{"id":1647,"date":"2019-12-16T22:59:21","date_gmt":"2019-12-16T22:59:21","guid":{"rendered":"https:\/\/reddypipe.com\/?p=1647"},"modified":"2020-03-13T20:00:40","modified_gmt":"2020-03-13T20:00:40","slug":"oil-boom-and-bust","status":"publish","type":"post","link":"https:\/\/reddypipe.com\/oil-boom-and-bust\/","title":{"rendered":"Oil Boom And Bust"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1647\" class=\"elementor elementor-1647\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fbbcba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fbbcba\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2693ba3\" data-id=\"2693ba3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-124f71f elementor-widget elementor-widget-heading\" data-id=\"124f71f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">Increasing Supply\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1eb0014 elementor-widget elementor-widget-text-editor\" data-id=\"1eb0014\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The US shale revolution started in 2005 when introducing a new horizontal drilling technique called hydraulic fracturing (fracking). This paradigm shift helped improve US oil yields dramatically &#8211; 80%+, in fact, from 5 million barrels per day to over 9 million. This massive increase in supply capabilities must be well-planned to best balance with demand. Legislation also plays a key role in US companies ability and\/or desire to drill. Decreased regulation often is associated with periods of higher supply, and vice versa. Supply beyond demand results in lower market prices.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-114b3a6 elementor-widget elementor-widget-heading\" data-id=\"114b3a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-large\">Increasing Demand<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03e37f4 elementor-widget elementor-widget-text-editor\" data-id=\"03e37f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As nations like India and China develop, their increased populations creates heightened demand for cars, homes, and businesses and, therefore, increases demand for both oil and natural gas. Increased demand often results in higher market prices.<\/span><\/p><p><span style=\"font-weight: 400;\">War, along with various significant political actions, have historically caused large tremors in the oil market. Not only does operating a war create increased oil and gas demand (think of vehicles alone: trucks, tanks, airplanes etc.), but oil and gas are often tools by which nations make plays in war. Few countries, relative to the global population, control oil and gas supply and demand, and, therefore, market prices. Countries have historically manipulated supply to fight against their enemies objectives.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eebb23d elementor-widget elementor-widget-heading\" data-id=\"eebb23d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-large\">The Effect on Oklahoma<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4018ebc elementor-widget elementor-widget-text-editor\" data-id=\"4018ebc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Oklahoma sits atop fertile earth for oil and natural gas production. As booms progress, companies invest in production which has extremely positive effects on the Oklahoma economy: good are purchased (ex. drilling rigs), labor is needed (increasing jobs and traffic into the State), and land value increases (title and leasing). This global market activity &#8211; driven by supply and demand &#8211; has tremendous impact on the national, state and local-level.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Increasing Supply The US shale revolution started in 2005 when introducing a new horizontal drilling technique called hydraulic fracturing (fracking). This paradigm shift helped improve US oil yields dramatically &#8211; 80%+, in fact, from 5 million barrels per day to over 9 million. This massive increase in supply capabilities must be well-planned to best balance [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil Boom And Bust - Reddy Pipe &amp; Supply<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Boom And Bust - Reddy Pipe &amp; Supply\" \/>\n<meta property=\"og:description\" content=\"Increasing Supply The US shale revolution started in 2005 when introducing a new horizontal drilling technique called hydraulic fracturing (fracking). 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