We have oil because millions of years ago lots of animals died and they rotted over thousends of years and turned into oil.
Spot oil is a term in marketing, rather than a type of oil. As far as I know spot markets exist for different types of oil, which for crude oil means different producing areas.
It is estimated that there are approximately 50 years of proven oil reserves left at current production rates. However, this number can vary depending on factors such as technological advancements, new discoveries, and changes in global oil consumption.
An oil is not a pure substance, it is a mixture; combustion of organic materials release carbon dioxide and water. If other elements exist in the molecule also other gases are released or a solid residue remain.
If all the oil on Earth were to run out, there would be significant impacts on global energy production and transportation. Society would need to transition to alternative energy sources such as renewable energy (solar, wind, hydro) to meet energy demands. This transition would require significant investments in new infrastructure and technology.
Crude oil is obtained by drilling down into the ground to an oil well. The oil is then pumped out of the ground and put into barrels. The barrels of oil are then sent to a plant where it is processed into different products for consumer use.
Oil
no it did not exist ever
white eagle overseas oil co. inc.
Tall Oil either does not exist or is not trading publicly on any exchange.
Oil based and latex Primer and finish
this term doesnt exist. we say enhanced oil recovery not discovery.the enhanced oil recovery is a generic term for techniques, for increasing the amount of oil that can be extracted from an oil field.
The oil industry (obviously)...
6.657 million
Oil deposits exist world wide. USA has it's own oil in Alaska and Texas mainly. The middle east owns much of the worlds oil supply though.
Most are- but bioplastics exist. Very interesting development as we won't have oil forever. See link.
Nature. The oceans have been leaking oil for millennium, and if these organisms didn't exist, every beach in the world would be covered in oil.
well oil spills exist due to the contribution of the carbon tax emission funds, this then reveals that the substantial amounts of sodium chloride disperse from the tanker causing the oil to release into the ocean, hopefully one day the percentage of oxygen in relation to the h2o increases dramatically, further more this would distribute the oil majorly.