NASA's Flying Observatory: Not a Kid's Telescope

July 15 (Bloomberg) –- NASA'S flying observatory lets scientists reach the edge of the atmosphere to look at the stars. The heavily-modified Boeing 747 carries an ultra-powerful telescope that captures images neither satellites in space nor telescopes on the ground can achieve. The program was almost axed due to cuts in NASA's budget, but was salvaged by a $70 million House allocation. Bloomberg looks at NASA's SOFIA. (Corrects date of next flight.) (Source: Bloomberg)

Are Low Oil Prices Here to Stay?
42:30 - Vitol Group Chief Executive Officer Ian Taylor says crude oil will likely hover between $40 and $60 a barrel for 10 years. The lower boundary would imply little recovery for Brent crude, the global benchmark, whereas the upper limit would put prices back to the level of July 2015, when the oil industry was already taking measures to weather the crisis. The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period, when crude mostly traded between $10 and $20 a barrel.
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