• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Michael McDonald

Michael McDonald

Michael is an assistant professor of finance and a frequent consultant to companies regarding capital structure decisions and investments. He holds a PhD in finance…

More Info

Driverless Flying Taxis Are Coming To Dubai This Summer

Flying Car

The past decade has been riddled with rumors of flying vehicles and autonomous taxis. Indeed, it seems every year is the last before the culmination of dreams, first wrought in Back to the Future, finally become reality. 2017 is no different.

Flying driverless vehicles might take to the airways this summer. A test run conducted in February by the Roads and Transport Authority (RTA) has proven successful. Pioneered by Chinese company Ehang, the “Ehang 184” is expected to bring passengers to their destinations automatically, and is queued to begin doing so in the near future.

The battery operated, drone-like vehicle utilizes 8 propellers as its flight mechanism, and will be able to transport someone who weighs up to 220 pounds, including a small carry-on. The battery allows for a half-hour flight, which can travel approximately 31 miles. Once depleted, the battery requires 8 hours to recharge. The vehicle will be able to reach altitudes of 300 meters (about 1000 feet), and travel at speeds of up to 100 kilometers per hour (about 62 miles per hour). Like an Uber, the passenger simply selects his or her destination and the “car” begins the journey, utilizing 4G mobile internet.

Unlike previous attempts to create the flying-car market, the Ehang 184 does not require the passenger to be a learned pilot. The co-founders of Ehang boast that one of the vehicles main differentiators is that you do not need a license to “operate” it. In fact, there is basically no human operation at all. A fail-safe mechanism within the vehicle will find the nearest, safest place to land at even the slightest fault. Further, Ehang claims that a 24/7 flight control center monitors all flights, and can take control of the vehicle in case of an emergency. Related: Saudi Arabia Tries To Reassure Markets After Oil Price Plunge

The vehicle is expected to capture 25 percent of the individual-trip market in Dubai, changing them into self-driving journeys. In fact, the Prime Minister of the United Arab Emirates has echoed similar sentiments, proclaiming that he wants 25 percent of all passenger journeys to be autonomous by 2030. It could provide an intriguing alternative to carbon-based vehicles, with enough hype to attract market share. Authorities in Dubai have addressed the security aspects of the vehicle and have approved its design and production. Ehang hopes that these assurances will provide peace of mind to the passengers, which, in turn, enhances what public transportation means.

Dubai is quite familiar with inventive technology and autonomous transportation, as it has been home to the world’s longest driverless metro line since 2011. The city has even partnered with Hyperloop One to begin working on a hyperloop line linking the city to Abu Dhabi.

However, it does not seem like a vehicle of this caliber will be available any time soon in the United States. As it stands, the Federal Aviation Administration is requiring all drone fliers, even hobbyists, to register their vehicles on a government website. And this registration process only applies to drones weighing less than 55 pounds. Anything more is restricted from U.S. airways. The Ehang 184, by comparison, weighs 440 pounds and stands at 5 feet tall. While this may seem minute for a car, it is large for a drone.

By Michael McDonald of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News