America’s long-addiction to oil from OPEC is fading — even as China’s own reliance on the cartel’s crude has soared.
US oil imports from OPEC plunged to a 30-year low in March, according to a report published on Thursday by the US Energy Information Administration. The imports, totaling 1.5 million barrels per day, have tumbled by about 75% over the past decade.
In the last half of the 20th century US worries about a rising Japan led to tariffs and technology mistrust
Differences in the Chinese experience may predict a different outcome
If history is a mirror to the future, the similarities between the spiralling technology stand-off between China and the US and the economic wars waged by the US with Japan – which peaked in the 1980s and 1990s – may be instructive. But there are differences between the two which may predict a different outcome.
Plastics are intertwined with our lives today — driving researchers to create plant-based versions and more efficient ways to recycle.
The big picture: From a science perspective, the biggest challenge is consumers and companies want materials that won’t degrade quickly while being used but will degrade quickly once disposed, says Andrew Dove, a professor of chemistry at the University of Birmingham in the U.K. “The world wants it both ways.” Thermoplastics Petrochemicals Preforms
Deakin textile and fibre scientists have discovered how to turn plant waste into a biodegradable material that could replace environmentally-damaging plastics such as those used for packaging and other throwaway items.
The team from Deakin’s Institute for Frontier Materials (IFM), led by Dr Maryam Naebe, developed the bioplastic by repurposing cotton gin trash – the seeds, stems, short fibres and other waste by-products left behind from the ginning process used to separate cotton fibres.
Oil remains above $50 per barrel on WTI and hovers around $60 on Brent.
Another week of inventory builds in the US.
New provocative acts in the Middle East.
Brent-WTI remains firm.
Trading in the current environment could offer the best opportunities – UCO and SCO for those who do not trade futures.
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The global economic and geopolitical landscapes are pulling the price of crude oil in opposite directions. The price of the energy commodity dropped from a high at $66.60 on the nearby NYMEX WTI futures contract and $75.59 on Brent futures in late April to lows that are not far below the current price levels.
“Can also Nature Rid the Planet of Its Plastic Break?” Over the past few years, worms, micro organism, and enzymes that chow down on polymers have inspired headlines a exiguous bit fancy this one. The foundation that biology may possibly well possibly be triumphant where folks have in the past failed is difficult.
The truth about plastic eaters
Excluding dealing with the staggering amount of plastic slay polluting the earth is extra advanced than some coverage has let on. Most reported conditions of an enzyme or critter degrading plastic are incomplete and unhurried. Making these processes faster and extra ambiance friendly will not be trivial. And even supposing scientists handle to boost polymer biodegradation applied sciences, they have to also lift down the associated payment to compete in a market that involves chemical recycling strategies and virgin monomers—model-original supplies which have never been polymerized.
Premiums for oil tanker going through the Gulf have now surged to $185,000
Singapore: Oil tanker owners face spiralling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels.
War risk premiums that owners pay each time they go to the Gulf have now surged to at least $185,000 for supertankers, according to people with knowledge of the market. They rose to $50,000 after the attacks a month ago.
Swiss textile innovator Heiq has launched a new fluorine-free product in its HeiQ Eco Dry product family for a full range of apparel to footwear options. Heiq Eco Dry is a family of eco-friendly and PFC-free water repellent textile technologies. After adding Heiq DuPont Eco-Led to the range last year, Heiq has developed another technology targeting footwear.
The new solution, Heiq Eco Dry FW, is Oeko-Tex conform and bluesign pending, enables very high hydrophobic properties, and is suitable for wool, polyamide and their blends, said Heiq in a media statement. It does not compromise on breathability and is fluorine-free. With HeiQ Eco Dry, brands protect their products in a sustainable manner.
President Trump had tough words for the leaders of Iran on Friday, saying on “Fox & Friends” that they are responsible for explosions that heavily damaged two oil tankers in the Gulf of Oman on Thursday. Now the president needs to back up his words with action to send the revolutionary Islamist leaders in Tehran a message they won’t forget.
Iran’s radical regime will exploit American weakness, but it has a history of retreating when confronted by strength.
This new PE label, manufactured exclusively from recycled polyethylene, is thought to be the first of its kind worldwide. It was jointly developed to market readiness in Germany by the printer schäfer-etiketten and Herma, with the aid of the PE film experts of Polifilm.
Half of the raw material for the label stock originates from industrial waste, and the other half from the single-use PE commonly discarded by households, typically in the form of plastic bottles and packaging remains.
Concern for the impact we’re all having on the planet is now being voiced across the world. Today’s climate activists range from schoolchildren to leaders of nations, all fighting to drive change before it’s too late. The overarching message is clear – time is running out.
We’re all being called on to do more. Governments, industries, businesses and individuals. Every one of us has a contribution to make. UN Deputy Chief Amina Mohammed has repeatedly urged businesses to take a proactive stance to improve their own practices and engage with stakeholders to have a chance of achieving what are becoming essential sustainability goals. Thermoplastics Petrochemicals Preforms
Japan wants to make reducing the glut of plastic waste in the oceans a priority at the Group of 20 summit it is hosting this month as governments around the world crack down on such pollution.
Images of plastic debris-strewn beaches and dead animals with stomachs full of plastic have sparked outrage, with many countries, including more than two dozen in Africa, banning plastic bags outright.