We’ve seen concept videos for apps that let us try on watches, but now we’ve finally got something we can actually play with. Now we can try on watches without ever having to put on pants and leave the house. More »
Augmented reality – Watches – Shopping – Jewelry – Consumer Goods and Services
Category: News
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Augmented Reality App Lets You Try On Watches While Still In Pajamas [Geek Fashion]
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LG Eco Solar concept phone can recharge with indoor light

Eco factor: Eco-friendly cellphone equipped with a solar panel.
The LG Eco Solar is a concept phone by industrial designer Aaron Martinez that adds sustainability to your chatter with renewable energy. The phone features an onboard solar panel that can be recharged in sunlight or by incandescent and fluorescent lights when indoors.

The concept is compatible with Windows Mobile and features a brilliant display with advanced touchscreen technology, LED backlight, LED illuminated magnifier, Microsoft Silverlight Browser. Moreover, you’ll also find an 8MP camera with a resolution of 1920 X 1080 pixels and an option for 200X digital zoom.

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OnStar taps Google Maps for Chevy Volt navigation
Filed under: Hybrid, Sedan, Technology, Chevrolet, GM

Back in January, General Motors announced that OnStar would release a smartphone app to be used in conjunction with the 2011 Chevrolet Volt. The app allows owners to keep track of charge status, remotely lock and unlock the vehicle, along with providing diagnostic reports and a host of other features.
Last week, reports surfaced that Google and GM were in talks about implementing the search giant’s Android mobile operating system into its vehicles, and while that may still come to fruition, GM’s announcement tonight is far less dramatic.
The app that GM demonstrated on Android-powered headsets earlier this year will now be available with a “navigation” tab that ingrates with OnStar to provide turn-by-turn, voice-guided directions, along with vehicle location (think: finding your Volt in a parking lot) and allowing users to perform voice searches through their Droid, Incredible or other Android smartphone.
While tapping Google’s massive location-aware search is an important inclusion, it’s less than revolutionary, particularly when Audi is already beginning to include Google Earth navigation in the 2011 A8. Furthermore, GM says that the new functionality won’t be available on the Volt app at launch, but will be rolled out in the 2.0 version of the software. So if you’re keeping track, we’re talking about a yet-to-be-released feature for a yet-to-be-released car. Make the jump for the full details.
Continue reading OnStar taps Google Maps for Chevy Volt navigation
OnStar taps Google Maps for Chevy Volt navigation originally appeared on Autoblog on Tue, 18 May 2010 00:50:00 EST. Please see our terms for use of feeds.
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She Won’t Letcha I Betcha! (Dec, 1948)
She Won’t Letcha I Betcha!
A FINE TIME TO HORN IN! WHAT DO YOU KNOW THAT I DON’T, JUNIOR?
I KNOW HOW SIS FEELS ABOUT BAD BREATH! HONEST, JOE, YOU WANT TO SEE YOUR DENTIST BEFORE YOU TRY THAT KISS ROUTINE ON JANE!
TO COMBAT BAD BREATH, I RECOMMEND COLGATE DENTAL CREAM! FOR SCIENTIFIC TESTS PROVE THAT IN 7 OUT OF 10 CASES COLGATE’S INSTANTLY STOPS BAD BREATH THAT ORIGINATES IN THE MOUTH!
COLGATE’S ACTIVE PENETRATING FOAM GETS INTO HIDDEN CREVICES BETWEEN TEETH- HELPS CLEAN OUT DECAYING FOOD PARTICLES -STOP STAGNANT SALIVA ODORS-REMOVE THE CAUSE OF MUCH BAD BREATH.
NO OTHER TOOTHPASTE CLEANS TEETH BETTER THAN COLGATE DENTAL CREAM!
AND HOW I GO FOR COLGATE’S GRAND WAKE-UP FLAVOR!
NOW THAT I AM IN THE KNOW THERE’S NO NEED FOR MISTLETOE!
Cleans Your Breath While It Cleans Your Teeth!
COLGATE RIBBON DENTAL CREAM
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Fan Builds Stovepipe Telescope (Jul, 1934)
Fan Builds Stovepipe Telescope
USING a section of stovepipe for a tube, Arnold Oswald, Los Angeles amateur astronomer, has constructed a remarkably efficient reflecting telescope at a surprisingly low construction cost.
The total expense of constructing the stovepipe instrument, including the pipe, lens, reflector, tripod, counterbalance and other accessories, was slightly more than ten dollars, according to its builder.
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Autos Main Cause of Accident (Aug, 1930)
Autos Main Cause of Accidents
THE automobile continues to be the most dangerous article in America. Inside the home, bathtubs and loose rugs on floors vie with each other for the doubtful distinction of being most dangerous to human life and limb. More people are injured inside homes themselves than in gardens, farmyards or otherwise around the home. More than twice as many people are injured when riding in automobiles than as pedestrians.
In seriousness of injuries as measured by the money value of claims for accident insurance, automobile injuries again are far in the lead, being more than twice as costly on the average as injuries at home or to pedestrians and about one – fourth more costly than injuries to travelers. Among the causes of injuries by automobiles, collisions with other automobiles holds first place, accounting for 1572 injuries in 1929.
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Radio-Powered Sky Station (Feb, 1960)
Radio-Powered Sky Station
A loft on microwave power, sky station will provide better communications, better missile-age defense.
