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Is Your Favorite a 2016 Top 10 Article?

Is Your Favorite a 2016 Top 10 Article?

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Portable Alloy Verification Devices

Portable Alloy Verification Devices

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Force and Direction Controls for Valve Actuators

Force and Direction Controls for Valve Actuators

Valve actuators deliver either linear or...

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Industry Headlines

Industry Headlines

David Paradis Named President of Weir Flow Control Division

2 DAYS AGO

The Weir Group PLC has appointed David Paradis to its group executive as president of the Weir Flow Control Division. He will take up this new role on January 23, 2017. Paradis succeeds John Heasley who was appointed Weir Group CFO in October 2016.

Paradis is currently president of Weir Oil & Gas&r...

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GE, Transocean Announce Performance-Based Service Agreement

4 DAYS AGO

GE Oil & Gas has secured a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean. Under the agreement , GE will provide condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 t...

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$4.17B Canadian Trans Mountain Pipeline Expansion Approved

3 DAYS AGO

Kinder Morgan’s Trans Mountain Expansion Project has received its environmental certificate from British Columbia, Canada. The proposed $4.17 billion Trans Mountain Expansion Project would increase the capacity of the pipeline to 890,000 barrels per day. The current capacity of the pipeline is 3...

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New Upstream Oil & Gas Industry Projects to Double in 2017

4 DAYS AGO

Wood Mackenzie forecasts the investment cycle will show the first signs of growth in 2017 since 2014 and final investment decisions (FIDs) will double , compared with 2016.

Malcolm Dickson, a principal analyst for Upstream Oil and Gas for Wood Mackenzie, said: "2017 will demonstrate how efficient the o...

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World Bank: U.S. Could Boost Global Economy in 2017

3 DAYS AGO

Global growth for 2017 is projected at 2.7%, 0.1% lower than the June 2016 forecast, and 0.4% higher than the estimate for 2016. Going forward, according to the World Bank, global growth is projected to pick up modestly, reaching 2.9% by 2018.

Downside risks to global growth include increasing policy u...

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Implementing Factory of the Future Will Reduce Conversion Costs 40%

4 DAYS AGO

Investments in the factory of the future will pay off, and industrial companies that begin implementation today will save up to 40% of their conversion costs in ten years. To succeed, however, manufacturers have to leverage the potential of modular production concepts and new technologies, as well a...

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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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