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Radioactive levels are increasing in wine from California’s Napa Valley, thanks to the radioactive cloud that drifted from the Fukushima disaster in 2011. France tested California wine from before and after the Fukushima disaster and found there was double the amount of cesium-137 in its Cabernet Sauvignon after the 2011 tsunami caused the Fukushima Daiichi nuclear reactors to leak. The paper’s bottom edges soak up water, while the carbon coating absorbs solar energy and transforms it into heat for evaporation. The idea of using energy from the sun to evaporate and purify water is ancient. The Greek philosopher Aristotle reportedly described such a process more than 2,000 years ago. Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices.
But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund warned in its latest World Economic Outlook that a series of threats to economic growth are brewing. The Fund maintained its projection for solid global GDP growth of 3. The markets are in serious trouble as the extreme oil price volatility continues to devastate the global economy. Investors and analysts today are totally clueless because they have become the frogs burnt to a crisp in the frying pan.
Over the past several decades, the oil price has fluctuated tremendously, much like the EKG of an individual whose vital signs have run amuck. There is only one sure thing when it comes to oil price forecasting—forecasts will inevitably prove to be wrong. If it’s not too high, it’s certainly too low—at any rate, it’s never just right, because the odds that a forecaster, of all the possible numbers available, picked exactly the right number are literally one in infinity. This makes oil price analysis and forecasting a rather hopeless, and likely thankless, job. The only thing those analysts have to look forward to is being wrong—at best, they can look forward to being less wrong than their peers.
Star-shaped gold nanoparticles, coated with a semiconductor, can produce hydrogen from water over four times more efficiently than other methods, opening the door to improved storage of solar energy and other advances that could boost renewable energy use and combat climate change, according to Rutgers University-New Brunswick researchers. Name something you could be happy doing every day. Imagine if your favorite hobby, or most intense intellectual interest, could be your full-time job. And imagine if full time meant spending just a few hours per day on your work. That is the future with automation. The Economics of Automation: Automation lowers the overall cost of goods and services by increasing efficiency. Robots can often perform tasks quicker than humans, and work around the clock.
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One estimate says by 2025, robots can decrease the cost of labor in the U. Harvard University, and the University of California San Diego School of Global Policy and Strategy discovered that the US nuclear power industry could be on the verge of a collapse — a reality that many have yet to realize. 99 nuclear power reactors in 30 states, operated by 30 different power companies. I feel horrible that I’m saying this stuff in my own country. A week or so ago I wrote an article about what amounts to an upcoming Civil war.
Well frankly it’s already going on, it just hasn’t reached the shooting stage. But I got wildly differing opinions about what we see happening out there. It was interesting to say the least. On one hand, I got responses that completely agreed with me.
That the rise of the really fringe far left, had gotten completely out of control, and on the other hand were emails suggesting that I was blowing this out of proportion. The world becomes more chaotic by the day. Good luck finding a politician, business icon, or religious leader who is not bought and sold by corporate or special interests. Finding truth telling honest leaders in today’s world is virtually impossible. Where do you want to go?
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How are you going to get there? When people are sitting around making lists and deciding what they need to survive or just get by in the future there is one thing they need to give great thought to. Energy is the basis of everything. Energy takes many forms such as food, electricity, liquid fuels, mechanical, nuclear, solid fuels, solar and wind to name a few. Without it your body will not function, you will have no light, no heat, no transportation or communication. Crude oil continues to be the strongest commodity out there these days. As precious metals recently fell to their lowest level of the year, copper fell below a critical support level, grains are feeling the pain of tariffs, and many other raw material prices are under pressure, crude oil keeps on grinding higher.
When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. Times of India quoted an Indian official as saying last month after the formal start of said talks. The two countries, after all, account for a combined 17 percent of global oil consumption and they are the ones that would be the hardest hit if prices rise as a result of OPEC’s actions. Hugo Salinas Price does not have a rosy outlook for the future. Here is what I have been able to gather, from reading Steve St. So now you have an abundant income in dollars, because your mine has been a successful venture.
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As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017. If the world oil industry doesn’t increase its capital expenditures significantly, we are going to hit the Energy Cliff much sooner than later. According to Rystad Energy, total global conventional oil and gas discoveries fell to a low of 6. To arrive at a Boe, Rystad Energy converts natural gas to a barrel of oil equivalent.
In 2012, the world discovered 30 billion Boe of oil and gas versus the 6. 18- This Is How Much U. 440 less to spend this year on other goods and services because this money is expected to go for buying higher-priced gasoline. P Global economists Beth Bovino and Satyam Panday. Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Correlate the weekly prices of wholesale gasoline and crude oil over 30 years.
