the nation, current-dollar GSP was revised down $28.2 billion in 1999, and revised down $50.4 billion in 2000. For 2000, the five states with the largest downward percentage revisions were New Mexico (-3.3 percent), West Virginia (-3.2 percent), North Carolina (-3.1 percent), Arizona (-1.8 percent), and Mississippi (-1.7 percent). For a detailed discussion of major sources of the revisions and of the impacts of the revisions, see "Gross State Product by Industry, 1999-2001" in a forthcoming issue of the Survey of Current Business.

    Industry classification

    In 1997, U.S. federal statistical agencies adopted NAICS, an economic classification system that groups establishments into industries based on similarity of production processes. NAICS provides a new framework for collecting, analyzing, and disseminating economic data on an industry basis. Some of BEA's source data, however, still remain on a Standard Industrial Classification (SIC) basis. BEA plans to incorporate NAICS into its GSP estimates upon full implementation of NAICS by all of its source-data agencies in 2004-2005. For more information, see "The North American Industry Classification System in BEA's Economic Accounts," Survey of Current Business (May 2001): 7-13.

    Definitions

    GSP is the value added in production by the labor and property located in a state. GSP for a state is derived as the sum of the GSP originating in all industries in the state.

    The estimates of real GSP were derived by applying national implicit price deflators by detailed industry to the current-dollar GSP estimates by detailed industry. Then, in order to capture the differences across states that reflect the relative differences in the mix of goods and services that the states produce, the same chain-type index formula used in the national accounts was used to calculate the estimates of total real GSP and real GSP by major industry. For additional information, see "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth," Survey of Current Business 77 (May 1997): 58-68; "Comprehensive Revision of Gross State Product by Industry, 1977-94," Survey 77 (June 1997): 28-29; and "Gross State Product by Industry, 1992-99," Survey 81 (August 2001): 69-90.

    The relation of GSP to Gross Domestic Product (GDP)

    In concept, an industry's GSP, referred to as its "value added," is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Thus, GSP is often considered the state counterpart of the nation's GDP, BEA's featured measure of U.S. output. In practice, GSP estimates are measured as the sum of the distributions by industry and state of the components of gross domestic income, that is, the sum of the costs incurred and incomes earned in the production of GDP.

    GSP for the nation differs from GDP for the following reasons: GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy; GSP excludes and GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and GSP and GDP have different revision schedules. In 2000-2001, real GDP grew 0.3 percent, and real GSP for the nation grew 0.4 percent.

    Availability of detailed GSP estimates

    GSP estimates for 63 industries and 3 income components for states, BEA regions, and the United States are available on BEA's Web site: www.bea.gov. The site also contains BEA's major national, regional, international, and industry estimates; the Survey of Current Business; and BEA news releases.

    In BEA's GSP accounts, estimates of compensation of employees and property-type income are based on estimates of wages and salaries and proprietors' income, respectively, from BEA's personal income accounts. For 2001, BEA's estimates of wages and salaries and proprietors' income were published on the 2002 North American Industry Classification System (NAICS) at the sub-sector level and on the 1987 Standard Industrial Classification (SIC) at the division level. Therefore, for the 2001 GSP estimates presented here, compensation of employees and property-type income estimates are being released at only the SIC division level, while estimates of GSP by industry and of indirect business tax and non-tax liability (IBT) are being released for the usual 63 SIC-based industries.

    Regional Income and Product release dates for the rest of 2003:

    Rockefeller Center Christmas Tree Lighting 2012: New Jersey Spruce Lights Up Manhattan


    Rockefeller Center Christmas Tree Lighting 2012: New Jersey Spruce Lights Up Manhattan

