Jim Van Blaricum is an American entrepreneur, mostly in the oil and gas industry. Van Blaricum was born in Berrien Springs, Michigan to James Van Blaricum and his mother, Simonne. Jim Van Blaricum has gone on to be a successful businessman, creating several companies.
James Van Blaricum invited the local journal to hear his side but they never came out or put forth an effort to interview Van Blaricum.
“They never did contact me. I called them afterwards, and said in all fairness of hearing both sides of the story, why didn’t you contact me? They said that they did try, but I suspect that there wasn’t a lot of effort put forth because I was in the phone book. They said that they were going to publish my side of the story, so to speak, but they never called back. We never had any opportunity to correct what I saw as erroneous information.”
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James Van Blaricum - Oil falls to near $118 in Asian trading as dollar gains
SINGAPORE - Oil prices fell Thursday as the U.S. dollar strengthened and after a U.S. government report showed a build in crude supplies.
The greenback was higher in early Asian trading after taking back some ground against the euro Wednesday. A stronger dollar makes commodities such as oil less attractive as a hedge against inflation and makes oil more expensive to investors overseas. The weakness of the dollar compared to the first-half of last year has been a primary factor to crude oil's sharp rise in recent months.
"The recovery in the U.S. dollar weighs on oil prices," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
The U.S. Energy Department's Energy Information Administration reported Wednesday that crude stockpiles grew 2.4 million barrels last week — more than double what analysts expected, and the first crude inventory gain in three weeks.
Despite the gain, prices continued to be supported by concerns about supplies worldwide. About 170,000 barrels a day of Nigerian production remained shut-in following a pipeline attack earlier this week. BP PLC is also considering shutting down its 700,000-barrel-a-day Forties pipeline system if a strike continues at a U.K. refinery.
Light, sweet crude for June delivery fell 27 cents to $118.03 a barrel in Asian electronic trading on the New York Mercantile Exchange by midmorning in Singapore. The contract settled 23 cents higher at $118.30 a barrel Wednesday.
The EIA also reported that gasoline stocks fell 3.2 million barrels last week, about a million barrels more than expected. Gasoline supplies have been falling lately, raising concerns about stockpile levels as the Northern Hemisphere summer driving season approaches.
Those concerns about motor fuel supply are exacerbated by the possible shut-in of BP's Forties pipeline system. Both the North Sea and Nigeria produce oil that is low in sulfur and other impurities, which makes it ideal for gasoline production. Prospects that gasoline output may fall further just ahead of peak demand have led some analysts to believe that gasoline prices will drive the oil spectrum higher.
But Shum noted also that gasoline inventories remain above the five-year average for this time of the year, despite the decline.
Signal Oil and Gas
"Even though the gasoline inventory dropped sharply, the inventory at this time of the year in the U.S. is at the top end of the range despite several weeks of declines," he said. "The overall level of gasoline stocks is at a healthy level and so there should not be any concern about tightness in supply."
Stockpiles of distillates, which include heating oil and diesel, fell 1.4 million barrels, more than four times the expected level. Signal Oil and Gas
James Van Blaricum - Heating oil futures fell 0.5 cent to $3.32 a gallon while gasoline prices dropped 1 cent to $3.0407 a gallon. Natural gas futures added 0.4 cent to $10.785 per 1,000 cubic feet.
Brent crude futures fell 22 cents to $116.24 a barrel on the ICE Futures exchange in London. James Van Blaricum
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Signal Oil and Gas
James Van Blaricum
James Van Blaricum