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