This is an excellent illustration by the CME Group that explains the many variables behind the price of crude oil and ultimately the price we pay for gasoline. Some of these factors are the increase in global demand as well as a fear of geopolitical conflicts that can create a great deal of uncertainty around the supply…
DetailsFe2O3 Never Sleeps Normally when someone hears about corrosion, they think it is a bad thing. This is true in the case when steel “rusts” or creates an iron oxide on its surface. This exposes the metal and subjects it to further corrosive attack. The oxide is created when the iron in the alloy reacts with oxygen…
DetailsTrade shows in general and the manufacturing industry specifically has been hit hard in the past few years. Are they still worth attending? Here’s what we know: 81% of trade show attendees have buying authority. Which means 4 out of 5 people walking the aisles are potential customers for exhibitors. 83% of exhibitors agreed that “Building,…
DetailsEmbracing Lean Manufacturing Fundamentals As technology and the Industrial Internet of Things march onward, perhaps it’s time for companies to go back to basics and make sure their processes are ready to scale. by Steve Garbrecht The question is this: Why, by a margin of nearly 3:1, are manufacturers implementing cross-functional groups to improve…
DetailsOil futures on Thursday were set to log their highest settlement in about two weeks, after U.S. government data revealed the largest drop in crude supplies since 1999. The 14.5 million-barrel decline reported by the Energy Information Administration was even larger than the surprise 12.1 million-barrel drop reported by the American Petroleum Institute late Wednesday.…
DetailsTalk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bear to a bull market in less than three weeks. OPEC is on course to agree…
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