Crude oil for August delivery fell 11 percent, to $128.88 a barrel last week on the New York Mercantile Exchange, the biggest one-week drop in four years. Futures had reached $147.27 a barrel on July 11, the highest since 1983. And the price of oil is going to keep dropping, says a prominent energy analyst. Edward L. Morse of Lehman predicts a plunge to $93 a barrel. Declining demand will contribute to a build-up in inventories. One of the biggest drops will come in China, which had been feeding the fire. Plus there is some new capacity coming on line. The swing in oil prices upward was more exaggerated than normal because of rising speculation on oil and other commodities by investors who no longer could find good bets in real estate, or in the stock market. Some $90 billion of new cash reportedly moved into commodity funds in the past 18 months. A drop in short-term oil price speculation will help move tags down.
How can automakers, aerospace contractors, and other OEMs get new metal alloys that are stronger, harder, and can survive ever higher temperatures? One way is to redesign their crystalline structures at the nanoscale and microscale.
Although a lot of the excitement about 3D printing and additive manufacturing surrounds its ability to make end-products and functional prototypes, some often ignored applications are the big improvements that can come by using it for tooling, jigs, and fixtures.
A fun and informative tour you can attend at the upcoming Design & Manufacturing Minneapolis, MD&M Minneapolis, and other events there, is the Materials Innovation Tour on Wednesday afternoon. I'll be leading it.
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies.
You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived.
So if you can't attend live, attend at your convenience.