May
26
2008
As the price of oil heads ever higher ($131.57 Friday close for Brent Crude), we are led to believe that this is a fundamental supply and demand issue. The supply is drying up, and getting ever more expensive to extract, and the demand is growing unchecked, with the entry of China and Russia into the oil hungry nations.
A colleague of mine pointed me to an article on Bloomsberg which suggested that the current price is more to do with speculation, than with core supply and demand issues. Specifically, speculators are buying July futures to cover their short positions. While this is a supply and demand issue of sorts, it suggests that the real issue is not the fundamental supply.
I guess the next few weeks and months will tell us whether this is the case or not. If it’s true, it would suggest that the artificial bubble that exists now (if that’s what it really is) is likely to burst, and oil prices will crash.
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Feb
28
2007
Silicon Republic is carrying an article on a project called Metropolis being conducted at the Interaction, Simulation and Graphics Lab at TCD.
Pretty good and accurate piece on the project.
The DERI blog also has an entry about this.
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Dec
14
2006
Silicon Republic is reporting that TCD School of Computer Science has won an award of a technology donation from IBM of its Cell Broadband Engine).
Although unnamed, the recipients of the award are almost certainly a recent SFI award winning team, headed up by Prof. Carol O’Sullivan and with Dr. Steven Collins, Dr. Fiona Newell and Prof. Henry Rice as co-investigators. Congratulations to them all.
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Nov
29
2006
The European Commission has formally announced that the first FP7 calls will be opened on December 22.
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