Oil, The Natural Resources Of The World Essay - 1552 Words

Today, in the year 2016, when you hear the term oil what do you think? Vegetable Oil? Olive Oil? Car Oil? Well these are all just types of oil. Oil is a thick, black liquid that comes from the ground and is used in making various products according to the Merriam Webster. This is the simplest definition of oil; most people already knew this. But, what people really don’t know is where this resource actually came from and how it was found to be begin with. When these questions are asked people will pull out their smartphones and began to google. Oil is just as important as water today. It is necessary to understand how where the oil is in the world, how much is left, who is controlling it, and what is happening to it. Since, it is considered one of the natural resources of the world. Oil is all around the world. Some places may have more others may have less. There is no fair distribution of oil. It is just pure luck where it is found. Oil is very difficult to find. Oil comes from tiny pieces of sediment that build up over long periods of time. When that happens a substance called kerogen is created. Then, with the changing temperatures underground the organic matter turns into oil. Although this development could take millions of years. Reservoirs are formed when the oil is trapped through a rock, with that oil begins to build up. Some wells may be dried out and others may not have much oil. However, the gold metal goes to the Middle East. Second place goes to Iraq, thenShow MoreRelatedA State s Natural Resources Wealth Influence Its Economic Development1535 Words   |  7 Pagesa state s natural resource wealth influence its economic development? For the past fifty years, versions of this question have figured prominently in debates over dependency theory, ec onomic dualism, a proposed New International Economic Order, East Asia’s success, and Africa’s collapse. Since the late 1980s, economists and political scientists have produced a flood of new research that bears witness to this question. There is now strong evidence that states with abundant resource wealth performRead MoreHistorical Significance Of The Steam Invention985 Words   |  4 PagesIntroduction: In the real world, human beings always rely on various natural resources to survive over thousand years. The ancients use water and woods mostly. As the time goes by, modern people considered that oil and coal are the most important energy for people. In human history, people have been experienced industrial revolutions over three times. The very first time industrial revolution occurred at 1760s and ended at 1850s and it marks that mankind entered the age of steam. 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Because the use/ need of natural substances have skyrocketed in the past couple of years, the consequences are making a negative impactRead MoreOil Sands Essay1219 Words   |  5 PagesCanada has always had extensive deposits of oil sands, and has been a fascination to the explorers and settlers of earliest Canada, when Europeans saw how First Nations people used it to water proof their birch bark canoes. That being said, the majority of oil sands in Canada are contained in Alberta. Alberta’s oil reserves play an important role in the Canadian and global economy, supplying stable, reliable energy to the world. Alberta s oil sands have been described by Time Magazine as CanadaRead MoreDepletion of Non Renewable Resources of Energy1422 Words   |  6 PagesA  non-renewable resource  is a  natural resource  which cannot be produced, grown, generated, or used on a scale which can  sustain  its consumption rate, once depleted there is no more available for future needs. 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The purpose of this paper is to explain the fundamentals ofRead More Natural Resources Essay1715 Words   |  7 PagesIntroduction Natural resources are the elements that are found naturally and useful. Natural resources include fuels, oil, natural gas, materials and timber. Natural resources could be renewable or non-renewable. Renewable are those resources that are substituted in nature e.g. animals plants and forests. Non-renewable are those resources that exist in set/limited/calculated amounts e.g. fossil fuels, coal etc Discussion The Natural resources are playing a key role to support and enhance the economyRead MoreThe End Of Easy Everything1052 Words   |  5 Pageseffortless to a more resilient resource period will be financially, environmentally, socially, and politically costly. Looking at the state of the supply of energy oil and natural gas today, I tend to agree with the findings as presented by Michael Klare. 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