THE controlled transmission of energy through space is no longer a dream of scientists or the exclusive tool of fiction writers—it is reality.
Raytheon’s Airborne Microwave Platform (RAMP) is a sky station, not an orbiting satellite, that is powered and supported aloft by microwave energy generated at a ground station and beamed to the platform by antennas grouped in a 400-foot-square antenna array. Like a battery of searchlights all operating as one, these beams converge and are focused on a circular spot under-
neath the sky station, which is about 50 feet in diameter.
Why a sky station? The projected military and commercial capabilities are tremendous. RAMP is designed to raise itself 65,000 feet above the earth and become a highly stable “stationary” platform far above the weather. The curvature of the earth will not matter at that height.
To the average man, this would mean that he could watch the Folies Bergere from Paris, the Olympics from Europe, and other world events on his TV set as they happen. It would also mean that business and personal telephone calls and telegrams to distant points could be made at a fraction of the present rate.
A system of such platforms would act as a long-range missile alarm, guide defense vehicles (such as Bomarc anti-missile missiles), and reliably relay broadband communications and weather surveillance data to stations on the ground. The entire North Atlantic can be covered with only four such platforms. This amounts to an extension of
the DEW Line all the way to Europe.
Until recently, tubes with high enough power to keep a sky station aloft were available only at relatively low microwave frequencies. Low frequencies meant antenna arrays covering many acres would be needed to focus the microwaves on a high altitude sky station. The new Amplitron tubes now can provide power at much higher frequencies and they have the stability required to ensure an efficient, highly directional antenna pattern. This means that antennas can be brought down to reasonable size.
The Amplitron is the key to the entire project. A high-efficiency microwave amplifier tube developed by Raytheon, it can increase the microwave energy generated by the older magnetron many times. Under security wraps for many months the Amplitron’s effectiveness has been proved in the “Flight-Tracker” air traffic control system and other long-range radar systems. The heat dissipation problem has always placed severe limitations on the design of high-power
tubes, but the improved Amplitron can now handle many kilowatts thanks to new forced water cooling technology. Three-thousand megacycle tubes of 20 horsepower output are in production and units of 100 horsepower will be available shortly. Five hundred horsepower tubes are expected to be available in the foreseeable future.
The RAMP sky station has a projected 50-foot diameter (dictated by the antenna size on the underside), with a rotary wing 170 feet from tip to tip.
The circular collection antenna array on the underside is designed to pick up the microwave energy beamed from the ground and conduct it through waveguides to “lossy” elements, which convert microwaves to heat in much the same manner that a stove element converts electricity to heat. Compressed air or gas heated by the lossy elements will drive a heat engine while turbines operate the rotor blades keeping the platform aloft and supplying the power
for the electronic detection and transmitting units on board.
The received microwave energy can be efficiently converted to heat by any one of several high temperature heat exchange metals that are placed in a pipe-like waveguide, which is fed from the antenna. This is a key element of the propulsion system. When the platform is operating on microwave power, this heat exchanger performs the same function as the combustor section of a conventional gas turbine engine, which increases the work potential of the engine fluid by raising its temperature. In the combustor this is done by mixing fuel with air and burning the mixture. In the microwave heat exchanger, the same result is achieved by attenuating microwave energy, changing its form from electrical energy to thermal energy, and dissipating this heat directly to the working fluid which ultimately spins the turbine. A new Raytheon government-funded study (details still classified) is said to have conclusively licked the heat exchange problem.
The logical means to get take-off and climb power for the platform’s rotor blades is to install a chemical engine in the propulsion system. The supplementary chemical engine would amount only to a fuel tank, burner and heat exchanger in parallel with the microwave heat exchanger.
Even in high winds capped by gusts up to 20 to 30 knots the chemical system could lift the platform. At low altitudes the greater air density provides a power advantage despite the fact that the rotors are geared to work best at high altitudes. The RAMP would climb to altitude in a spiral path.
The science fiction writers are hard-pressed to keep ahead of present-day scientists. Perhaps in the not too distant future we will have high efficiency Amplitron-type tubes mounted in sky stations all the while beaming power through space at the earth, providing electricity for cars, houses and factories without local wiring.
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Skype Hires Two New Technology Experts
On Monday, Skype representatives announced that their senior management team now included two additional experimented members. Starting with next month, Neal Goldman will become the new Chief Legal and Regulatory Officer and this position will require him to oversee all legal and regulatory issues affecting Skype. The second staff addition is Doug Bewsher,… (read more) -
