by Paul Rone-Clarke | Dec 12, 2016 | News, oil drilling
From a business perspective, the rise in oil costs will be felt across several aspects. The rise will not affect consumers until the driving season starts again, in the spring and summer months. This increase in usage will be combined with a decrease in the...
by Paul Rone-Clarke | Oct 8, 2016 | News, oil drilling
The situation regarding the cost of oil and its impact on world economies there is depending on who you speak to. Economists seem to be cautious, claiming that new oil fields predicted to begin production in the next two years could exacerbate an already overflowing...
by Paul Rone-Clarke | Sep 5, 2016 | News
Any major change in the price of oil will have a significant effect on the world economy. The recent drop in oil prices from over $100 in mid 2014 to less than $50 in recent times has affected the trade balances of major oil producers and consumers. While the oil... by Paul Rone-Clarke | Aug 3, 2016 | oil drilling
Once one of the most profitable businesses has now decayed into a graveyard of retired oil rigs, with companies having to decommission more than two thirds of their rigs. This devastating fact is due to the constant fall in price of an internationally trading barrel...
by Paul Rone-Clarke | Jun 21, 2016 | News, Springs
It is natural for businesses would want to increase production by improving the rate and efficiency at which their machines work. Although speed alone might increase production, it has proven to be expensive int he long run due to damage to the products and the...
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