Surprising Oil Industry Myths That People Still Believe Today

The oil industry is both old and massive. Oil itself has been described as the mother of all products. Almost everything people see and use today has some oil footprint. Meanwhile, a lot of information on the product and the industry has been going around the internet. Some are true and some are false. Here are some of the myths that people have to stop believing in:

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Oil companies and stratospheric profits

With oil prices rising, and with just about everyone using and everything being made of oil, it’s easy to believe that oil companies are making a killing. This isn’t true. Taxes are pretty steep for oil companies, and eat into a huge chunk of the profits.

People and gas-powered vehicles

Because of soaring gas prices, a lot of individuals are choosing to believe that everyone no longer wants a car. This is false. Most people still prefer gas-powered cars. However, the number of environmentally-conscious car owners are opting for electric vehicles.

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The dangers of fracking

Just how dangerous is fracking?  It’s probably as dangerous as any industrial process.  But with safety measures being implemented, the amount of casualties should be kept to a minimum.  As for its environmental impact, though it does produce its own share of pollutants, fracking is not as harmful as many small environmental groups claim it to be.

Luis Manuel Ramirez has become an expert in operations and the resolution of manpower issues. Learn more about him and what he does by visiting this website.