Crimson Oil

Consultant, Project Manager, and Small Business Owner in Indonesia

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Here are some surprising facts about the industry that might persuade you to think more about the quality of your supplies:

·There are enough oil reserves to meet around 53 years of global production. Fifty-three years may sound like a scarcely low number, but rest assured that we have much more "gas left in the tank." Over the past decade, global oil reserves have increased by a whopping 27 percent, and experienced pro-drilling efforts. The industry provides approximately 9.8 million U.S. jobs.

·This is equivalent to a sky-high 8% of the overall American economy, demonstrating how important it is to our development.

·Fracking is the future's path. Investing in the tools that will help your business grow for years to come and avoid being left behind is important. Ninety-five percent of new wells being drilled are hydraulically fractured, and since 2013 alone more than two million oil and gas wells have been fractured. The process is extremely cost-effective and the fracking technology is advancing at an exponential rate.