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
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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How Has the Recession Impacted the Oil Industry?
How Has the Recession Impacted the Oil Industry?
Posted on 04. Jan, 2010 by Jaron Miller in Business, Economics, Oil Industry
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.
Crude Oil Prices Rollercoaster Ride
Posted on 04. Dec, 2009 by Simon Banks in Oil Industry
“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




