Domain: bloomberg.com
Stories and comments across the archive that link to bloomberg.com.
Comments · 2,661
-
Toyota
Sounds like they're taking a page from Toyota's playbook.
-
Re: So happy. :)
Florida or parts thereof is such a place - http://www.bloomberg.com/bw/ar...
-
Re:Support those websites
You should probably read this.
-
Re:It won't be a Republican bloodbath
You may be surprised by Trump. Despite the media trying to portray him as batshit crazy, he's actually the most politically moderate of all the candidates I've seen (Paul and Christie were the others, but they've dropped out). Aside from a huge ego and a few really off-the-wall ideas the media keeps trumping up (no pun intended), his political views actually fall right smack dab in the center of the American mainstream. A lot of my friends on the left can't see this because they think anyone to the right of them is extremist (not a dig at them - many of my friends on the right think anyone to the left of them is extremist also).
I personally don't think Trump would make a good President, but I would not underestimate his appeal to the huge chunk of voters in the center. If he becomes the nominee, I'm actually curious to see if the increasing polarization of the country is real, or just an effect of increasing control by the two parties and polarized media outlets. -
Re:All together now
I assume those were the two people that Charlie Rose had on his show. (I remember they were from New York, and that number sounds right):
http://www.bloomberg.com/news/...
It was horrible -- he was trying to point out some flaws, but he really didn't sufficient background to counter them.
Their argument was basically 'we used to be able to do this, and then Apple went and locked us out at the last OS update.' and 'Apple claimed iOS 7 was secure, so they should just go back to that'.
-
Bad Summary
The commentary about it being pro-unlocking vs. anti-unlocking is inaccurate.
It's really pro-FBI Compliance vs. anti-FBI Compliance (or if you want to use stronger language, pro-Backdoor vs. anti-Backdoor).
When it comes to allowing the FBI access to the data, note that almost *all* parties involved (including Apple) *does* agree that the FBI should have access to the data. In fact, Apple has done quite a lot to try and get FBI access to the data, including providing any available iTunes Cloud backups to Farook's phone.
The problem is the *how* -- meaning, *how* should the FBI get access to that data, and to what extent can the FBI compel Apple to provide the data by having Apple compromise the security of the iPhone itself.
Furthermore, in terms of the "two sides", the summary provides a very inaccurate portrayal of the two sides of this argument. If you read thru John McAfee's quotes, he actually *agrees* with Apple, and states that Apple should *not* be compelled to comply with the FBI / court order. (What he then stated is that he could get access to Farook's data *without* requiring Apple to create the backdoor, which is what he was arguing.)
Also, to say that "even some of the victim's families on the con" is also inaccurate. In fact, there has only been *one* victim's family (specifically Carol Adams -- http://nypost.com/2016/02/18/m...) that has been on the record stating that they think Apple should not be compelled to comply with the FBI, not "some".
EDIT: Gates actually says that his quote was misinterpreted, and he does *not* necessarily side with the FBI -- http://www.bloomberg.com/news/...
-
South Korea Example - Small Notes until 2008
An interesting case study is the one of South Korea, which until 2009, the largest bill was the 10K Won note (~$8 USD). Banks would actually issue banker checks in denominations of 100K Won in order to fill the need. That said, in 2009, South Korea began to issue a 50K Won note (~$40 USD). What's interesting is that the collection rates of the notes has dropped down to about 27%, much lower than the 80-90% collection rate on other denominations. However, most Koreans believe that the large bills are being "pulled" out of circulation by the "underground economy" - basically under-the-table cash transactions which can be innocent (people hoarding cash) to gray (small businesses underreporting cash earnings for tax evasion), and black (corruption and criminal slush funds). It's a huge issue in Korea, where the underground economy is estimated between 17-25% of GDP... basically, a large chunk of the economy untaxed and regulated. The collection rate had peaked around 61.7% but dropped when the government began to more aggressively pursue tax dodgers. Short news article here andhere. Information on the underground economy here.
-
No, he doesn't...
He disputes so in a video in Bloomberg..
Bill Gates, co-founder at Microsoft and co-chair at Bill and Melinda Gates Foundation, addresses his view of Apple's battle against an FBI court order to unlock an iPhone belonging to a shooter involved in the San Bernardino, California terror attack and the need for a balance between privacy and government access.
-
Re:Makes sense, but how would it be enforced?
