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  1. Its becoming more and more scarce
  2. It comes from the Middle East and in case you havent noticed, thers a war there.
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14y ago

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Related Questions

What does Iranian crude mean?

It refers to Iranian crude oil, so it is oil from Iran.


What valuable liquid is plastic made from?

Most plastics are made from crude oil derivatives.


What is the difference between heavy crude oil and light crude oil?

Heavy crude oil has a higher density and viscosity compared to light crude oil. Heavy crude oil also contains more impurities like sulfur and metals, which makes it more difficult and expensive to refine. Light crude oil is easier to extract, transport, and refine, making it more valuable in the market.


Are plastics from crude oil biodegradable?

No because crude oil does get to the surface so there are bugs that destroy it.


Why did the oil business change after Drake found oil in Pennsylvania?

because it turned crude oil into kerosene an by adding gasoline made oil more valuable


Why did the oil businesses change after drake found oil in Pennsylvania?

because it turned crude oil into kerosene an by adding gasoline made oil more valuable


How long does crude take to form compared to regular oil?

Crude oil is regular oil. It is the raw oil extracted from the earth. It is referred to as crude as it must be refined so its components can be used.


What are the crude oil components and the percentage of each item?

The term, "crude oil" is a non-scientific one that eludes folks to believe that one crude is like other crudes. Not so. Each crude is unique, and therefore it can't be stated that "crude contains" so and so a percentage of this or that compound.


What is the mixture called when crude oil and petroleum come straight from the ground?

"Petroleum" products are distilled from crude oil, so what comes out of the ground is crude oil.


How does ocean act as a resource?

ocean provides many things such as crude oil, natural gas, sea food, pearls and many other so it is considered as a valuable resource


Why is there so much carbon in crude oil?

because the dead remains from the animals and plants contained carbon so the crude oil would also be rich in carbon


Why is crude oil such a valuable resource?

In modern times the exploitation of Crude oil and it's byproducts have both supported and promoted lifestyle and technological development and has been instrumental in modifying the environment almost to the point of self-destruction. Crude oil holds 90% of the economy of the world, electricity, cars, airplanes, even a simple tooth brush is made using some machine and electricity. If there is no oil we would go back to stone age. That is why the scientists are looking for other resources for future generations as crude oil may not be available in future.