We summarize recent results regarding the equilibrium and non-equilibrium behavior of cold dilute atomic gases in the limit in which the two body scattering length a goes to infinity. In this limit the system is described by a Galilean invariant (non-relativistic) conformal field theory. We discuss the low energy effective lagrangian appropriate to the limit a → ∞, and compute low energy coefficients using an ϵ-expansion. We also show how to combine the effective lagrangian with kinetic theory in order to compute the shear viscosity, and compare the kinetic theory predictions to experimental results extracted from the damping of collective modes in trapped Fermi gases.