Last Updated on August 15, 2021 by Neil Mackengie
Another name for oil is “petroleum”, and this gives us a clue as to how it was formed. The word “petroleum” means “rock oil”. Scientists think that petroleum was formed from plants and animals that lived ages ago in and around warm seas that covered much of the earth.
Some people consider oil simply as a commodity to be traded in the market. However, it is much more than that. Oils are the most important raw materials in the chemical industry, providing the base for a variety of products such as plastics, vitamins, pharmaceuticals, and synthetic fibers. These oils are also vital to the transportation industry as fuels and lubricants. This post will tell you a few facts about oils that you may not be aware of.
As the plants and animals died, they piled up on the sea bottom. In time, millions of tons of sand and mud-covered them. Under pressure, the mud and sand changed to rock.
The plants and animals turned into a dark liquid trapped in the pores of the rocks. When parts of the earth’s crust moved upward, sections of the old sea floor became dry land. Some of the liquid oozed to the surface of the earth and so men came to notice it.
Petroleum, or crude oil, has been used for thousands of years. The ancient Egyptians and Chinese used it as a medicine. In India, it. was burned long before the Christian Era.
But until the middle of the nineteenth century, the only way man got this oil was by collecting it when it seeped naturally from the earth. Sometimes it was skimmed from the surfam of streams or soaked up in rags.
Crude petroleum, as it comes to front the well, is of little use. It must be refined. A distillation process separates the different things nature puts into crude oil. In this process, we obtain petrol, kerosene, lubricating oils, fuel oil, and asphalt.
Where Is Oil Found?
Oil reserves are found all over the world. However, some have produced more oil than others. The top oil-producing countries are Saudi Arabia, Russia, the United States, Iran, and China.
1. How was oil formed?
1. Oil was formed by the accumulation of organic material in sedimentary layers.
2. What is crude oil?
2. Crude oil is the liquid left over after the extraction of petroleum from the Earth.
3. Why is oil important?
3. Oil is important because it is used as fuel, a lubricant, and plastic.
4. How is oil transported?
4. Oil is transported in pipelines, ships, and trucks.
5. What is the difference between petrol and diesel?
5. Petrol is a refined oil used for internal combustion engines. Diesel is a refined oil that is used for diesel engines.
Short Answer- Reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left.
Short Answer- The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).
Short Answer- Saudi Arabia, the largest OPEC exporter, was the source of 7% of U.S. total petroleum imports and 8% of U.S. crude oil imports.