    NEW YORK — An 80-foot Norway spruce that made it through Superstorm Sandy was transformed into a beacon of shimmering glory Wednesday when New York City Mayor Michael Bloomberg and others turned its lights on at Rockefeller Center.
    Thousands of onlookers crowded behind barricades on the streets that surrounded the center during the traditional tree-lighting ceremony for the Christmas holiday season. A video screen projected an image of the tree for those who did not have a direct line of sight.
    “It makes me want to sing and dance,” said Zuri Young, who came several hours early with her boyfriend to watch the lighting for the first time.
    “I’ve heard a lot about it. I was kind of sick of staying home and watching it on television,” the 19-year-old nursing student from Queens said.
    Illuminated by more than 30,000 lights, the tree from the Mount Olive, N.J., home of Joe Balku was topped by a Swarovski star. The 10-ton tree had been at the homestead for years, measuring about 22-feet tall in 1973 when Balku bought the house. Wednesday, its girth reached about 50 feet in diameter.
    “It’s an experience that I cannot get back home,” said Freyja Shairp, a 22-year-old from Sydney, Australia, who is working in the U.S. temporarily. She said she hadn’t planned to come, but was in the neighborhood.
    Standing next to her was Donna D’Agostino, 48, and her 17-year-old daughter. She said she lived in New York City her whole life and decided this was the year she was going to see the lighting.
    “It’s a bucket list item,” said D’Agostino. “I think it starts the whole season.”
    Balku lost power and other trees during the Oct. 29 storm at his residence about an hour outside of Manhattan. The spruce survived, and Erik Pauze, the head gardener at Tishman Speyer, one of the owners of Rockefeller Center, picked out the tree. He said he found it by accident when he got lost while returning to the city on a tree hunting expedition.
    “It wasn’t even on our list. It was a good find,” Pauze said.
    Pauze said workers prepared for Superstorm Sandy by bracing the tree with cables to secure and protect it. It was moved in November.
    Officials turned on the lights just before 9 p.m. Wednesday in the 80th annual celebration. Prior to that, the tree-lighting event include performances from Rod Stewart, CeeLo Green, Scotty McCreery, Il Volo, Victoria Justice, Brooke White, Mariah Carey, Trace Adkins and Tony Bennett, along with appearances by Billy Crystal and Bette Midler.
    The tradition of a Christmas tree at Rockefeller Center started in 1931, when workers building the center put up the first one. No tree was put up the following year, and in 1933, the first tree-lighting ceremony took place.
    People will be able to view the tree until Jan. 7. After its stint in the spotlight, it will be turned into lumber for Habitat for Humanity.

    New York is the center of the world


    New York is the center of the world
    New York’s gross state product in 2010 was $1.16 trillion, ranking third in size behind the larger states of California and Texas.[45] If New York were an independent nation, it would rank as the 16th largest economy in the world behind Turkey. Its 2007 per capita personal income was $46,364, placing it sixth in the nation behind Maryland, and eighth in the world behind Ireland. New York’s agricultural outputs are dairy products, cattle and other livestock, vegetables, nursery stock, and apples. Its industrial outputs are printing and publishing, scientific instruments, electric equipment, machinery, chemical products, and tourism.

    New York exports a wide variety of goods such as foodstuffs, commodities, minerals, computers and electronics, cut diamonds, and automobile parts. In 2007, the state exported a total of $71.1 billion worth of goods, with the five largest foreign export markets being Canada ($15 billion), United Kingdom ($6 billion), Switzerland ($5.9 billion), Israel ($4.9 billion), and Hong Kong ($3.4 billion). New York’s largest imports are oil, gold, aluminum, natural gas, electricity, rough diamonds, and lumber.

    The state also has a large manufacturing sector that includes printing and the production of garments, furs, railroad equipment and bus line vehicles. Many of these industries are concentrated in upstate regions. Albany and the Hudson Valley are major centers of nanotechnology and microchip manufacturing, while the Rochester area is important in photographic equipment and imaging.

    New York is a major agricultural producer, ranking among the top five states for agricultural products such as dairy, apples, cherries, cabbage, potatoes, onions, maple syrup and many others. The state is the largest producer of cabbage in the U.S. The state has about a quarter of its land in farms and produced US$3.4 billion in agricultural products in 2001. The south shore of Lake Ontario provides the right mix of soils and microclimate for many apple, cherry, plum, pear and peach orchards. Apples are also grown in the Hudson Valley and near Lake Champlain.

