by Gary S. Meyers and L. Steven Platt
In addition to other announced asset sales, what we are told is that BP is leaving North America. Between the Gulf of Mexico disaster, problems with their N.A. pipelines, the Texas City refinery explosion a few years ago, other liability issues, and a large scale public relations attacks [...]

by Gary S. Meyers and L. Steven Platt
June was not a good month for the local steel industry. The word on the street in (Northwest Indiana) the mills is that they are out of orders. They are going to complete their projects and then cutback again. Orders for raw production of steel simply dried up [...]

by Gary S. Meyers and L. Steven Platt
The next ecological oil disaster will occur with our oil pipelines running from Alaska and Canada down to the lower 48. To date the pipelines have been relatively trouble free, though not without accident. The once feared ecological damage to wild life and terrain simply has not occurred. [...]

by Gary S. Meyers and L. Steven Platt
Construction trades. The local buzz is that there is activity out there. Between public works and some minor improvements in conventional activity, the word from the labor unions is that they are now looking for a September pickup in activity.
New home builders. The major home builders are changing [...]

by Gary S. Meyers and L. Steven Platt
Amid reports that the economy is growing, many economic areas say something else.
Home mortgages. The number of existing prime conforming home loans is down by 4.1% for the past year and another 1.8% in the last six months alone. By March 1, 2010, Prime mortgages for the entire [...]

by Gary S. Meyers and L. Steven Platt
Brain Drain in Heavy Industry
Early buyouts, natural attrition or layoffs are causing a serious brain drain in our heavy industry. This is serious and negatively impacting company morale, efficiencies, and productivity. Worse yet, in some cases it could become dangerous to life and property.
“Too many experienced people have [...]

by Gary S. Meyers and L. Steven Platt
Coal to gasoline? About two years ago, THE MEYERS REPORT met a Midwestern scientist who developed a new process to convert coal to gasoline, which he patented. The problem then was that the production cost was over $40.50 per gallon, or $650 for a 15 gallon tank of [...]

by Gary S. Meyers and L. Steven Platt
The imminent atomization of Iran poses a threat to peace in neighboring Iraq and the rest of the Middle East as well. Sources say that the most the UN will do is levy some form of sanctions of $2-$5 billion annually on oil revenues on that country. Iran’s [...]

by Gary S. Meyers and L. Steven Platt
Unemployment Report Too Optimistic Or Wrong? Last week’s reduction in the unemployment rate to 9.7%, from 10%+, is most likely wrong and is probably the result of a statistical anomaly. It also might be because people are giving up. In any case, things are not really better—yet. Expect [...]

by Gary S. Meyers and L. Steven Platt
Could it be that the U.S. has all the oil we need right here within our own borders? The answer could be yes, if you look and listen to the U.S. Department of the Interior, U.S. Geological Survey, (www.usgs.gov/newsroom/article.asp?ID=1911).  With new technology and a base price of $70-80 [...]