Posted by: Dale Wright on October 26, 2006 at 11:01 am - Trackback URL

Absolutely amazing!!! This is just the third quarter results…not the annual results. With the US population reaching 300 million earlier this month, Exxon’s profit is approximately $35 per US resident - and we know not every resident drives a car or fills up gas tanks the number is probably much higher on a per consumer basis. At todays rates, thats a whole tank of gas for most people. How long is this going to go on. I can’t wait for some disruptive technology to absolutely destroy the oil markets profits and bring prices back down to respectable levels.

DALLAS - Oil industry behemoth Exxon Mobil Corp. said Thursday its third-quarter earnings rose to $10.49 billion, the second-largest quarterly profit ever recorded by a publicly traded U.S. company. Its shares rose to a 52-week high.

The report comes as high crude prices this year have fueled record profits in the oil industry, triggering an outcry from consumers who were being asked to pay about $3 a gallon for gasoline in early August.

The largest quarterly profit ever was Exxon Mobil’s $10.71 billion profit in the fourth quarter of 2005.

They may beat that next quarter, said Howard Silverblatt Standard & Poor’s Senior Index Analyst. “Then in all likelihood they will be at that $40 billion mark for the year.”

That would put the company on track for the highest annual profit ever by a U.S. company. Exxon Mobil holds that record with a 2005 profit of $36.1 billion.

Although crude oil prices began to decline toward the end of the third quarter, the average market price for crude held at around $70 a barrel in the period after peaking above $78 per barrel in July. Oil futures prices have recently traded near $61 a barrel, and gasoline prices have dropped to an average of about $2.43 a gallon.

Exxon Mobil, the world’s biggest public oil company said its net income amounted to $1.77 per share for the July-September period, up from $9.92 billion, or $1.58 per share, a year ago.

The results surpassed the expectations of Wall Street analysts. On average, analysts expected the company to earn $1.59 per share in the quarter.

Exxon Mobil shares rose $1.32, or 1.8 percent, to a new 52-week high of $72.33 in morning trading on the
New York Stock Exchange.

Revenue fell to $99.59 billion from $100.72 billion from a year ago, which saw then-record oil prices because of hurricanes Katrina and Rita.

Another major international oil company, Royal Dutch Shell PLC said its third-quarter profit fell 34 percent to $5.94 billion even as revenues rose 10 percent to $84.3 billion. But the Anglo-Dutch company’s operating profit rose as higher oil prices outweighed worsening refining margins.

Earlier this week, ConocoPhillips reported its profit rose 2 percent to $3.88 billion in the third quarter while another major oil company, BP PLC, said its earnings fell 3.6 percent to $6.23 billion.

A fifth major oil company, Chevron Corp., is expected to report its results Friday.

High oil prices helped Irving, Texas-based Exxon Mobil realize earnings from its oil and gas drilling activities of $6.49 billion, up 13 percent from the prior year. The company also saw stronger earnings from its refining operations and gas stations, and profits at its chemicals segment more than doubled.

Posted by: Dale Wright on October 26, 2006 at 9:15 am - Trackback URL

Oct 24, 2006 - By W. Gardner Courtesy of TechWeb News

Scientists at MIT are close to putting together the pieces of a miniature gas-turbine engine with hopes that it could replace today’s battery technology and be used to power laptops and cell phones in the future.

The researchers, who are spread across different disciplines at MIT, hope to get the pieces to work together by spring. Eventually they hope to implant a tiny engine–the size of a quarter–in silicon. Considering the current recall of millions of laptop batteries, the MIT project takes on heightened importance.

“It’s very complicated to make a self-sustaining engine,” said Stuart Jacobson, principal researcher, in an interview Tuesday. The parts and functions that must work together include a compressor, a spinning turbine, a bearing system, and a combustion chamber.

The researchers turned to etching silicon wafers when they realized traditional welding and riveting procedures wouldn’t work. The overall discipline is called microelectromechanical systems (MEMS). The effort brings together researchers from the university’s Department of Aeronautics and Astronautics, the MIT Gas Turbine Laboratory, Microsystems Technology Laboratories, and the Laboratory for Electromagnetic and Electronic Systems.