Cookies Ain’t Just Oreo
The World Wide Web or as we all know as the “Internet” has been very useful and fun to use especially now with the escalation of social networking sites like friendster, twitter, facebook and many more. So what do all these sites have in common? Cookies! Yes, Cookies!
You might find the term funny but this is very useful to both the internet users and for the sites (like those stated above). Cookies identify you to the site. They store settings about your preferred customized look and feel for the pages you view, your username and encrypted password or user id, who referred you to the site, profile preferences, and just about any kind of information the administrator want them to store to customize your user experience. Cookies are most commonly used to give you access to login protected pages once you’ve entered your information, identify you in content that you changed on the site like for example forum posts or article comments. Again, cookies will function as their creators have written them to function. This sounds like a simple, obvious statement, but it must not be overlooked because cookies are also vulnerable to exploits and hacks.
So basically cookies serve as your passport to secure sites. So whenever you are logging-in a site like facebook, always remember that there’s a cookie behind that.
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All the Names of Jesus – Study 18. Physician
The original meaning came from one who bandaged wounds. In the Old Testament there is very little said about the physician, for the priest was also the healer and, with the midwife (Ex. 1:15-16), was responsible for community health. Midwives were competent people who could handle difficult births with skill. Consider the midwife who turned the baby during the breech birth of twins in Gen. 38:27-30. Disease in the Hebrew tradition was not fought by magic abut was regarded as a result of a person’s relationship with God. There were strong laws concerning community health. God was the healer (Ex. 15:26) and the physician was literally the one who sewed together and bandaged. The earliest surgery was circumcision in Abraham’s time. Flints were used as scalpels.
In the Apocrypha there is a great description of a foreign-trained physician at work (Eccles 38:1-15).
In the New Testament Jesus quoted proverbs that complimented the healer’s skill (Matt. 9:12). He was seen as the Great Physician. The word Saviour means both the saviour from sin and the healer of the body. The power of Jesus over sickness was a description of His power over sin. Faith was integral to healing (Luke 7:50; Mark 5:34).
Luke, “The Beloved Physician” (Col. 4:14) showed by his use of medical terms both in the Gospel and in Acts that he was well educated in the Greek medical skills, possibly a Graduate of the famous Medical School of Tarsus, the home of Paul. Some expositors, however, show that Luke’s use of medical terms was not beyond that of a highly educated non-medical Greek of his day.
In the Apostolic church healers were part of the team ministry (1 Cor. 12:28). James (5:13-16) outlines the procedures for anointing the sick.
FOR TODAY
Mark’s sideways comment (not found in Luke or on AMA publications!) that the haemorrhaging woman “had suffered much under many physicians and had spent all she had, and was no better but rather somewhat worse” is a statement of fact, a common depreciation of the fine work done by physicians on people with impossible illnesses. It is also a reminder that in this day, when belief in the magic bullet of a pill equals that of primitive superstition, that the physician is not omnipotent.Galen, the gifted second century physician to the Emperor Marcus Aurelius and his son Commodus, who healed mental illness with the first application of shock therapy, also spoke of the task of all physicians: “I bind his wounds but God heals him.”
Many of the words that people use of illness today e.g. affliction, blow, plague, scourge, show how strong the traditional belief still is that suffering is a divine punishment. Both medicos and ministers have a task to educate people in an understanding of suffering. The magnificent Hippocratic Oath, a basis for medical ethics, should also be taken by pastors as a basis for their pastoral care. Ministers, please note and inwardly digest.
The missionary field is an outstanding illustration of the great work done by the physicians who have gone in the name of the Great Physician. We pay tribute to these doctors and nurses who, on the frontiers of the faith, have brought health and salvation.
There is still an urgent need for the priest-healer. Many illnesses have mental, emotional and spiritual causes that are not eradicated by the scalpel or a prescription. The word “salvation” means healing and it implies a healthy and integrated person, physically, mentally, socially and spiritually. The work of salvation is making men whole.
REV THE HON DR GORDON MOYES AC MLC
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Japan Will Soon Fly A Kite…In Space [Space]
Japan is launching its first Venus probe and along with it they’re sending Ikaros, a “space yacht” also known as the Interplanetary Kite-craft Accelerated by Radiation of the Sun. Yes, Japan is sending a gigantic kite into space: More »
Space – Technology – Japan Aerospace Exploration Agency – Sun – Venus -
Audi A9 Hybrid concept can repair itself if damaged

