Category: News

  • Australia: Copper Production To Slow Next Year, Global Shortage Coming

    copper

    For those interested in commodities, China, and Australia’s contribution to China’s voracious commodity demand, the  Australian Bureau of Agriculture And Resource Economics has some good holiday reading for you.

    MineWeb: In its latest quarterly outlook, the Australian Bureau of Agricultural and Resource Economics cut its forecast for refined copper exports by 15.8% for the year to June 30, 2010, and its estimate for refined copper output by 13 percent to 408,000 tonnes.

    “If realised, this will be the lowest refined copper production recorded in Australia since 1998-99,” it said. Australia’s Macquarie Bank predicts a global copper supply deficit is looming this year that will take two years to correct, increasing its 2010/11 copper price forecasts by 2-3% on Tuesday to $3.25-3.40/lb ($7,166-$7,500 a tonne).

    The bureau also revised up iron ore exports by 2% and coking coal exports by 16.2%, citing strong demand for raw materials by Asian steelmakers.

    Chinese imports of coking and thermal coal and iron ore should remain strong into 2010, underpinning higher production from Australia mines as demand shows signs of picking up in other Australian export markets, according to the bureau.



    ac09_Dec_a

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  • New Google Toolbar for Firefox and Internet Explorer

    Google is speeding up the pace ahead of the holidays and various teams at the company are working to get what they’ve been working on out the door. The Google Toolbar is the latest to get an update and comes with a couple of big new features for Internet Explorer and Firefox. The biggest announcement is the new Share feature which does what its name suggests, it allows users to share web pages on a number of social networks, blogs or by email. The second feature is the My Location geolocation tool which made its way out of Labs and into the main product for the IE version.

    “We’ve been busy working on even more ways to make web browsing easier and more fun. First off is our new Share feature in Toolbar for Internet Explorer and Firefox. This makes it easy for you to share any page on the web with your friends over various social networks, blogs or email,” Mina Radhakrishnan, Toolbar product manager writes. “With this new release, we’ve also “graduated” the My Location feature from Toolbar Labs. It’s now available in Toolbar for Internet Explorer (Firefox already has a similar feature built in to the browser).”

    First up, the Share feature. This kind of functionality is hardly anything new at this point, most sites, blogs and services have some sort of Facebook, Twitter, Digg etc… (read more)

  • Spray treatment – Immersion treatment

    Spray treatment: This process is based on the synergy among chemical – physics action of the solution of process and the strong impact of the liquid in pressure on the pieces to be treated.
    The nozzles convey the liquid of process in order to reach uniformly the whole surface to be treated. In order to maintain, in the time, the efficiency of the plant of spraying and avoid the blockage of piping and nozzles, is necessary to install a good system of filtering.
    The treatment can be “to warm” or “to cold”, the choice mainly depends on two factors: thermo – physical characteristic of materials, and the characteristics of the process to be effected. The high temperatures reached in the process “to warm” on the one hand accelerate the phase of drying, on the other hand could lengthen times of attended before passing to any following treatment. In case of process “to cold”, the times of drying are more dilated because of the low temperatures.

    Immersion treatment: This process is based on a direct contact among the elements to treat and the solutions of process, are them water based, solvent based or mixed system.
    The treatment can be “to warm” or “to cold”, the choice mainly depends on two factors: thermo – physical characteristic of materials, and the characteristics of the process to be effected. The high temperatures reached in the process “to warm” on the one hand accelerate the phase of drying, on the other hand could lengthen times of attended before passing to any following treatment. In case of process “to cold”, the times of drying are more dilated because of the low temperatures.
    Immersion process can be effected in plants endowed with one or more vats, the choice depends on the specific necessities of the treatment to effect.
    Immersion process is often sustained and accompanied by a mechanical action (rotation, agitation, flushing, ultrasounds, hydrokinetic, etc.).

  • ESTREMA. Incoming Innovation

    The model ESTREMA is a high speed milling machine characterized for his configuration with open portal to L, patented.

