What Are The Pros And Cons To Oil? Pros of Oil Cons of Oil Efficient power source Destruction of habitats Easy storage Oil as finite resource Reliable power source Dependence on other countries Extraction is relatively easy Dependence on global oil price What are the pros of using oil? Oil has High Energy Density. …
How Oil Is Traded In International Market? Nearly 80% of international crude oil transactions involve delivery via waterway in supertankers. Oil traders are able to quickly redirect transactions towards markets where prices are higher. Oil and coal are global commodities that are shipped all over the world. How is oil sold in the world market?
How Did The Discovery Of Oil Benefit Texas? The oil industry brought opportunities to Texans. Texas became the center of oil exploration and production in the nation. Many rural areas grew into cities. New types of jobs were created, and people had more time to enjoy leisure activities such as baseball. How did the discovery
What Effects Did The Oil Industry Have On Texas? What effects did the oil industry have on Texas? Because most people were more concerned with drilling oil than city planning, most Texas boomtowns were crowded, dirty, and rough places. Oil-field workers often lived in tents or wooden shacks. The dirt streets of these towns became