ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why are oil and gas such valuable natural resources?
A
large deposits of oil are found in most countries
B
industrial countries depend on oil/gas as the energy supply
C
it is easy to replace these after they are used
D
oil and gas are the ONLY sources of energy available
Explanation: 

Detailed explanation-1: -Its products underpin modern society, mainly supplying energy to power industry, heat homes and provide fuel for vehicles and aeroplanes to carry goods and people all over the world.

Detailed explanation-2: -Petroleum provides transportation fuel, is a part of many chemicals and medicines, and is used to make crucial items such as heart valves, contact lenses, and bandages. Oil reserves attract outside investment and are important for improving countries’ overall economy.

Detailed explanation-3: -The oil and gas industry supports millions of American jobs, provides lower energy costs for consumers, and ensures our energy security.

Detailed explanation-4: -Natural gas is a clean-burning source of energy that is used for heating, cooling, electricity generation, creating indispensable materials (such as steel and concrete) and more.

There is 1 question to complete.