Some of these product technologies like rod lift are seeing increasing demand due to the changing dynamics of the oil and gas production market.

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Although there have been rampant rumours that American oil firms are continuing to do business with Iran through middlemen and front companies, the firms are putting increasing pressure on Washington to lift the sanctions officially.

ECONOMIST: Iran

That is partly because of increasing vibration, but mainly because the spinning rotor blades provide both lift and propulsion.

ECONOMIST: Chop, chop

The company is focusing on increasing oil and natural gas production significantly by 2015 and also spent huge sums of money to lift natural-gas accessibility in comparison with diesel and gasoline in the U.S. transportation sector.

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