texas

californiaCalifornia would be 5th largest economy and Texas 11th compared to national GDP

The Bureau of Economic Analysis indicates that California had GDP growth of 3.4% and Texas had GDP growth of 5.2%. At the end of 2017, California had a GDP of $2.80 trillion and Texas had a GDP of 1.75 trillion. …

high speed railTexas High Speed Rail Project will have Bechtel for project management

Texas Central, developers of the high-speed train between North Texas and Houston, announced an agreement today with Bechtel to work together on project management services. Bechtel has completed more than 300 major train and subway projects, including the Channel Tunnel …

economic impactTech revolution has been a game changer in technically recoverable oil and gas

The Bossier and Haynesville Formations of the onshore and State waters portion of the U.S. Gulf Coast contain estimated means of 4.0 billion barrels of oil, 304.4 trillion cubic feet of natural gas, and 1.9 billion barrels of natural gas …

economic impactTexas is back as King of the oil world

Weekly US oil production is back to 9.3 million barrels per day and is nearing the 9.6 million barrel peak in mid-2015. OPEC raised its outlook for U.S. production growth by 285,000 barrels a day to 820,000 a day in …

californiaAC-130 combat laser tests might start by the end of this year with low kilowatt proof of concept

Air Force Special Operations Command plans to install and test combat lasers on AC-130 gunships within a year. General Atomics and other companies have been spending their own research and development (IRAD) money on the capability. AFSOC hasn’t “decided where …

energyTrump suggests a large order for Boeing F/A 18XT Super Hornets could be imminent instead of some F35A

President Donald Trump suggested that a larger purchase of Boeing Co.’s F/A-18 Super Hornet may be in the offing. “We are looking seriously at a big order,” Trump said Friday of the fighter jet, with another Boeing plane, the newest …

economic impactTrump is close to appointing pro aging reversal head for the FDA and one who would move to faster drug approvals

President-elect Donald Trump’s transition team is considering a Silicon Valley investor close to billionaire Peter Thiel to head the Food and Drug Administration, according to people familiar with the matter. Jim O’Neill, the Thiel associate, hasn’t been officially selected, according …

economic impactRussia developing microwave based electromagnetic pulse weapon that will be used on unmanned sixth generation hypersonic combat drones

Russia will arm its sixth-generation combat drones with microwave weapons. These weapons, which disable an aircraft’s electronic equipment, already exist today “and can hit targets within a radius of tens of kilometers,” said Vladimir Mikheev, a director of state-owned Russian …

bakkenGlobal Economy Faltering from long duration of weak growth and Financial Risks are increasing

The IMF’s latest World Economic Outlook (WEO) forecasts global growth at 3.2 percent in 2016 and 3.5 percent in 2017, a downward revision of 0.2 percent and 0.1 percent, respectively, compared with the January 2016 Update. “Lower growth means less …

car14 kg Radar Carrying UAV Extends Ship’s Horizon 25 nautical miles

Lacking reliable launch and retrieval capabilities, particularly in high sea states and strong winds, Unmanned Aerial Vehicles (UAV) often support maritime forces from shore, relying on large, long endurance platforms that can carry multiple payloads, including maritime search radar. The …