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.