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 from CNBC: Cryptocurrency mining puts electrical grid ‘to the test’,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.
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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.
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.
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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? 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. 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. 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. Meyerson wouldn’t comment on how much the space travel tickets will cost.
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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. 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. 7 million barrels of oil stored, according to estimates by oil analytics company Vortexa. Emerging markets, EMs, have had an amazing run over the past two years.
Moving in lock step with U. EM stocks have also encountered head winds. A major reversal of EM stock gains is emerging. EM stocks have moved together is not difficult to discern.
I’d like to tell you a short story based on a movie that has had a profound impact on me. Stephen Jenkinson, a theologian and philosopher who worked as an end-of-life specialist for many years. Because we all must face death in our lives, inevitably our own someday, I highly recommend this movie and Stephen’s work to everyone. 100 open teaching positions, according to Bloomberg. Morales, a native Midlander and second-generation restaurateur, has seen it happen so many times before.
Oil prices go up, and energy companies dangle such incredible salaries that restaurants, grocery stores, hotels and other businesses can’t compete. A private company in the United Kingdom says it has successfully tested its prototype nuclear fusion reactor at temperatures that are hotter than the Sun. The company hopes to use the nuclear fusion reactor to start supplying energy in 2030. Over the past few years, there have been a number of nuclear fusion breakthroughs, with different teams sustaining hydrogen and helium plasmas for varying amounts of time.
Last week, we showed a graph of rising open interest in crude oil futures. From this, we inferred — incorrectly as it turns out — that the basis must be rising. Why else, we asked, would market makers carry more and more oil? What makes them different is that the supply of industrial commodities held in storage as a rule suffices to satisfy industrial demand only for a few months at most. 18- Why Have Oil Markets Turned So Bearish?
Oil prices slid early on Tuesday, as reports of the U. OPEC to lift oil production and hedge funds boosting their short positions added to bearish sentiment. Rising geopolitical concerns over Iran vowing to enrich uranium amid EU attempts to salvage the nuclear deal as well as heightened tensions in the Iranian-Israeli feud helped to boost prices in the afternoon. Brent prices touched their lowest in nearly a month, since May 8, the day on which the U.
It should come as no surprise that U. China to task last weekend over its seemingly never-ending South China Sea build up. Saturday at the annual Shangri-La Dialogue, a much covered and annual international security forum in Singapore, U. Defense Secretary James Mattis pulled no punches, stating that Beijing’s moves in the disputed body of water was intended to intimidate its neighbors. The former Marine Corps four-star general, who served as the Commander of U. Central Command during the Obama Administration, said that the U. That didn’t go down well with President Trump who promptly restarted the trade war.
50 billion worth of Chinese goods would go forward, but he moved to impose tariffs on Canada, Mexico and the European Union, the U. Increased demand for battery materials used in electric vehicles and energy storage is what’s supposed to reignite interest in the mining sector now that the China-induced supercycle in commodities demand are levelling off. Prices for lithium and cobalt have soared. Graphite and rare earth prices are making a comeback. Nickel, where EV-related demand is still tiny, has been caught up in the euphoria and longer term the bellwether metal for the industry, may benefit the most. 18- Is A Natural Gas Pipeline Between Alaska And China Realistic?
When Alaska’s governor Bill Walker headed with a trade delegation to China earlier this week, he must have hoped to bring back good news about an 800-mile gas pipeline project that would see the state’s gas reserves flow into an increasingly gas-hungry Chinese economy. After some of the work we did, in terms of assessment and evaluation in technology, economics and in terms of the resources of Sinopec — I think there’s a lot more work for us to be done than originally imagined. Everything should be made as simple as possible, but not simpler. When trying to predict gold prices, investors usually look at one or several drivers: interest rates, U. But on their own, how reliable is each for predicting either short-or-long-term medium gold price movements? For instance, you have probably heard that gold bears an inverse correlation to interest rates. The logic here is simple enough: Investors shift their money from non-interest yielding assets like gold to high-yield assets like bonds and stocks when interest rates are climbing.
17- Art Berman: Think Oil Is Getting Expensive? 70 oil prices will go higher — likely much higher — and start materially contricting world economic growth. Art explains how the current glut of oil created by the US shale boom — along with high crude output by both OPEC and non-OPEC producers — is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue the trajectory of the global demand curve. And at the same time, we’re extracting our reserves at a faster rate than ever. 65 handle for the first time in over a month – after Saudi Arabia and Russia proposed easing output curbs. As Bloomberg notes, oil earlier this month rose to the highest level in more than three years after President Donald Trump’s decision to reimpose sanctions on Iran and plunging Venezuelan output fueled supply concerns.
With OPEC and allies achieving a key goal of eliminating the global surplus despite record production in the U. The petro-yuan on its own may well become enough of a disruptor to unseat the USD as the ruling currency of global trade. But it turns out it was only the first what may be many Chinese incursions into markets previously monopolized by the greenback. The worst drought to hit the Southwest in decades continues to grow even worse, and many are already comparing this current crisis to the Dust Bowl days of the 1930s. Agricultural production is way down, major rivers are running dry, and horses are dropping dead from a lack of water.
18- Is Oil About To Become Front-Page News? Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, with all the inflationary pressures that that implies. 80 a barrel, the latest sign of a market that has gone from glutted to exceptionally tight in the past year. 18- The Shale Oil Ponzi Scheme Explained: How Lousy Shale Economics Will Pull Down The U. Few Americans realize that the U. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U. Everyone knows how important water is to sustain life, but we’re about to find out how important water is to sustain American life as we know it.
Our research team has been following the energy sector quite intensely with Oil and Natural Gas making an impressive move. 100 per barrel, here is what will have happened. 2H missile will have directly hit the Saudi Royal Palace in Riyadh. The reaction to this missile will be swift and severe.
Within the hour Saudi Arabia will have declared war on Iran. And within 24 hours the Saudis will have retaliated through a direct attack on Iran. That raises the question about how much of a dent high oil prices will make in the U. 100 oil is not as painful as it once was. There are a few reasons for that. Also, the economy uses less energy per unit of GDP than it used to, becoming slightly more efficient with each passing year. Supported by a hard push by the Chinese government to drive up electric car sales, annual EV sales are on track to hit a one-million-unit milestone this year, as demand continues to rise significantly.
Chinese EV sales doubled in April, with the government-backed China Association of Automobile Manufacturers showing 81,904 sold that month, or an 11. 5-percent increase compared with the same period last year. In total, that means China sold 1. The young woman was tried as a witch in Youghal, Ireland in 1661. In another instance, she kissed the hand of an imprisoned man who subsequently died. We deny any cause-and-effect relationship between Ms.