Safety manufacturers and distributors have been targeting the oil and gas industry (as well as mining and alternative energy industries) as one of the strongest markets coming out of the Great Recession of 2008.
And with good reason. Worldwide oil consumption will increase by 1.3 million barrels per day (b/d) this year and by 1.5 million b/d in 2013, with the higher demand met by increased production both from the Organization of Petroleum Exporting Countries and from non-OPEC producers, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook.