The name petroleum covers both naturally occurring unprocessed crude oil and
... The rise in importance was due to the invention of the internal combustion ...
Crude oil is the most important natural resource of the industrialized nations. It
can generate heat, drive machinery and fuel vehicles and airplanes.
Mar 13, 2008 ... Best Answer: Crude oil has become the world's most important source of energy
since the mid-1950s. It is used to make gasoline, diesel fuel, ...
Apr 12, 2011 ... Oil fuels our cars, trucks, and planes. However, there are a myriad of uses for
crude oil that affect our lives. Buying a hybrid may not solve our ...
Crude oil is undoubtedly the king of commodities, in both its production value and
its importance to the global economy. Crude oil is the most-traded nonfinancial ...
October 2010. Oil is a vital source of energy for the world and will likely remain so
for many decades to come, even under the most optimistic assumptions about ...
Jan 15, 2015 ... High market share gives OPEC bargaining power to price oil above a competitive
market. It can sway crude oil prices by increasing or ...
Jun 19, 2015 ... A depreciating US dollar is positive for crude oil producers. The recent fall in the
US dollar supported crude oil prices. It resulted in higher crude ...
When crude oil is refined, four percent ends up as raw materials for the ... Oil and
natural gas are the most important raw materials for plastics manufacture.
Jul 24, 2007 ... Migrating to New Energy Paradigms Part 2 - The Economic Importance of Crude
Oil :: The Market Oracle :: Financial Markets Analysis ...