The press has been abuzz recently with yet another energy surprise. America is producing so much oil from shale that the nation is, ostensibly, running out of places to store it all.
The total quantity of petroleum stuffed into huge steel tanks right now is at levels not seen for 80 years. Cushing, Oklahoma, for example, is filling up. Read More
Manhattan Institute Policy Paper
In the modern era, basic scientific research—a “public good,” often involving the pursuit of knowledge for its own sake—has been foundational to innovation and thus, to economic growth and social progress. Fostering yet more open-ended research will give rise to the fundamental breakthroughs needed to revolutionize everything from health care and security to energy and the environment.
But overall, U.S. leadership in basic research is slipping. Read More
The Daily Caller
There was a certain surreal disconnect in the State Of The Union address last night. President Obama set the stage early on: “At this moment — with a growing economy, shrinking deficits, bustling industry, and booming energy production — we have risen from recession freer to write our own future than any other nation on Earth.” Read More
Finally, there’s a number that says something useful about the mobile revolution. A newly released global survey
finds that an average consumer puts an implied value of $6,000 on their smartphone. That single number explains all the other engineering-centric statistics that are thrown around about this domain, from the rapidity of adoption to megabytes of wireless bandwidth to exabytes of traffic and billions of connected people. Read More