12172017Sun
Last updateFri, 15 Dec 2017 3pm

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Process Instrumentation in Oil and Gas

Process Instrumentation in Oil and Gas

Process instrumentation is an integral p...

Check Valves in LNG Cryogenic Service

Check Valves in LNG Cryogenic Service

Because natural gas is currently conside...

Will Smart Machines Obsolete Human Resources?

Will Smart Machines Obsolete Human Resources?

Is artificial intelligence (AI) going to...

Is Valve Live Loading an Option?

Is Valve Live Loading an Option?

Valves leak. There’s no getting ar...

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Construction and Mining: Is 2018 The Year for Growth?

Construction and Mining: Is 2018 The Year for Growth?

Tuesday, 12 December 2017  |  Kate Kunkel

While there is a degree of optimism in the mining industry that hasn’t been seen for some years, much uncertainty still exists in this sector. A...

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Industry Headlines

United Valve Names Jim Nelson Engineering and Production Manager

2 DAYS AGO

United Valve LP has promoted Jim Nelson to production and engineering manager. Nelson will be responsible for overseeing all production and engineering activities at United Valve.

“Jim Nelson has demonstrated consummate professionalism and shown his strong leadership skills, earning the respect ...

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Setpoint I.S. Honored by Baton Rouge Business Report

3 DAYS AGO

Setpoint Integrated Solutions (Setpoint I.S.) was honored this fall at the Baton Rouge Business Report’s Top 100 Private Companies Luncheon. Celebrating its 35th Anniversary this year, the Baton Rouge Business Report hosts many events in the community.

At the most recent event , the Top 100 Private C...

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EIA Forecasts Record U.S. Oil Output in 2018

2 DAYS AGO

The U.S. Energy Information Administration (EIA) estimates that U.S. crude oil production averaged 9.7 million barrels per day (b/d) in November, up 360,000 b/d from the October level. Most of the increase was in the Gulf of Mexico, where production was 290,000 b/d higher than in October. Higher pro...

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Chemical Industry Growth Rate Surpasses 20-Year Average

4 DAYS AGO

The U.S. chemical industry is riding a global wave of growth as the world’s major economies experience an upswing for the first time in a decade. Increased output and accelerating growth rates that surpass the previous twenty-year average will help cement the business of American chemistry as ...

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U.S. Manufacturing Technology Orders Up 6.3%

4 DAYS AGO

Orders for manufacturing technology kept their momentum in October 2017, gaining 6.3% over September to a total value of $428.32 million, according to the latest U.S. Manufacturing Technology Orders Report from The Association for Manufacturing Technology (AMT). Year to date, orders are up 7.6% comp...

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NAM Survey: Manufacturers’ Optimism Reaches Record High

5 DAYS AGO

The National Association of Manufacturers (NAM) released the results of the Manufacturers’ Outlook Survey for the fourth quarter of 2017, showing manufacturers’ optimism has risen to unprecedented heights amid the legislative progress made on tax reform. With 94.6% of respondents saying ...

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Market Outlook 2012: The Winds of Change

vmfall11_market_outlook

Attendees at this year’s VMA Market Outlook walked into the meeting room with a bit of shell shock. The stock market fluctuated wildly in the days leading up to the Aug. 11-12 event in Boston following weeks of tough U.S. federal budget negotiations and the downgrading of the U.S. credit rating for the first time in history. Sara Johnson, senior research director of IHS Global Insight, called the events “headwinds” blowing against what had been expected. She said the year 2011 had been filled with such unusual occurrences, including the Japanese earthquake/tsunami earlier that year as well as other natural disasters and political upheavals.

But attendees were soon to learn that outlook speakers, while they admitted some figures might need to be adjusted for the remainder of 2011, felt their overall prediction was on track—the valve and actuator industry will see a brighter 2012.

“I hope as you leave here today, you leave uncertainty behind and realize things are not as bad as you may have thought. There is still force in our sails … it just might be time to adjust those sails to the prevailing winds,” Alan Beaulieu, president, Institute for Trend Research, emphasized.

 

Common Themes

It’s a different world: There wasn’t much talk this year about looking to the past to respond to the future. That’s because almost every presenter pointed out that the world and this nation are in a unique economic situation. Most said to expect the rocky stock market in the U.S. to remain volatile and that while the nation is in recovery mode, it’s going to be a long steady climb back to the prosperity we experienced just before the Great Recession.

Shining stars burning brightly: India was ­mentioned by more speakers this year than at any previous workshop. The country began a climb toward prosperity in the 1990s when ­economic reforms went into effect. It did not suffer the consequences of some other nations during the recent economic woes so it is one of today’s ­shining stars. Brazil continues to prosper and was mentioned by many speakers as a good place to do business. China is still a tough ­contender for business, but it has experienced high inflation rates and other challenges that may mean some business returning to U.S. soil.

Renewables are catching hold: This is the first workshop where one session was devoted to renewable energy sources, but it wasn’t just that speaker who explained why. From international reports on global warming to new technologies that make renewables more cost effective to unfavorable attitudes toward coal, speakers gave reasons why wind, solar, biofuels, biomass, hydropower and other new sources of energy are gaining ground.

Shale drilling “rocks”: Any of the speakers who addressed energy, petroleum or related products mentioned the changes in this country that are occurring because of shale drilling both here and in Canada. Gas prices remain low; drilling has increased; more drilling is occurring on-shore; new technologies are increasing outputs; new shale sources are being discovered. All of these shale drilling developments mean less reliance by North America on foreign sources of fuel.

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