Eco Factor: Low-emission concept vehicle powered by a hybrid engine.
The brainchild of Spanish car designer Daniel Garcia, the Audi A9 concept is a low-emission hybrid vehicle for the future. The windscreen and the roof of the vehicle are formed of a futuristic nanotech material that repairs itself automatically if damaged.

The A9 would be positioned higher than Audi’s current flagship model, the A8, and is aimed to compete with other high-end luxury saloons on the market. Other futuristic additions include bodywork with a unique “electronic paint” that enables the vehicle to change color at the touch of a button.

The designer is proposing a low-emission hybrid setup to power the vehicle. This advanced setup will include an internal combustion engine working along with four in-wheel electric motors.



Via: Diseno-Art
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Assassin’s Creed II: Complete Edition coming in June
A new Assassin’s Creed II retail version has been announced to be coming out later this June. This was confirmed by Ubisoft, and it’s been revealed that this new version will be tagged wtih the “Complete Edition”
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Erin Andrews Peephole Video Has a Virus
ESPN reporter Erin Andrews has been videotaped naked in her hotel room. The video is circulating the net and now it contains a virus.

Somehow the peephole video helped Erin Andrews to get into the spotlight. It gave her even more publicity, specially now that she’s one of the favorites in Dancing With The Stars 2010.
The video was taken by a man named Michael David Barrett. He shot the nude video through several different hotel room peepholes. Erin Andrews filed a case against him and he was sentenced on March 15, 2010 to 30 months in prison.
In court, Andrews said to Barrett, “You violated me and you violated all women. You are a sexual predator, a sexual deviant and they should lock you up.”
The Erin Andrews peephole video was a top internet search on the Google. Many people are searching for it and probably wants to watch it. But curious surfers should think twice before watching it, because it has a virus.
When you download and watch the video, your computer will have a malware. Virus makers are using the Erin Andrews peephole video as a trap to infect Apple Macs and Windows PCs with malware.
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Mobile Energy harvests solar and wind energy for sustainable camping trips

Eco Factor: Portable charger harnesses renewable solar and wind energy.
Designed by Cheng Peng, the Mobile Energy is a portable charger for camping enthusiasts. The concept device harvests solar and wind energy to recharge a variety of handheld devices. The device features solar panels onboard the blades of a small wind turbine which makes sure that renewable energy can be generated when either of the two sources is available.