    Projected with the appeal to the modern methodologies of optimization through the calculation to finish elements, FEM, introduces a good rigidity and an elevated lightness in his parts in movement.
    These are characteristic, that particularly bright dynamic performances allow to the top of the range.

    Longitudinal travel (X axis) 1.600 ÷ 3.600 mm
    Cross travel (Y axis) 1.100 mm
    Vertical travel (Z axis) 700 mm
    Feeds 0 ÷ 120.000 mm/1`
    Spindle motor 20 – 30 kw

  • NEW! FC LINE – TECHNOLOGICAL WORLD-WIDE PATENT •FC75 Base

    FC and RP are the latest MINIPACK-TORRE’s innovative patented manual packaging systems. The quality and excellence of these products are guaranteed by the manufacturer’s extensive experience in this sector.

    The new technological innovations on these equipment facilitate the production speed and increase safety and comfort for the operator. FC and RP represent the future of the chamber machines.

    The FC LINE has a fresh design and solid structure, an electronic of new generation, and several other technical improvements which improve even more the performances of these machines.
    Every idea by Minipack-torre is always unique!

    NEW LOOK
    steel body: solidity and accessibility.

    NEW ERGONOMIC FEATURES
    frontal control interface: intuitive programming, larger packaging area.

    NEW TECHNICAL FEATURES
    sealing bar liquid cooling system: excellent and more durable sealing
    immediate stop of shrinking fan at the end of the cycle: less heat dispersion, more energy saving, more benefit for the user
    innovative fixing of the plexi-glass hood: easier maintenance and higher stability
    safety control on sealing blades: safer machine
    basic versions can be used as table-top: flexibility and versatility
    roll support with bigger diameter (250 mm): useful with the micro-perforated film used for bread packaging
    packaging plate separated from the roll support: suitable for the packaging of very small products with the same film roll
    larger in-feed plate: similar size as the shrink area
    innovative micro-perforator: continuous and accurate perforation
    new membrane switch electronic board: water-resistant, indipendent from the card and easy-to-use
    3-digit display: clear and complete information
    10-programs card: programming versatility
    couterpiece included: more complete equipment
    more powerful fan motor: easier maintenance
    safer and higher screened plate: more protection of the heating elements
    more powerful fan motor: higher shrinking performance
    new die-cast aluminium heating elements with innovative geometry: higher heat exchange, higher efficiency, higher shrinking speed, less comsumption
    extra safety thermostat on the heating elements: safer machine
    new rubber support: easy to change

  • Wiesbauer GmbH & Co. KG Expands With Two SENNEBOGEN Crawler Cranes

    Wiesbauer makes light work of heavy work! This Wiesbauer motto can also be applied to the SENNEBOGEN 5500 Star-Lifter. The 180 t crawler crane was recently added to the extensive Wiesbauer fleet along with a SENNEBOGEN 3300 Star-Lifter. This well-established company was founded in 1958 and has developed successfully over the years through healthy growth and expansion. Today, Wiesbauer is a leading name in Germany in the field of cranes, transport and assembly and is now under the management of Thomas and Jochen Wiesbauer, the 3rd generation of the Wiesbauer family to run the business.

    “We are extremely satisfied with the two new SENNEBOGEN crawler cranes. The robust, durable design and straightforward technology are of particular importance for us in the rental field”, states Marco Wilhelm, authorized representative at Wiesbauer. The ease of transportation between construction sites and the self-assembly system of the SENNEBOGEN Star-Lifter crawler crane make it an extremely cost-effective solution that can be deployed almost instantly.

