Tag Archives: innovation

The Break Even Cost For Shale Oil

Some more recent data and an excellent explanation of why the break even cost for shale oil is a moving target. Especially useful is the description of the horizontal drilling technique.

This explains why US shale oil production did not go down like the Saudis thought it would when recently (2015) they tried to pump more oil to capture market share from the US and others as world prices fell. It turned out to be hard to drive out shale oil producers.

151019tesfrackingdemo

screenshot-www-forbes-com-2016-12-02-11-02-03  What is the break even cost for shale oil? That depends on a number of factors, and it is a moving target.

Source: The Break Even Cost For Shale Oil

LR defines ‘autonomy levels’ for ship design and operation

How should the maritime curriculum change to reflect the skills required soon?

screenshot-www.lr.org 2016-07-29 10-08-51With autonomous ships likely to enter service soon, LR has set out the ‘how’ of marine autonomous operations in a new ShipRight Procedure guidance.

Source: LR defines ‘autonomy levels’ for ship design and operation

[PDF]

LR_Cyber_Enabled_Ships_ShipRight_Procedure_Autonomous_Ships_Version_1.0_July_2016

Team wins prize for rentable refrigeration in India

I found this outstanding example of entrepreneurship through the Supply Chain @ MIT blog.  It is a great case of entrepreneurs meeting a real need and shaping the product to fit it.  The extra advantage, and one all entrepreneurs should heed, is that many of the best ideas are  humanitarian, sustainable, and ethical, turning a problem real people (or creatures) have into something economically viable as well.  Hats off to these students.

Also note that MIT students (and Harvard students, I am bound to say, though my Princeton degree makes it harder) won the first 3 prizes!!

MIT News Logo

Modular boxes that keep food shipments fresh win MIT Food and Agribusiness Innovation Prize.

Source: Team wins prize for bringing rentable refrigeration to India’s food supply chain | MIT News

Supply Chain MIT Logo

http://supplychainmit.com/2016/05/03/modular-refrigeration-units-could-reduce-cold-chain-costs-in-india/