Gas is generally the most important product in the world today. The world economy is at a great extent supported by oil products. Many of the products being used today rely or use this product as their main raw material. It basically plays a big and essential role in many major industries in this world. Some of such companies are petrochemicals, transport, some chemical industries and power industries. Oil and gas are a grand energyas they are readily available, hence this has made human being to massively rely on them for many of their day to day activities.
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.
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.
Gas has been a crucial commodity used in major industries. The product is not only used in transportation sector but also needed in other sectors of the economy. In production of medicine, cloth and medicine oil is used a raw material.
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 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.
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.
Gas has been a crucial commodity used in major industries. The product is not only used in transportation sector but also needed in other sectors of the economy. In production of medicine, cloth and medicine oil is used a raw material.
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 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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