We have seen many economic changes over the course of the past year. Global recession and a need for conservation have been by-words. The price of oil has fluctuated dramatically and finally settled in the mid $70's per/barrel.
A Time for Change in Energy
Change the oil industry and all our problems will be solved was the battle cry across the nation and in government. We need new renewable, national energy alternatives to replace the high price of foreign oil.
Each call for change is a good thing. However, the call for change of drilling and pumping and processing crude all doesn't always take into account all the other products that are created from our use of petroleum. We need to understand that oil based products are entrenched in the core of our society. Products like: golf balls, make-up,deoderant, lipstick, DVD's, HDTV's, even toilet seats, and thousands of other products including artificial limbs.
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
There are many different ways the oil industry has been hit by the recession, and many of them one might not readily recognize. Did you know how many consumer products are actually manufactured from oil based products? Take tooth paste, soaps, lipstick, sports articles and many textile fabrics, just to mention a few. So if fewer sports articles are sold, the demand for production will diminish, which in turn affects how many people are employed both in production and retail. While a retail sales clerk at a sports store may not seem directly impacted by the recession in the oil industry, he in fact may just have lost his job because of it.
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.
How one product can make a difference
It is hard to believe that one product can be so firmly entrenched in the fabric of our economy. No matter how much there needs to be change - it will not happen overnight. Our dependence on oil based products runs too deep. So when we look at what needs to be down to create change, we must look at all the areas that will also need to change, and all the products that will have to be made with alternative solutions. Perhaps that fact alone will create the new job market that will be needed to make it a reality.
"Miller Oil Field Equipment and Repair" is doing their part in helping the oil field industry keep prices down so that more consumable goods can be produced. By keeping domestic oil rigs and oil field equipment running at peak performance, they help keep the cost of maintenance and repair down and help support American jobs. - 31384
A Time for Change in Energy
Change the oil industry and all our problems will be solved was the battle cry across the nation and in government. We need new renewable, national energy alternatives to replace the high price of foreign oil.
Each call for change is a good thing. However, the call for change of drilling and pumping and processing crude all doesn't always take into account all the other products that are created from our use of petroleum. We need to understand that oil based products are entrenched in the core of our society. Products like: golf balls, make-up,deoderant, lipstick, DVD's, HDTV's, even toilet seats, and thousands of other products including artificial limbs.
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
There are many different ways the oil industry has been hit by the recession, and many of them one might not readily recognize. Did you know how many consumer products are actually manufactured from oil based products? Take tooth paste, soaps, lipstick, sports articles and many textile fabrics, just to mention a few. So if fewer sports articles are sold, the demand for production will diminish, which in turn affects how many people are employed both in production and retail. While a retail sales clerk at a sports store may not seem directly impacted by the recession in the oil industry, he in fact may just have lost his job because of it.
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.
How one product can make a difference
It is hard to believe that one product can be so firmly entrenched in the fabric of our economy. No matter how much there needs to be change - it will not happen overnight. Our dependence on oil based products runs too deep. So when we look at what needs to be down to create change, we must look at all the areas that will also need to change, and all the products that will have to be made with alternative solutions. Perhaps that fact alone will create the new job market that will be needed to make it a reality.
"Miller Oil Field Equipment and Repair" is doing their part in helping the oil field industry keep prices down so that more consumable goods can be produced. By keeping domestic oil rigs and oil field equipment running at peak performance, they help keep the cost of maintenance and repair down and help support American jobs. - 31384
About the Author:
Resources: If you would like to know more about the oil field industry, you can read more articles by Jaron Miller of Miller Oil Field Equipment and Repair. They have over 3000 products available to service you.