    One of the first tasks for the SENNEBOGEN 5500 Star-Lifter was the construction of the new logistics centre for Fressnapf Tiernahrungs GmbH in Feuchtwangen. With a total investment sum of 16 million euro, the distribution centre is one of the largest investments made by Fressnapf GmbH to date. From as early as November, over 100 HGVs will be delivering products to Fressnapf outlets in southern Germany from this centre each day. The Max Bögl Group with headquarters in Neumarkt is the general contractor responsible for this major project. The SENNEBOGEN 5500 was rented by Wiesbauer complete with driver specifically for the heavy lifting work. With a boom configuration of 29.9 m on the main boom and the same length on the luffing jib, the machine was used to position solid walls, main girders, frost barriers, supports and other heavy components safely and precisely, including parts weighing way over 30 t. With its ability to move and turn safely under full load, the SENNEBOGEN 5500 offers maximum flexibility on construction sites. The extremely high loads are also impressive, particularly on the luffing jib, as is the flexibility of the boom system and the straightforward technology, enabling the machine to offer maximum availability and reliability.

  • DC Axial Fan – 92x92x38 – GA

    SANYO DENKI EUROPE SA. is pleased to introduce its «San Ace 92» GA type DC serie measuring 92 mm square by 38 mm thick. This low power consumtion fan has been designed to meet the requirements for higher cooling performances, lower power consumption and lower noise in ultra high density equipments of the IT and Telecommunication industry.

    Main Specifications

    • Reference : 9GA0912P1H03 (031 – ribless type)
    • Size : 92 mm square size by 38 mm thick
    • High static pressure (500 Pa) and large air flow (4 m3/min – 141 CFM)
    • Speed code : H code (9700 rpm rated)
    • Rated Voltage : 12 VDC
    • PWM speed control function (25 kHz) for external fan rotation speed control
    • Pulse Sensor (sensor less and lock sensor options available)
    • Expected life : 40000 hours (at 60°C with survival rate of 90%)

    Product advantages

    1) Energy saving :
    Compared with our current model, the power consumption has been reduced by -30 % at the same air flow conditions, thanks to new impeller and frame and an improved motor efficiency with new circuit design.

    2) PWM Control:
    By controlling the speed depending on cooling needs, electricity consumption and sound pressure can be managed.

    3) High reliability:
    The life expectancy is 40000 hours at 60°C with survival rate of 90%.

    Target Applications and Industries
    IT and Telecommunication devices such as servers, storage, power supplies, and other applications.

    For further information on Sanyo Denki «San Ace 92GA» DC fan, please contact us at +33 1 48 63 26 61 or email us at [email protected].

  • 3M NOMAD BASIC ENTRY MATTING – THE COST-EFFECTIVE ALTERNATIVE TO RENTING

    As the trend for outsourcing has grown, rental has become seen as the cheap and easy alternative to purchasing in many areas of service provision. With entry matting, renting can be a false economy as the wrong product choice can impact not only on the appearance of a building’s entrance, but also factors such as cleanliness and safety. The wrong choice of entry matting can increase the risks of slips and trips and can lead to more water and dirt being tracked onto surrounding flooring.

    Richard Jones of 3M says: “Rental can appear to be the easiest way of procuring entrance matting, but it does have a considerable downside, not least lack of control. Buying branded matting from an established manufacturer means that you can take all of the relevant considerations into account and it offers the vital reassurance of ensuring brand-new, fit-for-purpose and durable matting.”

    Available from a wide range of suppliers, 3M Nomad Basic Entry Mats are lightweight and conveniently packed. Supplied in a neutral grey shade, the mats are available in three standard sizes and seamless edging allows mats to be placed edge to edge to extend the protected floor area.

