Drilling Rig Equipment and Repair Companies are Vital to the Oil Industry
Posted on 14. Jan, 2010 by Goode Fellow in Local, Oil Industry, Oil and Gas
Oil Field Equipment Repair Shop
Oil Field Equipment Repair Shop
What a good oil field repair shop should offer
In order to perform repair without costly delays, an oil drilling rig maintenance facility such as Miller Oil Field Equipment and Repair should have an on-site mechanic shop with sufficient storage space for most common oil rig repair parts like bearings, oil seals, and mud pumps. With a good 45,000 sq ft of warehouse space and an overhead boom – this is one facility that will meet your drilling rig maintenance needs expeditiously.
“Made is USA” is proudly added to anything manufactured by “Weldbend”, the industry’s leader in welding fittings and flanges. Not only do they make world renown quality products – they support the American Workforce by conforming to the Buy American Act.
A valve that was purposefully created with mud in mind and that has proven more durable than other brands are gate valves and shear replacement valves manufactured by DEMCO and OTECO.
If your oil rig repair shop is equipped well it will also carry most common engine parts, OFI mud testing equipment (mud scales, vis cups and funnels), swivel joints, mud pumps, and general rig supplies like hand cleaner, rig wash, scrub brushes, hand tools and cleaning equipment.
If Miller Equipment and Repair serves are an example for time and money saving oil rig repair, their effectiveness is created by combining large storage for all common repair parts, including room for a workshop, and the expertise of an qualified work crew.
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Using A Trade Show To Increase Business
Posted on 12. Jan, 2010 by Alex Hochman in Finance
Most businesses owners are unaware that trade shows can potentially increase their sales. Especially those businesses that have had their sales go down due to the recession. Here are some helpful tips to set up your trade show and promote your business.
Trade Show Display Booth
The first impact you will need is to make sure you have a good trade show display booth. That will be the heart of your promotion. What is meant is that? Even if you go to trade shows but you do not have a good promotion and a good booth then people may not notice you. For your business to grow and increase sales at trade shows, you need a professional look.
Trade Show Pop-Up Displays
Next, you need to go the extra mile and use trade show pop up displays. This will be a little different than your usual display booth. But the key to increasing your business in trade shows is by attracting a lot of people to come to your booth. You can attract more people to your booth if you can give them something new and different to catch their eye.
Trade Show Banner Stands
Finally you will need some trade show banner stands. A good trade show is filled with people browsing around. The secret to attracting them to your booth is by catching their attention – even from across the room. You will do just that if you produce a banner that can arouse their curiosity. If you do it right it can attract people to come by your set up from far away who might never have noticed you.
Finding Ideas To Earn Extra Income:Calling All Shoppers, Crafters And Techies
Posted on 05. Jan, 2010 by John Farcikan in Finance
Are you a relaxed shopper? If so, mystery shopping may be for you. I find mystery shopping to be a rewarding activity. I look on it as a chance to give praise to retail workers. Look on line under “Mystery Shopping” for a deluge of information on the subject. The online application is simple and secure. You do not need to pay anything to get started mystery shopping. However you will need two thermometers and a timer to complete a Starbucks assignment. If you have a Paypal account it will help you get paid promptly for mystery shopping. This is one of the most successful ideas to earn extra cash that I have personally tried.
Each company has its own rules. Some ask you to do a little test. This is to determine if you understand what criteria they want you to assess. Most companies pay automatically once a month. It is an easy money maker for those who like to shop. When you come home from your shopping assignment, you enter your results online and that’s it.
Do You Like To Make Crafts?
If you make crafts that people comment on favorably, why not make enough of them to have your own table at the next swap meet? People will pay for a well made, unique craft item. The same goes for luxury food items like fudge and chocolates. This is one of the best ideas to earn extra income. Have a flyer on your flea market table. Outline your product line. Blow your own horn! If people like your creations, word of mouth will have you making items for special orders. I always make a few dollars this way around Christmas time.
How are Your Computer Skills?
You probably never stop to think how expert you are becoming with your computer. One of the most overlooked ideas to earn extra income is that of computer coach. Are you are willing to sit and explain all kinds of basic computer procedures to people who need help? If so, make sure everyone knows that you are available for this kind of work. You could even run a small ad in your local paper. Chances are you will be busy all the time.
I hope you will make out a list of your strengths. Then you may want to try some of these ideas to earn extra income. Most people sell themselves short. Everyone has something to contribute.
