More Activity in Colombia – From Upstream

Houston American tries again in Colombia

Still fighting: Houston American Energy to test new well at its ‘sole risk’

Luke Johnson  28 June 2012 19:50 GMT

Embattled US explorer Houston American Energy has reached total depth in its latest attempt to find success at the CPO 4 block in Colombia.

The company said on Thursday that its Cachirre #1 well, spud last month, hit a total measured depth of 9486 feet.

Houston American said its two partners in the well, SK Innovation and Gulf United Energy, have both “elected to cease testing the Cachirre #1 well and therefore would propose to abandon the well at this point in time”.

“Houston American Energy disagrees with this decision” and plans to test the C-9 sand in the well at its “sole risk”, although it has deemed the other objective sands in the well “to be non-productive”. It will bear the full cost of testing and completion.

If the well is a success, the operator will bank full production of the well until it has recouped 900% of its testing and completion costs. Results of the well are expected to be available in 10 days.

It has not been a good 12 months for Houston American. The first well it drilled on the CPO 4 block, Tamandua #1, experienced “formation damage” that ultimately forced the company to abandon the well.

In March, chief executive John Terwilliger fended off rumours that the company was on the brink of bankruptcy and talked up what he called “a valuable portfolio of prospects”.

The Houston-based company announced in April that the Securities and Exchange Commission had launched a non-public formal investigation after its stock plummeted following its troubles in Colombia.

“The investigation does not represent a conclusion by the staff that there have been any violations of the federal securities laws nor whether the staff would conclude that any enforcement action is appropriate,” the company said at the time.

The stock was trading on the NYSE-AMEX at a 52-week high of $20.88 on 7 July last year. It opened on Thursday at 75 cents, a 52-week low, but was up to $1.13 late Thursday afternoon.

The Value of Privacy – From Technology

The Value of Privacy

More in this Business Report »

Wiping Away Your Siri “Fingerprint”

Your voice can be a biometric identifier, like your fingerprint. Does Apple really have to store it on its own servers?

1 comment

DAVID TALBOT

Thursday, June 28, 2012

istock | blankaboskov

Even in an age of vanishing privacy, people using Apple’s digital assistant Siri share a distinct concern. Recordings of their actual voices, asking questions that might be personal, travel over the Internet to a remote Apple server for processing. Then they remain stored there; Apple won’t say for how long.

That voice recording, unlike most of the data produced by smart phones and other computers, is an actual biometric identifier. A voiceprint—if disclosed by accident, hack, or subpoena—can be linked to a specific person. And with the current boom in speech recognition apps, Apple isn’t the only one amassing such data.

There may be a way to keep this identifier more private. Researchers say Apple and others developing voice recognition applications like Siri could do part of the data processing right on the phone. Then, instead of sending out the full recording, they could transmit specific information that is harder to definitively link to an individual.

“Maybe anything that IDs you should stay on the phone,” says Prem Natarajan, executive vice president at Raytheon BBN Technologies in Cambridge, Massachusetts, a major center for speech recognition research. He says it might be wiser for Apple to “transmit features from speech—and not the speech itself.”

While this approach would put more burden on the phone’s processor and battery, it wouldn’t hurt the quality of the speech recognition. “I think it is safe to say that not having access to the [full voice] signal does not impose any meaningful penalty,” Natarajan says. Limiting the amount of biometric data that gets shared would follow the example of devices such as Microsoft’s Kinect, which for privacy reasons have been engineered to keep such data onboard.

Trudy Muller, an Apple spokeswoman, confirmed that voice recordings are stored when users ask a spoken question like “What’s the weather now?” “This data is only used for Siri’s operation and to help Siri improve its understanding and recognition,” she said. Muller added that the company takes privacy “very seriously,” noting that questions and responses that Siri sends over the Internet are encrypted, and that recordings of your voice are not linked to other information Apple has generated about you. (Siri does upload your contact list, location, and list of stored songs, though, to help it respond to your requests.)

While voiceprints are not as unique as fingerprints, they can positively identify the speaker in many circumstances. The U.S. Department of Homeland Security uses voiceprints to identify frequent travelers who have enrolled in a system to allow speedy border crossings.