  • Product range for PCI express expanded

    Three new interference-free measurement boards expand the range of products in the PCI Express series: the APCIe-2200 relay board, the APCIe-3021 analog input board and the APCIe-3521 analog output board. They have been specially developed for use in harsh industrial environments and are therefore equipped with numerous protective circuits. The functionalities of the PCI Express multifunction counter board APCIe-1711 have also been expanded. It is now possible to acquire 28 digital 24 V inputs or 16 RS422/TTL inputs and 12 digital 24 V inputs with up to 1 MHz in parallel and to transfer the signals directly to the PC RAM via DMA. With the expanded BiSS functionality (A/B and C mode), the APCIe-1711 can exchange data with up to 6 sensors / actuators.
    The APCIe-2200 relay board is fitted with 8 or 16 electromagnetic relays with change-over contacts. This enables every relay to be wired as a make, break or change-over contact. The contacts are equipped for switching voltages up to 60 VDC/48 VAC. The maximum switching current is 2 A with a maximum switching capacity of 30 W. Up to 16 digital opto-isolated inputs are available. Transorb diodes and EMI filters protect the inputs, which are optically isolated up to 1000 V, from high-frequency interference radiation.
    The analog APCIe-3021 input board is available with 16, 8, or 4 single-ended or with 8 or 4 differential inputs. The signals are acquired with a resolution of 16 bits. The following input ranges can be set via software for each channel: 0-10 V, ±10 V, 0-5 V, ±5 V, 0-2 V, ±2 V, 0-1 V, ±1 V, 0-20 mA (optional). Gains are possible for small voltages. There are different acquisition modes and trigger settings to control data acquisition. The APCIe-3021 has a PCI Express DMA controller for direct data exchange with the PC memory. The board is designed with 500 V optical isolation, has input filters and is protected against overvoltages. Depending on the version, the analog output board APCIe-3521 has 8 or 4 analog outputs to drive actuators with a resolution of 16 bits. The outputs can deliver either a voltage or a current. The outputs are optically isolated up to 500 V, equipped with EMI filters and protected against short-circuits. The APCIe-3021 and APCIe-3521 are equipped with 4 opto-isolated digital inputs and outputs. One digital input is interruptible.

  • Completely wireless switching devices for ATEX zones 1, 2, 21 and 22

    R. STAHL’s new 8074 F series position switches and 8040 F series command devices are truly, completely wireless solutions for radio signal communication. Requiring neither signal lines nor external energy supply connections, the units can be freely installed in zone 1, 2, 21, or 22 hazardous areas. Users therefore need not worry about any wiring when e.g. retrofitting the command devices into difficult-to-access machines or plants. Since there is no need to route cables around or over joints or bearings, the switches are particularly suitable for reporting positions from movable machine parts. The switching signals are transmitted on the license-free SDR band at 868 MHz. Up to 300 m maximum radio range outdoors and a 30 m range within buildings ensure that receiving units can usually be placed within safe areas.

    Otherwise, R. STAHL can equip these with flameproof enclosures. The Ex switching devices generate the energy required for sending data telegrams by means of an integrated induction generator: when the switching element is actuated, the kinetic energy of the switching process is electrodynamically harvested, and immediately used to feed the radio module. In contrast to battery-supplied wireless switches, these self-supporting units do not need any regular servicing to remain fully functional.

    With a maximum transmitting power of 10 mW and maximum energy quantities of 50 µJ, radio communication according to the EnOcean standard does not amount to a potential ignition source in hazardous areas. Both switching units are suitable for operation in a wide temperature range from -20 to +60 °C. The IP65-protected 8040 F command devices are fitted in a ruggedized metal housing designed to withstand even extremely harsh environmental conditions.

  • Programmable incremental encoders for less product variety,…

    …reduced inventory costs and improved flexibility

    Implemented in complex facilities, encoders have to meet many requirements in all their facets. All of a sudden you end up with a multitude of different configurations entailing high costs as well as inventory and administration effort. Programmable encoders help to keep the product variety down to a minimum and to improve flexibility. Not just one but four new
    programmable encoder series launched by Baumer provide the optimum solution for the widest range of applications. The portfolio comprises encoders that utilize optical and magnetic sensing principles and are available in various mechanical designs and sizes. All devices enable configuration of impulse number and rotational direction, some even provide optional programming of zero pulse sensing. Three out of the four series enable programming by PC or notebook. The ITD 2P encoder does not require any separate programming cable but can be configured via the supply line. The programmable parameters like impulse number, output circuit HTL/TTL, zero impulse position and width can be easily configured by the operator and are retransmitted to ITD 2P. The new, modular cable concept and the wide range of voltage
    supply enable even more simplified inventory.

