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Smart production techniques squeeze the last drops out of older oil wells

In a market that has been glutted for the last one year, U.S. shale producers have found ways to maximize and optimize the production of oil wells. The U.S. shale oil industry is going through an interesting phase, older well which should normally gush out their contents before petering out are not...

Pratt & Whitney to build engine for Northrop’s new long range B21 bombers

United Technologies’ Pratt & Whitney to build engine for Northrop Grummn’s new long range bomber, which the USAF wants to deploy in the mid-2020s. The U.S. Air Force has named Pratt & Whitney as the engine manufacturer for Northrop Grumman Corp’s new long range strike bomber. Additionally...

Brent Crude holds the line at $40 a barrel

Although investors and traders are looking at $50 a barrel, towards the end of 2016, U.S. shale oil producers have warned that they will come back if oil prices hit $40 a barrel. Weak Chinese trading data has yet again caused oil prices to slide with Brent crude, the only exception, still holding...

German Cartel to investigate FB for abuse of power

This is likely to be an outcome from the lapse of renewal of the Safe Harbour Framework. In what could potentially have far reaching legal consequences for tech companies including social networking giant Facebook, Germany’s cartel office has disclosed that it has opened an investigation into the...

Markets across Brazil, Africa and China lose their glitter

Boom and bursts cycles are only cyclic in nature. Early investors have benefitted from astronomic returns while latecomers to the party have burnt their fingers badly. After the burst of the dotcom bubble followed by the global financial crisis, industries in emerging markets are grappling to find...

Economic fundamentals acts as wind beneath the wings of the surge in Stock Markets

Will this be another Icarian act or is the data strong enough to pull markets out of their torpor? Various indexes point to strong sustained growth in the U.S. and with China finally appearing to make some impact against headwinds, the possibility of an economic lift-off in the near future wouldn’t...

Oil Industry has to innovate in order to survive

The oil lobby has for long mocked and called Climate Change a hoax. Unfortunately the reality of the situation has caught up with it. Unless the oil industry innovates, it will be wiped out regardless of its argument that the developing world needs cheap energy. The survival of our very species is...

Why Today Looks Like a Threshold of the Great Depression

Senior economist of the Bank for International Settlements Claudio Borio in his work compared the current situation with the 1929-1930 biennium. Mr. Borio came to a disappointing conclusion: there are too many similarities between these two historical moments.

The Largest Military Exporters in the World

Leaders of arms exports for 2011-2015 were the United States, Russia, China, France and Germany. They had 74% of the supply of arms in the world. Compared with the years 2006-2010, top 5 exporters increased their arms sales by 15%. Also, the supply of arms has significantly increased from China’s side. The last five years, China occupied sixth position in the ranking of arms merchants, but now Beijing has managed to overtake France, Germany and the UK taking third place, right behind the leaders - the US and Russia. Because of this, London has been relegated to sixth place.
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