Crude oil prices may fall to 20 a barrel in coming months

first_imgGlobal glut and growth concerns may pressurize the crude oil market further, leading oil prices to fall to as low as $20 a barrel in coming months, according to a global brokerage firm.Brent oil prices fell nearly 2% or 71 cents to touch an 11-year low of $36.17 a barrel on the London-based ICE Futures Europe Exchange on Monday, while the US Benchmark West Texas Intermediate dropped 32 cents, or nearly 1%, to trade at $34.41 a barrel.The decline in oil prices comes on the back of growing concerns over the global growth, which could weigh on the oil demand in the coming months. A slowdown in demand may worsen the oversupply conditions that have been rattling the oil market since June 2014.”We reiterate our concern that ‘financial stress’ may prove too little too late to prevent the market from having to clear through ‘operational stress’ with prices near cash costs to force production cuts, likely around $20/barrel,” said Goldman Sachs in a note to its clients.”Our base case remains that the global oil stock build will on aggregate remain shy of storage capacity, although the storage buffer has once again narrowed. But this rebalancing is far from achieved…,” Business Standard quoted Damien Courvalin, Abhisek Banerjee, Raquel Ohana of Goldman Sachs, as saying in a report.Oil prices are also under pressure from an unchanged decision on production levels by the Organisation of the Petroleum Exporting Countries (OPEC) at its recent meeting. The oil cartel remains reluctant to cut the oil output, as it fears loss of market shares to other oil-exporting countries.”OPEC can’t take a unilateral decision, for example, to cut production and others … raise production. Either we all go to cut production to really defend prices or we have to wait and see,” Iraq’s oil minister Adel Abdul Mahdi told Reuters on Sunday.A slowdown in China and resumption in oil exports from Iran are also expected to keep oil prices lower for a prolonged period.last_img read more

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Will MS Dhoni return to lead CSK next year Captain makes huge

first_imgChennai Super Kings needed 150 to clinch their fourth IPL title and when Shane Watson, who was woefully out of form the entire tournament, started humming along, they were always going to be the favourites. However, despite the meltdown in the middle-order and despite, the slightly controversial run-out of MS Dhoni, the defending champions still needed 9 runs off the final over and Rohit Sharma threw the ball to Lasith Malinga.It was a brilliant over by the veteran, Yorkers, slower balls, and keeping his calm – he gave away only seven runs as Mumbai Indians went all the way to bag their fourth IPL crown. Epic scenes followed and MS Dhoni conceded after the match that it was not perfect tournament for his side, but his bowlers kept getting the job done.’The middle order wasn’t great’ MS Dhoni leads his sideIPL Twitter”As a team we had a good season. But we need to go back and reflect on how we reached the finals. It’s not one of those years where we played really great cricket to reach here. The middle order wasn’t great, and today it was very funny as to how both teams were only passing on the trophy from one team to the other,” the skipper said after the match.Speaking on the final, Dhoni believed that both sides made a lot of mistakes and in the end, the side which made fewer mistakes walked away with the match. He also said that they need to rethink few things, but not the focus will shift to the World Cup. File photo of former CSK captain MS DhoniIANS”Both teams made a lot of mistakes, the team that made one lesser mistake won. I think the bowlers did really well for us, even today it was definitely more than a 150 wicket. They kept performing and kept getting wickets whenever needed,” he further added.With MS Dhoni, there are always whispers about his own cricketing career and whether or not, he will continue playing after the World Cup. The skipper said that hopefully, he is back next season, a statement which drew raucous applause.”We have to go to our drawing board, and there is no real time for that now. We need to go into the World Cup and after that we need to see the gaps that we can fill. Nothing against the bowlers, it’s the batsmen who need to step up. [Will he be there in the next season?] Hopefully yes,” Dhoni said.last_img read more

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Trumps Immigration Policies Stress Baltimore Students

