Key Currency Exchange Rates for Friday, 11/6/20

American Trucking Associations applauded the introduction of the DRIVE Safe Act in both the U.S. House and Senate by a group of bipartisan legislators. The legislation addresses the economy’s growing shortage of professional truck drivers by expanding job opportunities for younger members of the trucking workforce, while also strengthening safety training and technology safeguards for select candidates looking to participate in interstate commerce early in their careers. While 49 states permit individuals to obtain a commercial driver’s license and operate large commercial vehicles before they turn 21, federal regulations prohibit those same drivers from crossing state lines until they turn 21. These restrictions bar a vital population of job seekers from interstate trucking, exacerbating the driver shortage as qualified candidates are lost to other industries. The DRIVE Safe Act would allow certified CDL holders already permitted to drive intrastate the opportunity to participate in a rigorous apprenticeship program designed to help them master interstate driving, while also promoting enhanced safety training for emerging members of the workforce.

Prices for U.S. benchmark oil futures settled with a gain Wednesday, at a nearly one-week high, after U.S. government data revealed the biggest weekly decline in U.S. crude supplies since January. Global benchmark Brent crude prices, however, finished lower as traders monitored comments from major oil producers gathering for the much-anticipated Organization of the Petroleum Exporting Countries meeting at the end of the week. The U.S. Energy Information Administration reported Wednesday that crude supplies dropped by 5.9 million barrels for the week ended June 15. Click Read More below for additional information.

In our modern world, eliminating plastics is inconceivable. Unfortunately, they do have disadvantages, including the formation of CO2 in both production and combustion, depletion of fossil feedstocks, and growth of landfills. In the journal Angewandte Chemie, Russian researchers introduce a new way forward, a polymer made entirely from biomass that can easily and inexpensively be used in 3D printing. Objects produced in this way are of high quality, easily recyclable, and highly solvent-resistant. Conventional “subtractive” processes involve cutting, sawing, turning, or milling, which results in a great deal of wasted material. In contrast, 3D printing processes are, in principle, waste-free, because they are “additive”: three-dimensional objects are produced in a layer-by-layer application of material. The most common technique is called fused deposition modeling (FDM). In this process, the raw material is squirted through a hot nozzle onto a mobile base and thereby liquefied (extrusion). The printer head produces the programmed form like in a conventional two-dimensional printing process, releasing small amounts of the polymer instead of ink. This is repeated for layer after layer until the desired three-dimensional object is complete. Yet, the polymers used until now have a number of disadvantages that limit their use. Some of the polymers are attacked by organic solvents. Those that withstand the solvents, on the other hand, adhere poorly and shrink on heating, allowing their layers to come apart and causing errors in the printing process. Click Read More below for additional information.