My Scribles

The oil industry, with its history of booms and busts, appears to be in the early stages of its latest downturn. The price of oil has plunged in recent months, reaching its lowest point in more than five years. Q: Why is the price of oil dropping so fast? Why now? A: This a complicated question, but it boils down to the simple economics of supply and demand. U.S. domestic production has nearly doubled over the last six years, pushing out oil imports that need to find another home. Saudi, Nigerian and Algerian oil that once found a home in the United States is suddenly competing for Asian markets, and the producers are forced to drop prices. On the demand side, the economies of Europe and developing countries are weakening and vehicles are becoming more energy-efficient. So demand for fuel is lagging a bit. Q: Who benefits from the price drop? A: Any motorist can tell you gasoline prices have dropped more than a dollar a gallon in recent months. Diesel, heating oil and nat

After much speculation and anticipation regarding the device, the Samsung Galaxy A7 has finally been made official. The slick metal-clad device will be made available in the Q1 in 2015. Depending on the market, Samsung will sell two versions of the A7. In some markets it will have a Qualcomm Snapdragon processor while in other markers the phone will use Samsung's own Exynos processor. However, the key feature of the A7 is not its hardware. It is its design. The phone uses a metal body and has a thickness of just 6.3mm. Both versions will sport 2GB RAM as well as an inbuilt memory of 16 GB, The slim smartphone will be available in the colors white, dark blue and gold. Samsung has assured that the device will be available at a "competitive price point". "We strive to develop devices that appeal to a broad range of consumers and are ahead of the next big social trend," said JK Shin, CEO and Head of IT & Mobile Communication at Samsung Electronics. "

India's newest airline Vistara took to the skies on Friday, marking the return of the Tata Group into the aviation business after six decades. Vistara is now the third full-service carrier in the country, after state-run Air India and private carrier Jet Airways. The inaugural flight took off from Delhi's T3 Terminal for Mumbai. Tata Group's chairman emeritus Ratan Tata said it has been a long-cherished dream for the Tata group to establish a world-class full service airline in India and he would dedicate this day to late JRD Tata, the former chairman of the group and India's first licensed pilot. "Today, that dream has come to life," said Ratan Tata. Vistara is a 51:49 joint venture of Tata Group and Singapore Airlines. Vistara marks the third attempt by Tata Group for re-entering the airline business. In 1995, the Tata Group had teamed up with Singapore Airlines to float an airline, but its proposal failed to take wings. In 2000, the duo's proposa

In Modi era, petrol costs more than aviation fuel: Congress http://ibnlive.in.com/news/in-modi-era-petrol-costs-more-than-aviation-fuel-congress/521418-37-64.html

Ice to blame for downing of AirAsia jetliner, report suggests http://www.theglobeandmail.com/news/world/ice-to-blame-for-downing-of-airasia-jetliner-report-suggests/article22288450/

Celebrating 35 years of its storage business, Seagate has announced the launch of what is claimed to be the world's thinnest portable hard drive. At 7mm, the new hard drive Seagate Seven is even thinner than the iPhone 6 Plus. Featuring an all-metal enclosure, the hard drive has a storage space of 500GB. It comes with braided USB 3.0 cable and 2-year limited warranty. It will be available in mid to late January for $99.99.

Life of Soldiers: India Looks American MQ 4C HALE UAV : India Looks American MQ 4C HALE UAV              The Indian Navy Looks to Buy American HALE ( High Altitude Long Endurance ...

The multi—billion dollar Rafale fighter jet contract with France has run into rough weather over a guarantee clause and steep rise in price with India making it clear that the ball is in France’s court as it looks at the option of buying more Russian Sukhoi—30 MKI warplanes as a back—up plan. India is insisting that Dassault Aviation, which manufactures Rafale, cannot renege on the Request for Proposal (RFP) clauses, which it had initially agreed to. The situation has come to such a level that France has been forced to send an empowered delegation later this month to “solve all remaining issues” to salvage the contract. A top Defence Ministry official here had this week admitted that there were problems and said India could consider buying more Russian—made Sukhoi—30 planes if the proposed deal with France collapsed. Recalling the last month’s meeting between Defence Minister Manohar Parrikar and his French counterpart, sources said French “were told categorically to stick to