The major determinant of international trade around the world has always been crude oil and natural gas. Every country needs fuels for transportation purposes and industrial uses which is why it has remained an important factor. Due to this, energy experts reckon that in the near future, the demand for crude oil will increase drastically.
Crude oil is a fossil fuel; this means it is a mixture of hydrocarbons which formed million years ago from plants and animals. It exists in liquid form in underground reservoirs. Historically, crude oil that would seep to the surface was used to waterproof boats and for construction purposes. The earliest oil wells were in
Today, the world has become quite sophisticated. Human needs are no longer as difficult to meet as they were many years ago. In fact, what many considered science fictions couple of decades ago are now facts. Numerous discoveries have been made, the lives of many changed, and the economy built. The amount of information also
The “mining” of Canada oil sands, as well as US oil sands offers significant job opportunities. The Alberta Oil Sands are described by the Canadians as deposits of a semi-solid, thick and sticky crude oil that must be heated so it will flow more easily. Otherwise, it is very thick, somewhat like molasses, when it
We all know electric cars use is on the rise, but in the future we may have many other forms of fuel for powering our vehicles. Here are some of the main ones which are being researched and developed today. Hydrogen Car manufacturers are touting hydrogen as the best alternative fuel. For quite some time