Significance of Oil and Gas Companies
Oil and gas are the most popular ways of solving energy problems. Energy industry deals with all the industries that are used to produce energy that is sold to the world. There has been an increasing rate of energy consumption in the world today. Energy industry is very crucial for the operation and the maintenance of the society at large. Depending on the lifestyle we live, different industries produce energy for our use. Among the many industries are petroleum industry, gas industry, electric industry, coal industry, nuclear power industry etc. A bigger part of the energy industry today id held by gas and oil industries.
The process of extracting, refining and marketing petroleum products are the processes involved with oil as a form of energy. Fuel oil, gas oil and petroleum are the most common types of oil. The beginning of the use of petroleum dates to almost 5000 years ago. Long ago the uses of oil included fires and wars. There are so many ways in which oil is being used today. Many chemical products use oil as a raw material. It has been used in making fertilizers, plastic industry and even in pharmaceutical solvents.
Industries use petroleum to produce energy. It can be an impossible thing for big industries to operate most of their machines without petroleum. Fuel is a form of oil used by vehicles to propel. To be able to move to a far place, these vehicles are very necessary. At home people get cooking heat and light using paraffin. It is therefore a very necessary thing to the society.
On the other hand, gas is a very crucial part of the world today. Natural gas plays a very important role in ensuring that the energy needs of the world today are met. Gas has a very much reduced rate of carbon emission to the air. Approximately less than thirty percent compared to that of oil as a form of energy. Natural gas is therefore the best form of energy compared to the rest in as much as energy conservation is considered.
Energy production using gas can be done in so many ways today. Cooking fire can be produced by the more modern gas burners. These types of cookers are seemingly very fast and the strength of the fire can be reduced or increased. Modern trains use compressed gas in liquid form to drive buses and some types of trains. Gas has also been used to generate power more effectively and cheaply. Gas is quickly developing and has become the major source of energy in some countries like Canada.
To the economy, both gas and oil have been very encouraging. More employment opportunities have been created. Local businesses have been a major development in the community owing to the development of drilling activities.