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.
Some of the biggest self-assembled building blocks and structures made from engineered DNA have been developed by researchers at Harvard's Wyss Institute. The largest, a hexagonal prism, is one-tenth the size of an average bacterium.
Arevo Labs' end-production 3D printing technology for carbon composites includes a high-temperature, filament fusion printer head design and firmware for use with the company's new carbon fiber and nanotube reinforced high-temperature matrix polymers like PEEK.
Stratasys will buy Solid Concepts and Harvest Technologies and combine them with its RedEye service business. The plan takes aim at end-production manufacturing and will create one of the biggest commercial 3D printing and AM service bureaus.
The International Federation of Robotics reports that global sales of industrial robots decreased by 4% in 2012 over 2011. The biggest hit was electrical/electronics manufacturing, down by 13%; but by region, the Amerficas did well.
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