To see why voiceprints could matter, consider the murder trial of Casey Anthony, the Florida mother acquitted last year in the death of her two-year-old daughter, Caylee. At one point prosecutors pointed to Internet searches—for “chloroform” and other incriminating terms—made from the accused’s computer. Anthony’s mother testified to having typed in the search term herself, as a misspelling of “chlorophyll.” If the searches had been made by voice on Siri, it might have been possible for prosecutors—and jurors—to determine who actually said “chloroform.” (Apple declined to say whether it has ever received a subpoena for anyone’s voiceprint.)

Meanwhile, if you dictated an inappropriate text or asked Siri about a sensitive medical matter and Apple got hacked (or a malicious employee released data), not only would the embarrassing communication be released, but it would be in your own voice. Natarajan says biometrics could raise entirely new privacy questions. For example, someone searching for the location of a protest against a repressive regime could be in trouble if the data became available to that government. “If you have a group of people asking about protests, you now unfortunately have voice biometrics for those people,” he says.

Some observers, including large technology firms, are raising broader questions about Siri. Last month Technology Review reported that IBM had asked its employees not to use the feature, a decision IBM said was motivated by the need to protect contact lists and other sensitive company information. It’s a concern that other organizations should share, some experts believe. “If I were to run an intelligence agency or a large corporation, I would not allow such a service in-house,” says Radu Sion, a computer scientist at Stony Brook University and a leading researcher on cloud computing security.

Siri’s voice recognition works like this: you speak a question or request, and the voice recording is sent to an Apple server. There, the recording is broken down in a process called feature extraction, which numerically transforms the sound wave and pulls out relevant features. These are run through a speech recognition engine to interpret what you are saying and render it into text. Siri then uses resources that may include the Internet, your contact list (“Call Dad”), or your location (“Where is the nearest Thai food?”) to respond to your need.

There is no reason why the initial job of feature extraction couldn’t be done directly on the phone so that some elements could stay there. Pitch pattern, for example, is important for identifying the speaker but not for recognizing what was said. From a technology perspective, “you could send out the stuff the recognizer is going to work on, but not the full waveform,” Natarajan says. While this might not be a perfect solution, he says, “it would meaningfully improve privacy—and, perhaps more importantly, the perception of privacy, because you can’t reconstruct the voice signal from the features.”

James Glass, a senior research scientist at MIT and head of its Spoken Language Systems group, says that onboard processing, also known as distributed speech recognition, has been studied extensively. It doesn’t offer complete protection, he cautions: “Biometric methods that do speaker identification … typically use similar signal representations as those that only do speech recognition. So doing local [processing] wouldn’t completely anonymize the data, if that was your goal.”

He adds that the easiest way to anonymize a voiceprint is to disassociate the recordings from other data, like the cell-phone number. “It would mean that it would be harder for systems to personalize to your voice and queries, but some people might prefer that option if it gave them more privacy,” he says. “This is the position I would advocate for, as it is similar to how some apps ask permission to use your location right now.”

As more voice applications crop up in more settings, protecting biometric identifiers will become more important, says Andrew Sudbury, cofounder of Abine, an online privacy software company in Boston that helps consumers block tracking of their online activities. “It’s really almost a watershed moment, in that this is going to herald a very rapid rise of voice recognition being used in lots of places,” he says. “And it will get easier to do a fairly good job of identifying people through their voice.”

Indeed, one reason Apple might want to store full voiceprints is to retain the option of providing such services. In theory, a speech recognizer could know that it’s you talking, not your spouse or child, and give you personally tailored answers. “It would be pretty cool if you called in from a different phone and they could identify you,” Natarajan says.

A vast database of people’s actual voices is what would make this possible. Such features are still speculative, he cautions. But “all innovation is about doing things that nobody is planning right now,” he says. “I, too, would want access to all of that data.”

Patterson’s Eland

Mother and baby Patterson’s Elands at the San Diego Wildlife Park.

Uruguayan Drug Legalization – From the Economist

Uruguayan drug legalisation

Thinking the unthinkable

A bold, if fuzzy, proposal

Jun 30th 2012 | MONTEVIDEO | from the print edition

 

Soon to be used for dope?

