Keyword: production

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  • Ford Says It's Moving All of Its U.S. Small Car Production to Mexico

    09/14/2016 3:29:17 PM PDT · by Nachum · 93 replies
    CNS News ^ | 9/14/16 | AP
    DETROIT (AP) — Ford Motor Co. says it's moving all of its U.S. small car production to Mexico. Ford CEO Mark Fields confirmed the long-expected move Wednesday during an event for investors and Wall Street analysts. Ford currently makes its Fiesta subcompact in Mexico, but its Focus and C-Max small cars are made in suburban Detroit. Making them in Mexico would boost company profits because of low wages there.
  • Forget The Glut – This Is Why Oil Prices Will Rise

    07/26/2016 9:29:43 AM PDT · by bananaman22 · 18 replies ^ | 26-07-2016 | Steffens
    U.S. oil production peaked at over 9.6 million barrels per day in June, 2015: Based on Core Labs' prediction above, U.S. oil production will fall to under 8.3 million barrels per day before the end of this year and will continue fall to under 7.5 million barrels per day sometime in 2017 before it stabilizes. The only thing that will stop U.S. oil production from falling is a sharp increase in oil prices. In my opinion, West Texas Intermediate (WTI) must move firmly over $60/bbl before we will see the increase in capital expenditures necessary to stabilize U.S. oil production....
  • As Oil Rises, US Shale Companies Have Begun Increasing Oil Production

    04/28/2016 1:28:29 PM PDT · by Nachum · 11 replies
    Zero Hedge ^ | 4/28/16 | tyler durden
    Three days ago, Pioneer surprised oil market watchers when it not only said that it has already produced more oil than it had initially forecast, but that once crude returns to $50, all systems are go. This is what it said in its Q1 press release: producing 222 thousand barrels oil equivalent per day (MBOEPD), of which 55% was oil; production grew by 7 MBOEPD, or 3%, compared to the fourth quarter of 2015, and was significantly above Pioneer’s first quarter production guidance range of 211 MBOEPD to 216 MBOEPD; oil production grew 10 thousand barrels oil per day during...
  • US industrial production fell 0.6% in March vs. 0.1% drop expected

    04/15/2016 6:42:21 AM PDT · by mykroar · 18 replies ^ | 4/15/2016 | Reuters
    U.S. industrial production fell more than expected in March as output declined broadly, the latest indication that economic growth braked sharply in the first quarter. Industrial output decreased 0.6 percent last month after a downwardly revised 0.6 percent drop in February, the Federal Reserve said on Friday. Industrial production has declined in six of the last seven months. Economists polled by Reuters had forecast industrial production slipping 0.1 percent last month after a previously reported 0.5 percent drop in February. Industrial production fell at an annual rate of 2.2 percent in the first quarter. The report joined data on retail...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • What Happens When Oil Hits $50?

    03/21/2016 1:00:25 PM PDT · by bananaman22 · 11 replies ^ | 21-03-2016 | hoeren
    The major beneficiary of the 54 percent jump in oil prices from the lows of $26 per barrel is the U.S. shale oil industry, which will utilize this rise to ramp up production and repair balance sheets. But any move above $45 per barrel will likely reverse all this good luck: The drop in production will halt and more will be added to the supply glut. It’s a bit of a double-edged sword.
  • Why U.S. Shale Is Not Capitulating Yet

    02/04/2016 3:39:20 PM PST · by bananaman22 · 16 replies ^ | 04-02-2016 | zero
    According to a report by the Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove, Saudi Arabia may have its work cut out for it as it will be far harder to kill many U.S. E&Ps than analysts originally thought. The reason: a break-even model for the Permian Basin and Eagle Ford shows that oil production across five plays in Texas and New Mexico may remain profitable even when WTI prices fall below $30 a barrel, according to a 55-variable Bloomberg Intelligence model for horizontal oil wells. The Eagle Ford's DeWitt County has the lowest break-even, at $22.52, followed by Reeves...
  • Will OPEC Be Forced To Call An Emergency Meeting Soon?

