TAP Management in Austin, TX Reviews Economic Benefits of Eagle Ford Shale

TAP Management, headquartered in Austin, Texas, reviews the economic benefits the Eagle Ford Shale boom is providing local communities in South Texas. The impact of the shale formation is being referred to as one of the largest economic developments in Texas history.

A study conducted by the University of Texas at San Antonio reported staggering figures regarding the economic impact of the Eagle Ford Shale in 2011. According to the study, development of the Eagle Ford generated more than $25 billion in revenue for the 23 counties surrounding the region last year.

Activity from the formation accounted for $257 million in local government revenue, added more than $358 million to state revenues, and spurred triple digit sales tax figures for various nearby counties.

Sales tax receipts in Karnes City, a small community situated about an hour’s drive south of San Antonio, doubled to more than $458,000 between 2010 and 2011. Carrizo Springs also received twice as much sales tax in 2011 and collected more than $1.7 million.

The Eagle Ford Shale supported over 47,000 full-time jobs in 2011. The report’s more moderate projections estimate that the shale formation could create as many as 117,000 jobs by 2021. Activity in the Eagle Ford provided a total of $3.1 billion in the form of salary and benefit wages. Furthermore, production from the shale formation contributed more than $12.6 billion in gross regional product.

In 2011, oil production in the Eagle Ford increased six-fold, gas output levels doubled and condensate production tripled. Revenue from the Eagle Ford Shale spike is being invested back into the surrounding local communities.

Both new schools and hospitals are being built and training programs intended to make the most out of the local workforce have been implemented. Capital gains from the formation are also contributing to the development of roads and bridges in the surrounding counties, a territory that has been previously regarded as one of the poorest areas of Texas.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

TAP Management in Austin, TX Reviews Future Energy Forecasts

TAP Management, headquartered in Austin, Texas, reviews energy patterns and predicts how they will impact our future energy needs. One of the largest proponents of the rising demand of energy is the world’s rapid population growth. Global population is expected to reach 9 billion by 2040, a 25 percent increase from 2010.

Population and economic growth are key factors behind the increasing global energy demand. According to ExxonMobil’s Outlook for Energy, the international supply of energy will need to be roughly 30 percent higher in 2040 compared to 2010.

During this period, the number of households worldwide will increase by nearly 50 percent, reaching approximately 2.8 billion homes. These households will require energy for lighting, air conditioning, heating, refrigeration, cooking, hot water, appliances and other electronic devices such as computers.

The need to convert energy into electricity will continue to be the single largest driver of demand. By 2040, electricity generation will be responsible for more than 40 percent of global energy consumption, with oil, gas and coal being the most widely used fuels. These fossil fuels will account for roughly 80 percent of total energy consumption by 2040.

Although oil will remain the world’s top source of energy, the fastest-growing energy resource will be natural gas. Global reliance on natural gas is expected to rise by about 60 percent between 2010 and 2040. By 2025, this fuel will become the second-most widely used energy source on the planet.

By 2040, commercial transportation energy requirements will rise by more than 70 percent. Most of this growth will stem from heavy duty vehicles such as freight trucks, buses, emergency vehicles and work trucks. Furthermore, energy experts predict that in 2040, 90 percent of global transportation methods will still be powered by petroleum fuels.

Considering these figures, it is imperative that oil and natural gas producers meet the rising global energy demands caused by the population increase. In order to meet global energy demands, TAP Management and other oil and natural gas producers will work towards increasing the world’s energy supply by investing in domestic development projects.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

How Rising Gas Prices Affect the Economy

Research from the World Economic Forum indicates that economic growth and recovery is strongly correlated with a stable energy sector.

Considering the financial impact that gasoline prices have on Americans and the current economic climate, TAP Management and other domestic oil producers are doing their part to reduce the financial burdens caused by spiraling gas prices.

According to the New York Times, the typical American driver consumes 60 gallons of gasoline each month. When gas prices increase, the amount of discretionary income that consumers have is reduced.

For instance, a 50-cent price increase equates to an additional monthly expense of $30 for every American driver – a yearly increase of $360. This figure is compounded in households that have multiple drivers, and adversely affects the amount of money households can redistribute into the economy.

When gas prices climb, especially over $5 per gallon, evidence suggests that the stock market also suffers. Commodity strategist John LaForge of Ned Davis Research reported that a price increase of 33 percent or more during a six month period results in a weakened stock market performance – a situation that United States has encountered recently.

