Showing posts with label there. Show all posts
Showing posts with label there. Show all posts

Monday, March 4

There are gold (and Platinum) in them thar asteroids

There are gold (and Platinum) in them thar asteroidsDaniel Bukszpan - 2 days

People who the dramatic footage of a Meteor crashes in Central Russia Urals DA14, an asteroid, now flying from Earth have seen may be a little uncomfortable at the thought, 2012. This does not include Peter Diamandis and Eric Anderson.

The two men are the co-founder and co-Chair of the Seattle-based firm of planetary resources, Inc., and for them, an asteroid is not the stuff of the modern disaster films. Rather represent the next stage of the extraction of valuable resources.

Water and metals consist of asteroids, and each time, when it comes from the Earth, is outside the opportunity to preserve their resources. The aim of the company is the development of spacecraft and to analyze asteroids by me.

Sounds maybe like a futuristic fantasy, but it is not. The company already has the support of such heavyweights as Larry page and Eric Schmidt of Google and "Avatar" Director James Cameron and according to Diamandis, the first mission will take place in 20 months.

The prospecting and mining of asteroids rely on the use of the company's extremely light Arkyd series spaceships, which Diamandis, referred to as "the Smartphones of spacecraft." He said that they orbit of the Earth continue to recognize and analyze asteroids that come near enough. You will then be with asteroids with the correct properties dock extract the desired materials and return to Earth.

"Our core business on these asteroids as a resource for the benefit of mankind, with three main selling points, looking," he said. "The first is many of these asteroids are rich in water, and water is precious for hydrogen and oxygen, which is rocket fuel." "Has a 75-meter asteroid, when it suddenly rich enough water on board to all 135 space shuttle missions fuel."

The second category is platinum group metal-rich asteroids. He said "a single 500-meter LL Chondrite more Platinum than has been mined in the history of mankind,". "Our goal is to asteroids, correspond to its orbit, brochure with cameras and imaging systems, to identify clearly what they are made, and determine the percentage of Palladium, Platinum and gold to go."

The third category is the asteroid with the potential to hit the Earth. "Of the millions of asteroids out there orbiting the Sun, some small percentage actually comes close to the Earth," he said. "A thousand or so are about a kilometer in size, the size, which killed the dinosaurs." If you develop asteroid mining capability, can change their trajectory and to divert these asteroids almost for free. It is a side effect."

Diamandis said that this ability very close to reality. "We have contracts with [Defense Advanced research projects Agency] DARPA and NASA, and we develop highly autonomous systems," he said. "We fly hundreds of spacecraft this decade, and we do, prospecting in about five years."

Time will tell whether planetary resources lands of humanity from extinction-level event store or to increase mine just enough precious metals to the gross domestic product of the country.

Wednesday, April 27

Saudis cut oil production, say there is excess supply

KUWAIT - Saudi of Arabia oil Minister Ali al-Naimi said on Sunday the world market oil was oversupplied and the world's top already had reduced oil exporter production due to weak demand.

Consumers urged OPEC to quickly add to suppress the supply of the rally, created the oil to its highest level in two and a half years in the midst of riots in North Africa and in the Middle East.


"The market is overbalanced..." Our production in February was 9.125 million barrels per day (bpd), in March it was 8.292 million barrels per day. In April, we don't know yet, probably a little higher than March. The reason why, the I you these figures have given you to show that the market is oversupplied, "Naimi told reporters.


Two Saudi-based industry sources told of Reuters last week that the Kingdom had cut production by 500,000 barrels a day in response to weak demand.


OPEC have strongly rejected responsibility for high oil prices officials in recent weeks, but Naimi's words are the clearest indication yet that a need for more oil is that the group is not convinced, and that OPEC also can leave policy unchanged at its June meeting.


The United Arab Emirates on Sunday quoted oil Minister Mohammed bin Dhaen al Hamli, who says of the market well supplied and that was the price of oil not on fundamentals.


"Why should OPEC increase production in June?" There is no need, the market oversupplied and the price is "said on Sunday an Gulf OPEC delegate." not high, due to a lack of security of supply,


The International Energy Agency, which industrial Nations, warned last week high oil prices began to hurt economic growth.


Naimi declined to comment on the current price of crude oil.


Oil fell last week after Goldman Sachs warned that high oil prices demand but rebounded can be undermined for signs of a renewed health in the US economy on Friday.


Saudi Arabia and some other OPEC members most of the oil industry strengthened single-sided oil production after the North African member of the OPEC which shut down uprising in Libya.


Naimi confirmed Saudi Arabia 2 million barrels sold its so-called special blend that State oil company Saudi Aramco as a replacement for Libyan oil produced on the market due to the Libyan unrest was lost which but market sources say demand for the mixture was muted.


A survey of the Reuters News Agency estimated that Saudi Arabia made 9 million barrels per day in March, up from 8.65 million barrels per day in February.


Copyright 2011 Thomson Reuters.

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