    01/20/2016 10:31:57 AM PST · by bananaman22 · 29 replies ^ | 20/01/2016 | obama no more
    Oil prices dropped to fresh lows during midday trading on January 20, with WTI dipping below $27 per barrel and Brent trading under $28. The crash in oil since December has only deepened the pain for oil-exporting countries, even for those within OPEC. Despite the cartel’s inability to agree on a production target at its meeting in early December, some of its members are clamoring for action. Venezuela recently requested an emergency meeting in a letter sent to the other 12 members of OPEC. That is not necessarily news since Venezuela did the same thing last year, but there are...
  • Four Oil Tanks Now on Fire at Libyan Ports after Clashes

    01/06/2016 8:56:55 PM PST · by fella · 4 replies
    Rig Zone ^ | 6 JAN 2016 | Ayman al-Warfalli
    BENGHAZI, Libya, Jan 6 (Reuters) – Fires caused by clashes between Islamic State militants and guards near Libya's biggest oil ports have spread to four oil storage tanks that were still burning on Wednesday, a guards spokesman said. Ali al-Hassi said the Petroleum Facilities Guards were in control of Es Sider and Ras Lanuf ports, but that skirmishes continued. At least nine guards were killed and more than 40 injured in fighting around the perimeter of the area on Monday and Tuesday. Hassi said guards had recovered bodies of 30 Islamic State fighters, and had also captured two military tanks...
  • BP’s CEO Finally Sees Oil Prices Bottoming Out

    01/05/2016 11:59:31 AM PST · by bananaman22 · 5 replies ^ | 05-01-2015 | dudley
    Since last summer, Bob Dudley, the CEO of the British oil giant BP, has been cautioning that he expects oil prices to stay “lower for longer.” Now he believes he’s determined how much longer those prices may decline, and when they may start rising again. “A low point could be in the first quarter [of 2016],” Dudley said in an interview broadcast Saturday by the BBC. “But 2016’s third and fourth quarters could witness a more natural balance between supply and demand, after which stock levels could start to wear off.”
  • OPEC Expects U.S. Oil Production To Rise In 2016… Really?

    12/29/2015 11:54:02 AM PST · by bananaman22 · 36 replies ^ | 29-12-2015 | Peak oil ping
    The OPEC 2015 World Oil Outlook came out a few days ago. They basically produce two outlooks, a medium term outlook to 2020 and a long term outlook to 2040. I found their medium term outlook pessimistic in some cases too optimistic in others. But I found their long term outlook to be wildly optimistic… in most cases. In all cases below I chart crude when it is available and “liquids” only when no other option is available. The data is in million barrels per day.
  • Can OPEC Strike A Deal On Cutting Production Tomorrow?

    12/03/2015 1:05:30 PM PST · by bananaman22 · 9 replies ^ | 03-12-2015 | OPEC meeting
    OPEC is set to convene its twice-a-year meeting in Vienna, and a growing number of the group’s members are clamoring for production cuts in order to boost oil prices. The problem is a collective one. Sure, everyone agrees production should be cut, but each member wants someone else to shoulder the burden. That results in no decision. The only member whose voice really counts is Saudi Arabia. Interestingly, the de facto leader of OPEC is starting to change its tone, a sign that the desperation from some OPEC countries – along with the financial pain that Saudi Arabia itself has...
  • Future Of Iraq’s Oil Industry Under Threat

    10/22/2015 9:32:08 AM PDT · by bananaman22 · 1 replies ^ | 22-10-2015 | Ibrahim
    Iraq is one of the major reasons why OPEC has been able to increase oil production over the past year, even as oil prices have dropped to six-year lows. The war-torn country averaged 3.2 million barrels per day (mb/d) of production in 2014. But despite the onslaught from ISIS and the collapse in oil prices, Iraq succeeded in achieving steady gains in output, surpassing 4.1 mbd in September. Along with Saudi Arabia’s increase of around 600,000 barrels per day since 2014, Iraq has accounted for a majority of OPEC’s production gains over the past year, allowing the cartel to produce...
  • Chinese Company Replaces Humans With Robots, Production Skyrockets, Mistakes Disappear

    08/01/2015 8:00:38 PM PDT · by SeekAndFind · 64 replies
    Zero Hedge ^ | 08/01/2015 | Tyler Durden
    "I believe that anyone who has a job and works full time, they should be able to pay the things that sustain life: food, shelter and clothing. I can't even do that."That rather depressing quote is from 61-year old Rebecca Cornick. She’s a grandmother and a 9-year Wendy’s veteran who spoke to CBS News. Rebecca makes $9 an hour and her plight is representative of fast food workers across the country who are campaigning for higher pay. The fast food worker pay debate is part of a larger discussion as "states and cities across the country [wrestle] with the idea of...
  • Why We Should Get Used To Low Oil Prices

