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As it is a Fossil fuel that is running out at quite a quick pace, and because it is harder to find the price goes up thus giving you why it is so expensive.
If you prefer something a little more elaborate than we're running out of oil, which is only a half truth. We are running out of easily accessible oil.
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Why is brent crude oil more expensive than WTI oil?
I think because brent is produced in the N. Sea. Shipping cost.
Why natural gas price are increasing?
Because its expensive to build power stations and transport but once people use crude oil less then it will go down because money would go into natural gas production instead of crude oil
What is today's price on oil?
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
What was the price of crude oil in the 1980s?
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
Why is Canadian oil more expensive to produce than Saudi Oil?
Now Canada is at second position for oil reservoir but most of them are in sand oil (IE. mixture of oil and sand), so that why cost of transportation and separation of oil from sand is increased. while in Saudi it contain pure crude oil (i.e. not mixed with sand) so that it's transportation and separation cost is less as comp air with Canada oil
Is crude oil expensive or inexpensive?
expensive.
Why is heavy crude oil cheaper then light crude oil?
Heavy crude is less in demand than light crude, because it needs more expensive refining to make it usable. Since it is less in demand, it is cheaper to buy.
What does Iranian crude mean?
It refers to Iranian crude oil, so it is oil from Iran.
What is the nature of crude oil?
this basically means wha is crude oil? so... have fun!
Why might polymers become expensive in the future?
Because crude oil is running out.
Are plastics from crude oil biodegradable?
No because crude oil does get to the surface so there are bugs that destroy it.
What is the shape of crude oil?
Crude oil is a liquid, so it takes the shape of whatever container it is in.
What is the mixture called when crude oil and petroleum come straight from the ground?
"Petroleum" products are distilled from crude oil, so what comes out of the ground is crude oil.
What are pros and cons of oil shale energy?
Pros: ? Cons: more expensive than pumping crude oil
Does Kenya have crude oil?
Yes it has been proven that their is oil on the Northen side of the country but it is too expensive to mine.
How long does crude take to form compared to regular oil?
Crude oil is regular oil. It is the raw oil extracted from the earth. It is referred to as crude as it must be refined so its components can be used.
What are the crude oil components and the percentage of each item?
The term, "crude oil" is a non-scientific one that eludes folks to believe that one crude is like other crudes. Not so. Each crude is unique, and therefore it can't be stated that "crude contains" so and so a percentage of this or that compound.
