Cheap oil shock could see $30 per barrel before stabilizing around $70 – Russia is close to financial collapse

Canadian Natural Resources Ltd. Chairman Murray Edwards said crude oil may sink as low as $30 a barrel before rebounding to stabilize at $70 to $75 a barrel, the Financial Post reported. Oil has dropped 38 percent this year and, in theory, production can continue to flow until prices fall below the day-to-day costs at …

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Lockheed has built its first Compact Fusion Test Machine and fired 200 Test Shots

Lockheed Martin made a lot of news when they revealed their compact nuclear fusion project last week with promises of commercial nuclear fusion within ten years. Recent criticism has forced project leader McGuire to provide more technical and project details. MIT Technology Review reports on the skepticism and critics of the Lockheed Martin approach. Ian …

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US Crude oil Production is almost at 9 million barrels per day and crude oil and natural gas liquids is over 12 million barrels per day

US Oil crude oil production is just short of 9 million barrels per day at 8.95 million barrels per day and combined with natural gas liquids is at 12 million barrels per day. US crude oil production is now higher than every week in the 1980s other than weeks in May and June in 1985. …

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Patent troll patent invalidated and ordered to pay costs of the legal case

When Santa Barbara startup FindTheBest was sued by a patent troll called Lumen View last year, it vowed to fight back rather than pay up the $50,000 licensing fee Lumen was asking for. Company CEO Kevin O’Connor made it personal, pledging $1 million of his own money to fight the legal battle. Once FindTheBest pursued …

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Matter creation using lasers experiment designed based upon 80 year old theory with a photon photon collider – actual experiements in about one year

Physicists have discovered how to create matter from light — a feat thought impossible when the idea was first theorized 80 years ago. In just one day over several cups of coffee in a tiny office, three physicists worked out a relatively simple way to physically prove a theory first devised by scientists Breit and …

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Direct drive nuclear fusion propulsion

We covered Princeton Satellite Systems nuclear fusion space propulsion work last year. Here is some new work and designs. A paper explores the use of a rocket engine based on nuclear fusion to rendezvous with and move an asteroid. The engine is based on a 5 MW Direct Fusion Drive (DFD) and is presented in …

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Robot Cargo Ships could have 20-50% lower operating costs

Rolls-Royce is designing unmanned cargo ships. Control centers will command hundreds of crewless ships. Drone ships would be safer, cheaper and less polluting for the $375 billion shipping industry that carries 90 percent of world trade, Rolls-Royce says. They might be deployed in regions such as the Baltic Sea within a decade, while regulatory hurdles …

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High-capacity film-type Lithium-ion battery with silicon anode triple capacity to 900 Wh/L

Sekisui Chemical has developed a high-capacity film-type lithium-ion battery with a silicon anode using a coating process that has simultaneously tripled the battery capacity (900Wh/L) compared to other Sekisui Chemical products; increased its safety (as shown by nail penetration tests or crush tests); and sped up production by ten times In the future Sekisui Chemical …

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Can Dwave Systems improve decoherence resistance and error correction to go along with qubit scaling to achieve quantum computing that is vastly superior than classical computing ?

IEEE Spectrum has an updated review of DWave Systems and its 512 qubit quantum annealing system. Catherine McGeoch, a computer scientist at Amherst College, in Massachusetts, was hired as a consultant by D-Wave to help set up performance tests on the 512-qubit machine for a consortium of Google, NASA, and the Universities Space Research Association. …

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George Church has new 43 million dollar startup Editas Medicine to commercialize precise CRISPR/Cas gene therapy

Harvard geneticist George Church, who cofounded Editas, says the CRISPR/CAS gene therapy technology’s ability to change single base pairs enables fundamentally new ways of thinking about gene therapy. Many inherited diseases, including cystic fibrosis and sickle-cell anemia, are caused by single base pair changes to the DNA sequence of genes; the precise CRISPR/Cas technology could …

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IMECs roadmap to 5 nanometer features

IMEC has a roadmap to 5 nanometer features on chips. At 5nm, chip makers will need to supplement extreme ultraviolet lithography with direct self-assembly techniques (above). Prototypes now in the lab look promising (below) but are still well above the target of 10 defects/cm2.. If you liked this article, please give it a quick review …

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