first_imgFor many immigrant students in Baltimore the Trump administration’s focus on deporting illegal immigrants has lead to constant praying that they or their family will not get picked up and deported by police.Franca Mueller Paz (right) outside with activist Yesenia (left) protesting recent deportations with their dance group Naciones Unidos (United Nations). (Photo credit: Casey McKeel)This fear has infiltrated the school system, from students and parents alike, leading to a spike in absences among immigrant students. This fear has also caused more distractions in the classroom, such as more texting in class so students can keep abreast of their family’s whereabouts. A delayed response has caused panic for more than one student this year, according to Franca Muller Paz, the adviser for Latinx Rising, a Latino/an organization at Digital Harbor High School in Baltimore.According to a memo distributed by Baltimore City Public Schools, school police and personnel are not allowed to ask a student’s status. The memo also states that Baltimore City Police are not supposed to ask for anyone’s legal status while patrolling the streets.However, due to an increased focus by the Trump administration on any immigrant in America illegally, almost any trip out of this house is a cause for alarm.Muller Paz said that an immigrant parent confided in her that she was uncertain where to purchase her child’s poster board for a class project. Undocumented immigrants, she said, are afraid that ICE raids may occur at stores such Walmart and Walgreens. In addition, absence rates among children of immigrants are rising.During a recent parent-teacher conference, one of the undocumented parents confided in her, teary-eyed, that she did not know how much longer she could continue to live in such conditions.Muller Paz said in an email to the AFRO, “The fear cannot be alleviated as long as systematic deportations of innocent people continues.”According to CNN, ICE removed 54,564 individuals, including 30,667 convicted criminals and 23,897 non-criminals, during the first three months of the Trump presidency. This is slightly lower than the number removed during the Obama administration during the same time period in 2016.While the number of deportations are currently lower under Trump, the president has vowed to increase them substantially. In an effort to fight back, the Latino students within the Baltimore City Public School system have formed Organized Youth in Education (OYE) to rally for students’ rights and to promote policies that supports immigrant families and students.last_img read more

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Nearthreshold computing could enable up to 100x reduction in power consumption

first_img Copyright 2010 PhysOrg.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com. In a recent study, a team of researchers, Ronald Dreslinski, et al., from the University of Michigan, have investigated a solution to the power problem by using a method called near-threshold computing (NTC). In the NTC method, electronic devices operate at lower voltages than normal, which reduces energy consumption. The researchers predict that NTC could enable future computer systems to reduce energy requirements by 10 to 100 times or more, by optimizing them for low-voltage operation. Unfortunately, low-voltage operation also involves performance trade-offs: specifically, performance loss, performance variation, and memory and logic failures. Continuing Moore’s lawAs the researchers explain, reducing power consumption is essential for allowing the continuation of Moore’s law, which states that the number of transistors on a chip doubles about every two years. Continuing this exponential growth is becoming more and more difficult, and power consumption is the largest barrier to meaningful increases in chip density. While engineers can design chips to hold additional transistors, power consumption has begun to prohibit these devices from actually being used. As the researchers explain, engineers are currently facing “a curious design dilemma: more gates can now fit on a die, but a growing fraction cannot actually be used due to strict power limits. … It is not an exaggeration to state that developing energy-efficient solutions is critical to the survival of the semiconductor industry.” In the past, technologies that required large amounts of power eventually became replaced by more energy-efficient technologies; for example, vacuum tubes were replaced by transistors. Today, transistors are arranged using CMOS (complementary metal-oxide-semiconductor) circuitry design techniques. Since beyond-CMOS technologies are still far from being commercially viable, and large investments have been made in CMOS-based infrastructure, the Michigan researchers predict that CMOS will likely be around for a while. For this reason, solutions to the power problem must come from within. Using Moore’s law as the metric of progress has become misleading: starting around the 65-nm node, improvements in packing densities no longer translate to proportional increases in performance or energy efficiency. Researchers predict that near-threshold computing could restore the relationship between transistor density and energy efficiency. Credit: Dreslinski, et al. ©2010 IEEE. “NTC is an enabling technology that allows for continued scaling of CMOS-based devices, while significantly improving energy efficiency,” Dreslinski told PhysOrg.com. “The major impact of the work is that, for a fixed battery lifetime, significantly more transistors can be used, allowing for greater functionality. Particularly, [NTC allows] the full use of all transistors offered by technology scaling, eliminating ‘Dark Silicon’ that occurs as we scale to future technology nodes beyond 22 nm where ’more transistors can be placed on chip, but will be unable to be turned on concurrently.’”Operating at threshold voltageNear-threshold computing could be the key to decreasing power requirements without overturning the entire CMOS framework, the researchers say. Although low-voltage computing is already popular as an energy-efficient technique for ultralow-energy niche markets such as wristwatches and hearing aids, its large circuit delays lead to large energy leakages that have made it impractical for most computing segments. So far, these ultralow-energy devices have operated at extremely low “subthreshold” voltages, from around 200 millivolts down to the theoretical lower limit of 36 millivolts. Conventional voltage operation is about 1.0 volts. Meanwhile, near-threshold operation occurs around 400-500 millivolts, or near a device’s threshold voltage.Operating at near-threshold rather than subthreshold voltages could provide a compromise, enabling devices to require less energy while minimizing the energy leakage. This improved trade-off could potentially open up low-voltage design to mainstream semiconductor products. However, near-threshold computing still faces the other three challenges mentioned earlier: a 10 times performance loss, five times increase in performance variation, and an increase in functional failure rate of five orders of magnitude. These challenges have not been widely addressed so far, but the Michigan researchers spend the bulk of their analysis reviewing the current research to overcome these barriers.Part of the attraction of near-threshold computing is that it could have nearly universal applications in high-demand segments, such as data centers and personal computing. As the Web continues to grow, more data centers and servers are needed to host websites, and their power consumption is currently doubling about every five years. Personal computing devices, many of which are portable, could also benefit from increased battery lifetime due to reduced power needs. Dreslinski notes that previous studies have shown that the impact of NTC on devices will vary based on a particular consumer’s usage. “A user who only uses their device for making phone calls won’t see much impact because most of the power is consumed outside the CPU,” he said. “However, users who utilize music/video players and other compute-intensive tasks on their phone could see significant battery life improvements and reduced heat generated by the device. Quantifying these numbers is difficult based on the varying workloads of users coupled with parallel advances in battery technologies. My unofficial estimate would be a 1.5x to 2x improvement in battery lifetime, although some users could see significantly more or less.”Near-threshold computing could also be useful in sensor-based systems, which have applications in biomedical implants, among other areas. While these sensors may have a size of about 1 mm3, they often require batteries that are many orders of magnitude larger than the electronics themselves. By reducing the power requirements by up to 100 times in sensors, near-threshold computing could open the doors to many possible future designs. (PhysOrg.com) — While electronic devices have greatly improved in many regards, such as in storage capacity, graphics, and overall performance, etc., they still have a weight hanging around their neck: they’re huge energy hogs. When it comes to energy efficiency, today’s computers, cell phones, and other gadgets are little better off than those from a decade ago, or more. The problem of power goes beyond being green and saving money. For electrical engineers, power has become the primary design constraint for future electronic devices. Without lowering power consumption, improvements made in other areas of electronic devices could be useless, simply because there isn’t enough power to support them. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.center_img Explore further Nanotech SRAM for battery devices unveiled Citation: Near-threshold computing could enable up to 100x reduction in power consumption (2010, February 17) retrieved 18 August 2019 from https://phys.org/news/2010-02-near-threshold-enable-100x-reduction-power.html More information: Ronald G. Dreslinski, Michael Wieckowski, David Blaauw, Dennis Sylvester, Trevor Mudge. “Near-Threshold Computing: Reclaiming Moore’s Law Through Energy Efficient Integrated Circuits.” Proceedings of the IEEE. Vol. 98, No. 2, February 2010. Doi:10.1109/JPROC2009.2034764last_img read more

