See enough gloom and doom forecasts and you may feel like throwing in the towel. Seems like American Machinist has. Their editor in chief opens with his magazine with an editorial titled "The Collapse of Manufacturing." He cites huge drops in industrial production in US, but also in Germany and Asia. He tries to end upbeat saying its no time to quit, but the net effect is demoralizing. If I was an American machinist, I'd just want to retire.
Luckily, I had also picked up Today's Machining World, in which editor Lloyd Graff, recounts drilling for oil in Alaska's Prudhoe Bay. They had drilled 72 exploratory oil wells -- as agreed by management. They found nothing. Rather than give up, they pieced scrap tubes together to drill one more. Nothing. On the 74th, a gusher. It turned out to be be Amoco's biggest discovery in America.
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