How Has the Recession Impacted the Oil Industry?
Posted on 04. Jan, 2010 by Jaron Miller in Business, Economics, Oil Industry
Oklahoma Oil Well
The Oil Industry takes the Heat
A call for change in the oil industry has been resounded loudly across the nation and the halls of Congress: “We need to create renewable energy to replace oil”, “we need more wind & solar energy”, “we must become independent of foreign oil”.
Did you know that less than half of every barrel of crude oil is turned into gasoline? The rest is used to make over 6000 other products that we use everyday. The following is a small list of some of the most common uses for petroleum products: Small list of petroleum products. How many can you think of?
Impact of Oil Industry on our Society
When we look at the impact of how the recession has affected the oil industry, we have to look at all the industries that the oil industry affects. When you read in your local news papers or listen on the radio that consumers have bought fewer disposable items this year, or just fewer products as gifts this year, like: basketballs, footballs, fishing rods and lipstick – those sales are affecting the oil industry and the millions of people who are employed by the selling of products that are made from petroleum based products. If CD Player sales are down – so is oil production – so is labor to make CD Players, and perhaps somebody was layed off this year because CD Player production was down.
As in any recession, not any one facet can be seem independently from another. How, one might ask, can the loss of sales in the winter sport industry possibly have negative consequences for the oil industry? Think about it: Skis are made from oil based raw material. Fewer skis are purchased, because not as many people can afford their winter vacation. Not only are those at the manufacturing plant affected, but so are, once again, the sales clerk in the sport article industry; and really anybody to do with winter sports: the hotel concierge, the snow plow driver, the laundry service providing clean linen for hotel guests. Fewer customers all around equate to reduced purchasing power all the way around, coupled with unemployment mixes into an almost disastrous cocktail to deepen the recession.
When one product changes the fabric of society
Oil has been around for a long time and will continue to play an integral part of our future. No matter how much there needs to be change, change will not happen overnight. There is no quick fix to reduce our dependence on oil; it is too ingrained in our every day lives. Perhaps within 50 years we will see new products and technology that will help us replace all of the other consumables that we use that are made out of petroleum. The recession has changed the way we purchase products and the amount of products that we consume, but they are all tied together. One area touches another.
Until that day arrives, one company, Miller Oil Field Equipment and Repair, is striving to do their part in helping the oil field industry. They believe if they can help domestic oil rigs and oil drilling equipment run as smoothly and efficiently as possible they will produce more domestic oil and support American jobs and build the U.S. economy.
Are All Companies Affected by the Recession?
Posted on 01. Jan, 2010 by Editor in Economics, Finance
The following article is reprinted with permission:
“What Companies Are Least Affected by the Recession?
Author: Joseph Shalaby
The recession creates a huge impact on many companies from all sectors of the business world. Each week brings news of banks capsizing, companies closing their doors, major retailers downsizing the number of their locations, and more. It’s a cause-and-effect scenario that has people spending less money as they either scramble to create a savings account, pay off escalating debt, or meet the ever-rising cost of daily living. In turn, businesses and companies around the world begin to slump as sales falter.
While it is certainly true that many companies are struggling to stay vibrant or even just to make ends meet, there are those companies and businesses that seem to be holding their own. In fact, some of these companies are even experiencing an upswing in sales as they pick up new customers.
Companies that Sell Basic Necessities Survive a Recession
In particular, companies that manufacturer the basic necessities of life are least affected by the recession. People still need to eat, wash their laundry, clean their homes, practice personal hygiene, and feed their pets. Discount giants such as BJs, Costco, and Aldi continue to open their doors week after week as consumers arrive to purchase necessities and simple pleasures. Discount stores such as Walmart, Kmart, Kohls, Target, and discount pet stores continue to sell to loyal customers as well as new ones looking for less expensive goods than they are used to buying.
Company health care giants such as Johnson & Johnson continue to see profits despite the economic downturn. Likewise, companies producing articles for daily use such as Procter & Gamble and Kraft Foods also carry on without experiencing too much of a pinch in their sales quotas. Fast food restaurants also continue to hold strong ground against the effects of the recession as more and more people opt for a less expensive meal out.
Companies that Sell Simple Pleasures Survive a Recession
Discretionary types of spending that are the first to be given up include expensive meals or nights out on the town. In turn, the alternatives that people select to replace these activities are going to experience a surge of increased consumerism. So, as more and more people stay home to save on gas while avoiding big ticket expenses, companies selling computer hardware and peripherals, basic needs, and simple pleasures are holding their own.
