Oil and gas is consumed by us daily. Petroleum based products in our lipstick and vaseline and gas to power our cars, leaded or unleaded, the choice is yours. The non-renewable resource becomes used.
Crude is an irreplaceable energy source.
A barrel of oil today is at $100US. The fixed income investor can have a good investment in these products across the world that economy is struggling to keep it up. Wall street is optimistic as usual. Israel gets fuel for its Gaza Strip by Qatar. Power plants can keep working and keep employing and paying people and supply energy too. Oil refineries are still popping up across the world so it stands to only reason that the high paying jobs of the oil industry is going to continue to soar while environment pollution is getting worse. Air pollution and water pollution take the backburner on this #globalvillage because of the need to drill for oil. Employment is not a problem, oil companies are handing out jobs all the time to both sexes. The problem may be to be employed in a diverse company Oil and gas is male dominated. This dominated employment industry must supply energy for the world as its' non-renewable resource is worn out.
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Heavy Oil
The Western Hemisphere possesses 69 percent of the world's technically recoverable heavy oil and 82 percent of the technically recoverable natural bitumen. In contrast, the Eastern Hemisphere possesses about 85 percent of the world's light oil reserves. Heavy oil and natural bitumen are present worldwide. The largest extra-heavy oil accumulation is the Venezuelan Orinoco heavy-oil belt containing 90 percent of the world's extra-heavy oil when measured on an in-place basis. Eighty-one percent of the world's known recoverable bitumen is located in the Alberta, Canada accumulation. Together the two deposits contain about 3,600 billion barrels of oil in place.
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Coal
A black or brown rock that can be ignited or burned. When coal burns it produces energy as heat. This heat is mainly used to produce electricity. An increase in the use of coal could lead to a reduction in the need for non-renewable resources ; oil and gas. Coal has developed from the remains of plants that died 400million to 1million years ago. It is referred to as fossil fuel. Coal forming plants probably grew in swamps. No reliable estimates exist for the total amount of coal that lies beneath the earth's surface.
Oil and Gas Trinidad GDP
Oil and gas operations account for at least 40% of Trindad and Tobago's GDP.
Organic material deposited by the Orinoco Delta movement millions of years ago feeds the demand of the public.
Organic material deposited by the Orinoco Delta movement millions of years ago feeds the demand of the public.
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