Electric heating uses relatively inexpensive tools to directly convert electrical energy into heat energy with a conversion efficiency of roughly 100%. Applications that are frequently used include industrial processes, cooking, water heating, and space heating. An electrical appliance that transforms an electric current into heat is called an electric heater. Every electric heater contains a heating element that is an electrical resistor and operates on the principle of Joule heating. When an electric current flows through a resistor, the electrical energy is transformed into heat energy. The active element in most contemporary electric heaters is nichrome wire; the heating element shown on the right is nichrome wire supported by ceramic insulators.
Oil prices rose above $75 in international markets on Friday, boosted by signs of a strengthening US economy and a sharp drop in inventories ahead of further supply cuts from Saudi Arabia. On the London market, the price of a barrel for delivery in September was 82 cents higher in the afternoon than at the close of trading yesterday and amounted to $75.33. Barrels for August delivery traded 52 cents higher at $74.86. On the American market, the price of a barrel increased by 86 cents, to 70.72 dollars. Traders were encouraged by slightly increased estimates of US economic growth in the first quarter and a sharp fall in inventories last week, by as much as 9.6 million barrels. The US economy grew by 1.8% in the first quarter, according to the Commerce Department, compared to the same period last year, 0.2 percentage points stronger than previous estimates showed. At the end of 2022, it increased by 0.9 percent. Prices were also supported by Saudi Arabia's an...
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