explain the importance of the “Development of the Oil Industry” & “Industrialization.”
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Answer:
Oil:lifeblood of the industrialized nations.Oil has become the world's most important source of energy since the mid-1950s. It's products underpin modern society, mainly supplying energy to power industry,heat homes and provide fuel for vehicles and aeroplanes to carry goods and people all over the world.
Industrialization generates employment opportunities, encourages advancement and innovation,and better utilizes resources.All of these benefits and more make industrial development extremely valuable to a population and the local economy.
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Industrialization generates employment opportunities, encourages advancement and innovation,and better utilizes resources.All of these benefits and more make industrial development extremely valuable to a population and the local economy.
Energy in Cameroon is a growing industry with tremendous potential, especially with the hydroelectric industry. With a total installed capacity of 1,292 MW, the mix of energy production of Cameroon consists of 57% of hydraulic power source, 21% of thermal springs in the gas, 10% of heat source to light fuel oil and 13% of heat source to heavy fuel oil.
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