The development team has stacked six silicon wafers on top of each other after the wafers have been prepared through a special etching process. The miniaturized parts include turbine blades that spin at 20,000 revolutions a second, according to an MIT press release. Ten watts of power are produced by a tiny generator.

Noting that the project is funded by the Army, Jacobson said a hoped-for early application would be a small engine in a “stand alone box” that a soldier could wear to power equipment like night vision gear. Batteries currently in use by soldiers are relatively heavy and often run out of juice too soon.

Jacobson is hopeful that a field test can take place in two or three years. After that, “an engine on a chip” could power laptops and cell phones. He envisions the technology being used one day to produce small rocket engines and small lasers.

Posted by: Dale Wright on October 25, 2006 at 12:27 pm - Trackback URL

Incredible. This thing works by bending or flowing the microwaves around the object - much like air flows around objects in motion. As such, there are no reflections back to the microve emission source. To a RADAR operator, it would appear as if nothing is in the sky as opposed to the current technology that just reduces RADAR cross section to make a B-2 bomber look the size of a bird on a scope. Read below for all the details.

Durham, NC - A team led by scientists at Duke University’s Pratt School of Engineering has demonstrated the first working “invisibility cloak.” The cloak deflects microwave beams so they flow around a “hidden” object inside with little distortion, making it appear almost as if nothing were there at all.

Cloaks that render objects essentially invisible to microwaves could have a variety of wireless communications or radar applications, according to the researchers.

The team reported its findings on Thursday, Oct. 19, in Science Express, the advance online publication of the journal Science. The research was funded by the Intelligence Community Postdoctoral Fellowship Program.

The researchers manufactured the cloak using “metamaterials” precisely arranged in a series of concentric circles that confer specific electromagnetic properties. Metamaterials are artificial composites that can be made to interact with electromagnetic waves in ways that natural materials cannot reproduce.

The cloak represents “one of the most elaborate metamaterial structures yet designed and produced,” the scientists said. It also represents the most comprehensive approach to invisibility yet realized, with the potential to hide objects of any size or material property, they added.

Earlier scientific approaches to achieving “invisibility” often relied on limiting the reflection of electromagnetic waves. In other schemes, scientists attempted to create cloaks with electromagnetic properties that, in effect, cancel those of the object meant to be hidden. In the latter case, a given cloak would be suitable for hiding only objects with very specific properties.

“By incorporating complex material properties, our cloak allows a concealed volume, plus the cloak, to appear to have properties similar to free space when viewed externally,” said David R. Smith, Augustine Scholar and professor of electrical and computer engineering at Duke. “The cloak reduces both an object’s reflection and its shadow, either of which would enable its detection.”

The team produced the cloak according to electromagnetic specifications determined by a new design theory proposed by Sir John Pendry of Imperial College London, in collaboration with the Duke scientists. The scientists reported that theoretical work in Science earlier this year.

The principles behind the cloaking design, though mathematically rigorous, can be applied in a relatively straightforward way using metamaterials, said cloak designer David Schurig, a research associate in Duke’s electrical and computer engineering department.

“One first imagines a distortion in space similar to what would occur when pushing a pointed object through a piece of cloth, distorting, but not breaking, any threads,” Schurig said. “In such a space, light or other electromagnetic waves would be confined to the warped ‘threads’ and therefore could not interact with, or ’see,’ objects placed inside the resulting hole.”

The researchers used a mathematical description of that concept to develop a blueprint for a cloak that mimics the properties of the imagined, warped space, he said.

“You cannot easily warp space, but you can achieve the same effect on electromagnetic fields using materials with the right response,” Schurig continued. “The required materials are quite complex, but can be implemented using metamaterial technology.”

While the properties of natural materials are determined by their chemistry, the properties of metamaterials depend instead on their physical structure. In the case of the new cloak, that structure consists of copper rings and wires patterned onto sheets of fiberglass composite that are traditionally used in computer circuit boards.