A couple of sources describe this:
http://www.wsj.com/articles/SB...
http://www.thenatureofcities.c...
http://www.bloomberg.com/bw/ar...They're going to leave some of the farmers in place, but the goal is to have 60% or more of the population living in cities by 2020. Just like the US has less than 2% of the population doing agriculture, China seems like it wants to start down that road and build a consumer class. When you're able to do top-down stuff like this with zero debate, massive projects like this are possible.
I think it's a little different from the Cultural Revolution or similar movements, because you're not sending city dwellers and intellectuals "down to the countryside" with no training in how to farm. You're sending underserved, poor peasants to cities in the hope that they're going to get non-farming jobs and stoke domestic demand, or at least be easier to provide services to in an urban setting. So, at least this experiment will probably not end up with a massive famine.
-
Re:Priorities the Cameronian way
Hi Nigel, why don't you make an account?
Just to bring some light in the darkness where you live, compare the currency fluctuations of the British Pound vs. the Euro and the US$.
You will find the UK economy to be not independent but mainly linked to the rest of Europe and hardly to the US.
http://markets.ft.com/research...
http://www.bloomberg.com/quote... -
Re:Colossal Failure
If the patent has been awarded, that's a success, not a failure.
These days you could get a patent for pissing in the shower, it doesn't mean that it'll meet with widespread industry adoption or that you'll ever make a nickel off it.
Someone got a patent for a Motorized Ice Cream Cone, but I don't see it for sale anywhere. Is it a "success"?
If getting a patent is your metric for "success", perhaps you need to raise the bar a bit.
-
A little note about Goldman's prediction abilities
They can't even predict what'll happen in the next few months let alone ten years:
http://www.bloomberg.com/news/... -
Re: "Open Sourcing Testing Frameworks"?
So how do you "test for correct behaviour of the products, overall"? It's not that hard to spell out -- and even automate -- the cases that a person expects to occur. The problem is accurately modeling the state space of the program and then figuring out which walks through it are incorrectly permitted. Even the most sophisticated known approaches fall down for the first part of that problem due to the vast size of an interesting program's state space.
Personally? If money were no object, I'd use software that cost thousands per engineer in about 1985 or so, but which is now sold as "McCabe IQ". By 1990 you could get three floating licenses for "only" $45,000 (not sure on the current precise price; it appears to *start* at $2,000.00/one-time/user, which generally means that a useful configuration would be more hefty in both price and capability than the "starter" version).
I'd use it to ensure that the requirements document is implemented by the software, and then do a branch path analysis on the resulting code to make sure that the test cases that get generated cover all possible code paths.
Given the substantial costs associated with the tools, most software engineers today have no exposure to *real* CASE tools (but if you care, you can obtain a 30 day free trial from them these days).
Obviously, it also possible to do this type of code coverage testing manually, but most test engineers are trained to do mostly ad hoc testing these days -- assuming you have actual test engineers on your project at all.
If you want a review of McCabe IQ, here's one from ~1990: http://stareast.techwelldev.co...
And here is a more recent company overview: http://www.bloomberg.com/resea...
-
Re:I am not a physicist but...
Their currency is manipulated. Their stock market has 2 books, one set you can see, the other you can't.
The west sells food that poisons humans. The west has no respect for personal property (unless you're a billionaire). They are poisoning their environment such that you can no longer catch a fish in the ocean whose belly isn't filled with plastic. Oh, and don't get me started on the censorship of western news media.
-
Another way to look at it.
Considering the iPhone hardware sales gravy train has left the station and iPhone sales are predicted to start declining, Apple has to find a new revenue stream.
See http://www.bloomberg.com/news/...
Apple is trying to make itself into a services company. The modern thinking on services company is the subscription model, therefore Apple is trying to nudge people into buying Apple Care. Think about it, even on old number of 650 million phones worldwide, if only 20% of them buy in that's still a hefty $6Bn per year of guaranteed revenue. Playing it as security is a way to deflect the actual purpose. -
Readable Links
-
Re:Ummmm
Apple doesn't do any LCD or OLED research,
Apple does plenty of hardware R&D. Don't assume otherwise just because they farm out the manufacturing.
-jcr
-
Re:Seems like freedom of speech to me
German courts and currrent administration do not know what online free speech is. This is just another nail in the coffin for regulating the the people and moving backwards to another governmental controlled system:
merkel polices zuc
zuc is on itLet's not forget Merkels initiative to take care of the German voters first:
Germany yroWonder why ccc has not been updated or so quite ?