    07/13/2015 11:03:11 AM PDT · by bananaman22 · 34 replies ^ | 13-07-2015 | ABM
    The news from the IEA is not good. “World oil demand growth appears to have peaked in 1Q15 at 1.8 mb/d and will continue to ease throughout the rest of this year and into next as temporary support fades.” I don’t have great faith in forecasts but the data shows declining demand growth from late 2010 to the 2nd quarter of this year The weak global economy is the cause of low demand growth. The current debt crisis Greece and collapsing stock markets in China are the latest alarm signals.
  • Forget the Noise: Oil Prices Won’t Crash Again

    06/03/2015 7:54:30 AM PDT · by bananaman22 · 6 replies ^ | 06-03-2015 | Dan Doyle
    Oil rising to $60/bbl is displeasing some people, particularly the shorts. Some of the more extreme –those calling for oil in the $20’s – have wisely fallen silent. Others, like Goldman Sachs, who a few months ago had set their flag in the 30’s, have unfortunately not gone so silent. They recently moved their flag into the 40’s but they continue to talk a lot. A better strategy – though one that would require some humility — would be to stop talking and listen. Recent and compounding data will soon wash away the walls of worry erected by the experts....
  • Physicists find ways to increase antihydrogen production

    05/21/2015 12:33:22 AM PDT · by LibWhacker · 13 replies
    PhysOrg ^ | 5/20/15 | Lisa Zyga
    Physicists find ways to increase antihydrogen production 18 hours ago by Lisa Zyga feature Antihydrogen consists of an antiproton and a positron. Credit: public domain (—There are many experiments that physicists would like to perform on antimatter, from studying its properties with spectroscopic measurements to testing how it interacts with gravity. But in order to perform these experiments, scientists first need some antimatter. Of course, they won't be finding any in nature (due to antimatter's tendency to annihilate in a burst of energy when it comes in contact with ordinary matter), and creating it in the lab has proven to...
  • U.S. Could Go All Out On Offshore Exploration

    05/14/2015 12:06:16 PM PDT · by bananaman22 · 3 replies ^ | 14-05-2015 | Drillbit
    For project developers seeking the next big petro-play, some key news this week. With lawmakers in America moving to open one of the biggest swaths of new acreage in the history of the industry. On Tuesday, the U.S. senate introduced three bills to expand areas accessible for oil and gas drilling -- targeting the eastern Gulf of Mexico, Atlantic Ocean, and the Arctic. The Gulf of Mexico acreage would be the nearest play at hand. With this week's bill contemplating allowing drilling in this area as early as 2017.
  • Saudi Arabia Continues To Turn Screws On U.S. Shale

    05/13/2015 11:50:03 AM PDT · by Opintel · 16 replies ^ | 13-05-2015 | ShaleDefender
    Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC’s latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month’s total of 10.29 million barrels. That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades. Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. The resulting crash in oil prices is forcing some...
  • Climate change hampering world food production, say scientists (a 'food for thought' thread 8-?)

    02/16/2015 5:20:37 PM PST · by NormsRevenge · 32 replies
    Yahoo News ^ | 2/16/15 | Jean-Louis Santini - AFP
    San José (United States) (AFP) - The acceleration in climate change and its impact on agricultural production means that profound societal changes will be needed in coming decades to feed the world's growing population, researchers at an annual science conference said. According to scientists, food production will have to be doubled over the next 35 years to feed a global population of nine billion people in 2050, compared with seven billion today. Feeding the world "is going to take some changes in terms of minimizing climate disruption," said Jerry Hatfield, director at the National Laboratory for Agriculture and the Environment....
  • Industrial Production Explodes In November

    12/15/2014 7:08:00 AM PST · by blam · 8 replies
    BI ^ | 12-15-2014 | Myles Udland
    Myles Udland December 15, 2014Industrial production had a huge rebound in November. Industrial production rose 1.3% in November according to the latest report from the Federal Reserve. Expectations were for the report to show industrial production rose by 0.7% in November, better than October's 0.1% contraction. October's number was revised up to 0.1% from -0.1%. Capacity utilization also rose sharply, to 80.1% from a revised reading of 79.3%. Capacity utilization was expected to rise, to 79.4% from 78.9%. This rate of capacity utilization is now equal to its long-run average spanning 1972-2013 and hit its highest level since March 2008....
  • Special Report: How fracking helps America beat German industry