    BHK/BVK 1D allows quick, easy and reliable programming by DIP switch. Series BHF/BHG HighRes convinces by the very high resolution of max. 320.000 impulses at an angular accuracy of 40“. The encoder family EcoMag BRIH/BRID/BRIV utilizing a robust magnetic sensing principle makes the selection complete. By virtue of their programming options, the new encoders by Baumer are the universal solution for detecting angles, positions, speed or acceleration in industry automation.

  • ULT 200 modular system

    In addition to the new module system 300 offers the ULT AG with ULT 200 series now also modular devices with lower performance categories.

    ULT 200 suction and filter units are especially suitable for applications in laser machining processes and in the electronics industry (for soldering smoke). But even for gases, vapors, dry chips, dust particles and welding fumes, they offer perfect solutions.

    Thus, even in applications such as in single workstations all the advantages of modularity available:

    composition of the equipment from individual components tailored to the needs of the customer
    this is no redundancy
    short delivery yet
    combination of different filtering principles possible
    long filter life
    to select several possibilities of suction
    easily to be expanded with the changing needs

  • SENNEBOGEN 818 – The New Standard Recycling Machine

    The new SENNEBOGEN 818 is a sorting and loading machine which is specially tailored to the recycling sector. With decades of experience and competence in material handling, the SENNEBOGEN 818, which has an operating weight of 19.5 t, is setting new standards in its class.

    Maximum operating flexibility is achieved by means of the extremely compact and robust design. With a rear end radius of only 2.3 m and a total width of 2.5 m, the 818 is an enormously versatile machine that is easy and light to manoeuvre and transport and impresses with its high performance potential, even in very small spaces. With a boom length of 9.2 m and extremely easy-to-move equipment in combination with powerful and precise movements, the 818 orange peel grab or sorting grab with reverse mechanism offers a wide field of application for effective sorting and loading work.

    Design solutions that make sense reinforce the consistent focus on practical requirements. For instance, two modules can be screwed onto the middle bridge each with two outriggers or two outriggers and a dozerblade. In this way, the 818 can be customised flexibly and quickly to specific requirements. The large size of the outriggers guarantees maximum stability.
    Another special feature of the new SENNEBOGEN 818 are the hydraulic cylinders.
    The boom and stick are both controlled by a single hydraulic cylinder. This technology provides convincing advantages:
    • Particularly good mechanical protection through positioning underneath the boom/jib
    • Fewer parts (cylinder, valve, hoses, threaded unions) means less maintenance and fewer spare parts required
    • Always the best load transmission in the equipment
    Additionally, the boom cylinder is reverse-assembled, so that no dirt can be deposited at the front side of the cylinder. The fully pulled down boom side panels protect the cylinder and provide the boom with maximum stability. This cylinder arrangement also results in an ideal hose routing with technology integrated in the steel design in the best possible manner.

    Another innovation is the encapsulated ventilation space in the upper carriage which directs nearly all of the air to the outside and not through the engine compartment with its powerful 97 kW diesel engine. The inclined position of the extremely large cooler means that air discharge to the side is improved and, thanks to the dirt-resistant large cooling mesh size, the high cooling performance remains constant.

  • Forget the package: At stores, size does matter

    When you open a bag of potato chips, a box of pasta or many other supermarket products, you probably notice that many companies are selling you a lot of air.  Bags of chips, for example, can be half empty.  Earlier this month, Consumer Reports caused a stir by calling out firms for selling products with "air to spare." Most responded by claiming that what's called "slack-fill" in the industry is necessary to ship, store and preserve products.

    Are you buying that? Edgar Dworsky, a longtime consumer advocate and former Massachusetts state assistant attorney general, sure isn’t.

    While it's clear some extra space is needed to cushion potato chips or to allow proper seals, Dworsky said it's impossible to separate the slack-fill issue from another topic that's near and dear to his heart — hidden product downsizing. 

    On his Web site, Mouseprint.org, Dworsky has chronicled dozens of products that have mysteriously lost volume. In recent months, he showed containers of Haagen Dazs ice cream that shrank from the 16 ounces of a pint to 14 ounces; Bounty paper towels that dropped from 138 sheets per roll to 128 sheets; Purina dog food that slipped from 20 pounds to 18 pounds; and Kleenex tissues that shrank from 8.4 inches to 8.2 inches. 