Mobile Energy also includes a powerful LED torch to light up camping nights sustainably. The fan can be removed from the system to ease storage and also use the device as an indoor light source.



Via: YankoDesign
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Chris Daughtry Expects Twins this Fall
American Idol alum Chris Daughtry and his wife Deanna Daughtry have announced that they are expecting twins this November via surrogate mother. “Deanna and I are overjoyed about this double blessing,” Daughtry, the Season 5 fourth-place finisher, said in the statement. “Thank you for your expressions of love and support and for respecting for our privacy during this special time.” “Due to Deanna’s partial hysterectomy in 2006, the couple used IVF and had their embryos transferred to a gestational surrogate,” stated in Daughtry’s site.The twins were conceived through In Vitro Fertilization (due to Deanna’s partial hysterectomy four years ago), and were transferred to a gestational surrogate who will carry them and will give birth to them. The couple was married on November 11, 2000. Daughtry and his wife already have kids prior to the twins. Daughtry, 30 years old, has two children: a stepdaughter, Hannah, born September 7, 1996 from his wife’s previous marriage, and an adopted son, Griffin, born June 30, 1998. Daughtry was born in Roanoke Rapids of North Carolina, and raised in Lasker, North Carolina, until he was 14.They later moved to Virgina, where Daughtry grew up before he relocated to McLeansville of North Carolina. His family of four will soon become a family of six thanks to the miracles of modern medicine and the kindness of a surrogate.
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I Love Rock And Roll Premium Theme By MMMOOO, Bring The Concert To Your BlackBerry

MMMOOO let us know about a new theme of their’s that is available in the BlackBerry App World for $5.99. I Love Rock And Roll captures the moment of the concert aura in the city, with blues and purples and hands in the air, you almost feel like playing a game of Rock Band. Lively and colorful, check it out…

There’s not too much in the description so I’ll show you what I have. I downloaded and installed this theme on my BlackBerry Tour 9630. You see two silhouettes of people singing with their microphones and arms raised, and the hands of the crowd in the homescreen. The battery life indicator is a black tube with purple juice, and sits on the top left. The microphone on the top left cleverly disguises the signal strength indicator in purple waves. The time and date sit in the center. There is a row of six customizable icons on the very bottom.