    New York is the nation’s third-largest grape-producing state, behind California, and second-largest wine producer by volume. The south shore of Lake Erie and the southern Finger Lakes hillsides have many vineyards. In addition, the North Fork of Long Island developed vineyards, production and visitors’ facilities in the last three decades of the 20th century. In 2004, New York’s wine and grape industry brought US$6 billion into the state economy.

    The state has 30,000 acres (120 km2) of vineyards, 212 wineries, and produced 200 million bottles of wine in 2004. A moderately sized saltwater commercial fishery is located along the Atlantic side of Long Island. The principal catches by value are clams, lobsters, squid, and flounder. These areas of the economy have been increasing as environmental protection has led to an increase in ocean wildlife.

    New York City is the leading center of banking, finance and communication in the United States and is the location of the New York Stock Exchange, the largest stock exchange in the world by dollar volume. Many of the world’s largest corporations are based in the city.

    NYCHA promises no evictions for the rest of the year

    NYCHA Chairman John Rhea came under blistering criticism from tenants, Public Advocate Bill de Blasio and the Daily News after calling the January rent credit ‘a nice little Christmas present.’
    NYCHA residents at the Red Hook Houses in Brooklyn still had no power in this picture taken November 11, almost two weeks after Hurricane Sandy hit.
    Blasted for delaying rent credits for Hurricane Sandy victims until January, the Housing Authority promised on Friday not to evict rent-tardy tenants through the end of the year.
    NYCHA Chairman John Rhea came under blistering criticism from tenants, Public Advocate Bill de Blasio and the Daily News after calling the January rent credit “a nice little Christmas present.”
    Tenants who lived without heat, hot water, elevators and power for as long as three weeks wanted a rent discount right away, worried that they would fall behind in December’s rent because of extra expenses incurred after Sandy.
    Last week, the Legal Aid Society and the New York Legal Action Group pressed NYCHA for the eviction moratorium for affected tenants.
    On Friday, NYCHA caved, agreeing not to pursue evictions of or default judgments against Sandy-affected tenants who don’t pay or are late with next month’s rent.
    The break will remain in place until Jan. 1 — the date the rent credit kicks in. The agency also agreed to postpone Housing Court cases that predate Sandy for tenants hurt by the hurricane.
    Housing officials estimated 81,000 tenants in 421 buildings lost power, heat and hot water after the storm hit.
    Jane Stevens of the New York Legal Assistance Group noted that NYCHA didn’t spell out whether nonpayments or late payments would be held against tenants in future hearings.
    De Blasio said tenants still should get an upfront break, and not face late fees if they can’t pay. “Until NYCHA makes those changes, it’s not doing right by its tenants.”

    Why NY?



    Why NY?
    New York's gross state product in 2008 was $1.1 trillion, ranking third in size behind the states of California and Texas. Globally, New York State (NYS) ranks as the 11th largest economy in the world. Its 2008 per capita personal income was $48,076, ranking 6th in the United States. A 2008 estimate places New York as the third largest state in population after California and Texas, with an estimated population of 19,490,297 as of July 1, 2008.  Its size, economic power, and proximity too many of the world’s leading companies, makes New York State an attractive place to invest.
    Major industries in NYS include clean technology, education, financial services, information and nanotechnology, and life sciences and biotechnology.  The following are just some of the reasons NYS is a prime place to invest in such industries:
    Upwards of 250 institutions of higher education, both public and private, whose direct economic impact exceeds $100 billion annually
    Ranks 2nd in the nation in total research and development investment
    Headquarters of 94 of the world’s Fortune 500 companies, the most of any state
    Goal of obtaining 45% percent of its energy from renewable resources by 2015
    Home of College of Nanoscale Science and Engineering (CNSE) at SUNY Albany, a $4.5 billion mexaplex which is the most advanced research complex of any university in the world
    In total NYS investment in nanotechnology has exceeded $13 billion