Could Innovation and Engineering Cause Dropping Oil Prices?

The recent drop in oil prices naturally has produced economic winners and losers, and price speculators and pundits are lining up conventional producers against those behind American-drilled Shale oil. Yet, questions remain about how the world is over-supplied with oil only a few years after we supposedly passed peek oil and survived oil prices topping $140 per barrel. Discounting the anticipated demand softness due to economic activities in Europe and Asia, technology is playing a strong role in finding, producing and using energy across the full range of industrial activities. Continue reading

Harnessing Energy Through Simulation

Maybe you’ve never thought about it, but we are living on a spaceship called Earth. It’s a big one, with more than 7 billion people on board, traveling at about 108,000 Km/h (67,500 mph) in the solar system, while spinning in such a way that, if you are on the equator line, you are moving at more than 1,700 Km/h (1,000 mph). Amazing, isn’t it?

image of ozone hole NASA

The ozone hole max is on Sept. 22, 2012. Credit: NASA/Goddard Space Flight Center

In our travel through the universe, we are protected from outer space by our pressurized canopy: a 12 Km-thick barrier limited by an ozone layer that acts as a shield against radiation and small asteroids. It also allows us to breathe fresh air. It’s a very complex ship, with systems designed to provide the passengers (us) with anything we need to have a very pleasant journey: food, energy, water and fun. But it was designed 4.5 billion years ago, and there were no human beings at that time asking for so much energy to cool down their houses in summer, heat them up in winter, drive a big car, fly in a plane, or produce goods.

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This Week’s Top 5 Engineering Technology News Articles

Happy Friday Saturday, folks! This week’s roundup of interesting engineering technology news articles looks at some great gifts to buy the engineer in your life, a potential new way to power the US in the future and Boeing’s latest simulator technology.

Enjoy!

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