Companies selling the simple pleasures in life, also referred to as guilty pleasures or sin stocks, will continue to do well as many consumers attempt to keep their spending habits under control with small indulgences. These simple pleasures include such items as gourmet chocolates, beer, alcohol, cigarettes, DVDs, CDs, and video games.
Since parents aim to keep their children happy, even in times of economic trouble, toys will continue to be another big seller. In fact, the Toy Industry states that toy companies tend to maintain their profitability during a recession, although there will be a few fallouts as not every company within an industry is going to survive. In general, the flexibility to change with the times and produce affordable toys to meet the needs of both parents and children alike helps toy companies to hang in there.
Joseph Shalaby is a leading expert in loan modifications and loss mitigation and is a Mortgage Broker in Southern California with nearly 10 years of expertise in the real estate industry. He works with the American Law Firm who is one of the largest loss mitigation law firms on the western side of the United States. American Law Firm is a prominent authority on mortgage crisis resolution, including: Loan Modifications.
Article Source: ArticlesBase.com – What Companies Are Least Affected by the Recession?”
Disclaimer: CIDANews.com does not endorse any author, website, or product mentioned in any articles not written by the CIDANews.com editorial staff. All articles published by CIDANews.com is not meant to be used for legal, medical, or any other type of advice.
All articles published by CIDANews.com and its partners are for informational purposes only.
Demand for Silver Causes Problems for Collectors
Posted on 01. Jan, 2010 by Dylan Chase in Coin Collectors, Finance
The collector coins are sold directly by the United States Mint. Recent offerings have consisted of a proof version of the coin, which features frosted raised elements and mirrored background elements to produce a cameo effect. These high quality strikes are sold at a premium price. A second offering is the collectible uncirculated coin. These are struck on specially burnished blanks and carry a “W” mint mark to signify mintage at West Point.
The United States Mint has often cited their legal requirements to produce the bullion coins in quantities which will fulfill the full demand of the public. They have also noted the fact that they are under no legal obligation to produce coins for collectors. As a result, in times of limited precious metals supply, the US Mint has focused their production solely on the bullion version of the coin.
An official announcement was made in October 2009 that the US Mint would not be producing the collector versions of the American Silver Eagle for 2009. The reason cited was the legal obligations which favor the production of bullion coins. The US Mint announced that they were working to secure greater supplies of precious metals in the future, so that hopefully production of collector coins could resume.
Recently, the American Silver Eagle bullion coins were suspended after the US Mint’s inventory became depleted. The coins were offered a week later, but under a rationing program. This program limits the number of coins that authorized purchasers can order. Since the US Mint is not fulfilling the full public demand the status of the 2010 collectible versions is one again in question.
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CIDANews.com does not endorse any author, website, or product mentioned in any articles not written by the CIDANews.com editorial staff. All articles published by CIDANews.com are not meant to be used for legal, medical, or any other type of advice.
All articles published by CIDANews.com and its partners are for informational purposes only.
Investor Finder Consultants: The Easiest Way For Raising Capital
Posted on 30. Dec, 2009 by James Scott in Finance
How to find cash fast – the “Yellow Pages” for investors
If you own a company that is trying to raise capital in the current economic conditions, you’ve undoubtedly been challenged by the limited funds available. Investors are more difficult to find, and the individuals that are actually willing to part with their cash are even tougher to find. You’ve talked to friends, family members, your CPA and your attorney, but trying to get them to invest is just not happening.
When consulting an investor finder, keep in mind that they are usually not a licensed securities broker or attorney. Instead, they are traditionally consultants helping to make investment banking easier. Since they are not licensed, they do not accept equity payments or percentages; instead they work on a flat fee basis.
A good consultant in this genre can bring in 30 to 70 real investors per day. It is then up to the client to sell the opportunity. A typical lead from an investor finder will be an investor or investment firm that is responding to an email or snail mail mailing the consultant sent to introduce this particular investment opportunity. If they are interested they might call into a phone room to be screened and qualified, or they may contact the client directly.
Many times the investor doesn’t know that they are part of the “finder’s” database but do recall signing up to receive investment opportunity updates, so either way, the investor is solid and active.
If you are trying to raise capital and need real results quickly, seeking out a qualified Investor Finder consultant can make your fund-raising efforts fast and easy.
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Contributing Author:
Take Your Company Public the easy way!