As you can see, very colorful. Click on the options button and you see all the icons. Icons are all playful cartoon-like and fun. The lettering is different too. The highlight bar is purple. All the icons are familiar and the theme is great for those who love music. The lavenders, purples, and blues all look great. The two silhouetted singers are the background for all folders.
I swear I could hear Rock Band calling me and hear the roar of the crowd with this theme. It’s pretty lively.
You’re reading a story which originated at BlackBerrySync.com, Where you find BlackBerry News You Can Sync With…
This story is sponsored by the new BlackBerry Sync Mobile App Store. Grab your free copy today at www.GetAppStore.com from your BlackBerry.
I Love Rock And Roll Premium Theme By MMMOOO, Bring The Concert To Your BlackBerry
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GM teams up with Google Maps to add ‘navigation’ feature to Chevy Volt Android app
Android app for the Chevrolet Volt will allow users to connect to OnStar remotely
It was reported last week that General Motors is working with Google to come up with a rival in-car technology system to Ford’s Microsoft SYNC – well, that’s not entirely true (at least not for now). General Motors announced today that it is working with Google to beef up its Chevrolet Volt app that it unveiled at the 2010 Consumer Electronics Show in January.
Working with Google Maps, GM added a new tab to the Volt app called “navigation.” The section will allow the owner of the Volt to locate the current location of their vehicle pinpointed on Google Maps. Also from the map screen, owners can use Google to search by voice for local destinations with their Android handset. Once they find the location (related to the Volt’s current location), they can send the destination straight from their Android to their Volt and have OnStar Turn-By-Turn direct them to their venue.
Click here to read our first drive impressions of the 2011 Chevrolet Volt.
GM said that the new “navigation” functionality won’t be available with the Volt app at launch, but is planned for 2.0.
At launch the Volt app will allow owners to see charge status, access the “Charge Now” feature or schedule future charging time. They can also see the percentage of battery charge and range level, send text or email notifications for charge reminders, display the mpg, remotely start the Volt to pre-condition the interior temperature of the vehicle and see the mpg, EV miles and miles driven from their last trip.
As for GM and Google working together to compete with Ford’s Microsoft SYNC system… Chris Preuss, OnStar president said:
“While OnStar will never lose sight of our core focus on safety and security, this relationship is an example of how we’re evolving our leadership position in connected vehicle technology. What we’re talking about today is only the beginning.”
You can read into that as much as you’d like.
Make the jump for the press release for more details.
First Drive: 2011 Chevrolet Volt:
All Photos Copyright © 2010 Omar Rana – egmCarTech.
Press Release:
OnStar Leverages Google technology to Connect Customers to the Chevrolet Volt
New features coming for Chevrolet Volt Mobile App
Detroit – OnStar is leveraging the power of Google technology to develop a number of new mobile app features that strengthen Chevrolet’s commitment to providing Volt customers with the most connected vehicle experience possible.
The public will get a peek at what OnStar is working on at the Google I/O conference May 19-20 in San Francisco, CA, where OnStar will debut and demonstrate new functionalities they’re developing for the Chevrolet Volt mobile application leveraging the AndroidTM platform.
“While OnStar will never lose sight of our core focus on safety and security, this relationship is an example of how we’re evolving our leadership position in connected vehicle technology,” said Chris Preuss, OnStar president. “What we’re talking about today is only the beginning.”
A new “navigation” tab has been added to the home screen of the existing Chevrolet Volt mobile app on the Android smartphone. When a Volt owner presses this tab, they will be able to see the current location of their Volt pinpointed on Google MapsTM , as well as their location relative to it.
From this map screen, owners can use Google search by voice to vocally search for a destination with their Android handset, and see where that destination is related to the Volt’s current location. They can then elect to send the destination from their Android phone to their Volt and have OnStar Turn-By-Turn directions to their destination waiting for them when they start the vehicle. Additionally, the owner will also have the option to get voice-guided directions to their vehicle from their current location, using Google Maps Navigation.
The new functionalities won’t be available on the Volt mobile app at launch, but are planned for a 2.0 version.
The smartphone mobile application for the Chevrolet Volt made its debut at the 2010 Consumer Electronics Show and is planned to launch in tandem with the Volt this fall. Launch features include:
· Charge status display – plugged in or not and voltage (120V or 240V)
· Flexibility to “Charge Now” or schedule charge timing
· Display percentage of battery charge level, electric and total ranges
· Ability to manually set grid-friendly charge mode for off-peak times when electricity rates are lowest
· Send text or email notifications for charge reminders, interruptions and full charge
· Display miles per gallon, electric only miles, and odometer readings
· Shows miles per gallon, EV miles and miles driven for last trip and lifetime
· Remotely start the vehicle to pre-condition the interior temperature
“These two new features add to the suite of mobile application features for Volt that given Volt owners a personal connection to their car,” said Tony DiSalle, Chevrolet Volt marketing director. “Connecting customers to their cars is one way we’re using technology to provide value and a real useful benefit to the Volt owner.”
– By: Omar Rana
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Three Mile Island for US Oil
Willie Shakespeare may have summed it up best when, borrowing the voice of King Richard III, he penned “A horse! A horse! My kingdom for a horse!”
History is replete with examples of how, but for the proverbial horse, kingdoms have been lost.
My reference point is an accident that will almost certainly lead to tragic miscalculations and havoc down the road. And, I might add, an exceptional opportunity for the patient and attentive investor.
It has to do with an impending shortage of easily accessible (read: inexpensive) oil to quench the insatiable thirst of the United States.
It’s also connected to the inroads the cash-rich and geopolitically ambivalent Chinese – among others – have been making in building strategic relationships, and making direct investments, with the world’s major energy providers.
With only so much oil to go around, every new off-take agreement signed by the Chinese with the Saudis or Venezuelans, for example, is a net loss in supply to other bidders, notably the world’s largest energy consumer, the United States.
That the Chinese, and other countries, are aggressively securing long- term energy arrangements, coincidental with what appears to be an official US diplomatic initiative to actively offend all the major energy producers, makes the securing of US-controlled reserves and production critical.
The problem with cheap oil can be seen in the chart here.

