Press Release From Smart Energy Decisions: New report forecasts 3.5% growth of electric motor market before 2024

A new report released March 30 by Frost & Sullivan predicts that the electric motor market in North America will grow at a CAGR of 3.5% between 2019 and 2024, bringing sector revenues from $7.2 billion to $8.5 billion. Demand for electric motors is expected to rise with the transition away from engines, turbines and…

Commentary: COVID-19 Update, 3/31/2020

It looks like the Dow Jones is starting to rebound.  Why?  I think because everyone knows this whole thing is going to be over very quickly.   Neil Ferguson, the Gospel according to Imperial College coronavirus model, admits he made a mistake.  Data now indicate that the number of deaths will be much smaller.  He predicted…

Occidental Petroleum Files Financial Statements With SEC For Year 2019

The filing occurred in Feb 2020.  It covers the entire year  of 2019.  Below are some highlights, note that all figures are in millions of dollars. Total Assets:  109,330 Total Liabilities:  75098 Total Stockholders Equity:  34,232 Net Income:  -522 View the entire statement here:  http://www.occidentalpetroleum.gcs-web.com/static-files/1ccfc459-a23f-490c-9600-545ce526f61d

Article From The Daily Wire: Epidemiologist Behind Highly-Cited Coronavirus Model Drastically Downgrades Projection

Epidemiologist Neil Ferguson, who created the highly-cited Imperial College London coronavirus model, which has been cited by organizations like The New York Times and has been instrumental in governmental policy decision-making, offered a massively downgraded projection of the potential deathtoll on Wednesday. Read it here:  http://www.dailywire.com/news/epidemiologist-behind-highly-cited-coronavirus-model-admits-he-was-wrong-drastically-revises-model/

Press Release: McDermott Awarded Contract by BHP for Trion FPU Pre-FEED Design Competition

HOUSTON, March 30, 2020 /PRNewswire/ -- McDermott International, Inc. announced today it has been awarded a sizeable* contract by BHP Billiton Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to provide pre-front-end engineering design (pre-FEED) services for a floating production unit (FPU) that will be installed in a water depth of approximately 8,200…

White Paper: Artificial Intelligence Forecasting of Covid-19 in China

Here is a research paper that I found on the internet.  It is published by http://www.arxiv.org . arXiv® is a free distribution service and an open archive for scholarly articles in the fields of physics, mathematics, computer science, quantitative biology, quantitative finance, statistics, electrical engineering and systems science, and economics. arXiv is a collaboratively funded,…

Article From Reuters: U.S. oil fields flared and vented more natural gas again in 2019

The U.S. drilling industry flared or vented more natural gas in 2019 for the third year in a row, as soaring production in Texas, New Mexico, and North Dakota overwhelmed regulatory efforts to curb the practice, according to state data and independent research estimates. Read the article:  http://www.reuters.com/article/us-usa-flaring/u-s-oil-fields-flared-and-vented-more-natural-gas-again-in-2019-data-idUSKBN1ZX1L5  

COVID-19: Use China As The Test Case

I checked the stats on China and it looks like the cases of COVID-19 in that country have peaked.  There are some interesting things in this chart.  Before I get started, let me just say that I am suspicious of government data.  In business and the universities, we take our own data - we do…

Houston Energy Conferences In April 2020

From what I can see, all conferences for April have been either cancelled or postponed.  Well will have to wait and see for May, although Offshore Technology Conference has already been postponed.  Looks like most conferences are postponing until sometime in the Fall.  I will keep you posted for those. This week Harris County passed…