Furthermore, stocks for airlines, freight carriers and other companies that rely on gasoline are also negatively affected because they lack sufficient pricing power to offset the increased fuel costs. Therefore, as stocks fall, the market and individuals’ portfolios are affected similarly.

Combined data from the Energy Information Administration (EIA) and U.S. Department of Labor shows that there is a strong connection between gas prices and the unemployment rate. When gas prices increase, the unemployment rate also rises sharply.

The spike in fuel prices that Americans have encountered recently has caused a great deal of uncertainty regarding the unemployment rate in 2012. However, experts suggest that the national average will hover around 9 percent this year.

Considering the dire effects that rising gasoline prices have on our national and global economy, providing a stable, long-term energy solution is critical. TAP Management, and companies that share a similar focus, are dedicated to improving the quality of life for Americans.

Increasing the domestic supply of oil will ensure lower gasoline prices for consumers, reduced operational costs for manufacturers, thousands of jobs for Americans, and a more timely economic recovery.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

Fraud Concerns Stemming from Apple Device ID Leak

A group of hackers known as AntiSec have compromised 12 million Apple iOS Unique Device IDs (UDIDs) and other personal information from Apple users. This group allegedly posted one million of the hacked IDs on the site Pastebin, along with a detailed explanation of how the hackers allegedly obtained the IDs from the FBI.

AntiSec claims, “During the second week of March 2012, a Dell Vostro notebook, used by Supervisor Special Agent Christopher K. Stangl from FBI Regional Cyber Action Team and New York FBI Office Evidence Response Team was breached using the AtomicReferenceArray vulnerability on Java, during the shell session some files were downloaded from his Desktop folder one of them with the name of ‘NCFTA_iOS_devices_intel.csv’ turned to be a list of 12,367,232 Apple iOS devices including Unique Device Identifiers (UDID), user names, name of device, type of device, Apple Push Notification Service tokens, zipcodes, cellphone numbers, addresses, etc.”

Despite the claim, the FBI denies that the agency ever had the data the hackers allegedly stole. In a statement to Mashable, the government agency responded “The FBI is aware of published reports alleging that an FBI laptop was compromised and private data regarding Apple UDIDs was exposed. “At this time, there is no evidence indicating that an FBI laptop was compromised or that the FBI either sought or obtained this data.”

An Apple Unique Device Identifier (UDID) is a sequence of 40 numbers and letters that are specific to any Apple device. Although UDIDs do not contain a wealth of information, when combined with other personal information such as iTunes passwords, billing addresses and payment data, the identifier poses some very serious risks for Apple users.

According to a LastPass spokesperson, “The biggest concern is that the Pastebin indicates that UDID, user name, name of the device, push tokens, zipcodes, cell phone numbers, address were part of the original leak … Knowing this personal information, what Apple devices you have and their IDs, the most immediate concern is identity theft.”

Although Apple users should be concerned with identity fraud, another possible and potentially more dangerous threat this leak raises is social engineering.

The same LastPass spokesperson explained, ““If someone knows you have an iPhone and has your cell phone number, address, the UDID of your device, a phone call from a person purporting to be from Apple with information only Apple should have asking for even more information could be an issue.”

If you have an Apple device and want to check to see if your data was leaked, LastPass offers a tool to help you determine if your device has been compromised. However, if your UDID of your device does not appear, it could still be among the other millions of devices that have been compromised. Remember, only one million of the supposed 12 million UDIDs have been posted.

Unfortunately there is very little that affected users can do to combat the leak. However, it is strongly recommended that these users consider signing up for a credit monitoring service. Furthermore, those that can afford to should also consider purchasing a new device.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

Investing in Oil Means Investing in Your Nation (512) 527-6000

According to the U.S. Census Bureau, petroleum imports account for over 50 percent of the U.S. trade deficit.

This is just one of many reasons that TAP Management and other domestic oil producers are determined to reduce our dependence on foreign oil. Contact us at (512) 527-6000 to help restore our nation.

Facebook Scam Disguised as Photo Notification

The next time you receive an email notification about a friend tagging you in a photo, proceed with caution. You could be the target of the latest Facebook scam.

A new strain of malware has been circulating the social network and encouraging users to view photos as an attachment. Once you have clicked on the malicious link, which is disguised as a Facebook notification email, a ZIP file containing malware allows hackers to control any Windows-based computer.