    In each case, the product container appeared, to the naked eye, to be the same size.

    It's no wonder consumers are skeptical of claims that air-filled chip bags are really for their own good, he said.

    "The problems are cousins," Dworsky said. "It's really the same problem, isn't it? Making something look like more than it is?"

    While he says slack-fill has been an issue for at least two decades, he recently renewed efforts to study it – including one recent column that he illustrated with a picture of a fat-free grated cheese bottle under intense backlighting to reveal empty space.

    “It’s like you need X-ray vision to see these things,” he said.

    Dworsky, who's best known for his continuing fight to keep price tags on supermarket products in Massachusetts, carefully tracks supermarket product sizes. He's seen companies use the same technique over and over – slowly shrinking their products,  then reintroducing the larger size with a fancy new name like "family size."

    Dworsky said he has in his collection a Lays potato chip "family size" bag dated December 2008 that weighed 16 ounces, and another from earlier this year, still emblazoned with the "family size" tag, that tipped the scale at 14 ounces.

    In each case, the products were properly labeled by weight, which is the most important criteria consumers should notice.  But his problem with product downsizing is that it's nearly impossible for consumers to grasp how much they are being shortchanged.

    "You have to have a memory of what the product weighed before, the last time you bought it. And that's almost impossible," he said. "People tend to have very poor visual memories … and the problem with downsized items is they kind of look the same."

    The incredible shrinking package
    Todd Marks, who ran the "air to spare" research for Consumer Reports, has his own name for this phenomenon. He calls it "the incredible shrinking package."

    "Chocolate bars that were 8 ounces became 6, then 5. And as the bar shrinks, the firms use hyperbole like 'giant size' on the product to distract consumers," he said.

    HerbboxTime after time, companies explain that shrinking the size of products helps them contain costs, and they often claim consumers would rather get 29 ounces of mayonnaise in a "quart-sized" jar than suffer a price increase.  Marks, however, said shoppers told Consumer Reports in a recent survey that just the opposite — they'd rather products stay the same size.

    And that brings us back to slack-fill and air to spare.

    There are plenty of legitimate reasons why cereal boxes and vitamin bottles aren't jammed-packed with product. Here are a few:

    *Companies use the same size containers to sell different-sized products and thereby save money on packaging costs

    *Some companies always leave room for free offers, like "25 percent more."

    *Some package sizes fit better on store shelves than others

    *Added space helps air circulate, preserving freshness. Or, with coffee beans, it helps oxygen escape and allows C02 to act as preservative.

    However, it only takes a week in a marketing class to learn that perceptions and emotions play a large part in consumer choices.  If two products on a shelf next to each other are the same price, shoppers will almost always buy the one in the larger box, assuming it's the better value.

    Meanwhile, despite all of these shrinking packages and hot air, federal regulators appear to be asleep at the wheel. The law designed to protect consumers from misleading packaging, the Fair Packaging and Labeling Act, is essentially unenforced. There hasn't been a case brought in five years.

    So it is no surprise that consumers feel they are being cheated by air-filled products. Where once product sizes were simple and obvious — a quart, a pint, a half-pound — now, 5.2 ounce boxes have become the norm.  Given this track record, the burden should fall on companies to prove that they aren't being deceptive.

    "We live in a society where everybody is very cynical and for good reason," Marks said. "We see package sizes shrinking before our eyes in very misleading fashion. … It's trickery, a shell game.  They are obfuscating, resorting to techniques that are less than candid."

    What's the solution?  Dworsky has one, though he's pretty sure no company wants to hear it.

    "Put, 'Look, new smaller size,' right there on the front of the package in one of those starbursts. How about not hiding what you're doing?" he said. "But it will never happen."

