API updates Congress on energy situation
In a letter to Congress dated June 29, Red Cavaney, president of API, saidin the search for new energy supplies for consumers, it is important that elected leaders resist the temptation to burden the industry with confiscatory and discriminatory taxation schemes that would reduce the industry’s ability to make the reinvestments necessary to deliver future energy toAmerican consumers. Log onto www.api.org to read the letter.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey