Today, there are only enough known oil reserves for approximately 53 more years of global production. You wouldn’t be able to tell by looking at the current cost though. The price of crude oil and gas has hit their lowest levels since 2009, according to the United Kingdom’s Financial Times. A piece that came out on August 31 details the pressure U.S. banks are...
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Today there are enough global oil reserves to continue production at the current pace for another 53.3 years. This is good news for the 9.8 million people currently working in the industry (8% of U.S. economy). Evolution will have to keep happening in the field for this to continue beyond that though. If you want to more accurately predict oil and gas industry trends, it’s...
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If you’re looking for the best oil drilling equipment — like high-quality roll off containers, drilling rig systems, or tanks and pumps — then you won’t regret buying American. In the past few decades, millions of U.S. manufacturing jobs have moved overseas, and those proud “Made in America” labels have become rarer and rarer with each passing year. And sometimes, it’s not always clear what...
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