Domestic crude oil production in the United States in the next 10 years is expected to reach levels not seen since the 1990s, the EIA predicted.

The U.S. Energy Information Administration in its annual energy outlook for 2012 predicted domestic crude oil production would grow more than 20 percent during the next decade.

Last week, U.S. Rep.

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SWOT analysis is a simple planning tool that compare strengths and weaknesses with opportunities and threats to create an action plan.

Strengths and weaknesses are internal to the business or individual being analyzed while opportunities and threats are external factors.

While SWOT analysis can be used for personal development, it’s most commonly used as a business planning tool.

I call SWOT analysis the Swiss army knife of business planning tools because it can be used for so many different planning purposes.

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Weak inflation raises chance of rate cut

Will low inflation figures influence the RBA’s decision on another interest rate cut?

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  Published on Jan 16, 2012     Purchase this article for republication   Buy SPH photos    

NEW YORK (AFP) – Carnival Corp, the owner of the luxury liner that ran aground off the Italian coast with the loss of at least six lives, said on Monday the initial cost of the disaster was US$85-95 million (S$110-123 million).

The company said its priority was the ‘safety of our passengers and crew’ and expressed condolences to the families of those who had died when the ship grounded and then pitched over to leave it half submerged late on Friday.

‘A damage assessment review of the vessel is currently being undertaken…

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Had Boeing secured a controversial Air Force tanker contract during an earlier round of bidding, the company would not be closing its Wichita facility, analysts and a tanker advocate said.

The $35billion tanker bid dragged out for nearly a decade over three rounds of politically charged competition, marked by ethics violations and technical mistakes.

If Boeing would have started building tankers in Wichita three or four years ago, at this point, they would be looking at ways to put work inside the facility rather than take it out, said Lexington Institute defense analyst Loren Thompson.

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AAP

German auto giant Volkswagen said it was sticking to its plan to assemble 400,000 cars this year at its Slovak plant despite a gloomy economic outlook.

The economic situation has changed but we are sticking to our plans to make 400,000 cars this year, Volkswagen Slovakia chief executive officer Albrecht Reimold told AFP after talks with Slovakia’s Prime Minister Iveta Radicova in Bratislava.

Volkswagen said last month it planned to raise output of four-wheel drive vehicles at its Slovak plant by 25 per cent this year to meet rising demand.

With 7,000 employees, Volkswagen is among the biggest employers in the Slovakia, a country of 5.4 million plagued by high unemployment exceeding 13 per cent.

The carmaker, which produces the high-end Touareg, Audi Q7 and Porsche Cayenne models at the plant in the Slovak capital Bratislava, will publish the 2011 results later this year.

Volkswagen launched production of small family cars at its Slovak plant last year, following rivals South Korea’s Kia Motors and France’s PSA Peugeot Citroen.

Volkswagen exports nearly all of the cars produced at its Slovak plant, with some 36 per cent going to Germany and nearly 19 per cent to China.

Auto production is the driving economic force in Slovakia, which joined the European Union in 2004 and eurozone in 2009.