answersLogoWhite

0

Petroleum is a non renewable resource that is quickly beeing depleated. The main problem is that we are completely dependent on petroleum for almost everything. The decline in production and the susequent rise in prices that will result from our abuse of this resource has the potential to cause an economic collapse. The collapse of the economy would be the direct result of the worlds dependancy on oil. High gas prices associated with the decline in oil production will have adverse effects on everybody due to the fact that high oil prices also drive up the price of everything else. Almost every aspect of daily life is dependant on the availability of affordable oil including the transport of food and other products to the people that need them.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Earth Science

Why is petroleum so important?

Petroleum is important because it is a major source of energy used for transportation, heating, and electricity generation. It is also a key ingredient in the production of a wide range of products such as plastics, fertilizers, and chemicals. Additionally, petroleum plays a significant role in global economies, with many countries relying on its production and export for revenue.


How does the sunlight indirectly generate petroleum in the ground?

Sunlight enables the growth of plants through photosynthesis. When these plants die and decompose, they turn into organic matter that can become petroleum under high pressure and temperature conditions deep underground over millions of years. So, sunlight is indirectly involved in the formation of petroleum by kickstarting the process of plant growth.


Is rubber petroleum based?

Synthetic rubber is petroleum based. According to Wikipedia, using 2005 statistics, 58% of all rubber production is synthetic rubber or approximately 12 million tons. The chemical composition of rubber is complex. According to Wikipedia, under petrochemicals, synthetic rubber is synthetic elastomers made of any one or more of several petrochemical (usually) monomers such as 1,3-butadiene, styrene, isobutylene, isoprene, elastomeric polymers are often made with a high percentage of conjugated diene monomers such as 1,3-butadiene, isoprene, or chloroprene. Also, Wikipedia notes that since so much of our rubber is synthetic, then the price of rubber depends to a large degree on the price of oil. I encourage you to follow some of the links, particularly as given in the natural rubber link, as it gives the interesting history of rubber.


What is the importance of petroleum as an energy resource?

Petroleum is important as an energy resource because it is a major source of fuel used for transportation, heating, and electricity generation. It is also used in the production of various everyday products such as plastics, chemicals, and lubricants. However, its use contributes to environmental issues like air pollution and climate change.


How Coal and petroleum are found underground?

Coal And petroleum product are form buried material like as plant animal. So some geologist gives us advise to on which we have to conduct test (sonic test, etc.). on which basic we can find out depth of coal and petroleum. when we get positive result then we start to take out those product.

Related Questions

Which is an advantage of using coal over petroleum as a source of energy in the US?

Coal burns cleaner than petroleum. It is also abundant in the United States and all over the world, and petroleum is less so.


Why is petroleum a nonrenuable resource?

Because petroleum is a fossil fuel and fossil fuels take millions of years to form, and because humans are using it so quickly, new petroleum doesnt have time to form.


Causes of depletion of petroleum?

Depletion means used up or using up So depletion is caused by us using it


Does smelling rubbing alcohol cause problems?

It shouldn't but if you smell to much it may cause some problems, try using the the wafting technique so you don't get as much alcohol than you should.


Why have the prices of petroleum and petroleum products been steadily rising over the last few decades?

The prices of petroleum have been steadily rising due to its faster usage than its development or its reproduction. It can be stopped by using it at a very precised or slow rate. The coal miners or the other people who are taking out the petroleum are digging it so deep that its rate at which we can find it has decreased a lot. We should use petroleum slower and slower as much as possible so that we can save some for our future generations also. Government should do something for the needy people so that they can even use it. By Mili


What are the immediate cost of biodiesel vs petroleum fuel?

well when you buy biodiesel it tends to be around $53... and petroleum fuel tends to be much less then that so if you are planning on drinking this then the cheaper one would have to be petroleum fuel :)


Is petroleum nonrenewable?

yes because it can eventually run out. So don't use too much!


Is there a demand for a engineer in the future?

Yes, very much so. Especially after the end of the petroleum age.


Why should you use petroleum sparingly?

Petroleum is a non-renewable resource that takes millions of years to form. By using it sparingly, we can help preserve this limited resource for future generations. Additionally, using less petroleum reduces carbon emissions and helps mitigate climate change.


Is there a demand for ocean engineer in the future?

Yes, very much so. Especially after the end of the petroleum age.


How has the camera created problems for people or things in the world?

it has created problems for the world & people by using so much technology and taking pictures of people or things in the world and posting them on facebook, twitter, emails and more


What is Saudi Arabia's natural resources?

Petroleum is the biggest natural resource of Saudi Arabia which has made it so much wealthy and any other resource other than Petroleum is not mentionable.