Question

IS Crude oil essential for the development process of country? Discuss??

Answer 1

Answer:

Yes, crude oil is very essential for the development process of a country. By-product of crude oil such as Petrol, diesel, kerosene, flammable gases are used on a large scale in vehicles, industries and other areas of modern world. However, the country should find alternative sources as crude oil reserves are not sufficient to meet the needs of future generation. .

Hope it helps

Answer 2

$\huge\bf{Answer:-}$

Yes , Crude oil essential for the development process of country.

Explanation:

• After the recent US and Allied countries missile attack on Syria due to the growing dispute between Russia and the United States, the possibility of World War and the Organization of Petroleum Exporting Countries <OPEC> and the Organization of Oil Exporting Countries and Russia decided to reduce the production of crude oil. But due to persistence, the possibility of increasing crude oil prices is visible.

• Although on 12 April, Prime Minister Narendra Modi, at the International Energy Forum IEF, the largest international conference in the energy sector, held in New Delhi, urged the oil producing countries to be prudent in fixing the prices of crude oil, but In the international market, the price of crude oil, which is currently around $ 72 per barrel 159 liters per barrel, will increase from 75 to 80 dollars in the near future. The possibility of reaching a barrel.