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None as of midnight the government is stopping the oil extractions and withing the next year oil will be forbidden to be used without a licenses forcing Citizens to buy electric cars

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15y ago

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How is oil extracted?

You drill it! You drill it really hard! You'll need a really long pipe to drill it with... a long and fat pipe. You just stick the pipe in the hole and drill it until the stuff comes out and then you should be satisfied!


How much does it cost for one oil barrel?

The cost of one oil barrel can vary significantly depending on the market demand and supply, geopolitical factors, and other economic conditions. As of 2021, the price of a barrel of oil can range from around $50 to $70 per barrel.


How much has oil declined over the last 5 years?

Oil prices have fluctuated significantly over the past five years. As of 2021, oil prices have declined by around 30-40% compared to levels recorded in 2016. Factors such as global demand, production levels, geopolitical events, and economic conditions have all played a role in influencing oil prices during this time period.


What are the political problems with crude oil?

People fought for Britain when we colonised every African country, they never had "CRUDE OIL".But Britain wanted it so much, that they tried to find some .When scientist found out that it is a non-renewable source meaning it can not be brought back when used and it is made out of dead plants and animals, more of it was in demand because we needed more of it to what we had thought, Crude Oil was then in bigger demand which made it hard for us to gain some.


How is oil utilized in the Caribbean?

Oil in the Caribbean is primarily used for generating electricity, fueling transportation, and supporting industries such as tourism and manufacturing. Some Caribbean countries also export oil to generate revenue. Oil is crucial for the region's energy security and economic development.