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Responsibility towards heritage

first_imgLending support to the Government’s efforts to promote cleanliness, GAIL (India) Limited has adopted two historical monuments in Delhi- Purana Quila and Safdarjung Tomb – for upkeep and sanitation purposes as part of the Swachh Bharat Abhiyaan. It is a part of GAILS’s corporate social responsibility. Swachh Bharat Abhiyaan is a national level campaign by the Government of India, covering 4041 statutory towns to clean the streets, roads and infrastructure of the country GAIL employees have also been regularly participating in cleanliness drives in and around the company’s corporate office at Bhikaiji Cama Place for atleast two hours every week since the commencement of the Swachh Bharat Abhiyaan. Also Read – ‘Playing Jojo was emotionally exhausting’Activities such as cleaning of office peripheral areas, roads, railway stations, government schools, beaches, villages, delivering lectures to school going children on health tips, sensitizing contract personnel regarding importance of hygiene, etc. are being carried out at GAIL work sites across the country. In addition to this, GAIL (India) Limited has taken over the work of constructing over 1,000 toilets in schools across the country in a significant move towards fulfilling the PM’s commitment towards providing hygienic sanitation facilities for girl students. GAIL (India) Limited is the largest state-owned natural gas processing and distribution company in India.last_img read more

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Why superstitions are hard to shake

first_imgDo you forward a chain mail even though you know fully well that your action would not bring any promised luck? This is because you might consider the costs of ignoring rationality is low relative to the costs of ignoring intuition, suggests new research.The researchers found that detecting an irrational thought and correcting that error are two separate processes, not one as most dual-system cognitive models assume. This insight explains how people can detect irrational thought and choose not to correct it, a process described as ‘acquiescence’ in the study. Also Read – ‘Playing Jojo was emotionally exhausting’“Even when the conditions are all perfect for detecting an error, when people have the ability and motivation to be rational and when the context draws attention to the error, the magical intuition may still prevail,” said researcher Jane Risen from University of Chicago Booth School of Business in the US.Understanding how acquiescence unfolds in magical thinking, can help provide insight into how it is that people knowingly behave irrationally in many other areas of life, the study said. Also Read – Leslie doing new comedy special with NetflixCertain variables create situations in which intuition is likely to override rational thought. For example, people may acquiesce if they can rationalise their intuition by thinking that a particular situation is special. Acquiescence may also be more likely if the costs of ignoring rationality are low relative to the costs of ignoring intuition, the researchers said.The findings will be published in an upcoming issue of the journal Psychological Review.last_img read more

