Here's an interesting idea, especially given the optimism about natural gas production in the United States: use solar power to turn the natural gas feed into syngas with a higher energy density and lower emissions....More
KapStone Paper and Packaging Corp. (Northbrook, Ill): The company’s board of directors recently elected David Gabriel, president and CEO of Sonepar North America, as a director of the company. He was elected as a Class A director and has a term expiring in 2016. Gabriel has held his current position at Sonepar since Sept. 2009. From May 2003 through Aug. 2009, he served as president and CEO of Hagemeyer North America. Prior to 2003, he served as senior V.P./general manager of Tenneco Automotive's North American aftermarket business....More
With all the talk about the expanding oil & gas market in the United States, I found this clip on Bloomberg TV about GE's intentions to supply equipment help extract petroleum for the massive oil discovery 150 miles off Brazil's coast to be particularly interesting. Oil experts say there may be as much as 100 billion barrels of oil a mile below the ocean floor. It's said to be the biggest oil find in a generation and could supply all of Brazil's oil needs for a century....More
IHS Global Insight, Lexington, Mass., just released an early-bird glimpse of its May World Economic Forecast. The international economic consulting firm says, “The global economic outlook remains lackluster, with real GDP growth predicted at only 2.5% in 2013 and then gradually accelerating to 3.5% in 2014. The sustained weak growth is the result of deleveraging (including very tight fiscal policies) and political uncertainties in the United States and Europe....More
This Bloomberg report says Nexans is reporting that copper buyers are “trying to avoid taking metal from warehouses approved by the London Metal Exchange and going directly to producers instead” because of long waits for product.
A new report from the International Energy Agency (IEA) offers a fascinating if weighty glimpse of the revolution in the oil and gas industry, where hydraulic fracking and horizontal drilling are unlocking new reserves....More