Nothing is more relaxing than driving around for fun. Just a bit of cruising through some beautiful places surrounded by spectacular landmarks. In many countries though this kind of relaxing may be bad for your wallet. As the global demand for oil rises, the prices at the pump are increasing as well. Check these countries by gasoline prices!
Yesterday, we’ve talked about steel. Today, we highlight another crucial resource in the modern economy. Crude oil or petroleum. Often disputed because of its carbon footprint, but an absolute necessity in our current lives. The keyboard you’re using has its origin in crude oil. Gasoline, kerosin, diesel, lubricants, asphalts are also made of petroleum. The world’s largest oil companies are working 24 hours a day to satisfy our needs.
Oil keeps our economies running. It’s literally fueling the tank of a society. Among the biggest companies worldwide oil companies are listed high. And as prices per barrel increase it is only logical that these companies are willing to take more risk to drill even deeper or go to places where it is harder to extract oil. Moreover, once it is drilled it needs to be transported to a refinery to turn it into petrol to start capitalizing on investment.