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.
This slideshow includes several versions of multi-materials machines, two different composites processes including one at microscale, and two vastly different metals processes. Potential game-changers down the line include three microscale processes.
UL is partnering with metals additive manufacturing (AM) supplier EOS to provide AM training to EOS's customers. It's designed to promote correct usage of AM technologies by OEMs and others in manufacturing.
To commemorate Earth Day, we take a look at the state of ocean plastic. If things don't change, by 2050 the oceans will contain more plastic than fish by weight. Here are the problems, as well as some solutions.
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.