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.
The FDA has just released draft guidelines for using 3D printing in the design, development, and manufacture of regulated medical products. Although the recommendations are non-binding, they do set some much-needed parameters.
HP's industry-changing 3D printing announcement for commercial-scale end-production wasn't the only news of note at RAPID 2016 this week. Here are six more game-changing software and hardware news items, plus some videos explaining HP's technology.
HP has launched its long-heralded Multi Jet Fusion 3D printing technology for commercial-scale end-production, plus an ecosystem to go with it. The package could change the entire industrial market for making end-products with additive manufacturing. At the very least, it will be game-changing.
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