    RED TAPE WRESTLING TIPS
    Only one: Ignore the package and zoom right in on the product net weight or volume.  Compare unit prices (price per pound, per quart, etc.) provided on store shelves. That’s the only way to compare apples to apples, cereal to cereal and one bag of potato chips with another.

    Become a Red Tape Chronicles Facebook fan or follow me at http://twitter.com/RedTapeChron

  • AutoblogGreen for 12.15.09

    It’s worse than we thought: GM commissions Chevy Volt dance to go with song
    O.M.G.
    Toyota officially launches plug-in Prius program, retail sales in 2011
    600 units coming in the next six months.

    Honda decides eco-features, not hot people at the beach, should define Insight ads
    Don’t call it a relaunch.
    Other news:

    AutoblogGreen for 12.15.09 originally appeared on Autoblog on Tue, 15 Dec 2009 05:55:00 EST. Please see our terms for use of feeds.

    Read | Permalink | Email this | Comments

  • With XTO Acquired By Exxon, Here Are The Next Players To Get Snapped Up

    gas2The Houson Chronicle’s Tom Fowler rounds some thoughts from the analysts and commentariat in regards to yesterday’s huge acquisition of XTO (XTO) by Exxon (XOM):

    What does it mean for other E&P companies? Simmons & Co. asks:

    “This transaction will likely set a bid under the E&P group today as the best capitalized and historically most conservative company moves decisively further into unconventional NAM natural gas. The transaction can’t help but imply a vote of confidence in both the potential resource size in shale gas and in the majors outlook for North American natural gas prices (XOM holding more exposure to swing Qatari LNG of any major). Companies that will likely garner immediate attention as take out candidates are CHK, EOG, SWN, RRC, APC, DVN, etc.”

    What does it mean for services firms (drillers etc.)? they also ask:

    Negative, particularly if today’s transaction becomes a trend. Unlike JV’s, where the majors bring capital to continue development, an outright company-level acquisition of this magnitude is typically followed by slowed development in the midst of portfolio high grading; a negative for NAM drilling and service companies.”

    Simmons also observes that XTO has hedged 53 percent of its 2010 production at $9.62/mcf. Exxon generally doesn’t use such hedges, so it will be interesting to see if they stick or are liquidated.

    CreditSights notes the deal “removes one of the five largest independent North American E&Ps, leaving only four independents remaining who have the scale that would likely be attractive to the Integrateds/Super Majors – Anadarko (APC), Devon (DVN), EnCana (ECA), and Chesapeake (CHK).”

    Tudor Pickering & Holt says the deal will “probably” kick off a major consolidation trend because “majors tend to be lemmings around trends like jvs/consolidation“. Their list of likely targets includes EOG, SWN, HK, ECA, DVN, CHK, APC.

    Join the conversation about this story »

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  • Twitter Starts Rolling Out Business Features with 'Contributors'

    True to its previous statements, Twitter is starting to roll out the professional features it’s been touting for a while now. At the moment, it’s just a small feature which enables businesses to have multiple contributors to the Twitter account. These will be able to do all the things the administrator of the account can, most importantly, they will be able to tweet from the account, but their own name will be added to the byline. What’s more, this is just an appetizer and Twitter is saying more business-related features are coming soon.

    “As Twitter becomes more integral to businesses, they will need more business specific features from Twitter – both on the web and API. We have been working on some of these features and are ready to start a limited beta test of one that’s further along in development,” Twitter explained. “The feature we are beta testing is called ‘Contributors’ – it enables users to engage in more authentic conversations with businesses by allowing those organizations to manage multiple contributors to their account.”

    Contributors is in beta for now and is the first feature geared towards businesses and professional accounts to be launched. If simple enough to use, Twitter account admins will be able to invite other Twitter users to… (read more)

  • No-Knead Revolution Continues! My Bread by Jim Lahey Book Review 2009

    2009-12-16-MyBreadReview.jpgWhen Jim Lahey’s recipe for no-knead bread first hit the New York Times, it sparked a massive bread-baking phenomenon. It was incredible to see so many people excited about bread and baking at home! Lahey has finally come out with an entire book to follow his original recipe. Think you’ve seen it all? Think again!

