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When the price of oil drops this usually means that OPEC has done what?
Increased Oil Production.
How can demand for electricity production change?
i dont knw
Curret world production of oil?
Current Oil Production in the World: 81,820,404.59 barrels per day (bbl/day)
Which would definitely not be the example of price discrimination?
An electric power company charges less for electricity used during off-peak hours when production costs are lower.
Which of these is an example of the capital factor of production?
an oil rig that pumps oil from beneath the ground
Where will you find natural gassass?
Natural gasses are a by-product of oil production. Where you will find oil, you will have natural gas. Commercially, natural gasses are used for heating, cooking, and producing of electricity.
How can electricity be produced from oil?
electricity is produced by generators the oil is used to run the generators.
What are 5 natural resources and their uses?
Water: Essential for drinking, agriculture, and generating hydroelectric power. Oil: Used for transportation, energy production, and manufacturing of various products. Timber: Used for construction, furniture making, and paper production. Coal: Used for electricity generation and steel production. Natural gas: Used for heating, cooking, electricity generation, and as a feedstock in chemical production.
What percent of the energy used in the world is Uranium?
For electricity production about 16 percent world wide. This does not include oil and gas used for other purposes, it only refers to electricity generation. Uranium cannot be used to produce significant power for any other purpose.
What is the purpose of an electrical generator?
An electrical generator is a mechanical device that functions to convert mechanical energy to electricity basically by electromagnetic induction to be used in production, manufacturing, oil and gas industry and etc.
Why oil is still dominant source of energy?
Oil is clearly dominant in transport, and chemical feedstocks used to make a wide variety of products, and also important in many homes for heating. For electricity production coal is in fact dominant and oil is very little used.
What is most of the coal in this country used for?
Production of electricity and heat.
What is coal oil used for?
for making electricity
How oil is used to make electricity?
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How is oil used in russia?
it is used to make electricity and for import
Does gas generate electricity?
No, but if gas is combustible then it may be used as a fuel to run the generators for the production of electricity.
Why is Oil useful?
Lubrication & production of fuel. Oil is also used in the production of tires, and thousands of other products.
