James Hamilton:

“Peak oil is dead,” Rob Wile declared last week. Colin Sullivan says it has “gone the way of the Flat Earth Society”, writing

Those behind the theory appear to have been dead wrong, at least in terms of when the peak would hit, having not anticipated the rapid shift in technology that led to exploding oil and natural gas production in new plays and areas long since dismissed as dried up.

These comments inspired me to revisit some of the predictions made in 2005 that received a lot of attention at the time, and take a look at what’s actually happened since then.

Here’s how Boone Pickens saw the world in a speech given May 3, 2005:

Jason Dortier:

Researchers at the University of California, San Francisco (UCSF) are recruiting a million participants to join a decade long heart health study. The enabling factor? Smartphones. It’s a great example of information technology bleeding into other fields and speeding their progress. If all goes to plan, the UCSF study (dubbed Health eHeart) will be the broadest such study ever completed.

In comparison, the much lauded Framingham Heart Study, initiated in 1948, recruited and studied 15,000 participants over three generations. The Framingham study outlined today’s familiar set of heart risks that doctors use to evaluate patients and prescribe lifestyle changes—high blood pressure, high blood cholesterol, smoking, obesity, diabetes, stress, and physical inactivity.

The discovery and subsequent mediation of these risk factors is largely credited with a 75% decline in mortality rates due to heart-related disease in the last half century. See Dr. Hans Diehl discuss how heart disease was shown to be more of a lifestyle illness than a genetic illness by World War II and the Framingham study below:

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If you thought personalized advertising based on your Facebook status updates, Gmail content or online browsing behavior was creepy, just you wait. The era of genetic-based advertising is coming, and it could be just as profitable.

“Today, it’s such a niche market, but there’s tremendous growth opportunities there,” said geneticist Michael Schatz of the Cold Spring Harbor Laboratory. “In the endgame, it’s certain [genetics is] going to become one of the factors that big retailers would consider, but I think that’s pretty far off.”

Maybe not so far off.

Minneapolis-based startup Miinome is already building a platform that will help consumers control what offers they get from retailers based on their genetic makeup, and to possibly cash in on the value of their DNA by selling the data back to marketers and researchers.

“We believe we can make your genetic information useful every day, not just when you’re sick,” said Miinome CEO Paul Saarinen. “We’re the first member-controlled, portable human genomics marketplace.” Through an open API, Miinome will combine genetic and environmental data mined from social networks like Twitter, Facebook and LinkedIn and run that through their proprietary algorithm to come up with a profile of you that’s richer than anything that exists on the internet today.

A beautiful morning at Laodicea on the Lycus.

Matt Taibbi:

Start with the most recent news: last week, Sanders announced plans to introduce an interesting new bill, one that’s a direct response to comments made recently by the likes of Eric Holder about the difficulty in prosecuting big banks. Holder said some institutions have grown so large that prosecuting its executives may have a “negative impact on the national economy, perhaps even the world economy.”

This was an extraordinary statement to come out of the mouth of the Attorney General – essentially announcing in advance a disinclination to prosecute a whole class of people. It’s Minority Report in reverse – pre-noncrime. What was even more bizarre was that this wasn’t an inadvertent comment or a slip of the tongue, it was absolutely consistent with comments made by other DOJ officials late last year after the slap-on-the-wrist HSBC (money-laundering) and UBS (rate-fixing) settlements. Worse, after Holder and other prosecutorial pushovers like Lanny Breuer made these comments, there was utter silence from the White House, making it crystal clear that this is a coordinated policy.

Adrian Kingsley-Hughes:

The era where the PC is dominant in IT is rapidly coming to a close as we move towards a future dominated by post-PC devices such as smartphones and tablets, and if your business is reliant on the PC to keep the dollars flowing in then you’d better start working on “Plan B.”

The message that the era of the PC is coming to a close comes from a company at the heart of the industry – Dell.

In a proxy statement submitted to the U.S. Securities and Exchange Commission relating to the company’s plans to go private, the company outlines, in very clear language, that the PC train has hit the buffers.

