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.
Despite the fact that burning oil results to global warming and green house effects little has been done to reduce its usage. Billions of barrels are in fact burned every year to power ships, trains and other locomotives.oil power is also used in some countries to produce electricity. Issues concerning oil dependency have been a cry of many politicians but little has been done to reduce its consumption worldwide.
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.
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.
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.
GHG is the biggest limitation of these commodities. Their generation and usage leads to release of carbon dioxide. This gas is known to have sequestered for many years actually millions of years basically from dead bodies of animals and plant. This process generally transfers carbon from earth to environment leading or resulting to effect of global warming.
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 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.
Despite the fact that burning oil results to global warming and green house effects little has been done to reduce its usage. Billions of barrels are in fact burned every year to power ships, trains and other locomotives.oil power is also used in some countries to produce electricity. Issues concerning oil dependency have been a cry of many politicians but little has been done to reduce its consumption worldwide.
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.
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.
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.
GHG is the biggest limitation of these commodities. Their generation and usage leads to release of carbon dioxide. This gas is known to have sequestered for many years actually millions of years basically from dead bodies of animals and plant. This process generally transfers carbon from earth to environment leading or resulting to effect of global warming.
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 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.
About the Author:
Check out Grand Energy on Twitter for more information about investing in oil and gas
Aucun commentaire:
Enregistrer un commentaire