 

RECENTLY Latin American leaders have begun to rebel against rigid drug prohibition and the decades-long “war” on drugs. So when Uruguay’s government this month released a document suggesting it would legalize and take control of the sale of cannabis in the country, this seemingly bold step attracted much media attention. Not so fast: the proposal amounts to one line in a 20-page report on the government’s strategy for tackling rising crime. And the details have not been hammered out even among members of President José Mujica’s cabinet, let alone in the country’s Congress. Nevertheless, something is stirring in Uruguay.

The National Drugs Board, which advises the president, favours a plan under which production of cannabis would be a state monopoly. The defence minister said he thought private companies should do the job, under government supervision. Mr Mujica announced that the state would distribute the drug in doses of no more than 30 grams a month, and track customers in a government register. Users would have to present the butts of their smoked cigarettes before receiving new stocks. No, such a database would be too authoritarian, said the defence minister.

Uruguay is one of very few countries where possession of drugs for personal use has never been a crime. About 5.6% of Uruguayans aged between 15 and 64 smoke cannabis, according to United Nations’ annual World Drug Report, released this week. That is slightly higher than the world average, but lower than in the United States and much of western Europe. These consumers fuel a business estimated to be worth between $35m and $75m. By legalizing supply, the government hopes to wrest these revenues from traffickers and use them to improve treatment and health facilities. They also aim to price cannabis cheaply enough to tempt users away from harder drugs such as cocaine and crack.

Mr Mujica’s left-of-centre government has a majority in both houses of Congress. But it is a narrow one. Even when officials have finalised a bill, approval is not certain. In 2010 Luis Lacalle Pou, an opposition congressman, proposed a bill to legalize cannabis cultivation for personal use. It was defeated. He says the issue is still not being treated seriously. Claudio Paolillo, the editor of Búsqueda, a weekly newspaper, dismisses the government’s proposal as a “smoke screen” to divert attention from a crime wave.

Nevertheless, the thinking by Uruguay’s government is the most daring in a growing debate about drug policy in Latin America. Organised criminal bands that traffic drugs—and the attempts to repress them—have wreaked havoc in the region, with murder rates soaring in Mexico and Central America. But world demand for illegal drugs has remained stable, according to the World Drug Report. The UN reckons that total production of cocaine in the Andes has declined somewhat since 2005, with a fall in Colombia partly offset by rises in Peru and Bolivia. But it admits there is uncertainty about the production estimates. Latin America has long since ceased to be merely a drug producer, with consumption rising fast in recent years. Argentina and Brazil have both suffered crack epidemics.

The leaders of Guatemala and Costa Rica recently called for a debate about legalizing cocaine. Colombia’s Juan Manuel Santos said he would favour this, if other countries led the way. Brazil is poised to vote on whether to decriminalize personal use of all drugs in June. Argentina has begun to debate a bill that would do something similar.

If Uruguay does approve the controlled legal sale of cannabis, that will put it in breach of the UN’s drug-control conventions, which prohibit drug sales for non-medical use. Many Latin American leaders think that this blanket ban has demonstrably failed, and want to be free to experiment with other approaches. The next step is for the region to mount a diplomatic offensive to reform the conventions.

from the print edition | The Americas

Mongolia’s Coal Riches Causing Diplomatic Nightmare – from the OilPrice.com Energy Intelligence Unit

Mongolia’s Coal Riches Causing Diplomatic Nightmare

By Charles Kennedy | Wed, 27 June 2012 21:35 | 1

Mongolia boasts huge deposits of coal, cooper, gold, uranium and many other rare minerals, and is opening up its vast resources to the world; this has however led to many diplomatic problems for the Asian nation.

Mongolia is unfortunately situated between Russia and China, and with no coast it relies on passing through these two countries; routes which Moscow and Beijing make Mongolia pay dearly for.

Currently the development of the world’s largest coal deposit at Tavan Tolgoi is being discussed, with international investors vying to get a share of the riches buried beneath the earth. One easy option would be to work exclusively with China on the mining of the coal, since nearly all of the coal will end up there anyway. However, Mongolia are reluctant to give China so much control over an important industry and revenue earner due to the fear that it will give the People’s Republic large political influence in Ulan Bator.

