When a country discovers oil, it is usually an ideal time for them since it is a rare resources that can make it wealthy and even reduce the national debt if it is exported. The discovery of oil in a country is perhaps one of the reasons that most countries cannot contain their excitement when it is discovered in their jurisdiction. Some of the reasons that make oil mining ideal are briefly highlighted below.
With oil being a rare and precious commodity, a country can use it to repay its debt to another country. Since oil is quite costly, a country can use it to gain financial freedom. Should such countries use the money from the selling oil well, they can be able to invest in projects that enable them to get better returns nationally.
Oil is more reliable as a source of power compared to solar power energy. Since it is not affected by weather and seasonal changes you can use it throughout the year unlike solar power. Since there are structures in place, oil is utilized more effectively.
Oil mining is also a very beneficial process since it helps to give other by products that add a little spice to life and are quite useful. Such by products may include but not limited to candles, football, cameras and even helping you to refrigerate your food. The byproducts are useful in helping life easy thanks to the oil mining process.
Oil mining as a process … Read More