ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labor
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Water
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Minerals
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Oil
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Detailed explanation-1: -Crude oil, also referred to as petroleum oil, is the only non-renewable resource that is extracted in liquid form. It is found between the layers of the earth’s crust, or between the rocks, and it is retrieved by drilling a vertical well into the ground and ocean floor.
Detailed explanation-2: -Humans constantly draw on the reserves of these substances while the formation of new supplies takes eons. Examples of nonrenewable resources include fossil fuels like oil, natural gas, and coal.
Detailed explanation-3: -Therefore, the oil we use today took millennia to form. Currently, our dependence on oil has increased to the extent that we are using up the oil faster than the earth can produce more oil. This is the reason why oil is a non renewable resource.
Detailed explanation-4: -After exploring the features of renewable resources, individuals may question, “Why is oil a nonrenewable resource?” Oil is depletable because it comes from a finite liquid mixture of hydrocarbons beneath Earth’s surface.