-
Re:GDP Grew 6.9% in 2015
Its enough if the steel industry has problems, melting steel needs a lot of energy. And it really has massive problems: http://www.bloomberg.com/news/...
-
Re: Tesla?
-
Re:This has obvious value
It helps that we don't rely on Saudi oil as much as we used to. Fracking is kinda filthy, but for the first time in my lifetime we don't need to be muscled around by the Saudis to keep our nation moving. And they feel the hurt - to raise cash, they've announced they may offer shares of their state-owned oil company to the pubic. And that's not the worst... the whole region is literally heating up, to the point it may become uninhabitable in 80 or 90 years.
It may not hurt now to re-think who's side we have to be on in the weird cat-fight between the Saudis and Iran that serves to fuck up the entire region. The way it used to be, we'd bend-over backward for the Saudis, even in spite of their frequent violations of human rights (like this one)... all because we needed a friend in the region with oil. Now, maybe not so much. Hell, Iran is actually trying to make nice with us. Changing times, maybe.
-
Regarding cooling, coal more energy dense
Thermal power plant need cooling and nuclear need the most to protect the fuel. Already cooling resouces are limited and will become more so. http://www.bloomberg.com/news/...
-
US will join China in new coal mining moratorium
China will ban new coal mines for three years: http://www.bloomberg.com/news/... The US will do the same or more since a federal judge ruled last year that mining permits must consider greenhouse gas emissions.
-
Re:Coal powered cars
Please check here how "duck" looks:
http://www.bloomberg.com/news/...
Please tell us how do you "solve" duck problem. When Sun goes down, it goes down everywhere in half of the Earth.Yes you can use storage. Except that you don't have any practical storage, and when you account for capital, electricity from battery/pumped hydro/compressed air storage costs more than peak wholesale rate. Makes little sense for utilities to invest into it. It may be different for household when you are playing with various incentives, but no seasonal storage is available to households to disconnect from grid now, other than keeping natural gas generators, natural gas appliances, and it is obviously bad idea if you have electric grid available.
Yes you can use natural gas plants, but you need to build new, as typical old plants can't go up and down many times a day, they need up to a day to reach full power. Now you build new gas plant and use it at full power for like 2-3 hours a day, maybe at night, or when wind is not blowing. How is it going to repay capital costs and staff salaries? The shorter the usage time, the higher the cost of its electricity. Basically solar/wind allows you to offset natural gas plant fuel cost at random times, and that is all, you still need to pay for new gas plant for full required power.
Yes you can rely on export/import. This is what it is done in practice. This relies on your neighbors NOT using much intermittent renewables, as otherwise they would follow similar supply/demand pattern and you would have nowhere to export/import. That is what I was talking about. Great solution that enables to pose as superior to others but have little value as global solution as it leads to dead end. Long transcontinental transmission lines are inherently unreliable to rely just on them.
In more distant future, you may come with power-to-gas technology, that means production of hydrogen or synthetic methane and storing it in already available natural gas storage that has capacity for seasonal storage. It is likely to be more expensive than fracking, and battery cars would make less sense when paying full price for clean electricity, accounting for huge cost of balancing electric grid. Hydrogen fuel cells may make more sense than batteries then.
-
Re:this will be a joke
-
Re:De Beers is going to be pissed
Da Beers will use the same marketing strategy they use against existing man-made diamonds - telling consumers on how "organic" diamonds are somehow better:
http://www.bloomberg.com/news/... -
You mean the solar panels made by burning coal?
Seriously. Are we bootstrapping ourselves into a clean solar powered future or just deluding ourselves by shifting pollution to China: http://www.bloomberg.com/bw/ar...
-
Re:Vile snake buying good PR
>
... Zuck is a Democrat
...Not according to "Zuck". Your diatribe is more or less correct over all, but trying to put an "evil Democrat" spin on it is stupid.
Both parties have been way too Plutocrat friendly for decades now, but only one party currently has every one its candidates for the Presidency declaring that the number one problem the country faces is that the rich pay way too much in taxes, and the number one solution to all our problems are slashing those taxes. Its not the Democrats sweetheart.
-
Re:Profits soar since pay hike, so
Except that short-term profitability has DOUBLED since wages increases commenced (source).
