A natural gas discovery could hold a potential of 30 trillion cubic feet of lean gas in place (5.5 billion barrels of oil equivalent in place) covering an area of about 100 square kilometres. It’s the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s …
Saudi Arabia on Wednesday night launched airstrikes against Iranian-backed Shiite rebel forces in Yemen, responding to distress calls from the U.S.-backed Yemeni president who was fleeing the country in the face of relentless advances by the rebels. The intervention brings the risk that Yemen will become ground zero for a proxy war pitting Saudi Arabia …
China’s official GDP amounted to 56.9 trillion yuan (9.3 trillion US dollars) in 2013. However, the aggregate of the provincial GDP figures, which were independently calculated and released, was about 2 trillion yuan more than the 56.9-trillion-yuan figure arrived at by the NBS, even though three of the 31 localities that were yet to release …
The Mercedes-Benz Biome is an ultralight vehicle that utilizes technologies from nature to achieve unparalleled efficiency and seamless integration into the ecosystem The Toyota NORI concept challenges us to look ahead and create a clever vision that addresses fuel economy, emissions, green materials, new design and manufactured technology, and transforms it into an emotionally appealing …
The Hall Weather Machine is a thin global cloud consisting of small transparent balloons that can be thought of as a programmable and reversible greenhouse gas because it shades or reflects the amount of sunlight that hits the upper stratosphere. These balloons are each between a millimeter and a centimeter in diameter, made of a …
Light Crude has fallen below $92. It was at $91.90 at 11:36 a.m. Singapore time on the New York Mercantile Exchange. The plunge in oil, cotton and copper led to the Reuters/Jefferies CRB Index of 19 commodities erasing its gains for the year. The CRB index fell 3.3 percent to 348.26 yesterday, down 2.9 percent …
A proposed portable nuclear reactor (simplified solid core) is the size of a hot tub and will be able to generate 27MW. It is in funded development. A 200 KW version of the Vasimr engine is being ground tested in 2008 and a flight version is being readied for 2010. Seven of the nuclear generators …
Fortune magazine has a feature on the progress of Shell to get oil from shale. Hat tip to futurepundit. Shell declines to get too specific about how much oil it thinks it can pump at peak production levels, but one DOE study contends that the region can sustain two million barrels a day by 2020 …