And it has been confirmed in a recent report issued by the US military, conveniently summarized by DailyFinance: “A recent Joint Operating Environment report issued by the US Joint Forces Command suggests that the US could face oil shortages much sooner than many have anticipated.
“The report speculates that by 2012, surplus oil production capacity will dry up; by 2015, the world could face shortages of nearly 10 million barrels per day; and by 2030, the world will require production of 118 million barrels of oil per day, but will produce only 100 million barrels a day.”
The US needs secure oil sources, and “on the double,” as a military type might say. And so the pressure has increased for the US government to remove its actual and effective regulatory bans on offshore drilling.
While it’s more smoke than fire, the Obama administration recently made a tentative step in that direction – because even though its most ardent supporters may hate the extractive industries, Team Obama is not stupid enough to think that the energy gap is going to be closed by solar or wind power anytime soon.
Which brings us to the lost horse in this drama – the messy sinking of an oil rig off the coast of Louisiana, resulting in a spill of about 5,000 barrels, or 210,000 gallons, a day into the Gulf. It is estimated that it could take a month or more to cap the well.
The damage caused by this untimely sinking will extend far beyond wreaking havoc on the wildlife – the real importance is that it hands the luddites and enviro-fanatics just the ammunition they need to thwart the expansion of offshore oil drilling. It is the equivalent of the accident at Three Mile Island, which set the nuclear power industry back for decades.
And that means precious time lost, and a near certainty that America will find itself hostage to the oil-producing nations in the years just ahead. That, in turn, means higher and higher prices, and hundreds of billions of dollars flowing overseas. Which, in turn, means a persistently high current account deficit, adding yet more weight to the pressure building on top of the US dollar.
Even if the US were to adopt the equivalent of a war footing in its quest for new offshore discoveries, the size of our steady demand assures that any new finds would still be insufficient over the medium to long term. If the military’s assessment is even close to being on target – with global shortages appearing in four short years – then even the most urgent action taken today would prove woefully inadequate.
But the US is not adopting anything remotely close to urgent action in the quest for new oil supplies. Quite the opposite. The administration and its well-meaning but ill-advised allies are advancing legislation to hinder and penalize virtually all the base-load power providers. And thanks to the poorly timed sinking of the Deepwater Horizon rig, the opponents of “dirty” energy have been provided with a powerful weapon to be used in challenging all new offshore drilling initiatives.
How to play it? First and foremost, you’ll need to be patient. Oil prices aren’t going to skyrocket overnight, and the base-load power industries – oil, coal, gas, and nuclear – will still have to struggle through the coming onslaught of politically motivated regulatory hamstringing. Between now and the time that the depth of the nation’s energy problem becomes apparent to all, the energy sector will remain volatile.
The time to begin buying is when new legislation, coupled with a next leg down in the broader economy and markets, results in an across-the- board sell-off in the energy sector. That will be the time to get serious about building your energy portfolio. Between now and then, your goal should be to learn as much as you can about this critical sector.
And don’t forget to include the oil services sector in your studies. That sector could be the poster child for “feast or famine.” While the sector has bounced off its 2009 bottom, as the inevitable scramble for new offshore discoveries begins, the better-run companies will reward patient investors.
Dave Galland
for The Daily Reckoning AustraliaSimilar Posts:












