JenWanner
05-13-2009, 09:38 PM
Petroleum is an important component of the Oil and Gas industry, which has given the industry an indispensable status. The petroleum forms many economically viable by-products when it is constituted with other non-hydrocarbons. Although there is a massive shift towards renewable energy sources for the fulfillment of energy demands of the world, world energy system will continue to be dominated by fossil fuels.
The world energy demand is projected to rise by 1.8% per year in the coming years. So are the profits from the <a href="http://www.worldenergyresearch.com/ServiceandContact.aspx?id=1">investments in oil and gas</a>. The dependence of the world on fossil fuels is bound to rise in these years. This is more so because of petroleum, which is an important component of the Oil and Gas industry. Petroleum gives rise to many by-products when mixed with other non-hydrocarbons.
Fossil fuels have always been a dominant source of energy and power for the world. And in this category, Oil and Gas holds a major share. It is believed that in the coming years, the worldwide consumption of oil will increase to 30 million barrels higher than are consumed daily today.
The world energy demand is projected to rise by 1.8% per year in the coming years. So are the profits from the <a href="http://www.worldenergyresearch.com/ServiceandContact.aspx?id=1">investments in oil and gas</a>. The dependence of the world on fossil fuels is bound to rise in these years. This is more so because of petroleum, which is an important component of the Oil and Gas industry. Petroleum gives rise to many by-products when mixed with other non-hydrocarbons.
Fossil fuels have always been a dominant source of energy and power for the world. And in this category, Oil and Gas holds a major share. It is believed that in the coming years, the worldwide consumption of oil will increase to 30 million barrels higher than are consumed daily today.