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.
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.
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.
Unlike power generated from solar or wind energy, gas has the potential to produce energy twenty hours in a day without failure. Some engines which run on oil are mature technology as well as highly dependable to use and work with. The same products have their share of disadvantages. The first disadvantage basically includes gas emission from greenhouses simply abbreviated as GHG.
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 efforts have now been left to individual states or countries to do their best and control their own countrys carbon emission. Some of the measures they have taken include imposing heavy taxes on companies producing or releasing large volumes of carbon to environment and also they have come up with trade and cap. All companies using oil and generally emitting carbon into the air, they have been tasked with the role of making sure carbon dioxide emission is within the stipulated limits or levels.
The other disadvantage is that oil drilling has led to increased violence and terrorism. Most of this drilling is done in dictatorship countries. The revenues usually land in the hands of these tyrants who have accumulated trillions of dollars.
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.
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.
Unlike power generated from solar or wind energy, gas has the potential to produce energy twenty hours in a day without failure. Some engines which run on oil are mature technology as well as highly dependable to use and work with. The same products have their share of disadvantages. The first disadvantage basically includes gas emission from greenhouses simply abbreviated as GHG.
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 efforts have now been left to individual states or countries to do their best and control their own countrys carbon emission. Some of the measures they have taken include imposing heavy taxes on companies producing or releasing large volumes of carbon to environment and also they have come up with trade and cap. All companies using oil and generally emitting carbon into the air, they have been tasked with the role of making sure carbon dioxide emission is within the stipulated limits or levels.
The other disadvantage is that oil drilling has led to increased violence and terrorism. Most of this drilling is done in dictatorship countries. The revenues usually land in the hands of these tyrants who have accumulated trillions of dollars.
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