During the 1990’s an increase in oil prices of $10 reduced growth of real GDP by approximately one-half percent. Hence the concern after 2001 as oil rose from $20 to $40, then panic as oil rose from $40 to $80. At $120, oil prices are up 6x from the 1990’s average. Where is the global recession most economists expected if oil prices skyrocketed? (Matthew Simmons was one of the few experts who questioned this consensus, saying that rising oil prices were not necessarily poisonous to GDP.)

Source: Fabius Maximus.

Source: Wired Danger Room.

1. Nanotechnologies
2. Invasive potential and possible ecosystem impacts of artificial life and biomimetic robots
3. Unintended consequences of pathogens developed by modern biotechnology methods
4. Direct impact of novel pathogens
5. Impacts of control efforts for novel pathogens
6. Facilitation of non-native invasive species through climate change
7. Large-scale restoration for iconic wildlife and habitats
8. Action to facilitate species range change in the face of climate change
9. Frequency of extreme weather events
10. Geo-engineering the planet to mitigate the effects of climate change
11. Implications for biodiversity of the adoption of an ecosystem approach
12. Increased fire risk
13. Increasing demand for biofuel and biomass
14. Step change in demand for food and hence pressure on land for agriculture
15. Ocean acidification
16. Reduction of coldwater continental shelf marine habitats
17. Significant increase in coastal and offshore power generation
18. Extreme high-water coastal events
19. Sea level rise resulting in loss of coastal and intertidal habitats
20. Dramatic changes in freshwater flows
21. Nature conservation policy and practice may not keep pace with environmental change
22. Internet and new e-technologies connect people with information on the environment
23. Decline in engagement with nature
24. Adoption of monetary value as the key criterion in conservation decision-making
25. Public antagonism towards wildlife due to perceived human health threat

From “Scientists devise list of potential threats to UK” in the Telegraph.

Given the amount of debris a single ASAT weapon can create,
as this illustration of last year’s Chinese ASAT test shows,
imagine the debris created by the deliberate use of ASATs. (credit: CelesTrak)

As space technology spreads, the incentives for small and medium-sized states to seek space warfare capability increases. A dictator who does not want to end the way Saddam Hussein did may seek way to hurt US warfighting capability in such a way as to impose major costs and casualties on the US early on. The destruction of a major US satellite would be both a substantive and a symbolic victory over the US. Hitting a number of satellites would increase the effect.

Such an attack would result in a major increase in the amount of debris orbiting the Earth. This would be the equivalent of a “scorched earth” policy if enough deadly debris were created. One possibility that has not been publicly examined might be to build highly- or ultra-destructive ASAT weapons that would literally pulverize the target and leave nothing behind but bits of dust. Even small particles can do some damage, but paint flakes like those that sometimes hit space shuttles have not managed to destroy an orbiter.

Source: Space Review.

A £4.6 million project to create swarms of hundreds of autonomous, Transformer-style robots has been launched. Scientists aim to create a prototype team of self-organising, shape-changing mini robots that work as a team by 2013. The self-healing robots will be able to dock with each other, share energy and co-operate to maximise their abilities to achieve different tasks.

Source: Telegraph.

Now, mechanical computers are back. Teams of scientists across the U.S. are building new versions, though they’re a bit smaller. In fact, the moving parts in these “nanomechanical” computers may eventually be smaller than the smallest silicon transistors.

The research is being funded by the U.S. Defense Advanced Research Projects Agency, which hopes to develop computers that can survive in hot spots where conventional semiconductors would fry, such as inside weapons. Researchers say that the tiny mechanical computers will be far more energy-efficient than traditional semiconductors, will produce less heat and will withstand big voltage spikes that can burn out ordinary processors.

Source: Computer World.

For years, nanotechnology has held out the hope of molecular-scale contraptions that can manufacture custom-made drugs or revolutionize the way computer chips work.

Now researchers in Japan say they have taken a big step toward that nano goal by creating the first molecular machine that can do parallel processing.

Source: MSNBC.

David Baker and his colleagues at the University of Washington focused on a reaction that would break certain bonds between carbon atoms. The ability to design enzymes that can break and make carbon-carbon bonds could potentially enable scientists to break down environmental toxins, manufacture drugs, and create new fuels.

Source: Technology Review.