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.
Ford and Unifi, maker of Repreve, will gather and recycle 2 million plastic bottles at CES and other shows for conversion into the Repreve seat fabric used in the 2012 Focus EV.
Thanks to embedded electronics, medical devices are getting smaller and smarter than ever. Pacemakers and implantable defibrillators are now able to call physicians. MRIs, CT scanners, and ultrasound machines are gaining mobility. And the venerable Band-Aid may soon be able to detect illnesses ranging from fevers to heart arrhythmias. On February 21, join Design News senior editor Charles Murray for a wide-ranging discussion, "Embedded Angles for Medical Products," which will explore the latest developments in medical electronics. The discussion will examine advances in medical device technology and offer an inside look at the embedded electronics behind it.
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