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.
Gas or oil exploration is today considered one of the most profitable ventures with very high returns on their investment. The risk associated with investing in such sectors is quite high and many investors may not be willing to invest their money in such projects. Such ventures require big companies or individual who are filth rich and can accommodate any kind of risk. It is known that burning gas actually leads to global warming as well as green house effect but generally very little is been done to curb this menace.
The major cause of global deterioration or warming is burning gas which also may lead to green house effect. In the past years only few measures were taken to reduce the effect which led to further global warming. To actually operate ships, trains as well as locomotives, millions barrels of such a commodity needs to be burnt annually. Several countries today are basically utilizing oil to produce power for industrial and also domestic consumption.
Many politicians from various countries have in a number of times raised the global warming issue in various summits held but only little efforts and attention has been seen to be done.
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.
Gas is widely used by a number of large industries so making it a crucial product. The commodity is not only heavily used in transport sector but also other sector of the economy needs it. It is one of the major raw materials in the production of cloth, medicine and Vaseline. These commodities are also the major source of power. Power generated from such products has been found to be very reliable.
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.
Oil generally has the ability to produce energy throughout without failure unlike energy generated from other sources such as solar or wind energy. Many of mature technology today use oil to run engine. There are also some disadvantages which are associated with the product. These disadvantages are, first the green house gas emission. The production and usage of gas and gas product usually releases carbon dioxide.
The two commodities have the potential to probably generate enough power for a long period without any failures as compared to other sources of energy especially solar and not forgetting wind energy. Oil is mostly utilized today by many mature and advanced technologies for their engine operation. There are a few disadvantages of using the products as a source of energy. The obvious limitation is the gas emission from green houses.
The exploration and also utilization of oils as energy sources eventually lead to large volumes of carbon dioxide being released in the air. This results to air pollution and water pollution. Some of natural gas usage benefit include, the commodity usually burns clean as compared to cola hence less pollution. This natural product has seventy percent less carbon as compared to many of the fossil fuels.
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.
Gas or oil exploration is today considered one of the most profitable ventures with very high returns on their investment. The risk associated with investing in such sectors is quite high and many investors may not be willing to invest their money in such projects. Such ventures require big companies or individual who are filth rich and can accommodate any kind of risk. It is known that burning gas actually leads to global warming as well as green house effect but generally very little is been done to curb this menace.
The major cause of global deterioration or warming is burning gas which also may lead to green house effect. In the past years only few measures were taken to reduce the effect which led to further global warming. To actually operate ships, trains as well as locomotives, millions barrels of such a commodity needs to be burnt annually. Several countries today are basically utilizing oil to produce power for industrial and also domestic consumption.
Many politicians from various countries have in a number of times raised the global warming issue in various summits held but only little efforts and attention has been seen to be done.
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.
Gas is widely used by a number of large industries so making it a crucial product. The commodity is not only heavily used in transport sector but also other sector of the economy needs it. It is one of the major raw materials in the production of cloth, medicine and Vaseline. These commodities are also the major source of power. Power generated from such products has been found to be very reliable.
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.
Oil generally has the ability to produce energy throughout without failure unlike energy generated from other sources such as solar or wind energy. Many of mature technology today use oil to run engine. There are also some disadvantages which are associated with the product. These disadvantages are, first the green house gas emission. The production and usage of gas and gas product usually releases carbon dioxide.
The two commodities have the potential to probably generate enough power for a long period without any failures as compared to other sources of energy especially solar and not forgetting wind energy. Oil is mostly utilized today by many mature and advanced technologies for their engine operation. There are a few disadvantages of using the products as a source of energy. The obvious limitation is the gas emission from green houses.
The exploration and also utilization of oils as energy sources eventually lead to large volumes of carbon dioxide being released in the air. This results to air pollution and water pollution. Some of natural gas usage benefit include, the commodity usually burns clean as compared to cola hence less pollution. This natural product has seventy percent less carbon as compared to many of the fossil fuels.
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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