    06/02/2014 5:40:30 AM PDT · by Freeport · 4 replies
    Reuters ^ | Mon Jun 2, 2014 | Christoph Steitz and Ernest Scheyder
    (Reuters) - Nestled in the green hills of southern Germany, chemical giant Wacker Chemie churns out a wide range of products, from an ingredient for chewing gum to the polysilicon crystals in solar cells. The electricity to produce all that - enough power for more than 700,000 households annually - has become more costly at Wacker’s main factory in Burghausen. It has played a big part in pushing up the firm’s total energy bill by 70 percent over the last five years, to nearly half a billion euros. It’s a different story across the Atlantic in the U.S. state of...
  • Detroit's 1942 WWII 'Blackout Specials' Rare, Prized Collectibles Today-

    05/27/2014 5:08:26 AM PDT · by Reaganite Republican · 24 replies
    Reaganite Republican ^ | 27 May 2014 | Reaganite Republican
    1942 Dodge 'blackout' (Library of Congress) More/photos at Reaganite Republican...
  • Ammunition Availability, Shortages, and .22 Production

    03/07/2014 10:05:16 AM PST · by marktwain · 50 replies
    Gun Watch ^ | 8 March, 2014 | Dean Weingarten
    The first time I heard about a shortage of ammunition was from my father, who talked about how ammunition was impossible to get during World War II.  As I now own the .22 rifle that had kept much of the neighborhood in venison during the depression (he told me that it had accounted for about 200 deer over the decades, as it was loaned out to neighbors),  I made the mental note that I would not be caught short in a future conflict. As a young adult I noticed a special on Remington .22 ammunition under the Peters brand...
  • Pending Home Sales Fall By Most Since 2010, Capacity Utilization Still Below 80%

    10/28/2013 7:23:12 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/28/2013 | Anthony B. Sanders
    Pending home sales in the USA fell 5.6% in September, the biggest drop since 2010. phs102813 Of course, the rise in the US Treasury 10 year yield has cooled off pending home sales. phsmortgagesept13 Meanwhile, capacity utilization in the USA rose to 78.3%, shy of the point when The Fed has historically raises The Fed Funds Rate Target to cool down the economy. caputefed102813 Back in the Reagan Recovery in the 1980s and the Clinton Recovery in the 1990s, we saw capacity utilization rise above 80% signalling an over-heating economy. And The Fed reacted with increases in The Fed Funds...
  • Production Obstruction: Critics cite mounting evidence that Obama administration is blocking oil

    03/25/2013 12:14:29 PM PDT · by Nachum · 9 replies
    Free Beacon ^ | 3/25/13 | Lachlan Markay
    Delays in federal permitting for oil and gas exploration on public land is likely reducing national energy production and depriving the federal government of revenue, according to a federal report released Friday. The report is the latest addition to a mounting body of evidence undercutting the administration’s claims that it has fostered increased oil and gas production, critics say. Production on lands the federal government controls has plummeted during Barack Obama’s presidency. The United States Department of Agriculture’s (USDA) inspector general examined 1,881 applications for drilling permits on public land. Fewer than 4 percent of those applications were “recent,” or...
  • Just What Was Fundamentally Wrong with Bolshevism?

    11/29/2012 5:29:21 AM PST · by SJackson · 45 replies
    Frontpagemagazine ^ | November 29, 2012 | Steven Plaut
    I recently read the new biography of Trotsky by Oxford don Robert Service, published in 2009 by Pan Books. It is well-written and surprisingly interesting. The book does a great public service in describing the life of the actual Trotsky, whose previous “biographies” were little more than hagiographies written by his toady worshippers (people like Isaac Deutscher). The last time that I had taken any interest in Trotsky was when I was a teenager and had fleeting delusions of believing in “socialism.” Reading the new book as an adult and as an economist, I found it a useful opportunity to...
  • Obama Lectures Romney On Cargo Cult Economics [the price of gas]

