Mike Miazga And John Mcnally 0000-00-00 00:00:00
Through the roof How much has the price of a barrel of oil gone up over the years? According to the Cushing, OK WTI Spot Price (dollars per barrel), the price per barrel in 1986 (May 19-23) was $14.30. That rose to $21.58 in 1996 (May 20-24), to $71.35 in 2006 (May 22-26) and to $93.97 this year (May 14-18). TECHNOLOGY PVF CRANE Energy Flow Solutions recently launched a Chinese website module. The translated pages will offer all of the new features available in the English version of the company’s website, including a comprehensive product catalog, updated technical menus and an online press room. New PVF publication launching PVF Outlook, a new publication sponsored by the American Supply Association , will debut in June. With a total circulation of 20,000, PVF Outlook will reach end users in the following fields: oil and gas extraction; chemical manufacturing; petroleum manufacturing; oil and gas field machinery equipment; and oil, gas, chemical and petroleum mechanical contractors. For advertising rates and further information on PVF Outlook, contact Supply House Times Integrated Media Specialist Scott Franz at FranzS@bnpmedia.com. Foreman to speak at Weldbend IPD breakfast Two-time heavyweight champion, Olympic gold medalist and successful entrepreneur George Foreman will be the featured speaker at the annual Weldbend IPD Breakfast Oct. 19 in Orlando, Fla., during Network ASA 2012, the American Supply Association’s annual convention. Foreman is one of numerous high-profile personalities to headline the annual breakfast. In 2011, Gene Simmons of the rock band KISS and various business ventures spoke at the event. “George Foreman is a terrific speaker who we all know will both entertain and inspire our guests,” Weldbend President Jim Coulas said. “Hosting the IPD Breakfast each year is one way for us to let our customers know how much we appreciate them.” Foreman won the gold medal at the 1968 Olympics in Mexico City and went on to have a 76-5 professional record with 68 knockouts. Foreman retired in 1977, but returned to boxing in 1987. On Nov. 5, 1994, Foreman defeated Michael Moorer to become the oldest heavyweight champion. Foreman retired from the ring for good in 1997 at the age of 48. After his retirement, Foreman became the face of the highly successful “George Foreman Grill” and has authored six best-selling books, including the recent “The Knockout Entrepreneur.” Metal shipments rebound slightly in April According to the Metals Service Center Institute’s April report, U.S. service centers shipped 3,553.5 thousand tons of steel products in April, a 6.3% increase from April 2011. Year-todate shipments are at 14,735.8 thousand tons, a 6. 9% increase from the same time last year. Steel inventories were 9,144.3 thousand tons at the end of April, an 11.9% rise over April 2011 and a 3.1% increase over March 2012. This is a 2.6-month supply in inventory and a 5.3% increase from last year. A total of 129.0 thousand tons of aluminum products were shipped in April, a 2.5% increase from April 2011. Year-to-date shipments of aluminum are at 528.1 thousand tons, a 4. 1% increase from a year ago and a 0.8% increase from March 2012.
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