Am I the only person who questions where these numbers come from? The article simply references another article which itself has no information on where the numbers came from. Gravity Payments isn't publicly traded, so these numbers aren't coming from official filings. That means they're probably coming from the CEO himself who seems to be a bit of a self-promoter. The Bloomberg article linked in this submission questions some of the assertions of the CEO about industry retention rates, and if the CEO is trying to paint a rosy picture of retention rates, I would not be surprised if he's doing the same for revenue/profit.
-
More fracking means less He
The GP didn't say that we're running out of He; the GP said that we are not finding *new* supplies -- which is not something you refuted. You quoted something about known supplies. It could well be that the GP's claim is true. Most of our *new* natural gas supplies are from fracking, which results in very little helium.
Moreover, I'm not sure what you're trying to prove. You note that, "*A few* fields in the United States contain over 7% helium by volume," and then make the unsubstantiated claim that none of this He is recovered (which, if true, would prove what, exactly?) and that these few fields contain more than enough He for everyone. Citations please! The fact is that He prices are going up, and Econ 101 says the cause is demand increasing faster than supply.
-
Here's the real story
This is being driven by an activist investor with no concern for the business, or jobs.
Allowing random people ownership of your business, who have no interest other than a quick score in the stock market, seems like a really strange way to run a business.
-
Re:15 years old?
Carbon sequestration hasn't been done yet because the technology is new, the need for it is fairly new, and more importantly, because too many people share your viewpoint.
There's no good situation/bad situation breakover point with climate change. It's a sliding scale that gets worse as we go further from pre-industrial conditions. The 2C mark is just a target on that scale that looks achievable. 3C+ will be significantly worse than 2C, and 1C (where we are now) is worse than zero. The ship isn't sunk until the planet is completely uninhabitable, so you're yelling to abandon ship not long after a survivable hull breach.
Wind power is already the cheapest in some countries and solar is close behind, and closing in fast.
I guess you could say I'm smoking knowledge, and I encourage you to light up a nice fat joint of it
;-) -
Re:Two words
I'm normally not this rude, but I'm feeling a little put off by you, so I will take my gloves off this time to set you straight.
A few facts for you idiot.
Sure, fucktard. I'm listening.
1) Californias water problems are house made and not solveable by desalination plants, I doubt they would ever be economical in relation to just start with 'saving water'.
Adding together all the water savings every year since the conservation programs began over 20 years ago, you get slightly less than the 5 *billion* gallons a day which are used in the Sacramento Valley *alone* for growing rice for export, to cover evaporative losses from the paddies.
Or, you know: you assholes could grow your own food, since almost all that rice is grown for export.
Or you could build some reservoirs, but well, that would involve the government, needs tax money, god forbid the government actually doing something for the people.
Reservoirs interfere with the mating cycles of fish, and in particular, Pacific Salmon, but also with a number of endangered species.
While I think it would be great for the people in Los Angeles to get off their collective Hollywood asses, and build some cisterns, instead of directing all their rainwater runoff into the ocean, that would only make a small dent in the problem, since the primary problem is that California grows about 1/5th the food eaten in, and *exported from*, the U.S., and uses a lot of agricultural water to do it.
By the way: it's the same people who care so much about the fish that they are actually tearing down reservoirs and dams to save their habitat, who are violently anti-nuclear power.
2) Germany is a net exporter of energy, allways was and likely allways will be. That includes for most of the time France, there are only a few months in a row in 2013 or 2014 where we where a net importer versus France. Germany is exporting 30% - 50% of its energy production to the EU, you idiot.
See, that used to be true when you were running nuclear plants, but according to this Bloomberg article, that stopped right after you idiots shut things down after the Fukushima disaster because, you know, all your plants are in coastal areas subject to tsunamis, and you stupidly did what TEPCO did, and failed to upgrade sea walls and safety systems.
Oh wait. Your plants aren't actually in any danger from this.
Why did you idiots shut them down again? It's hard to believe that a country that birthed nuclear physicists of the like of Einstein and Heisenberg would be quaking in their boots over a problem in Japan caused by greedy middle management.
http://www.bloomberg.com/news/...
3) look on a damn map. How retarded can one be and claim that Parkistan is using 'thermal waste to desalinate water'
... and why should they? Again, look on a damn map where Parkistan actually lies."Pakistan has a 1,046-kilometre (650 mi) coastline along the Arabian Sea and the Gulf of Oman in the south"
I thought Germans were supposed to be good engineers. You are also aware that desalination is a generic term for water purification from various impurities, and can be applied not only to sea water, but also to well water, and waste water from other sources, right? Not that Karachi isn't on the freaking Arabian Sea anyway, as opposed to being land-locked, like you are trying to imply.
http://www.world-nuclear-news....
