Oil has today become one of the most essential and used commodity in this world. This grand energy is the lifeblood of our transportation and the economy of any state cannot survive without this precious commodity. Many commodities utilized today by people all over the world have been manufactured using oil as a raw material. The product has been proven to play crucial role in several industries or sectors of economy in the modern day world. The availability and easy exploration of oil and gas has turned the people to heavily rely on these two products.
Their exploration is considered capital intensive and only suitable for large corporations. Some individual investors are now venturing into this sector through various entry points. Some of such entry points include buying stocks in a company that is involved with gas exploration or buying fields known to be rich oil. The risks associated with such ventures are many but the return the venture promises is tempting.
To basically power ships, locomotives and trains, many barrels of these commodities have to be burnt each passing year. Some countries are generally using such products for their power generation. Politicians from many countries have severally raised the issue of global warming in different summits such as Montreal protocol summit but the head of states and other concerned authorities are doing so little to minimize the effect.
the product is known to have several advantages which include, high energy density which basically implies that very little quantities of oil or gas can be used to generate large amount or volumes of energy. There has been an increase in its preference among people since it is being used largely as fuel for automobiles. The other advantage associated with the commodity is its easy availability. Oil is today the most available commodity in the world.
There are several benefits associated with the commodity which include, firstly the product high energy density which can mean a small amount of gas can produce huge amounts of energy. The product has been mostly preferred by most population as it is widely used in automobiles. Secondly the product is generally available.
There are quite a number of benefits of using oil as a source of grand energy. The first and most common advantage it energy density which is known to be high. With it high density, only small proportions of gas is required to produce large volumes of energy. Most of the world population prefers the commodity because it is used to power automobile industry. The second benefit is the fact that the product is available.
The improved state of infrastructure has reduced the cost of oil transportation from the exploration sites to the market where the demand is. Some of the infrastructures put in place to ensure that transportation is streamlined is the usage of pipelines, trains, tankers and also ships. The production of this precious commodity and its refining has generally been made easy following the reduced cost of exploration.
It is quite simple to obtain its byproducts such as kerosene, petrol as well as diesel due to the improved technology and advanced machines used for refining. Major industries cannot today survive without oil. The commodity usage is not limited to transport sector only but it is largely applied in other sectors of the economy. Some of these sectors may include manufacturing of medicine, production of cloth and many other industries which utilizes oil as raw material.
When this substance is emitted into the environment it impacts negatively. Sequestered for several years from dead matter such as animal or plants, carbon dioxide is generated and generally released to surrounding environment. The process actually transfers carbon from beneath the earth crust to the environment above leading to what is called global warming. There have been several treaties entered by different countries and state to try and stop the emission of carbon but with little or no solid results to stop the vice.
The spills have resulted to massive water pollution posing danger to aquatic life and threatening the livelihood of fishermen. This is due to huge loss aquatic life each year leading to negative effects of local ecology. The third disadvantage is that emission of harmful toxic substances from gas plants like the sulphur dioxide cause health problems among population surrounding more so environmental problems like the acid rain. Modern technology has effectively helped to cut short emissions of these dangerous substances though they still pose danger to human life.
The next disadvantage increased level of water and also earth pollution. Many companies today are basically disposing their industrial waste products into water bodies leading to water pollution. The pollution is negatively affecting people who depend on fish and other aquatic animals for their source of livelihood. The can be used as a source of grand energy.
Their exploration is considered capital intensive and only suitable for large corporations. Some individual investors are now venturing into this sector through various entry points. Some of such entry points include buying stocks in a company that is involved with gas exploration or buying fields known to be rich oil. The risks associated with such ventures are many but the return the venture promises is tempting.
To basically power ships, locomotives and trains, many barrels of these commodities have to be burnt each passing year. Some countries are generally using such products for their power generation. Politicians from many countries have severally raised the issue of global warming in different summits such as Montreal protocol summit but the head of states and other concerned authorities are doing so little to minimize the effect.
the product is known to have several advantages which include, high energy density which basically implies that very little quantities of oil or gas can be used to generate large amount or volumes of energy. There has been an increase in its preference among people since it is being used largely as fuel for automobiles. The other advantage associated with the commodity is its easy availability. Oil is today the most available commodity in the world.
There are several benefits associated with the commodity which include, firstly the product high energy density which can mean a small amount of gas can produce huge amounts of energy. The product has been mostly preferred by most population as it is widely used in automobiles. Secondly the product is generally available.
There are quite a number of benefits of using oil as a source of grand energy. The first and most common advantage it energy density which is known to be high. With it high density, only small proportions of gas is required to produce large volumes of energy. Most of the world population prefers the commodity because it is used to power automobile industry. The second benefit is the fact that the product is available.
The improved state of infrastructure has reduced the cost of oil transportation from the exploration sites to the market where the demand is. Some of the infrastructures put in place to ensure that transportation is streamlined is the usage of pipelines, trains, tankers and also ships. The production of this precious commodity and its refining has generally been made easy following the reduced cost of exploration.
It is quite simple to obtain its byproducts such as kerosene, petrol as well as diesel due to the improved technology and advanced machines used for refining. Major industries cannot today survive without oil. The commodity usage is not limited to transport sector only but it is largely applied in other sectors of the economy. Some of these sectors may include manufacturing of medicine, production of cloth and many other industries which utilizes oil as raw material.
When this substance is emitted into the environment it impacts negatively. Sequestered for several years from dead matter such as animal or plants, carbon dioxide is generated and generally released to surrounding environment. The process actually transfers carbon from beneath the earth crust to the environment above leading to what is called global warming. There have been several treaties entered by different countries and state to try and stop the emission of carbon but with little or no solid results to stop the vice.
The spills have resulted to massive water pollution posing danger to aquatic life and threatening the livelihood of fishermen. This is due to huge loss aquatic life each year leading to negative effects of local ecology. The third disadvantage is that emission of harmful toxic substances from gas plants like the sulphur dioxide cause health problems among population surrounding more so environmental problems like the acid rain. Modern technology has effectively helped to cut short emissions of these dangerous substances though they still pose danger to human life.
The next disadvantage increased level of water and also earth pollution. Many companies today are basically disposing their industrial waste products into water bodies leading to water pollution. The pollution is negatively affecting people who depend on fish and other aquatic animals for their source of livelihood. The can be used as a source of grand energy.
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