The Current State of Oil Prices

Oil is in the news, and everyone is talking about the impact of lower oil prices on our economy in the USA as well as around the world. Within the past year, oil prices have been as high as $100 per barrel, but are now fluctuating to about $45 per barrel. That’s a significant drop in price, so it’s important to consider why that reduction has occurred and also learn where oil prices are going.


Lean Manufacturing Processes in the Oil and Gas Industry: What You Need to Know

lean manufacturing processes

The Industrial Revolution is largely viewed as taking place in the 18th and 19th centuries.  While it started in Britain in the late 1700s, it quickly spread into other areas of Europe and America as society transitioned from agrarian and rural to industrial and urban.

Over the next hundred years, inventors and engineers developed revolutionary products. Many of these products still impact us today:

  • the coffee pot (1806)
  • Robert Fulton's steamboat (1807)
  • the electromagnetic motor (1830)
  • the first power tools (1837)
  • the first oil well (1857)
  • the first oil pipeline (1864)

However, in the late 1890s, industrial engineers began considering questions about the combination of manufacturing processes and mass production. This is when the birth of lean manufacturing occurred.


News: Oil in California

When people think of California, many think of the famous Hollywood sign and others think of the rolling vineyards.  It would be surprising to know, that California ranks third to only Texas and Alaska in the production of oil in the United States Oil production in California started in 1865 and has only continued to grow.


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Global Elastomeric Products, Inc.

Main Phone: (661) 831-5380 
5551 District Blvd.
Bakersfield, CA 93313


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