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As you get older (I’m 80) your brain slows down. This is a well-known fact. The defence against this is to keep it active and learn a new skill.  I tried a new language (Spanish), but it turns out that if you are really bad at languages in your youth you are God-awfully bad in later years. So, I turned to something I did have a talent for – coding. 

As we were stuck indoors anyway, courtesy of Covid, I thought I would update my knowledge of JavaScript, and something called Node. 

Continue Reading »

I went to see The Power of Yes yesterday.  It is a very good explanation of the financial crisis as explained by a playwright – David Hare.  I recommend it – the two hours flew by.  However there was one small item I worried about.  There was a comment about ‘Monte-Carlo methods’ being used by AIG which  got a cheap laugh which I thought unfair.  Monte Carlo methods are not about gambling – they are about minimising risk.

To explain (please bear with me I will get to the point):

The formula used to price a lot of the securities that caused the problem is the Black-Scholes formula – which one of the actors wrote up on a board.  But the statement was made that it ‘predicts’ the future.  Which is doesn’t; unless a statement like ‘if you flip a coin if will be heads 50% of the time’ can be said to be predicting the future.  The Black-Scholes formula just says that if you assume that security prices vary at random then the price in x days time will be within certain limits y and z, except in very exceptional circumstances.

There are two assumptions built into this which are questionable. Continue Reading »

Someone just asked me two important questions:

  1. How much traffic should I get on my website
  2. How many of them will buy something

Two good questions to ask when business planning.  A couple of resources that will help you with some numbers.

  1. Statbrain (http://www.statbrain.com/) will give you an idea of traffic levels at competitors sites.   The most commonly used resource is Alexa but I think statbrain gives better numbers.  There are some more here.
  2. The Fireclick index (http://index.fireclick.com/) will give you an idea of conversion rates by industry sector.  Another place to go is Coremetrics.

These are all guesstimates, so don’t expect consistency.

The twittersphere is currently awash with Google Wave offers of invites and requests for invites.  Lots of people want to try it.

Amongst them was this tweet:  “Can someone please inform me on the signifigance of the Google Wave? What exactly is it?”

So your next task if you decide to accept it, is to explain Google wave as a tweet, max 140 characters.   Once I have done that I plan to summarise War and Peace as a tweet – probably easier.

There is more data about the Chrome OS in a snappy little video and a presentation.  It very much looks as if the new OS from Google is a stripped-down Linux that boots up quickly into a web browser.  It turns your Netbook into a web browsing appliance.

For a lot of people who are only really interested in email, Twitter and Facebook, this is great.  I can definitely see where Google is coming from on this.  It is simple and pretty foolproof for people who don’t really need a PC.

But I don’t like it.

The downside of this simplicity is that it is so limiting.   It locks users into a limited set of applications and excludes the rich set of paid and free software out there.

I think this will be seen as a brilliant way for mobile networks to give away a web browser appliance to sell their broadband.

And I just don’t like it.

If you want an Apple tablet you will have to wait until next year.    A wag pointed out in the Inquirer that  “THE SECOND COMING of Apple’s Newton tablet, which has been hyped more than the return of Christ, is now looking equally delayed.”  The interesting news is that the reason for the delay is that they are changing the screen to OLED technology (Organic LED).

This doesn’t mean that the screen is some tree-hugging new age stuff, just that it uses certain organic chemicals in its construction.  The result is a screen that doesn’t need a back light, is much thinner and more flexible that existing screens and has better colours and contrast.   In other words the best thing since LCDs.

These screens are not cheap of course, new technology never is, so they won’t be giving away the new tablets with your box of cornflakes.

Sony is looking at this too and is proposing  a laptop without a keyboard.  Isn’t that the same as a tablet?

So in ten years time will I take my laptop out of my pocket, unfold it to a big screen and keyboard and work away?

Maybe.

The International Energy Agency (IEA) produces oil production forecasts which are used by governments around the world to plan their future energy needs.  The last forecast showed a growth from 84 million barrels per day (Mb/d) to 106 Mb/d in 2030 which is exactly the production required to meet the expected growth in GDP over this period.

So that is all right then.

The University of Uppsala in Sweden has taken a close look at these figures and finds that they are based on recovery rates which exceed, by a large margin, the recovery rates ever achieved with any previous oilfield development.  Plugging in more realistic recovery rates they show a slow decline in world production to 75 Mb/d in 2030.

It depends how fast you develop the fields of course and they have used different assumptions that move the peak oil date from now till 2013.  However whatever assumptions they make the 2030 figure always comes out around 70-75 Mb/d.

It looks as if the IEA has simply projected requirements for oil and assumed that they would magically be met as they always have in the past.  However Uppsala has news for them – the stuff can run out and is running out.

This is a massive difference and given that big capital energy projects have a very long lead time, this level of error can blow the government’s plans out of the water.  Like the efforts on climate change, we have a choice.

  1. Bite the bullet and do something – even if it is expensive
  2. Put our heads in the sand and hope it comes out all right.

With todays miserable excuse for a government, guess which one we will go for.

No prizes.

Peak oil is coming

I find it absolutely amazing the way the human race is sleep-walking into a couple of related disasters. Our children are going to ask ‘what were they thinking of’.

Firstly we all know about the half-hearted attempts by our government to address climate change.  The other highly related issue is peak oil.

We have known for years that oil production in any system follows a bell-shaped production curve (the Hubbert curve – check out ‘peak oil’ in Wikipedia). This means that inevitably the world’s production will reach a peak and then slowly decline.  If you think abut it for 10 minutes that is pretty obvious.  If oil demand continues to rise then the inevitable result is a rapid rise in the oil price, shortages, and a major economic crisis.

When will this happen?  Expert opinion varies from ‘it is happening now’ to ‘after 2030’.  The UK Energy Research Council says around 2020.

This is after the next election, so the politicians obviously don’t need to bother with this.  There are much more urgent problems.

Someone needs to teach them the difference between ‘urgent’ and ‘important’.  Not taking action now has consequences.

The solution to the climate change issue and the peak oil issue is the same.  Renewable energy and nuclear.  It would be nice to say no nuclear, but we have ignored this issue for so long that a nuclear period is probably inevitable.  If the crisis is coming in ten years we need to give this serious attention and do something serious now.

Ebooks

There is a lot of activity on the ebook front.  If you have not been following these developments, drop by your local Waterstones and try out a Sony ebook.  You load up your book(s) and read on a screen, surprising like reading words on paper.

These gadgets use different technology for the screen. These (Electronic paper) screens have two really useful properties.

  1. You read them using ambient light rather than being back-lit which is much easier on the eye.
  2. They only use power when the screen changes, ideal for reading.  Power consumption is minute.

You can carry a whole library around in a gadget about the size of a paperback.

I really like the reader gadgets, but haven’t bought one because Continue Reading »

My mobile phone is too limited for any real work, my laptop is too big and only has a few hours battery life.  I need a smaller computing device that doesn’t weigh much or take much space, but which will do proper computing  jobs plus of course web surfing.

I still think the favourite is the netbook.  A possibility is the upcoming Apple tablet.  However Microsoft have come up with a third alternative that is really cool.  This is a tablet-like device, but with two screens, that folds.   They call it the Courier.  I really think two screens can work really well.

But no keyboard?

More details and a little video here: http://gizmodo.com/5365299/courier-first-details-of-microsofts-secret-tablet