) Sample list of Petroleum based products. Out of the 6000+ products out there - can you think of any more?

How the Recession has Affected the Oil Industry

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.

Petroleum products changed our society

Over the past one hundred and fifty years oil based products have become en-grained in every aspect of our society. It took time and tremendous advances in technology to get to that point, and it will take time and technology to make the paradigm shift. There are no quick fixes to reduce our dependence on oil. So in our call for change, we must look at all the other ways and products that will need to be changed as well. We have changed the way we purchase and the amount of products we purchase due to the recession, now we need to change the way we look at the oil industry in order to make it work. They are all intertwined!

"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.