    10/18/2012 2:29:08 AM PDT · by Cincinatus' Wife · 8 replies
    Red State ^ | October 17, 2012 | steiff
    There were several surreal moments in the debate last night between the Democrat candidate for president, Barack Obama, and the American candidate Mitt Romney. While most are focused on Obama’s stunningly brazen lie about his statement of the attack on our Benghazi embassy, the more telling episode showed that Obama is simply disengaged from reality as it is experienced by most people. From the transcript: >>>"ROMNEY: That was a statement. I don’t think the American people believe that. I will fight for oil, coal and natural gas. And the proof, the proof of whether a strategy is working or not...
  • Slowest Recovery Since 1882: Homebuilder Enthusiasm, Inflation and Industrial Production

    10/16/2012 10:17:53 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 10/16/2012 | Anthony B. Sanders
    As Professor John Taylor of Stanford University has observed, this is the slowest economic recovery since President Chester Arthur in 1882. Hence, I am not surprised that economic indicators struggle to increase to pre-recession levels. The National Association of Homebuilders Confidence Index rose to 41 in September from 40 in August. While this this is the highest reading since the end of the recession, it is still below the breakeven point of 50. Well, confidence could be attributed to the Fed’s mega-pushdown of mortgage rates. While one can say “It’s about time!” since the recession ended in June 2009, other...
  • North Dakota has surpassed Alaska in crude oil production.

    06/15/2012 8:46:03 PM PDT · by moonshot925 · 18 replies
    EIA ^ | June 15 2012
    In March 2012 Alaska produced 17,592,000 barrels of crude oil. In March 2012 North Dakota produced 17,840,000 barrels of crude oil. North Dakota is now the 2nd largest producer of crude oil in the USA behind Texas.
  • U.S. Industrial Output Falls (Yes that word again)

    06/15/2012 7:37:16 AM PDT · by C19fan · 31 replies
    Wall Street Journal ^ | June 15, 2012 | Tom Barkley and Ian Talley
    U.S. industrial production unexpectedly fell in May, with a slump in manufacturing activity providing another sign of concern for the economic recovery. Industrial production last month slipped 0.1%, the Federal Reserve said Friday. April's output figures were revised down slightly to a 1.0% gain, versus an initial estimate of a 1.1% jump.
  • Crude Petroleum Production 1938

    06/08/2012 7:18:55 PM PDT · by moonshot925 · 4 replies
    June 8 2012 | me
    I got this data from the "League of Nations Statistical Yearbook". It is amazing how much petroleum we produced. 60% of the world's output !!!
  • Steel Output in 1913, 1920 and 1930 (vanity)

    06/07/2012 7:41:15 PM PDT · by moonshot925 · 17 replies
    Paul Kennedy
    I found some statistics for raw steel production in "The Rise and Fall of the Great Powers" by Paul Kennedy. Page 200, Table 15.
  • Boxer, Inhofe trade jabs over Obama’s energy production numbers

    03/22/2012 11:24:45 AM PDT · by Nachum · 15 replies
    Washington Free Beacon ^ | 3/22/12 | CJ Ciaramella
    It was supposed to be a hearing about the Environmental Protection Agency’s requested 2013 budget, but Obama’s energy policies still managed to take center stage for a time at a Senate Environment and Public Works Committee hearing Thursday. During opening statements at the hearing, Sen. Jim Inhofe (R., Okla.) and Sen. Barbara Boxer (D., Calif.) traded jabs over President Obama’s energy production numbers until Boxer, also the committee chairwoman, banged her gavel to put an end to the conversation. Full transcript: SEN. BARBARA BOXER: So all this talk about how the president is against this is incorrect. He is for...
  • Under Obama, Oil and Gas Production on Federal Lands Is Down 40%

    01/18/2012 2:22:30 PM PST · by Nachum · 13 replies
    Heritage ^ | 1/18/12 | Rob Bluey
    In his announcement rejecting the Keystone XL pipeline today, President Obama boasted that under his administration, “domestic oil and natural gas production is up.” Obama, of course, failed to mention that his administration can’t actually take any credit for the increase. The vast majority of America’s oil and gas production is happening on private lands in states like North Dakota, Alaska and Texas. It’s not that Obama is devoid of responsibility. His administration oversees oil and gas production on federal lands by issuing leases. But when measuring oil and gas production in areas under Obama’s jurisdiction, the numbers tell a...
  • Opium production soars in Afghanistan: UN