    Read Full Post


  • Eco Boats: Leviathan self-sufficient electric yacht runs on solar and wind energy

    leviathan_1

    Eco Factor: Zero-emission concept yacht gets powered by renewable sources of energy.

    The Leviathan concept yacht is the work of industrial designer Adam Valmassoi, who believes that the sun and wind have the potential to green your next cruise. The ecofriendly self-sufficient yacht runs on two electric jet pump engines, which are powered by wind turbines and solar panels on board the yacht.

    (more…)

  • Moody’s: The Coming Sovereign Debt Crisis Of 2010

    The subject of sovereign defaults is definitely the theme of du jour.

    It’s the question everyone will be obsessed with in 2010 — that, and the related theme, the breakup of the Euro.

    Moody’s, via FT Alphaville, has created a new kind of “misery index” that merely adds a country’s fiscal deficit with its unemployment rate.

    misery

    The top of the list reads like a who’s who of the names in the news these days: Spain, Latvia, Lithuania, Ireland, Greece, the UK, Iceland and the US.

    Moody’s has also come up with another gloomy set of themes:

    Theme 1 Aaa countries will probably not have the luxury of waiting for the recovery to be secured before announcing credible fiscal consolidation plans.

    . . . A key concern is naturally an abrupt increase in real long-term interest rates after a long period of very low yields which has enhanced public debt affordability. We will address this risk in future publications and also discuss the unlikely risk of the dollar abruptly losing its predominant reserve currency status.

    However, this type of risk is not certain. After all, Japan has now lived for many years with elevated public debt, deflationary pressures and very low interest rates. Also, large economies are hoping to durably influence long-term interest rates through skilful quantitative easing (QE).

    But the risk is significant enough to focus governments’ minds. ―All this would require for the risks to materialise, is the combination of a global economy that is closer to (the new) economic potential, perhaps some ex ante change in the saving-investment balance at the world level (with China and surplus savers having to purchase fewer US bonds) and/or an inflation-led panic.

    Therefore, it is very likely that most governments will not have the luxury to wait until 2012 to start cleaning up public finances. 2010 will probably see the inflexion point in highly accommodative policies. In the meantime, tactical changes in debt management strategies will help. The US Treasury is trying to re-profile the maturity of its debt in order to lengthen it with the aim of reducing its vulnerability to such a possible shock.

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    Theme 2 The “growth versus adjustment” debate is artificial: advanced economies will need as much adjustment as necessary, and as much growth as possible.

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    Theme 3 For countries operating at sharply lower output levels and with reduced growth potential, the debt equation will look increasingly complicated.

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    Theme 4 Most governments cannot afford another financial crisis. Attempting to ring-fence balance sheets from contingent liabilities will keep policy makers busy.

    To say that Aaa governments have lost altitude within the Aaa space simply means that their shock-absorption capacity – while still high enough to rule out any meaningful default risk – has been reduced.

    In other words, many Aaa governments, starting with the UK and the US, cannot afford another financial crisis at current rating levels. This is another reason why the reform of the financial sector has taken on such importance.

    But this is also true of lower-rated governments, and more generally reflects the explosion of the size of financial sectors over the past decade as compared to governments’ balance-sheets. The key factor in this context is support capacity.

    As a result, we believe that these governments are going to try a different tactic and make the preservation of their balance sheets – and perhaps of their rating – a primary objective. This will entail, from time to time, initiatives to share the burden with bondholders. There have been some attempts at ring-fencing government balance sheets in 2009, with varying rates of success (e.g. in Iceland, Ukraine, Kazakhstan, Dubai, etc.). One could even argue that allowing Lehman Brothers to default was a way of drawing a line in the sand – although, as in many cases of ―ring-fencing, the outcome was disorderly.

    We have analyzed the Dubai World precedent as an early example of an ―exit strategy by governments, and have reconsidered the comprehensiveness of protective policies. As a result, our bank and corporate credit risk analysis is increasingly taking this into consideration.

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