Most Facebook email notifications include the name of the friend that has tagged you in a picture. However, these infected messages state that “one of your friends added a new photo with you to the album.” This is what the fake email message looks like:

Spammers have previously used Facebook tagging to prey on unsuspecting users. Last month, experts at SophosLabs detected another malware campaign posing as a Facebook photo tag notification. The emails in this attack did not contain attachments. Instead, they linked to compromised websites which attacked visitor’s computers with the Blackhole exploit kit.

The widespread use, popularity and social influence of Facebook has made the social networking site an ideal place for hackers to prey on the oblivious. Because of this, both individuals and businesses should proactively promote the awareness of these online threats to reduce the impact of such deviant efforts.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

Complainers Bad for Brain, Complaints Good for Business

An article titled “Listening to Complainers Is Bad for Your Brain” received a substantial amount of circulation on social media channels last week. The article explains that neuroscientist have developed a means of measuring brain activity in response to various stimuli.

The central message of the article is simple – when you are exposed to large amounts of complaints, you are more likely to behave similarly. Results from these neurological studies also suggest that overexposure to complaints can even reduce your intelligence level.

However, there is a large difference between a complaint and pointing out an issue. Trevor Blake, author of Three Simple Steps: A Map to Success in Business and Life, differentiates the two terms by offering the following explanation:

“Typically, people who are complaining don’t want a solution; they just want you to join in the indignity of the whole thing. You can almost hear brains clink when six people get together and start saying, ‘Isn’t it terrible?’ This will damage your brain even if you’re just passively listening. And if you try to change their behavior, you’ll become the target of the complaint.”

The article then offers several tactics to defend yourself and your brain from such negativity. Although the information is interesting and engaging, it fails to demonstrate the value of complaints to businesses.

Simply stating that complainers are not looking for solutions is an overgeneralization. Although there are people that could be designated as “complainers,” (because they constantly are complaining about rather trivial issues) there are without a doubt complaints that are highly warranted.

Therefore, responding to negative feedback from customers, especially disgruntled buyers, is crucial to the success of any organization. But how should businesses respond to complaints? For starters, they should listen.

For the sake of this discussion, it is important to realize that hearing and listening have two very different meanings. Hearing is a physical trait that implies acknowledgement, whereas listening requires analyzing the content of the message, interpreting the information presented and performing an action based on contextual evaluation.

In other words, listening requires more effort. Obtaining feedback and compiling complaints can be done rather easily. However, responding to a complaint requires a great deal of internal processing.

There are a number of complaint management theories on how to handle issues that have been raised by consumers. Although most organizations are typically focused on “avoiding complaints,” a substantial amount of evidence suggests that encouraging complaints, evaluating the raised issues and reacting to them can greatly increase your customer experience.

Remember, even the most satisfied of customers can find something to complain about. Therefore, businesses should make it easy for customers to complain because it will help them develop deeper insights about their market. If organizations effectively respond to customer complaints, the likelihood of company success is greatly increased.

Taking the time to evaluate complaints, uncover any unforeseen issues and responding to customers with a pragmatic solution can be an extremely valuable means of transitioning dissatisfied patrons into loyal customers.

Furthermore, building a loyal following can greatly reduce the number of complaints an organization receives. This can also help reduce the amount of time required to resolve issues because influential customers, especially when they perceive the complaint to be insignificant, will voluntarily assist you with this process purely out of appreciation for your product or service.

Complaints, no matter how big or small the issue is perceived to be, should be viewed as a gift. They are an easy and highly rewarding means of gaining unique insight from customers. Because of this notion, TAP Management complaints are treated as golden opportunities for success, growth and long term survival. Fostering a culture and company atmosphere that embraces this philosophy is essential to our brand.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

Fracking: Chemical Compounds & Best Practices

Over the past several years, industry officials and environmentalists have argued over the health and environmental impacts of fracking fluids.  A great deal of media attention has been placed on fracking in recent months. The EPA and similar environmentally focused organizations have expressed concerns regarding the types of chemicals used in this innovative extraction method.

However, the chemicals used in fracking can be found in many products that Americans use every day. Such products include soda, printer paper, laundry detergents, hand sanitizer, antacids, and even hot dogs. The chemicals included in these items are used for a variety of reasons. A slideshow created by Fuel Fix, offers a nice visual demonstration and explanation of products that contain fracking chemicals. Review the slideshow by clicking here.

Oil and natural gas producers have experienced criticism in the past for not revealing the chemical make-up of their fracking fluids. However, the Frac Focus Chemical Disclosure Registry website provides a detailed list of the most commonly used hydraulic fracturing chemicals, their purpose and the function each. Review the detailed list here.

