Late last year, a cross-section of pundits predicted that 2020 would go down as one of the most volatile years in the history of financial markets mainly due to escalating trade wars. Turns out they were half-right. The current year really has been one of the most volatile on record not due to the feared trade tensions but a much…
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In another sign that the second coronavirus wave is hitting fuel demand, oil trading firms are looking for new supertankers to use them as floating storage for diesel as demand is expected to suffer from the renewed lockdowns in major European economies, trade and shipping sources told Reuters. Diesel in global floating storage is expected to increase as major oil…
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An aggressive push towards 100% renewable energy would save Americans as much as $321bn in energy costs, while also slashing planet-heating emissions, according to a new report. Joe Biden, the Democratic presidential nominee, has vowed to eliminate greenhouse gases from the US power grid within 15 years and essentially zero out emissions by 2050, a plan assailed by Donald Trump…
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Olive production in Pakistan is the next best agricultural solution for supporting the country’s cash-strapped economy. Current shifts in global economics call for innovation in the agriculture sector and a new export portfolio. According to reports, Pakistan imports olive oil worth $2 billion every year. In attempts to overcome this negative balance, the Punjab government initiated an olive production program…
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A major renewable energy project in Australia billed as the world’s largest solar farm in development has had its proposed location revealed. The AUD$20 billion facility – the heart of an ambitious electricity network called the Australia–ASEAN Power Link – will be built at a remote cattle station in the Northern Territory, roughly halfway between Darwin and Alice Springs. The gargantuan 10-gigawatt…
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China’s aggressive policy of planting trees is likely playing a significant role in tempering its climate impacts. An international team has identified two areas in the country where the scale of carbon dioxide absorption by new forests has been underestimated. Taken together, these areas account for a little over 35% of China’s entire land carbon “sink”, the group says. The…
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A team of University of Arkansas physicists has successfully developed a graphene circuit that could produce clean limitless energy. The new system works by capturing graphene’s thermal motion and transforming it into an electrical current. RELATED: NOVEL ULTRAFAST BATTERY BASED ON GRAPHENE CHARGES IN 15 SECONDS “An energy-harvesting circuit based on graphene could be incorporated into a chip to provide…
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A wedding and birthday party in suburban New York turned into two Covid-19 “superspreader” events that infected more than 50 people and left nearly 300 in quarantine, officials said. “This kind of blatant disregard for the well being of others is not only extremely disappointing, it will not be tolerated,” Suffolk County Executive Steven Bellone said at a news conference…
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Wah Nobel Group of Companies, a multinational concern, established in 1962 is a Joint Venture between Pakistan Ordnance Factories through Wah Industries Ltd,SAAB AB, Sweden and Almisehal Company, Saudi Arabia, has inked Memorandum of Understanding with an over 100 years old Company, Sheikh Zia-ul-Haq & Sons (Pvt)Ltd, for setting up of an Electric Vehicles and Electric Batteries Manufacturing / Assembly…
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Solar energy already powers almost everything on Earth — including us. Fossil fuels, hydropower, wind — to a large extent, all of these so-called energy sources rely on stored energy that ultimately came from good old Sol. Converting the sun’s rays directly into electricity avoids the carbon emissions and many of the other environmental problems associated with other forms of…
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