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Many Natural Resources renew themselves slower than what they are extracted and used. Although there are many untapped oil reserves, we are using oil faster than what is naturally created.
What else can I help you with?
What natural resource is drilled for in Iraq?
Oil is the primary natural resource drilled for in Iraq. The country has significant oil reserves, which are a critical component of its economy and export revenue.
Is oil an inexhaustible resource?
It's finite, but we don't know HOW finite.This is the thing: We are not currently running out of oil. We have plenty. What we are running out of is cheap oil--the kind you can extract for less than it's worth.
Oil is what type of resource?
We call these resources as nonrenewable. Once we use them up, the time to make more will take millions of years.
What is the major mineral resource of Venezuela?
The major mineral resource of Venezuela is bauxite. Other minerals include coal, gold, iron, oil, and petroleum. It is the fifth largest gold producer in South America.
Is oil a natural resource?
Yes, oil is a natural resource that is formed from organic matter over millions of years. It is extracted from the ground and used for various purposes such as fuel, lubrication, and the production of plastics.
Alaskas most valuble product?
Currently its dwindling oil reserves.
Is oil a resource that could be completely used up?
If you mean Petrol Oil, then yes, it is a resource that could be completely used up, however it cannot be recycled or remade.
Is wind and oil a renewable resource?
Wind is a renewable resource. Oil is not a renewable resource.
Is oil a finite or infinite resource?
Oil is a finite resource.
A worldwide increase in the demand for oil would hurt or help Mexico?
It would help Mexico, as increased oil prices would mean more income. This is what is actually happening right now, as dwindling oil sources keep prices high.
What is Oman's resource?
Oil is the principal resource.
Is oil a non renewable resource a renewable resource or a inexhaustible resource?
Oil, the fossil fuel, is a non-renewable resource on human time scales. Vegetable oil is a renewable resource. An inexhaustible resource would be sunlight and a renewable resource would be wind energy and solar energy.
What is the most important resource in maghreb?
oil is the most important resource in the region
What is resource oil?
Oil is a non-renewable resource, one of the fossil fuels (coal, oil and natural gas).
Is oil a resource in Canada?
Yes, oil is a resource in Canada. There are many other resources also.
Is corn a renewable resource or a nonrenewable resource?
Oil is a nonrenewable resource so will corn oil be a nonrenewable yes cause it is just a different type of oil And Follow me on instagram @ syd_boo
Which energy resources migth replace dwindling petroleum supplies one day?
Oil shale and tar sands
