Oil prices reach 114 USD a barrel

Oops, we did it again. Oil prices are again on the rise and reached recently $114 a barrel. This is their highest levels since 2008. Fears of current events in Iraq are explaining this. As Bloomberg noted : ” The international benchmark surged above $114 on June 13 for the first time in nine months … Read more

Putting the A/C at the right temperature

Air conditioning is a fantastic invention as it allows to remain cool when temperatures are reaching 30°C and even 40°C. However, in many buildings around the world, the A/C is not set at the right temperature. As the New York times noted :

“Without fail, every year since moving to Hong Kong, I get a really bad cold. (…) “Oh, it’s quite common this time of year,” my doctor told me. “Everyone gets sick.” He was referring to the time of year that Hong Kong cranks up its air-conditioning. “

I have read that the same situation occurs in Singapore. I have witnessed it first hand in Europe as well. Others have told me about such a situation in America. This is a widespread phenomenon.

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Can Iraq quadruple its oil production ?

According to an article from The Economist, Iraq has plans to quadruple its oil production by the next seven years. This would increase the production from the current 2.5 million barrels per day to 12 million barrels. This would bring Iraq as the world’s first oil producer, putting Saudi Arabia in the second place. The … Read more

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