To avoid this situation the Mongols have spent years expertly playing a diplomatic game as they consider who should be granted the rights to develop an estimated 900-million-ton portion of the deposit, much of it prized coking coal essential for making steel. They must find a way to keep the Chinese and Russians happy, whilst at the same time not giving them enough power to politically influence the running of the country in the future.

The two main bidders at the moment are Shenhua Energy, a Chinese state-owned enterprise, and Peabody Energy, a multinational mining giant from St. Louis. As part of the constant rivalry between Washington and Beijing, the US is firmly supporting the bid from Peabody, whilst China increases its own diplomatic pressure to force the selection of Shenhua.

Mongolia knows that it is already vulnerable to China’s near monopoly over its exports, and as a solution has turned to the US for support, expanding cooperation between the two nations. The US has provided hundreds of millions of dollars in aid to Mongolia, as well as providing other forms of support, including granting thousands of visas to Mongolian students wishing to learn in the US. Mongolia must be careful though, because now that they have got into bed with the US, the US will expect payment, and they have their eye on Tavan Tolgoi.

As Puntsag Tsagaan, a presidential advisor on mining, admitted, “we are a small country sandwiched between two elephants. We can’t go to war and fight, so we have to secure our economic growth through diplomacy.”

One reason that Ulan Bator may be fretting, is that whatever decision they make someone is going to be left out. With two superpowers such as the US and China, who both hold reasonable influence over the small country, wanting to be given the lead role in the new project, Mongolia is going to have to say no to one of them and risk making a diplomatic enemy. Just last year when information about the discussions was leaked revealing that Peabody and China were destined to be the primary winners on Tavan Tolgoi, Russia, Japan and South Korea were outraged. To avoid any further situations the negotiations were put on hold until after the parliamentary elections.

The elections are due to be held tomorrow, at which point China and the US are bound to demand an answer. Who will Mongolia choose? The US seem to be in a strong position due to the close relationship they have been building over the years, but does Mongolia really want a scorned China sitting on their doorstep, especially considering the power that China has over other important Mongolian industries.

By. Charles Kennedy of Oilprice.com

Got My Eye on You

Took this picture at the San Diego Wild Animal Park near Escondido on a photo safari.

This fellow was really keeping his eye on the photographer.

Tour de France Starts this Coming Saturday

The premier three-week stage race opens this coming Saturday with a prologue in Belgium.  Looking at the course description, this will be the year for sprinters and time trial specialists.  This is probably not good news for Frank Schleck of Team Radio Shack Nissan Trek who is an excellent climber but less than mediocre time trial rider.  Moreover, he is on a team that might not exist next season as its sports director is under investigation by the USADA and its two top riders have already given signs they will be looking for new contracts next season.  Should the Schleck brothers move on, Fabian Cancellara will probably go too.

So who will win the General Classification, Points Jersey and the highly coveted King of the Mountain Jerseys?

I think Frank Schleck should forget about the GC title and go for the King of the Mountains (Red polka dot) jersey.  He has several riders capable of supporting him the the few really big climbing stages, so I am going with Frank on this.

The points (green jersey) should be a duel between Mark Cavendish of Team Skye and Peter Sagan of Liquigas-Cannondale.  Sagan blew everyone away at the Tour of California and the Tour of Switzerland.  Moreover, at the final sprint stage at the Criterium de Dauphine Cavendish was jumped at the finish line by an unknown rider from a development squad.  Cavendish had his lead out working perfectly and no one doubted he would win, but he finished second by an entire bike length.  I am going with Sagan on this.

Barring injury, the General Classification will go to Bradley Wiggins of Team Skye.  He is on great form and has totally dominated last year’s winner Cadel Evans of BMC Racing Team.  No repeat here.

I do not know who all the new riders are and am not picking a winner for the best young rider.  Any thoughts on this?

This year’s race promises a lot of excitement with bunch sprints, but I am a climber myself and will miss having a lot of mountain top finishes.  Relax, kick back, record it on the recorder so you can re-watch the race to your heart’s content.

