Oil represents a liquid fossil fuel that is derived from organic materials, such as plants and marine organisms. It serves as a crucial energy source globally, driving transportation, generating electricity, and powering various industries.
Crude oil undergoes refining processes to produce different types of fuels and by-products, including gasoline, diesel, jet fuel, lubricants, and plastics. These derivatives have diverse applications in our daily lives, from fueling vehicles to producing consumer goods.
The extraction of oil involves drilling wells into underground reservoirs, usually located beneath the Earth’s surface in sedimentary rocks. Advanced technologies like hydraulic fracturing, or fracking, enable access to previously inaccessible oil resources, expanding global oil production.
Due to its finite nature and environmental concerns, the oil industry continuously faces challenges. However, it remains a vital part of the global economy, prompting efforts to explore alternative and renewable energy sources to reduce dependence on oil in the long run.
