The oil industry is running out of workers, cash and equipment to produce more oil. Inflation is also hitting hard, raising prices for everything. Drillers face delays and high costs for roughnecks, steel and fracking pumps. Investors are wary of investing in the oil industry, leaving service companies short of capital and reluctant to invest in new fracking fleets and drilling rigs. Shortages of steel casing are causing production delays. Fracking sand, used to prop open fissures in oil-bearing rocks, is increasing in cost and in short supply. Daily rates for drilling rigs are as high as $30,000, almost double last year’s prices. MOSIMTEC develops digital twins and simulation models for oil/gas companies. For a chemical company, we simulated operations to support planning/construction of one of the world’s largest chemical plants in the Middle East. For a Canadian energy company, we simulated an oil/gas transload facility to improve efficiency and capacity. For a midstream oil and gas operator, we applied simulation to support understanding of the availability of multiple crude sources arriving through multiple connections on various pipelines and under various operational parameters. MOSIMTEC can help future-proof your business. #modelingandsimulation #digitaltwin #futureproofyourbusiness #oilindustry #inflation Read more :https://www.wsj.com/articles/in-the-top-u-s-oil-field-a-battle-for-materials-crimps-growth-11651089832