Gradually switching to biofuels could provide new business opportunities throughout the fuel supply chain. For example, fuel bunker companies would be the most likely candidates to blend biofuels with marine fuels. All major European ports or bunker stations have biofuel production facilities nearby.
According to the study's authors, the main barriers to making these changes and accelerating the introduction of marine biofuels lie in market incentives, which are not coordinated among EU member countries. The EU's Renewable Energy Directive, for example, sets required targets for the use of renewable fuels in transportation, which includes shipping. However, EU members can implement the directive somewhat differently from one another in their national legislation. This can lead to variations in preferred offsets for renewable fuels in road transport.
Biofuels are not addressed in current shipping legislation, the study said. Also, the European-level legislation that complements global rules can be confusing. In addition to the Renewable Energy Directive, there are restrictions on the sulphur content of marine fuels. These restrictions are specified in the international MARPOL Convention.
If sulphur restrictions for marine fuels are tightened, biofuels triumph as they contain no sulphur. Their biodegradability also reduces the risk of marine pollution in case of spills. These advantages are not yet well reflected in current legislation. Introducing biofuels as a sustainable alternative fuel can change the current fuel supply chain completely. We have already seen this for road transport; we see this in current developments in aviation, and are certain this can also create new opportunities in the shipping sector.
Is there any concensus on how oil is formed? I looked it up (because I honestly don't know), and one article I read used the phrase "it is a known fact", which immediately makes my BS detector go off.
The article stated:
"The answer to how is oil formed in nature, lies in the two most widely acclaimed theories - biogenic theory and abiogenic theory. So let's see, what these theories have to say."
Then it went on to form a conclusion that it presented as "fact". I don't know how you form a factual conclusion based on two "widely acclaimed theories", but they did it.
How is oil is formed? (this is not a trick question) you made the statement "If you think of how oil is formed" in such a matter of fact way that I felt like the answer should be obvious. When I tried to think of how oil was formed, it wasn't obvious to me, which made me curious.
By the way, I also believe that there is much more oil than we supposedly know about, but I don't have any theory to back it up. If you just do some simple math, if oil were as scarce as we are led go believe, we would have probably never found it in the first place. The "known" oil reserves are somewhere in the vicinity of 10's of cubic miles. When you compare that to the volume of the earth it is a needle in a haystack.
I like the "nuclear battery" idea. I have long thought that nuclear reactors could be scaled down to the size of a baseball if we worked at it.
I like your example of a balanced portfolio. It is very similar. I hope that the government allows these mulitple groups to continue to work and can provide support to each equally if necessary. In some cases one or more group may have captial already established, while a new and emerging technology may need capital.
GlennA, the market has already adjusted to the price of oil, I remember the first, and especially the second, oil shocks. I had small sports cars at the time. They were not relaible, but got great gas mileage (that is not why I bought them). When I had to borrow my father's third car, an old Oldsmobile Delta 88, it was a real problem. It got about a third the gas mileage that my regular commuting car got. I couldn't afford to run it (well I could, but i didn't want to). Cars with those mileage characteristics do not exist any more.
On a more global note, the amount of oil required to produce a dollar of economic output in the US is well below what it was in the 1970s. We also are finding much more oil that we thought existed. The Middle East is the easiest place to pump oil, expect for the turmoil it causes. That will move production elsewhere over time. We have lots more oil than thought. That trend will not change. If you think of how oil is formed, it makes no sense that it is only available in a very limited number of locations. Any replacement for oill will have to be as easy to use. That will take some time, but it will come. How about nuclear batteries? Weren't those talked about at one time?
I see what you mean about the future of computation, as far as wearable computers go. And I certainly get how fast everything is changing, having covered electronics and electronics-related design and manufacturing for over 20 years. I suspect we will see both personal computation devices, since people like to personalize, and public access devices. OTOH, such dependence on the cloud still assumes we have 100% uptime of both electricity and Internet access, and I don't think we can make that assumption.
