Also note that now GE and Halliburton have entered this market in the past year 2011. And Russian esp manufacturers are also entering new markets, and this includes the USA such as Borets. It's an interesting business study also, as technology transfer takes affect around the world.The good news is that as of early 2012, we remain in a very strong secular business uptrend.
But how will the big companies react to margin compression should there be a downturn? Please continue to email your input, questions and comments. Background : Armais Arutunoff was born June 21, 1893 in Tiflis, Georgia - a town with a rich history dating back to the 5th Century, located in the Caucasus Mountains between the Caspian and Black Sea.
Born to an Armenian family, his father was a soap manufacturer, and his grandfather a fur trader.
Nonetheless, he managed to graduate from Middlebury College in 1823, after which he taught school in Peru, New York, where he studied for the Congregational ministry and, in 1826, married Mercy Ladd Merrill.
Called successively to pastor congregations in Vergennes and Brownington, Vermont, Twilight also became the headmaster of the Orleans County Grammar School.
Reputed to be the first African American in the United States to graduate from college, Alexander Twilight was born on a farm in Corinth, Vermont to a white or fair-skinned mother, Mary Twilight, and a mixed-race father, Ichabod Twilight, who had served as a private in the American Revolution.