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Rising or falling gasoline prices will follow rising or falling crude oil prices. Corrections will occur along the way. 18- Can Trump Counter Soaring Gasoline Prices? Oil prices surged to their highest level in more than three years on Thursday, as the number and volume of supply outages continues to rise.
The odds of a significant shortfall in supply are also growing by the day. The 180-degree turnaround in the oil market from May is pretty staggering, even for an oil market steeped in volatility and uncertainty. In late May, rumors of higher output from Saudi Arabia and Russia led to a crash in prices, and led to speculation of another lengthy downturn. Amazon founder Jeff Bezos is offering a chance to buy tickets for space travelstarting next year — and is taking on SpaceX’s chief Elon Musk and Virgin’s Richard Branson in the all-new intergalactic transportation business. Blue Origin, a space travel startup owned by Bezos, will start selling passenger tickets in 2019. Rob Meyerson, senior vice president at Blue Origin, just made the announcement at an Amazon Web Services event.
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Meyerson wouldn’t comment on how much the space travel tickets will cost. The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course. For the past few weeks and months, WTI suffered a steep discount relative to Brent, a reflection of a series of factors that made North America well supplied with oil, while the rest of the world saw supplies tighten significantly. Something Entirely Different: Insurrection is Here How Long do We have Until Civil War 2.
Organized lawlessness is spreading to cities across the United States but the news is almost totally ignored and blacked out by the mainstream media. Immigration and Customs Enforcement, the federal government policing agency that is part of the Department of Homeland Security. This is a dangerous development, as are the reasons to use them the way they have been. Both pictures are of children who had not been separated from their mothers at all. But both were used to depict just that: a child being taken away from its mother. What’s dangerous about this is, first, that those who spread the narrative regardless of the truth may next permit themselves to use images from entirely different locations or times to make their point. Yes, children have been taken from parents at US borders.
As I’ve written recently, I observe this is due more than anything else to a widespread demoralization society is suffering from. 18- What Will Follow The Age Of Oil? 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The market research company is extremely upbeat about U. LNG exporter thanks to this revolution as well. 4 per MMBtu Henry Hub benchmark price—from 900 trillion cubic feet in 2010 to 1,250 trillion cubic feet. The United States has again outstripped Saudi Arabia as the holder of the world’s biggest recoverable oil resources with current technology, largely due to the doubling of fracking operations in the Permian, according to data by research consultancy Rystad Energy.
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50 billion barrels in 2017 and now has an estimated 310 billion barrels of recoverable oil, which are equal to 79 years of U. Apart from the Permian, where more reserves per well are drilled, new areas and formations that have been geologically proved boosted the U. Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. So Brazil, for instance, finds itself buying an appreciating necessity that’s priced in an appreciating currency.
The result is serious trouble for at least some countries in that position. Brutal’ rally in dollar-priced crude hammers governments, strains consumers from U. Norway’s Petroleum and Energy Minister Terje Søviknes will meet next week with companies and other stakeholders to discuss the potential construction of offshore floating wind farms in Norwegian waters, Søviknes told Reuters on Friday. Just a few short years after economists and social theorists declared that we had entered the Third Industrial Revolution, the next revolution is already on the horizon. Fueled by artificial intelligence, 5G, the internet of things and augmented reality, these next steps might be the biggest leap forward humanity has ever made. Increasingly, data is being harvested from every aspect of our day-to-day lives.
From our purchases to the number of steps we take to our sleep habits or Facebook rants, it’s all being recorded. The information is then being used to advertise to us, to map our neighborhoods and even to sway elections. And this process of data extraction is only accelerating. It is the backbone of world being built around us.
Certain areas of the world are more vulnerable to economic and societal collapse. While most analysts gauge the strength or weakness of an economy based on its outstanding debt or debt to GDP ratio, there is another factor that is a much better indicator. To understand which areas and regions in the world that will suffer a larger degree of collapse than others, we need to look at their energy dynamics. For example, while the United States is still the largest oil consumer on the planet, it is no longer the number one oil importer. China surpassed the United States by importing a record 8. This data came from the recently released BP 2018 Statistical Review. The FBI brass must have needed hazmat suits to scrub DOJ Inspector General Michael Horowitz’s report on agency misconduct around the 2016 elections.
The result of their mighty exertions is something like 500 pages of pasteurized tofu. I will be surprised if a new scandal does not erupt over exactly how the scrubbing went down, and I wouldn’t count out the possibility of the original unscrubbed report emerging from deep inside the FBI itself. You have to wonder how embarrassed Mr. While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due to the booming U. Oil in ships around European shores was 12. 9 million barrels on average in May, accounting for 26 percent of all global floating storage, and more than Asia-Pacific’s 9.