Thanks for going into more detail about your thoughts on both topics. It would certainly be better if we could somehow predict the future well enough to figure out innovations first and regulate second--or if we had the luxury of decades to prepare. But that's not the case with several environmental issues facing us. The EU is ahead of the US on first mandating (not exactly the same thing a regulating) and then working with industry to figure out how to meet those mandates, in several of these areas. Yet this doesn't seem to be stifling innovation at all; instead it appears to have the opposite effect. Japan is a also a good example of the same principle. In both locations, everyone seems to understand that they are all in this together. They are citizens--members of the polis--as well as business people. Meanwhile we've been dragging our feet over here in the name of not stifling innovation, which, in comparison, implies our innovative spirit must not be strong enough. That doesn't sound like America to me.
@Ann, I wasn't presenting my view of future... just a collection of possibilities to illustrate how quickly technology is advancing. Imagine 10 year's ago in April 2002: Google was 3.5 years old, Facebook, YouTube, LinkedIn, and Twitter did not yet exist, stylus-based PDAs were only used by early adopters and techies, and cars could net yet automatically parallel park.
Through examination of innovation rates in information technology, we can draw similarities to innovation rates in other industries, such as energy and manufacturing. I personally find it difficult to expect that we will be pulling into the local convenience store to pump 87 octane gasoline in the year 2212. My point against Regulation-Catalyzed Innovation is that innovators need to be "on board". After the Chicago Tylenol murders in 1982, product-safety Regulations were created that often trailed innovations in product safety -- no manufacturer of any product wanted their product altered or sabotaged before purchase. But when dealing with Alternative Energy, Regulations that are in place BEFORE innovations have a chilling effect on other innovations as inventors scramble to meet them, diverting time, personnel, equipment, and energy from other projects. My lament is against Politically-fueled Regulations that are put in place to satisfy a political ideology or political favor.
As for the visions for the possible future of computation it appears that at least two innovators are announcing a reprise of the "Stone Age" in ceramics and glass. Corning has presented its vision in "A Day Made Of Glass 2", while only yesterday, Google announced its "Project Glass". Corning's vision is inline with my mention of "public access" while Google's vision includes wearable computing, initially in the form of glasses.
I don't agree with your view of the future regarding cloud computing for several reasons, but the most important one is, it assumes everyone always has a) electricity and b) internet access. That's not the case and probably won't be, either ever or for a really long time. Beyond that, I don't at all get what it is you think we'll be accessing the cloud with. Public access devices don't seem realistic to me, partly for the reasons just mentioned. I also agree with Beth, I think people will continue to want their own personalized handhelds.
We need a multi-pronged strategy to dino-based fuel alternatives, both because we're running out probably a lot sooner than 2212, but more importantly, because they're harmful to the environment. Meanwhile, we're going to need all kinds of alternatives in the short term, including some we can source closer to home--while we're working out long-term strategies that can hopefully eliminate environment-harming practices like combustion engines. And we should certainly not wait until 200 years from now to find those alternatives.
BTW, "politics" comes from the Greek words for city and citizens. We may be in the business of technology, but we are also citizens, and must make rational and sensible decisions about our resources.
Wal-Mart will hold its second Made in the USA Open Call July 7-8, at its headquarters in Bentonville, Ark. The event will be a repeat effort by the world’s biggest seller of consumer goods to increase the amount of US-made products it sells in Wal-Mart stores, in Sam’s Club members-only wholesale outlets, and on walmart.com.
From design feasibility, to development, to production, having the right information to make good decisions can ultimately keep a product from failing validation. The key is highly focused information that doesn’t come from conventional, statistics-based tests but from accelerated stress testing.
There’s a good chance that a few of the things mentioned here won't fully come to fruition in 2015 but rather much later down the line. However, as Malcolm X once said, "The future belongs to those who prepare for it today."
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.