Category Archives: Business

Peak Oil

…has been delayed again:

It’s not clear yet how much oil is recoverable, but even at the low end the field would include as much shale oil as America’s Bakken formation, which has helped transform U.S. energy production and the global energy landscape. If higher estimates prove more accurate, Australia could join the U.S. as one of the world’s top oil producers.

Good news for the world. Bad news for OPEC (and those who want to fund Islamism). And for global-warming hysterics.

How Much Would A Death Star Really Cost?

To the disappointment of thousands who signed the petition, the Obama administration recently informed us that it has, and will have no plans to build a Star-Wars-style death star. Now, there may indeed be good reasons to forgo this addition to the nation’s defense, but the first one listed, that it would cost 850 quadrillion dollars, was based on an extremely flawed estimate. Which isn’t surprising, because among the people doing the estimating, only one has any experience in aerospace engineering (and probably none in costing of such projects). Continue reading How Much Would A Death Star Really Cost?