Dropping Oil Prices Impact Economies Around the World

Dropping Oil Prices Impact Economies Around the World

Dropping Oil Prices Impact Economies Around the World The future of the global oil industry is increasingly uncertain. As oil prices fall to their lowest point in 17 years, global economies aren’t reacting as they would under different circumstances. The societal and economic impact of the coronavirus has changed the…

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Megan R. Nichols is a technical writer who regularly contributes to sites like American Machinist and Manufacturing tomorrow. She also publishes easy to understand manufacturing and engineering articles on her blog, Schooled By Science. Keep up with Megan by subscribing to her blog or following her on Twitter.

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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