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Crude Oil Prices Rollercoaster Ride
Posted on 04. Dec, 2009 by Simon Banks in Oil Industry
Oklahoma Oil
“On the New York Mercantile Exchange, light, sweet crude prices lost $1.17 to $76.72 per barrel. Heating oil prices lost 0.0244 cents to $2.0386 per gallon. Reformulated gasoline prices dropped 0.0241 cents to $1.9989 per gallon. Natural gas prices shed 0.137 cents to $4.55 per million British thermal units.” UPI.com
After late trading light, sweet crude settled at $76.30 per barrel.
Some experts believe that cheap oil is here to stay. Who are these experts that are trying to convince the American population that $76 or $77 per barrel is cheap oil. The average price per gallon at the pumps is $2.629 and in Oklahoma the average price per gallon is $2.478 with prices as low as $2.37.
If you believe what staff writers are writing then it will become easy to get comfortable with $76 per barrel and the average price per gallon at the pumps of $2.50. However, don’t let that become the norm – or the average. Think of it as still “way to high” and then you will continue to do things to conserve and utilize less oil.
The only way for crude oil prices to come down and stay down is for people to make a dramatic shift in their oil and energy usage and put the pressure on the large oil companies. Prices are not going to come down because Exxon, or BP are making better energy alternatives. That is like putting the fox in charge of the hen house.
What will help keep oil prices low?
If Americans continue to make a conscious effort to get involved, work toward conservation and assist programs developing alternative energy – the that will be the first step in reducing our dependence on foreign oil. By beginning with the simple things, the message to big oil companies will be clear – that their oil is not the only source of energy – and Americans are not going to buy into the oil shortage game anymore.
Related Articles:
There Is No Gas Shortage – Business Week
Oil shortage or surplus? It depends on type of crude – Energy Bulletin
Business Strategies for a Challenging Economy
Posted on 08. Sep, 2009 by Simon Banks in Business Tips, Feature
Business Strategies & Consulting - A Steady Sail in a Tough Economy
We at CIDA News recently spoke with Justin DeStoppelaire, a Business Analysis Consultant, who offers helpful insight of how to not get “busted by panic” in the current economic situation. His fierce credo is to not only offer one-time solutions to his clients, but to empower them to become solution makers themselves.
- EXPERT: One who has expertise in a particular field and typically ’sells and tells.’ They sell a packaged methodology and then tell you what to do with it. This method is the most commonly understood and, in many, cases the least effective. That’s especially true in this fluid, even volatile, beginning of the 21st century.
- DOCTOR: One who analyzes your company, then prescribes what you should do.
- PROCESS CONSULTANT: This class of consultant is more interactive with the client, working to discover both the pain and the solution together. This has the result of empowering the client to better solve future problems, without the need to always seek outside counsel. The focus of the Process Consultant is on both the business and person, or people, as they interact and integrate with the whole, rather than looking at each separately from the whole.”
Chances are, we have all bought from the expert – which can be a time and money saving viable solution, just as long as we know where exactly the problem is! While we would like to call him an expert in his field, Justin, however, puts himself into the third category, the one of process consultant. His aim is to offer solutions for those who have realized there are problems but have been unable to pinpoint their source. Oftentimes, he mentions, a person with great formal training in their respective field will unknowingly create a mental roadblock for themselves they cannot overcome, and thus becomes unable to move forward. Justin’s personal forte, proven by happy clients from various business backgrounds over the last 15 years, is to be able to view a business entity as a whole and see where things don’t fit or match. He then applies his artistic creativity to offer individualized solutions to get a business back on track.
Just as a kinesthetic learner will not profit from a written manual the same way a visual learner would, Justin points out that “what worked perfectly for the last client may not work at all for you.”
“Each client is different and responds different to mechanisms used to solve any problem. Rather than branding a particular system, we actually brand a particular train of thought:
Evaluate, Research, Discover, Implement.
- Evaluate the situation; look at all the variables.
- Research potential, available solutions; we use not only our own core modules, but all modules, systems, tests, etc. that are available. This pushes us to continue to study, learn, and implement new ways of solving problems.
- Discover what will work best in this-[your]-situation.
- Implement the solution. This, most often, means helping the client through the process. Any new process involves receiving new knowledge; understanding how to use that knowledge will inevitably bring one to that moment when, he is in a real life situation when the opportunity comes to implement the paradigm shift, and-Oh, boy!-one can get stuck. This is where the real learning happens and when champions are made. We will be there.”
