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.
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.
The common entries of such products are in the hand of few industries or corporations such as chevron and also British petroleum which have dragged or frustrated any efforts of subsidies. In case there is depletion of oil drills, prices of these products goes up making it pocket unfriendly to many users and hence this minimizes the utilization of gas.
The transportation of oil products has been fastened by well available infrastructure like the pipelines, tankers and ships. Production of gas and refining has been an easy process due to minimal costs associated to the process. Its usually easy to get its products like diesel, petrol and kerosene due to mature and old technology used in its refining.
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.
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 products basically do not generate ashes after burning or after the energy has been released. The cost of exploration is low as compared to coal exploration. The drawbacks include, they are not renewable source of energy and they are pollutants.
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.
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.
The common entries of such products are in the hand of few industries or corporations such as chevron and also British petroleum which have dragged or frustrated any efforts of subsidies. In case there is depletion of oil drills, prices of these products goes up making it pocket unfriendly to many users and hence this minimizes the utilization of gas.
The transportation of oil products has been fastened by well available infrastructure like the pipelines, tankers and ships. Production of gas and refining has been an easy process due to minimal costs associated to the process. Its usually easy to get its products like diesel, petrol and kerosene due to mature and old technology used in its refining.
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.
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 products basically do not generate ashes after burning or after the energy has been released. The cost of exploration is low as compared to coal exploration. The drawbacks include, they are not renewable source of energy and they are pollutants.
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