Frac Focus is a joint venture of the Ground Water Protection Council and the Interstate Oil and Gas Compact Commission. The organization’s website also includes an extensive database of fracking chemicals reported voluntarily by drilling companies.

The educational mission of this organization is to better inform the public about fracking and groundwater protection – an organizational focus that is guarded through stringent well completion requirements and other casing necessities.

Fracking is providing a variety of benefits to local communities throughout the United States. Moreover, results from the Citi GPS Energy 2020 report suggests that the “shale gas revolution,” which has been accelerated by fracking technology, could result in the re-industrialization of America.

This conclusion is being drawn from the increased number of drilling related jobs and the lowered costs the shale gas boom is providing millions of businesses and consumers nationwide. The boom has also spurred multi-billion dollar investments in “cracking” facilities. These operations convert natural gas into ethylene – a base feedstock for polyethylene and other plastics used in a variety of U.S. businesses. Therefore, production from shale is making U.S. businesses more competitive nationwide and contributing to the overall improvement of our economy.

A healthy energy sector is imperative to both the economic recovery and energy independence of the United States. Nevertheless, it is important for any business of any industry to act responsibly in their efforts.

An article published by Rigzone offers some best practices for companies that engage in fracking techniques. Review the detailed list of these recommendations by clicking here.

By acting in accordance with environmental regulations and utilizing such best practices, TAP Management and other responsible oil and natural gas producers aim to increase the number of drilling projects in the U.S. while respecting the complaints and concerns of environmental organizations.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

See Who Viewed Your Facebook Profile Scam

Applications and web-based services that claim to let you see who’s viewed your Facebook profile are 100 percent fake. Facebook has officially explained on its FAQ page that such functionality is not provided through its own platform or through third party applications.

Despite countless warnings, thousands of curious users determined to figure out who has been visiting their profile are generating “business” opportunities for scammers and phishing attackers. Those who have been fooled by this “profile viewer” tactic are allowing these rogue apps to obtain information, passwords and permissions to their Facebook profile.

Once these rogue applications have access to your account, the scammers behind them can post anything they want to your profile such as spammy or malicious links. This access allows the developers of the apps to disguise scams or other malicious attacks through the infected profiles – rapidly spreading them across the social network.

Because Facebook is prevalently used by both consumers and businesses, employers should take the time to educate their employees about these online threats. This will help prevent individual users from being duped and help businesses ensure that private company information does not end up in mischievous hands.

Be extremely wary of any service or app that claims to show you who has been viewing your Facebook profile.  If you have fallen prey to one of these app-jacking scams, review Facebook’s instructions to learn how to revoke the application’s access to your account.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000


Romney Determined to Achieve Energy Independence by 2020

With the November election just around the corner, headlines centered on political issues are dominating the mainstream media.  Perhaps the most prominently covered debate focuses on our nation’s future energy policy.

Achieving energy independence by 2020 is the core focus of Mitt Romney’s energy plan. By opening up the Atlantic coast to oil and gas development and providing states control over energy development on federal lands within their borders, Romney aims to create 3 million jobs and add $1 trillion to federal, state and local government revenues.

However, the plan excludes oil and gas production on lands that are specially designated as off-limits. Furthermore, the state’s development decisions would continue to be reviewed and approved by the federal government.

The Romney administration would also seek to energy partnership with Canada and Mexico in order to allow construction of the Keystone XL pipeline from Canada to Texas. The project, which has the ability to create jobs, stimulate economic growth and strengthen our energy relationship with Canada, has been delayed under the current administration.

Industry officials that support Romney’s energy plan describe it as “realistic” and believe that by aggressively developing our nation’s abundant resources, the U.S. can become an “energy superpower.”

According to the Independent Petroleum Association of America, the chairman of Bretagne LLC (an oil and gas company based in Nashville) stated, “The Romney plan demonstrates a very clear understanding of how America’s oil and natural gas companies, like mine, work.”

The proposed energy plan also aims to improve the environmental review process by setting clear deadlines and statues of limitations. These efforts will require more effective coordination between federal agencies and allow state reviews to satisfy federal requirements.

Denver-based Western Energy Alliance (WEA) applauds Romney’s plan, claiming that it “recognizes that empowering states, rather than imposing a one-size-fits-all government approach, is the right way to increase American energy, create jobs, and grow the economy.”

TAP Management and other oil and gas proponents are anticipating and energy policy that promotes the development of our nation’s natural resources. Such a focus has the potential to generate jobs, more stable energy prices and other economic benefits for American citizens.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  (512) 527-6000

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