Posted on Wednesday, March 13th, 2013 | In Small & Micro Cap
Whenever the United States has been hit with a crisis, whether a war or industrial crisis, or even an economic crisis, it ultimately depends upon technology to turn things around. New ideas result in new technologies, which help win wars, jumpstart industries, and increase productivity and money flow. Such is the case with the oil industry crisis, when readily available American oil was being used up and the country was forced to turn increasingly to foreign suppliers. Peak U.S. oil production in the late 1960s and early 1970s led to a gradual and seemingly unstoppable decline lasting decades, with prices surging upward.
But then something happened. Money drives technology and oil’s high prices fueled major developments in both oil sourcing and oil production, opening up immense new opportunities for American oil. Techniques and equipment that didn’t exist before are now allowing companies to find and remove oil that was previously unavailable, turning the world oil picture on its head. Suddenly, U.S. oil production is growing again, and is expected to continue growing for years. It is even expected that the U.S. could eventually become the world’s largest oil producer, and perhaps a net exporter in the not too distant future.
And yet, without drilling support companies like HII Technologies, not a drop of American oil would flow. That’s because power and water and other services all need to be in place before drilling can even begin, and that’s exactly what HII Technologies has developed its reputation doing. With primary operations in Texas and Oklahoma, the company has shown that their oilfield technologies and services provide a key advantage to their many customers, solutions that include manufacturing, machining, field services, and proprietary industrial product lines.
HII Technologies is already benefitting from America’s oil revolution, and now has expansion plans in other active areas such as North Dakota and Utica shale play areas.
For additional information, visit www.HIITInc.com
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