crude oil
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Alternatives
Fossil Fuel Dependence: Time for Change
Energy is in the spotlight of global debate, and the subject of fossil fuels features heavily in the discussion.
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Petroleum
The U.S. Oil Industry
The global oil industry has influenced U.S. domestic and foreign policy decisions for a long time. It has been observed that the United States plays a key role in the global oil market, not only as a leading consumer of crude oil, but also as the biggest oil producer. According to the U.S. Energy Information Administration (EIA), the United States…
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Petroleum
What is Petroleum, and How is it Formed?
Petroleum is a yellowish-black liquid that is found in various geological formations beneath the Earth’s surface. Petroleum is a fossil fuel that is formed when dead organisms – mostly zooplankton (organisms that float around in seas, oceans, and other freshwater bodies), are buried underneath sedimentary rocks. They are unable to completely decay because of the lack of oxygen. The material…
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Petroleum
An Unlikely Friendship: On the Board of Russia’s Rosneft
British Petroleum has had a seat on the board of Russia’s Rosneft for almost a decade, controlling almost 20 percent of the Russian energy giant and making BP Rosneft’s largest shareholder. It’s an unexpected partnership, perhaps – but more so, an expedient one. Amongst a storied history in Russia, the origins of BP’s partnership with Rosneft go back to one…
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Petroleum
When will Electric Vehicle Sales Reduce Global Oil Demand?
Global demand for EVs is predicted to rise sharply in the coming decades.
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Alternatives
Is the World Running out of Fossil Fuels?
The size of global fossil fuel reserves and how long current reserves will last are questions that energy analysts have attempted to address over the years
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Coal
The Future of Fossil Fuels: New Discoveries, Technological Advancements, and Global Growth
As energy consumption continues to rise, the Energy Information Administration expects that fossil fuels will remain as the primary source of global energy.
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Coal
Fossil Fuel Reserves
Timelines laid out in BP’s Statistical Review of World Energy estimate the years that coal, natural gas, and crude oil will be exhausted via current extraction and production rates. Coal reserves will “run out” in 2169, oil in 2066 and natural gas will be exhausted two years later in 2068. The answer to how much time civilization has left to…
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Petroleum
How Oil Drilling Works From Start To Finish
There are numerous ways in which we use oil every day. Whether it is used in its natural form or refined into other products such as gasoline and jet fuel, you can find it almost anywhere. To gain access to these resources, the process of oil drilling must take place. This task involves using an industrial oil drill to extract…
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