The crisis in Iraq has naturally thrust oil back in the headlines and it is not hard to see why. Of the twelve OPEC members that we rely on for oil, eight of them are in decline, which means that they are producing less oil than in previous years. According to Market Watch, only Iraq has … Continued
The oil industry has always had a heavy emphasis on the safety of their employees. In fact, one of the primary reasons that oil fields are often not eager to take on new technology is because oil companies would prefer to remain with tested equipment that has proven to be safe over years or even … Continued
If you are contemplating beginning an oil career, you may be feeling discouraged by the current administration’s attempts to severely curtain domestic oil production. Fortunately, the demand for oil isn’t going to go away anytime soon, and ambitious people can usually find oil field work, even with very little experience. Before you start, though, you’ve … Continued
The oil and gas industry has been embracing many advanced digital technologies. Historically, the oil and gas industry has not changed significantly in terms of equipment, data collection and projections; the equipment that is presently in use has been proven to be successful over many decades and there is so much invested within the oil … Continued
Google Glass isn’t only designed for the consumers, but for designers, engineers and other professionals. Recently released into open beta, Google Glass is a unique new technology that constructs an overlay on reality through a small screen that is positioned just above the user’s eye. The device is also able to take pictures and video … Continued
The United States consumes crude oil at a per capita rate higher than anywhere in the world, yet citizens against offshore drilling are afraid of the potential for an environmental disaster. Rather than lessen our reliance on foreign oil, they would prefer to pay high oil prices and be at the mercy of oil exporters. … Continued
The U.S. uses about two-third’s of the global oil production. While it does handle a large share of providing the world’s oil, a concern for the U.S. is that the primary location for global oil production is in the Middle East, which has a history of political conflict. Tying the security of the U.S. energy … Continued
Many critics and experts have an opinion regarding whether Peak Oil is impending, the term for the event when oil energy consumption exceeds the amount extracted from the earth’s natural reserves. But not even the International Energy Agency (IEA), the world’s central agency that handles petroleum supply intelligence knows when, or even if, Peak Oil will … Continued
With our country’s need for energy and desire to reduce our dependence on foreign oil, Americans are turning to local oil fields. Despite the current administration’s attempts at curtailing oil drilling, more people are going where the oil and the jobs are. These new fields are creating boomtowns where we’re seeing small towns grow and … Continued
Given the volatility of the current political market, it should come as no surprise that 2014 brings hot button issues that could pose risks to the oil industry. Being aware of these political happenings now can help you keep them on your radar so they do not catch you by surprise. After all, the popular … Continued