For more information on how to run a business in a tough economy guided by hope and not propelled by panic, visit Cserviceconsulting.com or email Justin directly cscinfo@cserviceconsulting.com.
You also might want to check out how to attract new customers without straining your budget:
5 Low-Cost Ways to Get New Customers in 2009.
AIG – How Much More Can $30 Billion Buy?
Posted on 03. Mar, 2009 by Simon Banks in Business, Finance
U.S. to Take Over AIG in $85 Billion Bailout; Central Banks Inject Cash as Credit Dries Up
Emergency Loan Effectively Gives Government Control of Insurer; Historic Move Would Cap 10 Days That Reshaped U.S. Finance
September 16, 2008 — Wall Street Journal: by Matthew Karnitshnig, Deborah Solomon, Liam Pleven and Jon E. Hilsenrath; U.S. to Take Over AIG in $85 Billion Bailout
“U.S. government will effectively get a 79.9% equity stake in the insurer… –WSJ.com”. For $85 billion dollars, the U.S. government controlled 79.9% of AIG. The loan was secured by AIG’s assets and “taxpayers could reap a big profit through the government’s equity stake”.
The article, like many other articles about AIG and the process of what the government was going to get from its infusion of capital, etc… talks in circles – and by the time anyone is finished reading it, is totally confused as to what really happened.
Correct me if I am wrong as I break down the following chronology:
- Sept. 16, 2008: U.S. government takes over 79.9% of AIG with an $85 billion dollar investment.
This investment is suppose to be secured by AIG’s assets - Immediately AIG begins selling some of its assets
Now – my question is: what do we have to secure the loans with? - Oct. 8th, 2008: Less than thirty days – AIG get an additional $37 billion — U.S. government did not receive additional percentage of the company
- Nov. 9, 2008: Just thirty day later this investment gets $152 billion dollars more and AIG management gets a $500,000 vacation, compliments of the United States Tax Payer. Still no more stake in equity and now there are less assets to attach loan to.
- March 2, 2009: AIG seeking an additional $30 billion – “for addressing AIG’s financial challenges…“
Private sector investors won’t touch this. If banks would have made those kinds of loans they would end up going under for bad credit lending. Oh, I’m sorry – that is what happened to the banks. AIG would have been better off going to the chopping block in the beginning and other companies would have bought them up in pieces.
Why don’t they want to do that? Because they think the U.S. government owes them a living and should pay more for their assets than they are worth.
The same thing is happening with the banks right now and bad stocks. Everyone seems to want to sell to the U.S. Government at a higher price than what they are currently worth. That is bad business. And then these failing companies say: “Well, we just won’t sell”. Great! If you feel you don’t have to sell – in reality, the U.S. Taxpayer does NOT have to buy.
If Warren Buffett bought companies the way the U.S. Government is buying into companies with bailout money – Warren Buffett would be penniless and probably living in the streets. But Warren Buffett knows when to buy and when to not buy – he knows when to sell and get out as well. He also knows that if he owns a controling share in a company and that company is not making money, there are immediate managerial changes. You don’t keep dead weight and you don’t keep “but that is the way we always did it” people.
How many more billions have to be thrown down the drain before someone admits that trying to save AIG was a mistake? Or is it once again the issue of government pride that says: “Well, we have invested this much into it – we might as well keep going – we can’t admit we were wrong”. Besides, that is less than George Bush spent every month on the U.S. war in Iraq. So what is another month of (dead) loans to AIG.
It is time for Americans to lift up their voices and take action. If any private citizen went to the U.S. Government with the types of business plans that AIG, The Big Three, and the failing banks have right now – we would be turned down flat. If you went to a bank for a business loan with as much debt as the banks have while asking for bailout money, you would be laughed out of the bank.
The U.S. Government has currently spent over $9 Trillion dollars in bailout money without much effect. That much additional buying power in the economy without helping it seems ludicrous to say the least. So what really is the problem? If the U.S. government gave each working person in the United States $50,000 – it would have saved the government almost $2 trillion dollars so far. That money wouldn’t have helped save some mortgages? That amount of money wouldn’t have helped save some businesses? That money wouldn’t have increased buying power in the economy and thus saved a lot of production, manufacturing, etc… How many automobiles could have been bought with $50,000?
What is the final solution? That question may still yet be decided. It certainly doesn’t seen to be sinking more money into worthless investments. Perhaps we need to consult with someone like Warren Buffett.
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