If industry leaders are supposed to be the example for the rest of the field, then what is happening with oil sparks trouble – and a call for a more efficient approach to profits. Two recent reports throw shadows on the oil industry.

First, Exxon Mobile missed a big profit prediction – its first in over a decade.  Exxon took a $2 billion hit on Rocky Mountain gas, but it wasn’t the only one.  Rival Chevron Corp. also released disappointing numbers, and many analysts feel Royal Dutch Shell and BP are not far behind.  The result is depressed prices, thousands of job cuts and dried up cash flow.

At the same time, predictions that the oil industry has underestimated the global demand for electric vehicles has some predicting that renewable technology could put a serious halt in oil demand by as early as 2020.  Using current growth models, electric vehicle demand is on track to displace two million barrels of oil by the year 2025; as power and road transport account for approximately half of fossil fuel consumption, renewable tech can have a major impact on the oil industry.

Still, both examples indicate needs to evaluate not only the context of the marketplace for the oil industry, but to reassess how efficient all processes are – from drilling to pipeline to market.  This could mean making sure the equipment for gas-gas pipeline mixing is of the highest quality for uniform introduction of gas streams.  It could entail working with an expert to create a customized triple static mixer to solve problems of space and robust flow conditioning, a problem that used to mean serious space constraints and significant straight pipe lengths.

If it is time for a professional evaluation of your business practices, let the project managers at Komax offer a demonstration of services, an evaluation of your current needs or case studies for your industry to help you become the more efficient in an unpredictable field.