    01/12/2012 2:08:43 PM PST · by NormsRevenge · 7 replies
    Yahoo ^ | 1/12/12 | AFP
    Production of opium and the illicit crop's value soared in Afghanistan last year, the United Nations said in a report released Thursday. According to the UN's Office on Drugs and Crime, farmer income derived from Afghanistan's opium crop in 2011 was $1.4 billion (1.09 billion euros), representing nine percent of GDP. "Opium is therefore a significant part of the Afghan economy and provides considerable funding to the insurgency and fuels corruption," Yury Fedotov, executive director of the UN office, said in a statement. Afghanistan grows about 90 percent of the world's opium. The UN said poppy-crop cultivation covered more than...
  • Former POW Jessica Lynch finishing teaching degree

    12/15/2011 8:39:11 AM PST · by Kartographer · 51 replies
    AP/YahooNews ^ | 12/14/11 | By VICKI SMITH
    Jessica Lynch was just 19 when the world first saw her — a broken, blond soldier caught on combat video in Iraq, her face wearing something between a grimace and a grin. The Army supply clerk was being carried on a stretcher after nine days as a prisoner of war. She had been captured along with five others after the 507th Maintenance Company took a wrong turn and came under attack in Nasiriyah on March 23, 2003. Eleven of her fellow soldiers died. Lynch had joined the Army at 18 to earn money for college and become a school teacher....
  • Hamas sets up rocket production line in Sinai

    12/10/2011 11:02:14 PM PST · by Nachum · 9 replies ^ | 12/101/11 | YAAKOV KATZ
    By establishing facilities in Egypt, group aims to protect its assets since it believes Israel won't strike targets inside Egypt due to affect it would have on bilateral relations. Hamas has established forward bases and rocket production facilities in the Sinai Peninsula in an effort to protect them from Israeli air strikes, The Jerusalem Post has learned. By establishing the facilities in Egypt, Hamas aims to protect its assets since it believes Israel will not strike targets inside Egypt due to the affect it would have on bilateral relations.
  • Industrial production edges up 0.2% in September

    10/18/2011 6:43:10 AM PDT · by Free Vulcan · 1 replies
    Marketwatch ^ | 10.17.11 | Steve Goldstein
    The nation’s industrial production rose 0.2% in September, capping a third-quarter rebound in activity for the manufacturing sector, the Federal Reserve reported Monday. Though the headline gain was stronger than the 0.1% that economists polled by MarketWatch had forecast, August’s reading tracking output by factories, mines and utilities was downwardly revised to zero from an initially reported 0.2% growth.
  • Climate change could shrink chocolate production: report

    10/12/2011 9:07:30 AM PDT · by NormsRevenge · 52 replies
    Los Angeles Times ^ | 10/12/11 | Tiffany Hsu
    Scientists say climate change will eventually claim many victims -– including, according to a new report, chocolate. As temperatures increase and weather trends change, the main growing regions for cocoa could shrink drastically, according to new research from the International Center for Tropical Agriculture. Ghana and the Ivory Coast –- which produce more than half of the global cocoa supply –- could take a major hit by 2050. Currently, the optimal locations to grow the crop are about 330 feet to 820 feet above sea level, with temperatures of about 72 degrees Fahrenheit to 77 degrees. That range will soar...
  • Industrial output up 0.2% in August: Rise beats expectations

    09/15/2011 6:53:52 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 9.15.11 | Greg Robb
    U.S. industrial production rose 0.2% in August after a strong 0.9% gain in July. Production is now up in four straight months. Economists had expected no change in industrial output in August.. Capacity utilization increased 0.1 percentage point to 77.4% in August, the highest level since August 2008.
  • "Congress shall make no law ..."

    06/02/2011 10:50:02 AM PDT · by OldNavyVet · 31 replies
    Atlas Shrugged (paperback page 1083) | 1957 | Ayn Rand
    "Congress shall make no law abridging the freedom of production and trade ..."
  • Understanding Liberals

    05/16/2011 3:53:00 PM PDT · by library user · 24 replies
    IBM ^ | May 16, 2011 | by Walter Williams
    ~ EXCERPT ~ **snip** The sane among us recognize that in a free society, income is neither taken nor distributed; for the most part, it is earned. Income is earned by pleasing one's fellow man. The greater one's ability to please his fellow man, the greater is his claim on what his fellow man produces. Those claims are represented by the number of dollars received from his fellow man. Say I mow your lawn. For doing so, you pay me $20. I go to my grocer and demand, "Give me 2 pounds of steak and a six-pack of beer that...
  • Obama war on oil production threatens Alaska pipeline

