The Weak Tie Between Natural Gas and Oil Prices

Several recent studies establish that crude oil and natural gas prices are cointegrated, so that changes in the price of oil appear to translate into changes in the price of natural gas. Yet at times in the past, and very powerfully in the last two years, many voices have noted that the two prices series appear to have "decoupled". We explore the apparent contradiction between these two views. Although we also find that the two series are cointegrated, recognition of the statistical fact of cointegration needs to be tempered with two additional points that we think have been insufficiently emphasized in the past literature. First, there is an enormous amount of unexplained volatility in natural gas prices at short horizons. Hence, any simple formulaic relationship between the price of oil and the price of natural gas will leave a large portion of the price of natural gas unexplained. Second, the cointegrating relationship does not appear to be stable through time. Natural gas prices may be tied to oil prices, but the relationship can shift dramatically over time. Therefore, although the two price series are cointegrated, the confidence intervals for both short and long time horizons are large.Massachusetts Institute of Technology. Center for Energy and Environmental Policy Researc

Normal-Pressure Tests of Circular Plates with Clamped Edges

A fixture is described for making normal-pressure tests of flat plates 5 inches in diameter in which particular care was taken to obtain rigid clamping at the edges. Results are given for 19 plates, ranging in thickness form 0.015 to 0.072 inch. The center deflections and the extreme-fiber stresses at low pressures were found to agree with theoretical values; the center deflections at high pressures were 4 to 12 percent greater than the theoretical values. Empirical curves are derived of the pressure for the beginning of the permanent set as a function of the dimensions of the plate and the tensile properties of the material

Experimental Study of Deformation and of Effective Width in Axially Loaded Sheet-stringer Panels

The deformation of two sheet-stringer panels subjected to end compression under carefully controlled end conditions was measured at a number of points and at a number of loads, most of which were above the load at which the sheet had begun to buckle. The two panels were identical except for the sheet, which was 0.70-inch 24st alclad for specimen 1 and 0.025-inch 24st aluminum alloy for specimen 6. A technique was developed for attaching Tuckerman optical strain gauges to the sheet without disturbing the strain distribution in the sheet by the method of attachment. This technique was used to explore the strain distribution in the sheet at various loads. The twisting and the bending of the stringers was measured by means of pointers attached to the stringers. The shape of the buckles in the sheet of specimen 6 was recorded at two loads by means of plaster casts. The sheet and the stringer loads at failure are compared with the corresponding loads for five similar panels tested at the Navy Model Basin. A detailed comparison is made between the measured deformation of the buckled sheet and the deformation calculated from approximate theories for the deformation in a rectangular sheet with freely supported edges buckling under end compression advanced by Timoshenko, Frankland, and Marguerre. The measured effective width for the specimens is compared with the effective width given by nine different relations for effective width as a function of the edge stress divided by the buckling stress of the sheet. The analysis of the measured stringer deformation is confined to an application of Southwell's method of plotting deformation against deformation over load. It was concluded that the stringer failure in both specimens were due to an instability in which the stringer was simultaneously twisted and bent as a column

Compressive Tests of a Monocoque Box

A monocoque box specimen of aluminum alloy was subjected to end compression and the strains in the stringers were measured up to loads at which permanent set became noticeable. The stringer strains at low loads agreed closely with those computed from the assumption of uniform stress distribution. Buckling of the 0.026-inch sheet between stringers and of the 0.075-inch shear web took place at stresses in accord with theoretical values. Permanent set became noticeable at a load of 115,200 pounds, corresponding to an average stringer stress of about 16,000 pounds per square inch. The measured average strain above the first buckling load was within 2 percent of the theoretical strain as calculated from the dimensions of the box and effective width formulas due to Marguerre and to Cox

Normal-Pressure Tests of Rectangular Plates

Report presents the results of normal-pressure tests made of 56 rectangular plates with clamped edges and of 5 plates with freely supported edges. Pressure was applied and the center deflection and the permanent set at the center were measured. For some of the plates, in addition, strains and contours were measured

Neurologic effects of exogenous saccharides: A review of controlled human, animal, and in vitro studies

Objectives: Current research efforts are centered on delineating the novel health benefits of naturally derived saccharides, including growing interest in their abilities to influence neurologic health. We performed a comprehensive review of the literature to consolidate all controlled studies assessing various roles of exogenous saccharide compounds and polysaccharide-rich extracts from plants, fungi, and other natural sources on brain function, with a significant focus on benefits derived from oral intake. Methods: Studies were identified by conducting electronic searches on PubMed and Google Scholar. Reference lists of articles were also reviewed for additional relevant studies. Only articles published in English were included in this review. Results: Six randomized, double-blind, placebo-controlled clinical studies were identified in which consumption of a blend of plant-derived polysaccharides showed positive effects on cognitive function and mood in healthy adults. A separate controlled clinical study observed improvements in well-being with ingestion of a yeast beta-glucan. Numerous animal and in vitro studies have demonstrated the ability of individual saccharide compounds and polysaccharide-rich extracts to modify behavior, enhance synaptic plasticity, and provide neuroprotective effects. Discussion: Although the mechanisms by which exogenous saccharides can influence brain function are not well understood at this time, the literature suggests that certain naturally occurring compounds and polysaccharide-rich extracts show promise, when taken orally, in supporting neurologic health and function. Additional well-controlled clinical studies on larger populations are necessary, however, before specific recommendations can be made