For more than two years, former Shell Oil president John Hofmeister has predicted $5-a-gallon gasoline prices by the end of 2012. And as the date that the Mayans coincidentally also think the world will end approaches, Hofmeister is sticking to that.
With 2011 national averages topping $3.50, gas prices have reached record-breaking levels. But, $5 a gallon would still represent an awfully steep climb for 2012.
“Right now, the basic supply and demand balance is at a serious point of escalation,” the straight-talking Hofmeister told CultureMap in a phone interview.
American gas prices are still rising, even in the midst of a sluggish economy.
Fuel prices were once easy to trend, rising with a good United States economy and dropping with a bad one. But in last decade, the conventional wisdom seems somewhat out of step.
American gas prices are still rising, even in the midst of a sluggish economy.
For Hofmeister — who founded the Read more…
“The consensus is that, if they decided to do it, it would probably take them about a year to be able to produce a bomb and then possibly another one to two years in order to put it on a deliverable vehicle of some sort in order to deliver that weapon,” Panetta said during a profile on CBS’s “60 Minutes.”
Tensions with Iran have mounted in recent months over Tehran’s threat to close the Strait of Hormuz and the killing of an Iranian nuclear scientist. Iran has said its nuclear ambitions are peaceful.
Panetta, who served as director of the Central Intelligence Agency for two-and-a-half years before heading to the Pentagon, reiterated the Obama administration’s position that it would do everything it could to prevent Iran from becoming a nuclear power. “If they proceed and we get intelligence that they’re proceeding with developing a nuclear weapon, then we will take whatever steps are necessary to stop it,” he said. Asked if that meant a possible Read more…
(PhysOrg.com) — Two years ago, scientists at the National Center for Atmospheric Research in Boulder, Colo., released a study claiming that inconsistencies between satellite observations of Earth’s heat and measurements of ocean heating amounted to evidence of “missing energy” in the planet’s system.
Where was it going? Or, they wondered, was something wrong with the way researchers tracked energy as it was absorbed from the sun and emitted back into space?
An international team of atmospheric scientists and oceanographers, led by Norman Loeb of NASA’s Langley Research Center in Hampton, Va., and including Graeme Stephens of NASA’s Jet Propulsion Laboratory in Pasadena, Calif., set out to investigate the mystery.
They used 10 years of data — spanning 2001 to 2010 — from NASA Langley’s orbiting Clouds and the Earth’s Radiant Energy System Experiment (CERES) instruments to measure changes in the net radiation balance at the top of Earth’s atmosphere. The CERES data were then combined with estimates of the heat content of Earth’s ocean from three independent ocean-sensor sources.
Their analysis, summarized in a NASA-led study published Jan. 22 in the Read more…
In the last week or so we’ve been reporting on solar flares that have been released and solar storms impacting earth, with more intense northern lights displays and concerns that radio communications and satellites could be disrupted. We can now tell you that yesterday the largest solar flare yet of 2012 occurred, this time an Read more…
A powerful earthquake of 6.3-magnitide has struck the central coastline of Peru, according to the U.S. Geological Survey (USGS).
Peruvian officials said at least 110 people have been injured by the quake; however, it is too early to assess the overall damage wrought by the natural disaster.
“The majority [of wounded] are suffering trauma and cuts,” Fernando Leon Castaneda, manager of a local hospital, told Radio Programas del Peru (RPP).
The tremor hit right after midnight, with its epicenter about 9 miles southeast of the city of Ica. Reportedly, it was felt across the southern and central parts of the mountainous Andes nation.
Ica is about 168 miles south of the capital city of Lima.
Ica itself has suffered damage to some buildings, as well as the loss of electrical power.
“We felt a terrible earthquake that’s really scared us,” Ica resident Blanca Cabanilla told the local radio. “It was similar to Read more…
A team of salvage divers has discovered an unexplained object resting at the bottom of the Baltic Sea near Sweden.
“This thing turned up. My first reaction was to tell the guys that we have a UFO here on the bottom,” said Peter Lindberg, the leader of the amateur treasure hunters.
Sonar readings show that the mysterious object is about 60 meters across, or, about the size of a jumbo jet. And it’s not alone. Nearby on the sea floor is another, smaller object with a similar shape. Even more fascinating, both objects have “drag marks” behind them on the sea floor, stretching back more than 400 feet.
“Could this be the Star Wars Millenium Falcon, a plug to an inner world or a marine version of Stonehenge?” asks CNN’s Brooke Bowman:
Well, it could just be another shipwreck. Or, mud.
But Lindberg says the ship theory doesn’t really hold up because of the unusually large size of the objects. “Of course it would be Read more…
FINALLY ! It all ties together.
Strange animal deaths starting last year…. global uptick in earthquakes…. weather patterns shifting / changing noticeably …. compasses showing variances …. airports changing their runway alignment …. sun rising early in Greenland …. record snow over Russia/Alaska …. north pole shifting …. gravity and moon anomalies…
And now this latest story — the USDA confirms that Read more…
To that end, the EU’s first summit of 2012, to be held on Jan 30, will focus on finding ways to kickstart growth and create jobs across the 27-country union, which is on the brink of recession and has average unemployment of 10 percent, rising to 45 percent among the young in countries such as Spain.
The problem is that after years of preaching austerity and telling wayward governments to cut spending and raise revenue, there is scarce capital readily available for investment, either at a national level or across the EU budget.
As a result, there is little expectation that Monday’s summit will produce concrete measures to boost either output or employment in the near-term, despite EU leaders first adopting their competitiveness mantra more than a decade ago.
“They don’t have much of a strategy apart from the typical laundry list of structural and labour market reforms, which is fine, but that is Read more…
Since the SAT and ACT cheating scandals broke wide open on Long Island, lawmakers have pledged to come up with unique cutting edge ways to combat identity theft.
On Monday, CBS 2’s Jennifer McLogan got the exclusive first look at what politicians will see first hand in Albany on Tuesday afternoon, and what could soon be implemented at a high school near you.
Inside the applied DNA Read more…
The Pinellas County School Board District in Clearwater, Fla. has paired up with technology provider Fujitsu Frontech North America to provide a reliable and secure method of handling school food service program transactions.
With more than 102,000 students, the district is the seventh largest in the state and the 24th largest in the nation. Efficiently serving this large population has, at times, proven challenging for the district, particularly in the school cafeteria snack and lunch lines.
Officials have tried everything from swipe cards to PINs, none of which seemed to help. The district even tested a fingerprint scanning system but it proved unreliable. “Students would place their finger on the scanner and leave behind oil, dirt, and residues. This would cause the system to malfunction or freeze up delaying the cafeteria lunch lines,” said Art Dunham, director of Food Service Department at Pinellas County Schools.
Then the district learned about vascular biometrics. Unlike other biometrics, Read more…