Music as Alchemy – From Intelligent Life

Classical music

Conjurors

Jun 23rd 2012 | from the print edition

 

 

Music as Alchemy: Journeys with Great Conductors and Their Orchestras. By Tom Service. Faber and Faber; 292 pages; £18.99. Buy from Amazon.co.uk

IN “FANTASIA”, Walt Disney’s 1940 film of musically inspired animations, each piece begins and ends in the same way, with the silhouetted figure of Leopold Stokowski, a British conductor who died in 1977. He stands alone against a dark red background while the mysterious movements of his hands conjure the music in and out of being. “Fantasia” was hugely popular, and made a notable contribution to cultivating a wider appreciation of classical music. But it also unwittingly peddled the still pervasive myth that conductors are, in effect, magicians—sorcerers who single-handedly extract waves of finely variegated sound out of thin air.

Tom Service, a British radio presenter and writer on classical music, has taken the mysterious business of what conductors actually do as the subject of his first book, “Music as Alchemy”. Conductors, including the ones studied in this book, have been scrutinised before, often in considerable detail. What sets Mr Service’s book apart, in addition to its breezy tone and infectious, easily worn enthusiasm, is his focus on the relationship between the conductor and his or her orchestral musicians. Many hours have been spent not just in concerts given by the six conductor-orchestra pairs taken as his subject, but in observing them in the rehearsals beforehand and quizzing members of the orchestra about their side of the experience.

This is not a method that would pass muster in scientific inquiry—few orchestral players would be rude in print about their chief conductor—but it yields some insightful results. The reader learns, for example, that most players in the Budapest Festival Orchestra do not really mind when Ivan Fischer lays down the law, but that the players of the robustly democratic Concertgebouw Orchestra most certainly do. Mr Service finds that the London Symphony Orchestra see the benefit of Valery Gergiev’s high-octane, “everything will be all right on the night” attitude, but that the Berlin Philharmonic rely on a slightly more thorough approach from Sir Simon Rattle.

The interviews with the conductors themselves, awkwardly woven into the narrative as full transcripts, are not particularly rewarding. The book’s strength is in its mix of stories and perspectives, which ably convey the murky process by which orchestras and conductors build a bond of mutual trust.

The most illuminating chapter is perhaps the final one, about the relationship between Claudio Abbado and the Lucerne Festival Orchestra. Famously reticent, Mr Abbado gives little away himself, but his players say it all for him—a fine confirmation of his gifts as a conductor. He is special, the musicians explain, not merely because of his clarity of vision, authoritative analysis or the mysterious energy of his gestures, but rather because of the way he listens. He appears to live the music, inviting them to live it with him.

Players need to believe conductors understand what they are doing, and that their individual efforts make a difference. Conductors, in turn, need to trust their orchestras to do everything possible to make the music happen in the moment. The currency of this trust is listening, and one of the most interesting pictures to emerge from the book is that of the conductor as a kind of chief listener. Hand gestures, whether the baton-traced polygons of the textbooks or the mysterious finger-flickerings of Mr Gergiev and Mr Abbado, are construed less as specific directions than as signs of a kind of ultra-responsive listening, a listening which feeds back into how the players hear each other.

As the book’s title suggests, it may indeed be most appropriate to think of this listening process as a kind of magic. But if so, it is a magic that comes through dedication, not sorcery.

from the print edition | Books and arts

South Korea First Asian Nation to Cut Off Iranian Imports – Oil Price Intelligence Reports

South Korea Become First Major Asian Customer to Halt Iranian Imports

By Charles Kennedy | Tue, 26 June 2012 20:54 | 1

The EU embargo on Iranian oil is due to take effect on the 1st of July, but just before that date Ramin Mehmanparast, a spokesman for the Iranian Foreign Ministry, has issued a threat saying that if the embargo is allowed to work, it will have a “negative impact” on Tehrans’s negotiations over its nuclear program.

Last week in Moscow Iran met with six world powers to discuss its nuclear program, and yet again no progress was made in resolving the conflict. A “negative impact” would only make things even harder, drag the affair out for longer, and potentially have a larger effect on global oil prices.

Due to pressure from the US and EU on countries that import Iranian crude, the International Energy Agency says Iran is exporting only 1.5 million barrels a day, 40% less than six months ago.

One of the most profound effects of the EU embargo is the loss of insurance coverage for tankers carrying Iranian crude oil. Most tankers in the world are covered by Western protection and indemnity clubs, with the majority of brokers based in London. The loss of this coverage means that few countries are willing to import Iranian crude.