    05/11/2011 4:27:46 PM PDT · by Nachum · 5 replies
    Washington Examiner ^ | 5/11/11 | Conn Carroll
    I''m glad Andrew Sullivan has responded to my Sarah Palin piece. You'd hate to write as much about her as I did and not have it register on the Dish. That would be like if you were a large white whale and Ahab just ignored you. Andrew's response covers a lot of terrain, and I agree with his point that Alaska is essentially a socialist state, or more accurately, a ward of the federal government (for more on that, see this excellent Charles Homans piece in the Washington Monthly). In fact, its perverse tax structure is one reason why Alaska...
  • Japan: Industrial production posts largest drop(15.3%)

    04/29/2011 7:13:06 AM PDT · by TigerLikesRooster · 1 replies
    Asahi Shimbun ^ | 04/29/11
    Industrial production posts largest drop 2011/04/29 Japan's industrial production plunged by a record 15.3 percent in March as the Great East Japan Earthquake slashed output at automakers and other manufacturers. The index of industrial production fell to 82.9 for the first decline in five months, according to a preliminary report released April 28. The industry ministry downgraded its assessment of industrial production for the first time since September 2010, although it said production is expected to recover.
  • Video: Iraqi oil ministry prepares for massive increase in production

    04/26/2011 11:31:07 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 04/26/2011 | Ed Morrissey
    Remember how the war in Iraq was just to steal Iraqi oil? CNN reports today that the Iraqis are now preparing to keep the profits of their own resources, rather than having them line the pockets of the tyrant Saddam Hussein. The Oil Ministry will auction 12 new exploration zones as Iraq attempts to boost production fivefold in the next six years: To put these plans in perspective, oil production in Iraq prior to the 2003 invasion was 2.6 million barrels per day. Saddam Hussein sold it through the UN’s Oil-for-Food Programme, a bypass for sanctions that was supposed to...
  • Toyota To Suspend More Output In N America Due To Parts Supply Delay(4-day weekend)

    04/20/2011 6:25:26 AM PDT · by TigerLikesRooster · 5 replies
    Nikkei ^ | 04/20/11
    Wednesday, April 20, 2011 Toyota To Suspend More Output In N America Due To Parts Supply Delay NEW YORK (Kyodo)--Toyota Motor Corp. will fully halt manufacturing operations at its 14 North American factories on Mondays and Fridays during the period from April 26 through June 3 due to disruptions in parts supply caused by the March 11 earthquake-tsunami disaster in Japan, the company said Tuesday.
  • U.S. industrial output rises solid 0.8%

    04/15/2011 6:42:41 AM PDT · by Free Vulcan · 34 replies
    Marketwatch ^ | 4.15.11 | Greg Robb
    WASHINGTON (MarketWatch) — U.S. industrial production rose a solid 0.8% in March, with broad-based gains across sectors, the Federal Reserve reported Friday . It was the fifth straight gain in factory output, as manufacturing continues to lead the economy. The increase was a modest upside surprise as economists were expecting a 0.6% gain. In the first quarter, industrial output rose at a 6% annual rate, faster than the 3.2% rate in the final three months of 2010.
  • New York manufacturing gauge best in a year

    04/15/2011 6:09:56 AM PDT · by Free Vulcan · 5 replies
    Marketwatch ^ | 4.15.11 | Steve Goldstein
    WASHINGTON (MarketWatch) — Business conditions for New York state-based manufacturers in April were the best in a year as new orders surged, according to a survey of executives released Friday. The Empire State manufacturing survey rose for a fifth consecutive month in April, with general business conditions increasing over four points to a reading of 21.7, the Federal Reserve Bank of New York said. Economists polled by MarketWatch had expected a dip to 15.5, down from 17.5 for March. The new orders index for April jumped 17 points, to 22.3, and the shipments index shot up 27 points to 28.3,...
  • REUTERS FLASH: Toyota says to halt all production in Japan until at least March 16

    03/13/2011 9:44:55 PM PDT · by tcrlaf · 14 replies
    Reuters Live Blog ^ | 1-14-11 | Reuters
    This a Rueters flash... As was just discussed on NHK, Japan is having severe power problems in the North. I wonder how this will affect U.S. Production?