1:02 AM
Oil is basically the most essential commodity in the worlds economy. It usually plays a great role in some of major industries such as petrochemicals, power, chemicals, power and transport. Its high availability have generally made mankind to largely depend on such a product for almost all of their daily activities or needs. Oil and gas exploration is also a lucrative business to venture into as it gives big returns to this 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 is good infrastructure available to transport this product to other locations, regions and countries like the tankers, ships and through pipeline.oil is also easy to produce as well as refine which means that there are usually lower costs associated with it production. To get oil products like kerosene, petrol and diesel nowadays is quite easy since the technology of refining is old and mature.
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.
Global treaties have generally failed to curb this menace though many individual countries are now trying their best to control the release of carbon to environment via carbon taxes as well as trade and cap. The second disadvantage is pollution of earth and water. Oil spills have been seen to have adverse effect on the surrounding environment such as water.
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.
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 is good infrastructure available to transport this product to other locations, regions and countries like the tankers, ships and through pipeline.oil is also easy to produce as well as refine which means that there are usually lower costs associated with it production. To get oil products like kerosene, petrol and diesel nowadays is quite easy since the technology of refining is old and mature.
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.
Global treaties have generally failed to curb this menace though many individual countries are now trying their best to control the release of carbon to environment via carbon taxes as well as trade and cap. The second disadvantage is pollution of earth and water. Oil spills have been seen to have adverse effect on the surrounding environment such as water.
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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