P.S.: Yes, that desalination plant was subsequently built at the Karachi nuclear facility.
4) The efficiency of pumped storage and lithium ion batteries is more or less the same, no idea why you disagree about stuff
-
Don't forget Ammonia
Melting aluminium is an *ideal* use for unreliable power: the primary cells can run at variable rates or even in reverse to stabilize the grid, or some of the molten product can be staged for running optimized Al air batteries. Germany is already doing this,
http://www.bloomberg.com/news/...From that link, other energy-intensive processes may be suitable, "including those used to manufacture cement, paper, and chemicals. Making chlorine, used to produce paper, plastic, fabric, paint, drugs, and antiseptics, also requires electrolysis."
Don't forget Ammonia, by fixating Nitrogen from the atmosphere.
About half the "green revolution"(*) was due to availability of Ammonia due to the Haber process, which means our ammonia production supports about half the food production on the planet.
Haber is energy intensive, requiring half a million Joules of energy per mole (17g) of ammonia produced, which comes out to about 5% of all energy used worldwide.
It's largely startable/stoppable, so would make another good choice for unreliable or unneeded (ie - solar panels in uninhabited areas) power.
(*) The other half due to pesticides.
-
Re:Idiot
Melting aluminium is an *ideal* use for unreliable power: the primary cells can run at variable rates or even in reverse to stabilize the grid, or some of the molten product can be staged for running optimized Al air batteries. Germany is already doing this,
http://www.bloomberg.com/news/...From that link, other energy-intensive processes may be suitable, "including those used to manufacture cement, paper, and chemicals. Making chlorine, used to produce paper, plastic, fabric, paint, drugs, and antiseptics, also requires electrolysis."
-
Re:Reagan's mic test
Do you think vaccines cause autism? Because apparently all liberal Democrats do.
You seem willfully ignorant of liberal Democrats, as they believe in government healthcare. Republicans, not so much.
-
Re:I'm not sure this is as bad as it sounds
First, fraud by people to close to you, would not be covered.
Second, they may make more by small transactions, it really depends on the risks, since it is hard to judge what percentage of small transactions actually get detected, because you need to know which ones don't. Only a criminal who is actually doing this can tell. That being said I don't know how much stollen credit card goes for but this article says $3.50 http://www.bloomberg.com/news/...
it wouldn't take many $5 transactions to make you money back. -
Re:GM producers are shooting themselves in the foo
If you only buy from companies with a level 2 rating then that would give you a level 3 rating, etc... Again, this shouldn't be something done by the government but something done by the manufacturer based on consumer demand.
There is a serious problem relying on some private entity or consortium. That is, there is nothing preventing another private entity from offering those same ratings.
You're bound to end up with a few in competition. Kellogg might want an equal or higher rating than Post, so they abandon the Food Producers Consortium and join (or start) the Fair Food Group. Smaller companies might have trouble with the dues and fees or with meeting certain standards (likely tailored to benefit the bigger players) and fall prey to less scrupulous agencies like the Fair Food Bureau.
Consumers, naturally, aren't very likely to understand the differences between the various accreditors, making the ratings useless.
You'd need something like the threat of regulation or a very small industry before you can maintain a functional, single, regulating entity. We have a few examples, of course, like the MPAA and ESRB though you'll note that despite the size in terms of dollars, those industries are rather small in terms of people and major or influential players. They're both also under the threat of regulation, which seems to have incentivized regulation to a large degree.
The much more massive food industry, in contrast, has little chance of self-regulating. We've tried, it turns out that they can't be trusted.
-
Here it comes
Paris Attacks Renew Call for Access to Encrypted Messages
http://www.bloomberg.com/news/... -
In USA Too: Paris attacks renew call for backdoors
-
Get ready.
JP Morgan also loves blockchain technology but does not love bitcoin. JP Morgan also invented the credit swaps that caused the Greek financial crisis.
JP Morgan is getting ready for the US dollar to fail. http://www.bloomberg.com/news/...
-
Re:Sold Out: The American Worker
I got something even more funnier:
Barack Obama is the first president in more than five decades to win at least 51 percent of the national popular vote twice, according to a revised vote count in New York eight weeks after the Nov. 6 election.