South Korea has just become the first of Iran’s major Asian customers to stop all oil purchases. In a joint statement by the economy, finance, and foreign affairs ministries, they announced it would halt all imports from the 1st of July due to the loss of insurance for tankers.

If more countries follow suit the embargo could have sufficient impact in order to force Iran back to the negotiating table with a bit more willingness to strike a deal. Well that’s that the West are hoping.

By. Charles Kennedy of Oilprice.com

The US $’s Demise?

Brazil and China in R$60B Currency Swap

June 26, 2012 | Filed underBusiness | Posted by 

By Lucy Jordan, Contributing Reporter

BRASÍLIA, BRAZIL – Wary of dependence on the dollar, Brazil and China on Thursday agreed to a R$60 billion currency swap, shoring up their economies and increasing liquidity in the wake of continued instability in Europe and the United States.

President Dilma Rousseff and Chinese Prime Minister Wen Jiabao shake hands during a meeting in Rio last week, Brazil News

President Dilma Rousseff and Chinese Prime Minister Wen Jiabao shake hands during a meeting in Rio last week, photo by Blog do Planalto/Wikimedia Creative Commons License.

“It is a measure that reinforces the economies of both countries,” Brazil’s Minister of Finance Guido Mantega said in a statement. “It is as if we had a reserve of additional resources for times when the international economy is stressed.”

Under the initiative China will be able to access up to R$60 billion from the Brazilian Central Bank for bilateral trade, or to bolster reserves as needed. Brazil will have equal access to 190 billion yuan from China.

The initiative was discussed by BRICS nations at last week’s G-20 summit in Los Cabos, Mexico. It is designed to strengthen ties between the group, which has been lobbying for greater influence at the international table, and to enable them to better withstand the global economic crisis.

The five countries also discussed creating a pool of reserves to dip into in times of need. Together, theBRICS countries have the largest volume of reserves in the world, at US$4.5 trillion.

Antony Mueller, a professor of economics at the Federal University of Sergipe, said that BRICS were keen to find a way to reduce their reliance on the dollar. “Emerging economies, and the BRICS in particular, seek for a way to lessen their dependence on the dollar for international trade,” he said in an email Friday. “Both the real and the yuan do not (yet) qualify as international currencies. Therefore, these countries … establish bilateral currency arrangements.”

China, keen to promote the yuan as a global reserve currency, has established a raft of currency swap agreements with countries including Japan and Thailand in recent years. Brazil is the largest economy to date to sign such an agreement.

The leaders of the BRICS nations pose for a photo during the G-20 summit in Mexico last week, Brazil News

The leaders of the BRICS nations pose for a photo during the G-20 summit in Mexico last week, photo by Blog do Planalto/Wikimedia Creative Commons License.

The deal was made during a meeting between President Dilma Rousseff and Chinese President Wen Jiabao, in Rio for Rio+20. Brazil and China also signed accords designed to boost investment, trade and cultural exchange.

The two countries inked agreements to increase exports of Brazilian aircraft made by Embraer to China, and to establish a factory in China for the construction of aircraft manufacturer’s jets. There will also be increased cooperation in aerospace technologies, with the launch of one joint satellite this year and a second in 2014.

The agreements come in the wake of recenttensions over trade between the two nations, which has hitherto been dominated by Chinese demand for Brazil’s unrefined commodities and Brazilian consumption of cheap Chinese goods. In an effort to bolster domestic manufacturers, Brazil has recently raised taxes on many imports, a move that will disproportionately affect Chinese producers.

Professor Mueller warned that such bilateral trade agreements were suboptimal. “In a wider historical and global perspective bilateral agreement for trade and finance are ‘third-best solutions,’” he said, “The first best being free trade and a global currency with the second-best solution being wide regional free trade areas (such as EU and Euro).”

Accounting for seventeen percent of Brazil’s international trade, or some US$77 billion, China overtook the U.S. in recent years to become Brazil’s biggest trading partner. Mantega said that trade would continue to expand. “China is growing fast and wants to stimulate consumption,” he said. “There’s no limit to how much trade can grow.”

 Read the balance of the article in the RioTimesOnline