Economy, asked by nageshwarsonaa, 1 year ago

Is crude oil essential for the development process in a course?Discuss

Answers

Answered by Navneeetkrh
262
It would be hard to imagine an economy developing without oil and natural gas, because it is the basis of every industrialized economy on Earth right now. 

Crude oil provides 97% of the energy for transportation (cars, trains, airplanes) in the world. In the US, oil and gas make about 20% of the electricity. In addition to that, think of all the things we make from oil: 

- plastics: just look at all the things made of plastic in front of you right now! 

- lubrication oils 

- petrochemicals for fertilizer, paint, preservatives, pharmaceuticals, cleaning chemicals, etc 

-fabric: most synthetic fabrics are based on petrochemicals 

So, try to imagine a country without all of these things. This would place you back in time more than 100 years in terms of technology.
Answered by Sk19H25
154

Yes, it is helpful in development because most of patroleum and flamable gases are extract from crude oil and patroleum products are comes in basic requirements.

Crude oil contributes 97% of the energy for transport such as cars, trains, airplanes in the world.

crude oil is necessary as without it no automobile,industries etc runs. It is the most important raw material of the industrialised nations. It can generate heat,drive machinery and fuel vehicles and airplanes.

Every year 18 million tonnes of crude oil are processed into synthethic materials.

Oil within our materials:

40% of all textiles contain oil;

For functional clothing this may be as much as 100%..

The world consumes almost 14% billion liters of oil each day.

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