To simplify design and fabrication in the current study, the team set out to develop a small cloak, less than five inches across, that would provide invisibility in two dimensions, rather than three. In essence, the cloak includes strips of metamaterial fashioned into concentric two-dimensional rings, a design that allows its use with a narrow beam of microwave radiation. The precise variations in the shape of copper elements patterned onto their surfaces determine their electromagnetic properties.

The cloak design is unique among metamaterials in its circular geometry and internal structural variation, the researchers said. All other metamaterials have been based on a cubic, or gridlike, design, and most of them have electromagnetic properties that are uniform throughout.

“Unlike other metamaterials, the cloak requires a gradual change in its properties as a function of position,” Smith said. “Rather than its material properties being the same everywhere, the cloak’s material properties vary from point to point and vary in a very specific way. Achieving that gradient in material properties was a fairly significant design effort.”

To assess the cloak’s performance, the researchers aimed a microwave beam at a cloak situated between two metal plates inside a test chamber, and used a specialized detecting apparatus to measure the electromagnetic fields that developed both inside and outside the cloak. By examining an animated representation of the data, they found that the wave fronts of the beam separate and flow around the center of the cloak.

“The waves’ movement is similar to river water flowing around a smooth rock,” Schurig said.

Moreover, the observed physical behavior of the cloak proved to be in “remarkable agreement” with that expected based on a simulated cloak, the researchers said.

Although the new cloak demonstrates the feasibility of the researchers’ design, the findings nevertheless represent a “baby step” on the road to actual applications for invisibility, said team member Steven Cummer, a professor of electrical and computer engineering at Duke.

The researchers said they plan to work toward developing a three-dimensional cloak and further perfecting the cloaking effect.

Although the same principles applied to the new microwave cloak might ultimately lead to the production of cloaks that confer invisibility within the visible frequency range, that eventuality remains uncertain, the researchers said.

“It’s not yet clear that you’re going to get the invisibility that everyone thinks about with Harry Potter’s cloak or the Star Trek cloaking device,” Smith said.

To make an object literally vanish before a person’s eyes, a cloak would have to simultaneously interact with all of the wavelengths, or colors, that make up light, he said. That technology would require much more intricate and tiny metamaterial structures, which scientists have yet to devise.

SOURCE: Duke University

Posted by: Dale Wright on October 25, 2006 at 10:52 am - Trackback URL

MIMO is a wireless communications technology that actually uses multipath propagation to its advantage. What is Multipath? I’m glad you asked.

After transmission, radio signals bounce and reflect off objects along their path to a receiver. As a result, many different paths to a particular receiver are possible - each arriving at the receiver at slightly different times. Traditionally, these signals arriving at different times would actually interfere with one another and prevent the receiver from being able to recover the original signal.

MIMO on the other hand, uses these varying paths to carry even more information than previously possible. Essentailly, each different path to the receiver is used to carry different parts of the signal. At the receiver, each part is recombined by the MIMO algorithms into the original signal. Think of it as a form of Inverse Multiplexing. Start with a 100Mbps data stream, separate it into 10 different 10 Mbps data streams and transmit each stream at the same time - only along different paths to the receiver - where the 10 Mbps streams are recombined into the 100 Mbps stream.

MIMO is the basis of the IEEE 802.11n specification for WLANs having at least 100M bit/sec throughput. Additionally, MIMO, in conjunction with OFDM, are the bellweathers of the 802.16 wireless standard.

MIMO doubles the spectral efficiency compared with that of current WLANs. The maximum data rate for 802.11g and 802.11a networks is 54M bit/sec, though actual throughput is closer to 20M to 30M bit/sec. Current MIMO techniques can boost raw WLAN throughput to greater than 100M bit/sec. Some even tout systems that can support up to 250 Mbps.

Here is a listing of some currently available products that support MIMO technology.

Posted by: Dale Wright on October 19, 2006 at 8:11 am - Trackback URL

Tags: General

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