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Asteroid Mining

Asteroid Mining: Science Fiction or Science?

Leave a Comment / Commodity Trends / By

From the beginning of the genre of Science-Fiction, authors have dreamed of valiant spacemen and spacewomen (perhaps along with a few space pirates)  venturing out into the asteroid belt and mining precious minerals and bringing them back to a mineral starved earth. As with other Sci-fi inventions like StarTrek flip phones um… I mean communicators… science might be catching up with fiction. In the following article, Joao Peixe of Oilprice.com makes the case for the feasibility of mining the asteroid belt coming soon to a spaceport near you. ~Tim McMahon, editor.

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the Golden Opulence Sundae

From Ice Cream To Toilet Seats: The Most Bizarre Uses For Gold

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Since the days of Cleopatra, humankind’s desire to use gold in ever more bizarre ways seems to have grown stronger by the day, with food often the primary target of this creativity. Today, gold appears to have conquered cuisine, with everything from gold-covered ice cream, to gold tacos, Indian tandoori and even 24-carat-covered gold steaks.

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Is Saudi Arabia Still an 800 Pound Gorilla

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Almost everyone has heard the old joke, “Where does an 800 pound Gorilla sleep?” The answer of course is, “Anywhere he wants to”.  For most of the last century Saudi Arabia has been the 800 pound gorilla of the oil industry. But recently people have begun wondering whether Saudi Arabia is losing some clout. In today’s article Tsvetana Paraskova of Oilprice.com will look at just where Saudi Arabia stands.

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Oil & Chemicals

Merger Mania: The World’s Largest Oil Company And Petrochemical Company Merge

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In the following article from  OilPrice.com we see a major merger in the works to expand Saudi Aramco from just energy into chemical products. In previous articles we’ve discussed the possibility that Saudi Arabia is looking for alternative revenue streams as the world shifts toward renewable energy. 

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Oil Fallen

The $32 Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).

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Drilling Zones

Huge Backlog Could Trigger New Wave Of Shale Oil

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Why would a company spend millions of dollars to drill an oil well and then not finish it? There are a couple of  reasons. Thanks to rapid advancements in drilling technology shale oil wells can actually be drilled faster than they can be completed. This can result in a high inventory of uncompleted wells called “drilled but uncompleted wells (DUCs)”.  But when the U.S. Energy Information Administration (EIA) counts DUCs they don’t count the recently completed ones to allow time for completion.

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