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Mark Zuckerberg Talks Workouts Telepathy and AI

first_imgJuly 1, 2015 5 min read Enroll Now for Free Opinions expressed by Entrepreneur contributors are their own. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now In a townhall Q&A session on Facebook yesterday, Marc Zuckerberg answered a handful of user-posed questions, tackling the specific (his workout routine, what’s on his reading list, the average number of hours he clocks in at the office each week) as well as the more far-reaching (predictions for Facebook’s future, the future of AI and the importance of creating a connected world).Below are a few highlights from the session, which drew questions from Richard Branson and Arnold Schwarzenegger, among others.On his workout routineZuckerberg works out three times a week, usually first thing in the morning, and tries to take his dog for a run whenever he can, saying it makes for a “hilarious” scene because it’s “basically like seeing a mop run.”(Fun fact: This nugget of information comes courtesy of Arnold Schwarzenegger, who asked Zuckerberg to shut down the whole “but I’m too busy to work out” excuse millennials are apparently fond of throwing around. “Mark, I always tell people that nobody is too busy to exercise, especially if Popes and Presidents find time,” he wrote. “You’ve got to be one of the busiest guys on the planet, and younger generations can probably relate to you more than they can the Pope – so tell me how you find time to train and what is your regimen like?”)On his work scheduleWhile he’s only physically in the office 50 to 60 hours a week, Zuckerberg doesn’t unplug when he leaves the building. “If you count all the time I’m focused on our mission, that’s basically my whole life,” he wrote.Related: Surprise! Mark Zuckerberg Isn’t a Workaholic. Well, Not Exactly.On the benefits of a connected world Richard Branson was on hand to ask Zuckerberg about why he’s working to connect the entire global population to the internet.While there are tangible benefits – such as “access to education, health information, jobs and so on,” he wrote – Zuckerberg believes that connecting more people will lead to more innovation. “Think about how many brilliant entrepreneurs there are out there who have great ideas and the will to change the world, but just lack basic tools to do so today,” he wrote. “If you go by the population, almost two-thirds of these entrepreneurs don’t have Internet access today. Once they get connected, we may have three times as many good ideas and amazing new services built that will benefit everyone around the world.”On artificial intelligenceIf Facebook’s ability to recognize and tag individuals in photos freaks you out, you won’t like what’s coming. “Our goal is to build AI systems that are better than humans at our primary senses: vision, listening, etc.,” Zuckerberg wrote. “For vision, we’re building systems that can recognize everything that’s in an image or a video. This includes people, objects, scenes, etc. These systems need to understand the context of the images and videos as well as whatever is in them.”On virtual realityLast year, Facebook acquired Oculus for $2 billion. So what are Zuckerberg’s plans for the company? In part, Zuckerberg says we can expect to see the social network use virtual reality to enhance online communication: “Just like we capture photos and videos today and then share them on the internet to let others experience them too, we’ll be able to capture whole 3D scenes and create new environments and then share those with people as well. It will be pretty wild.”Related: Mark Zuckerberg: I Would Only Hire Someone to Work For Me If I Would Work For ThemOn telepathyWhen asked “whats going on with facebook in the future?” Zuckerberg again focused on new methods of communication, this time going beyond advances in VR.If Facebook has anything to do with it, in the future we will be able to communicate telepathically. According to Zuckerberg, it’s the next natural advancement once swapping virtual reality experiences with one another becomes mainstream. “After that, we’ll have the power to share our full sensory and emotional experience with people whenever we’d like,” he wrote. “One day, I believe we’ll be able to send full rich thoughts to each other directly using technology. You’ll just be able to think of something and your friends will immediately be able to experience it too if you’d like. This would be the ultimate communication technology.”On pokingWhy’d he come up with the now defunct feature? “It seemed like a good idea at the time.”You can find Zuckerberg’s entire townhall session here, including answers to questions from Shakira, Arianna Huffington and Stephen Hawking. Related: To Improve His ‘Media Diet,’ Mark Zuckerberg Announces Virtual Book Club This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience.last_img read more

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