07282017Fri
Last updateThu, 27 Jul 2017 5pm

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How to Choose the Best Rapid Prototyping Method

How to Choose the Best Rapid Prototyping Method

As new products are designed, including ...

Monitoring Valve Health via the Internet

Monitoring Valve Health via the Internet

Most valve end users are already using s...

Valves in Oxygen Service

Valves in Oxygen Service

In his presentation at VMA’s 2017 ...

Thermal Spray Coating

Thermal Spray Coating

Q: What are the pros and cons of us...

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The Actuation Selection Process

The Actuation Selection Process

Tuesday, 25 July 2017  |  Carlos Gamero

A common misconception in our industry is that actuating a valve is as simple as putting the most cost-efficient actuator on top of your valve of choi...

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Industry Headlines

Wolseley Industrial Group Names Daniel Hogge District Manager

8 HOURS AGO

Daniel Hogge has been appointed district manager of Wolseley Industrial Group’s Mid-Atlantic region, which includes Georgia, South Carolina and North Carolina and most of Florida and Virginia. Effective Aug. 1, Hogge will be responsible for managing the financial results of Wolseley Industrial G...

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TAQA Awards Schlumberger EPCIC Contract for Otter Field

1 DAY AGO

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the Otter field in the UK North Sea. OneSubsea leverages Cameron flow control, process technologies and m...

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U.S. Crude Oil Production to Reach Record High in 2018

11 HOURS AGO

In EIA’s latest Short-Term Energy Outlook (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, EIA expects crude oil production to reach an average of 9.9 million b/d, which would surpass the previous rec...

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Shale Sector to Be Cash Flow Positive by 2020

1 DAY AGO

The tight oil sector has struggled to generate positive cash flow since 2010. Last year, only one company in the sector posted positive cash flow. But there is light at the end of the tunnel. Wood Mackenzie’s new report " When will tight oil make money? " calculates that the five largest tight oil...

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U.S. Consumer Confidence Rebounds in July

1 DAY AGO

The Conference Board Consumer Confidence Index, which had declined marginally in June (a downward revision), improved in July . The Index now stands at 121.1, up from 117.3 in June. The Present Situation Index increased from 143.9 to 147.8, while the Expectations Index rose from 99.6 last month to 103...

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IHS Market PMI Index Reached Four-Month High in July

2 DAYS AGO

July data revealed a further acceleration in business activity growth across the U.S. private sector. At 54.2, up from 53.9 in June, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index signaled the strongest rate of expansion since January.

The pickup in business activity growth ...

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Business School Professors: Will Winner of November Election Matter?

To hear the two candidates tell it, the U.S. presidential election offers a dramatic choice on the economy: Vote for me, each says, if you want a robust recovery; pick my opponent, and we'll plunge back into recession.

But regardless of who wins, important economic factors will remain facts of life. Millions of American homeowners are "underwater," owing more than their homes are worth and weakening the consumer demand that is key to the economy. Employers, even if they are flush with money, won't hire more workers until they need them -- when demand rises or appears ready to.

The debt crisis in Europe resists a quick solution, and deficits and overhanging debt in the U.S. are too big to be whittled down very fast. These deficits will compete for federal revenue that could stimulate the economy through more spending or cuts in taxes.

Given the size of these problems, what is the most likely economic landscape to emerge after the election if President Barack Obama, a Democrat, wins, or if Republican challenger Mitt Romney wins?

Three faculty members at Wharton, the business school of The University of Pennsylvania, say that, either way, the future is likely to look much like the present, for several years at least. "The notion in the political debate is that if you just do something a little bit differently, things will get much better. But it doesn't work like that," says finance professor Franklin Allen.

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