California had a massive drop in projected population since a reforecast in 2014 and the forecasted future population in Texas has been increasing. The newest combined estimates are that Texas could have more people than California by 2045. If Texas continues to grow at the rate they grew in 2000-2010, then Texas would pass California’s …
Permian basin oil production is forecast to reach 5.4 million b/d by 2023—more than current production from any single Organization of Petroleum Exporting Countries member other than Saudi Arabia, IHS Markit said in a new report. The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas …
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. The US has a GDP of $19.6 trillion at the end of 2017. In May, …
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 High Speed 1, Crossrail in London, Riyadh Metro and Dulles Corridor Metrorail in the Washington, …
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 liquids, according to updated assessments by the U.S. Geological Survey. These estimates, the largest continuous …
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 2017. The number of drilling rigs operating in the country has more than doubled since …
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 the laser would go.” The tests will help determine that, as well as which mix …
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 electronics firm KRET, in an interview with TASS. Russia is developing manned and unmanned sixth-generation …
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 room for error,” said Maurice Obstfeld, IMF Economic Counsellor and Director of Research. “Persistent slow …
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 Tekever Group is introducing a new, lightweight shipborne UAV – the AR3 NET-RAY, a small …
The spreading Zika virus that has been linked to microcephaly (abnormally small brains and heads) in newborn babies in Brazil and other countries has raised concerns about this summer’s Olympics in Brazil, and that includes concerns from high-profile athletes. “If I had to make the choice today, I wouldn’t go [to the Olympics],” U.S. goalkeeper …