Outlines are the “various risks and uncertainties related to continued ownership of Common Stock,” and it makes scary reading for anyone operating within the industry, or who holds stock in the company. These are listed as:

“… decreasing revenues in the market for desktop and notebook PCs and the significant uncertainties as to whether, or when, this decrease will end…”
“…the overall difficulty of predicting the market for PCs, as evidenced by the significant revisions in industry forecasts among industry experts and analysts over the past year…”
“…the ongoing downward pricing pressure and trend towards commoditization in the desktop and notebook personal computer market…”

Justin Jin:

Inside the claustrophobic confines of a shipping container erected in the middle of an icy nowhere, a group of Russians wait out another Arctic storm. Anton bakes blinis. Andrei watches a horror movie for the umpteenth time. Alexei tries to craft a toothpaste holder from an empty tin can. Lisa the dog, who finds company among the 100 men in Camp No2, curls up farthest away from the drafty door.

The engineers gathered on this desolate patch of Russian tundra have been hired by a geo-exploration company to look for oil deep below the permafrost. I am waiting out the battering winds with them, to document the international race to secure Arctic resources.

I have made six trips over three years to the Russian Arctic, a 7,000-kilometre-long region stretching atop the planet from Finland to Alaska, upon which Moscow bureaucrats have bestowed the name “Zone of Absolute Discomfort”. The icy hinterland is wretched to live in, but just hospitable enough to allow for the extraction of billions of tonnes of resources trapped beneath the permafrost.

Here, three contrasting ways of life, representing three centuries of Russian history, simultaneously tap the Earth’s resources amid its harshest conditions: indigenous reindeer herders known as Nenets; descendants of former Soviet prisoners; and energy-company men seeking oil and natural gas.

John Green:

I’m asked every day why Hank and I haven’t tried to create a TV show.

We’ve been approached many times to do TV shows, but while we’re happy to listen and discuss ideas with people, we’ve so far turned down these opportunities, even the very tempting and lucrative ones. Here’s why:

1. When you work with a cable channel or production company, you don’t own the show you make or control the manner in which it is distributed.

2. It’s easy—and only getting easier—to watch shows like CrashCourse and SciShow on your TV.

3. We really believe that what is strong and beautiful about nerdfighteria is that we create it—every day—together. All of us. And if we were on TV, I worry we’d lose that sense of connection, which Hank and I have enjoyed so much the last five and a half years. Like, the Sherlock fandom and the Doctor Who fandom are great communities, but they are about Sherlock and Doctor Who. Nerdfighteria isn’t, and never has been, primarily about Hank or me. It’s about celebrating nerdiness and decreasing worldsuck. We really value that and don’t want it to change.

http://www.crowdfundthedebt.com/:

My fellow Americans,

Despite the best efforts of my administration, prolonged partisan debates in Congress are preventing us from a solution to our mounting national debt. Instead of bickering over taxes, we’re taking a new approach: asking everyday Americans to chip in so we can pay off our debt once and for all.

With your help, it’s time to act.

Ed Wallace:

We all know, down in our suspicious hearts, that there’s a miracle vehicle or propulsion system out there that, for some probably profit-related reason, has been kept a deep, dark secret. That’s why we’re so ready to believe in gas pills, cars that create their own hydrogen from water and run forever on nothing, and other such rabbits plucked from invisible hats. But until now, no respected automaker has promised something so esoteric.

As of now, however, just such an automaker is framing its latest promised vehicle as embodying “one of the great propulsion secrets of the automotive industry.” At least, that’s how one of Peugeot’s engineers relayed the story to Tim Lewis of the Guardian newspaper. He told the reporter about a breakthrough technology, so incredible that the car it powers would deliver more than 80 miles per gallon, would be cheaper than a Toyota Prius, and has new technology so sensitive that Peugeot’s engineers couldn’t even tell their wives and children about it. Yes, this is Peugeot’s Hybrid Air, launched at this year’s Geneva Auto Show with the latest promise to “change the automotive industry from this day forward.”

The only problem with all of this is the fact that Peugeot’s Hybrid Air system isn’t really so clever at all.