Elmir Musayev Written by: Midland Energy Resources, Inc.: In late JanuaryJanet Mortensen, senior vice president of project finance for Midland Energy Resources, was preparing her annual cost of capital estimates for Midland and each of its three divisions. Midland was a global energy company with operations in oil Janet Mortensen, the senior vice president of project finance has to prepare annual cost estimates for the company and its 3 divisions:
While the oil rally Friday was slowed by a report that Iraq had restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region.
Fears that the Kurds would see independence caused a shutdown of oil exports to Turkey. Yet, the new government in Baghdad agreed a tentative deal with Erbil to get the oil flowing. After reaching a four-year high in early October, the price of crude has collapsed by more than 25 percent.
More importantly, it seems to speak to waning demand, which is worrisome. These developments suggest the synchronized growth that the global economy has enjoyed in recent years is likely to be replaced by a generalized slowdown. Natural gas spot prices had climbed by more than 10 percent shortly after The natural gas futures market had an exceptionally volatile trading morning, with prices surging about 35 percent since the beginning of the month, likely stemming from traders rushing to cover short positions as panic set in.
Yet, despite all the publicity it has gotten, it has still failed to make clear a very fundamental point: Led by associate professor of electrical engineering Qiaoqiang Gan, the team has created a device that uses black, carbon-dipped paper to produce fresh water with what is claimed to be near-perfect efficiency.
They're a common survival kit item, especially for life rafts, and a quick browse of YouTube quickly turns up a surprising number of videos about how to use bits of common rubbish littering a beach to create a sun-powered still that can turn seawater or dirty water into something more potable.
And, as global debt has increased, it has forced governments to lower interest rates.
This approach, however, could undermine the dominance of the U. The finish left U. Now, a team of scientists from Australia and the US has developed a new water desalination technique that can not only make seawater fresh enough to drink, but recover lithium ions for use in batteries.
Unfolded, a single gram of the material could theoretically cover a football field, and it's this intricate internal structure that makes MOFs perfect for capturing, storing and releasing molecules. Cobalt serves as a key component in battery-based devices by allowing them to operate over longer periods without overheating.
With the global transition to electric vehicles EVscorporations are increasingly forced to rely on cobalt from the Democratic Republic of the Congo DRCwhere a culture of corruption, unscrupulous mining practices, and political instability threaten supply security.
In the coming weeks, Iranian crude volumes should show a decline.
The three leading NOPEC countries have indicated that they are able and willing to open their taps to supply for possible gaps in volumes worldwide. Combined with increased U. Stability is key for most it seems, but that may not always be the case. But that may not be the end of the story.
As more Iranian supply goes offline, the market will continue to tighten. Iran could lose nearlybpd of exports by the end of the year, relative to October levels, the bank predicts.
A Chronicle of the Cultural Revolution. The leader of Communist China, Chairman Mao, warned the country that revisionists were threatening to erase all the progress made since the Communist Revolution which brought Mao to power. Sophia the Robot Gets a Visa Three Events That Could Change The Face Of America Brandon Smith The past year in general has been a firestorm of news events, many of them misrepresented by the mainstream media but nevertheless important signals that the economic, social and geopolitical systems we are familiar with are changing or destabilizing rapidly.
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