Obama is the first president to achieve the 51 percent mark in two elections since Republican Dwight D. Eisenhower, who did it in 1952 and 1956, and the first Democrat to do so since Franklin D. Roosevelt, who won four consecutive White House races. Roosevelt received 53.4 percent of the vote -- his lowest -- in his last race in 1944.
-
Re:Yeah, other ways
Oil isn't really a major earner for any railroads or a particularly high proportion of their revenues (IIRC it's less than 3%, but I can't be bothered right now to find the exact figure.) The railroads themselves aren't actually interested in the business - they carry it because they're common carriers, but from their point of view it's risky (see Lac Magentic) and a major liability with inadequate profit margins.
And, again for what little it's worth, if you open up a large map of Northern America, plot where all the recent oil disasters have been, and then the Keystone XL pipeline, you'll notice that it seems to be fairly far away from them. Why is this? Well, because crude oil trains travel the entire US. The Keystone XL would have been a tiny proportion of transported oil had it ever come to pass. So Keystone XL's rerouted oil would be a tiny percentage of an already tiny percentage of the market.
So, no, this wasn't done as a favor to Buffett, in fact he's probably unhappy with the decision, if he cares at all.
Meanwhile, here in reality:
http://www.bloomberg.com/news/...
I've linked before to the article that showed he gained about $180M in valuation in a single day back when Obama (President 1%) first said he'd deny it. That's many, many lifetimes of money for most people. Buffett "earned" it in one day when his buddy said he'd make sure Buffett continued to get the oil business. Well, he didn't say that directly, but Buffett made it clear that he was there to haul the oil.
-
Re:After transcanada pulls the plug
Oil prices still have room to fall for various reasons. We could very well be looking at $20 a barrel oil soon.
-
Its all a matter of risk assesment
Sony makes more profit as an insurance company than it does with all its other subsidiaries combined......
http://www.nytimes.com/2013/05...
http://www.bloomberg.com/bw/ar... -
Re:$10/hr minimum wage coming to Walmart
They're getting out of the "slave/subsistence wages" business model. Walmart is in the process of upping their minimum wage to $10/hr (and taking a large financial hit along the way http://www.bloomberg.com/news/... ). They've already raised it to $9/hr. Moreover, it's not like Amazon warehouse workers get treated well. In fact, some say it's worse that Walmart: http://www.salon.com/2014/02/2...
Sorry, that's still pretty much "slave/subsistence wages". I had friends getting better wages than that twenty years ago in flyover states with nothing more than a high school degree. Still, the real issue isn't strictly the wages, but rather that they give people like my uncle as many hours a week as they can but not give him benefits. There's a reason that like fast food, you pretty much only see the young and old working at Walmart. They do not offer any sort of career type wage, even for the unambitious in a low cost of living state.
-
$10/hr minimum wage coming to Walmart
They're getting out of the "slave/subsistence wages" business model. Walmart is in the process of upping their minimum wage to $10/hr (and taking a large financial hit along the way http://www.bloomberg.com/news/... ). They've already raised it to $9/hr. Moreover, it's not like Amazon warehouse workers get treated well. In fact, some say it's worse that Walmart: http://www.salon.com/2014/02/2...
(That said, I still get a lot more stuff from Amazon than Walmart.)
-
Re:H-1B is bullshit
Frankly, I don't know. If you are looking at statistics [1], the unemploymenet in young graduates is only 5%. When you account for the ones between two jobs and the ones that falls in the category "the guy graduated but you really wonder why", it seems to me that the jobs are filled. So I can buy the argument that there is a shortage of talents.
Now, how this is managed by the H1B process and the OPT is dubious. (I am on H1B right now, and I find the status is weird.) I work in a univesity, and our graduates (domestic and international) pretty much all find jobs.
[1] I could only find that which is a 2012 statistics. Would love more recent statistics. http://www.bloomberg.com/bw/ar...
-
Re:Qatar is not the typical arab oil sheikdom
OPEC is hoping fracking will stop, inventories will dwindle and the oil price will go back up.
It won't. Oil prices are going to drop even more.
Saudi Arabia is betting electric cars and renewables will make oil demand drop like a rock, so they are selling as much as they can as fast as they can, while the price is still as high as it is. Iran is planning on increasing production to regain market share, now that sanctions have been lifted. -
Re:Works for Intellectual Ventures
Intellectual Ventures is very well known as the worst of the patent trolls. It is not an "invention company" it is an intellectual property litigation company.
Lowell Wood is notorious for his brazenly fraudulent claims about SDI technology (especially the X-ray laser chimera) during the 1980s.