The U.S. is the world’s largest oil producer
This week the Petroleum Industry Research Associates(PIRA) revealed that the United States had overtaken Saudi Arabia to become the largest oil producer in the world. What’s caused the surge in production? Oil extraction from shale formations. Shale production in states like Texas and North Dakota have increased total U.S. output by 1 million bpd in both 2012 and 2013.
To be clear, total liquids produced in the U.S. defined by PIRA include natural gas and biofeuls, in addition to crude oil. The U.S. still lags behind Saudia Arabia and Russia in just raw crude oil production.
Five facts you didn’t know about the U.S. economy
1. The number of public school students that are without a home is at an all-time high. 1.2 million students that attend public schools in America are homeless.
2. Median household income in the United States has fallen for five years in a row.
4. Approximately 57 percent of all children in the United States are currently living in homes that are considered to be either “low income” or impoverished.
5. The U.S. government has spent 3.7 trillion dollars on welfare programs over the past five years.
Source: Zero Hedge
SPLIT: Headphones of the future?
What are they? Wireless headphones with literally no strings attached. They clasp to each other magnetically and when split apart they power up and play music. You can skip music tracks by biting your jaw together once, change volume by biting your jaw twice, and lock the headphones by tapping the right earbud. The battery has the ability to play music up to four hours before losing a charge.
Why you should care? These compact earbuds have no wires to get in the way while you use them. The technology used to transmit sound is a short near-field signal which reduces the amount of radiation your head is exposed to by 1,000 times as compared to wireless Bluetooth technology currently used.
The downside? The earbuds can’t sync to your smartphone to play music. The songs you listen to are stored locally in the earbuds which limits capacity to only 24 songs. Perfect for a workout in the gym, but not much else.
To find out more check out their Kickstarter campaign here.
The iPhone 5c: A low-end smartphone at a high-end price
On September 10th, Apple announced two new models of their iPhone lineup. The iPhone 5c is an interesting product for Apple. It was rumored to be a low-end version of the phone with a rock bottom price, but it didn’t end up that way. Instead they’re offering the phone for $99 and $199 on contract, and a whopping $549 and $649 off contract. The kicker? Its shell is made out of plastic! Let that sink in… Apple is essentially charging a premium price for a phone that costs them much less to manufacture. It’s a bold strategy, cocky even, but at this point Apple believes they have the brand equity to justify the price point to consumers. How long that will last remains to be seen.
The best thing to come out of Canada…other than BlackBerry
I’m just going to leave this here.
Microsoft caves under pressure from consumers
Well that didn’t take long. After announcing last week that they would limit everything from game sharing to a mandatory online connection on their new Xbox One console, Microsoft has done a complete reversal. No longer will you be required to have a 24 hour online connection to play single player games, nor will you be limited in the way you can share and play the disc-based games you purchased.
This news comes after Xbox exec Don Mattrick told consumers if they wanted a console that didn’t need an internet connection they should buy an Xbox 360 instead of the next-generation Xbox One. It was quiet the sales pitch. It angered consumers even more when Sony announced the PS4 would have no DRM restrictions and not need an online connection to play games.
For Microsoft’s official statement on the matter, follow the link.
Fred Armisen demos ‘Google Glass’…and it’s hilarious.
From SNL this past weekend(5/4/13).