• 7 hours Russia Approves Profit-Based Oil Tax For 2019
  • 11 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 13 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 15 hours Oil Production Cuts Taking A Toll On Russia’s Economy
  • 17 hours Aramco In Talks With Chinese Petrochemical Producers
  • 18 hours Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 20 hours Maduro Names Chavez’ Cousin As Citgo Boss
  • 1 day Bidding Action Heats Up In UK’s Continental Shelf
  • 1 day Keystone Pipeline Restart Still Unknown
  • 1 day UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 3 days Thanksgiving Gas Prices At 3-Year High
  • 3 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 6 days Shell Oil Trading Head Steps Down After 29 Years
  • 6 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 7 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 7 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 7 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 7 days Rosneft Announces Completion Of World’s Longest Well
Oil Survives Bearish Backlash

Oil Survives Bearish Backlash

Crude benchmarks posted steep losses…

The Energy Goliaths Driving Global Demand

The Energy Goliaths Driving Global Demand

China and India, the two…

Elevated And Levitated Transport Pods Get Trial Run

Elevated And Levitated Transport Pods Get Trial Run

A California company is getting ready to test a new form of elevated train at Israel Aerospace Industries (IAI) that could lead to a revolution in mass transit in – or rather over – the congested streets of Tel Aviv and perhaps eventually in India and the United States.

The pilot project by skyTran will be a simple loop between 400 and 500 yards, 20 feet off the ground, at IAI’s campus in central Israel. If successful, skyTran plans to build a commercial transit network in Tel Aviv, according to Jerry Sanders, the company’s CEO.

The skyTran system consists of two-person pods suspended from elevated magnetic levitation tracks. The IAI prototype will cruise at a maximum of just over 40 mph, but the commercial version is expected to reach speeds of nearly 150 mph.

Sanders told Reuters that he chose Tel Aviv for the first commercial use of the skyTran system because the city has no subway, plenty of commuters, and therefore its streets are hopelessly jammed. Add to that, he said, “Israelis love technology and we don't foresee a problem of people not wanting to use the system.”

The pilot system should be in operation by the end of 2015, Sanders said, about the time the company expects to complete preparations for the first stage of the commercial line in Tel Aviv. He says the commercial system is likely to be about 2-1/2 miles long with three stations, and cost an estimated $50 million.

Related Article: Airbus Thinks Big With Small Electric Plane

Here’s how it works. As with ride sharing, you’d use your smart phone to order a skyTran car to meet you at a specific transit station. You – and maybe one fellow passenger – would then move on to another station. As the skyTran infrastructure grows, the closer you’re likely to get to where you want to go. The cost of a ride hasn’t been determined.

Even though it hasn’t been built, the skyTran concept is winning praise from one expert on what’s known as smart-city technology. Joe Dignan says, “It will get the market in the mood for autonomous vehicles. It is not too scary, is cheaper than building out a train line and uses part of the urban landscape, 20 feet above ground, that isn't currently used.”

By Andy Tully of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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