It is predicted that future wars are not going to be held on territorial disputes but issues related to energy resources. Every other country in this world is looking to grab as much resources as it can. The fossil fuels, which are depleting at a much faster pace, are becoming a pain for Economies around the globe. The alternate options are also being discovered so that burden on oil-producing companies in CT and other parts if the world, should be brought to a minimal level.
The other options being explored are:
1. Shale gas: The shale gas is a process in which water hits the rocks with an intensity, which leads rocks to exhale a kind of energy, which can replicate other options available. It is in nascent stage and the technology available to explore this option is limited to some countries only.
2. Renewable Resources: Solar energy, Wind energy, Geothermal, Biomass, hydropower are the ones which are proving to be a boon in the coming times. The cost involved in establishing this kind of energy is high as selenium is used whereas they are cost effective in the long-run as no maintenance is required as such.
3. Hydrogen: Automobile companies are making efforts to explore options like hybrid cars, they are kind of cars which run on hydrogen or water so that rising prices of oil doesn’t affect the hybrid car owners.
4. Nuclear Energy: This is kind of energy is possible with a fissile material. However, this fissile material is only available in Uranium mines that on the other hand are available to us on a limited extent. This energy is clean however it is stated as Unsafe as Nuclear Reactors where fissile material is in action tend to pose threat to the nearby areas.
Role of Oil Companies
The world’s number one oil company SLB (Schlumberger) which explores oil around the world was having revenue of US $ 42.15 billion for the financial year – 2012. In 1948, Schlumberger inaugurated research center in Ridgefield, Connecticut for exploration purposes. It is having employees around 150,000 who are working in various parts of the globe, and are on their toes to contribute immensely to
the human kind, round the clock.
There is another company which is almost close to SLB in oil exploration i.e. Halliburton; since its inception in 1919, it has managed to explore oil just like its counterpart and having a revenue of US $ 24.8 billion for the financial year – 2011.
The other options being explored are:
1. Shale gas: The shale gas is a process in which water hits the rocks with an intensity, which leads rocks to exhale a kind of energy, which can replicate other options available. It is in nascent stage and the technology available to explore this option is limited to some countries only.
2. Renewable Resources: Solar energy, Wind energy, Geothermal, Biomass, hydropower are the ones which are proving to be a boon in the coming times. The cost involved in establishing this kind of energy is high as selenium is used whereas they are cost effective in the long-run as no maintenance is required as such.
3. Hydrogen: Automobile companies are making efforts to explore options like hybrid cars, they are kind of cars which run on hydrogen or water so that rising prices of oil doesn’t affect the hybrid car owners.
4. Nuclear Energy: This is kind of energy is possible with a fissile material. However, this fissile material is only available in Uranium mines that on the other hand are available to us on a limited extent. This energy is clean however it is stated as Unsafe as Nuclear Reactors where fissile material is in action tend to pose threat to the nearby areas.
Role of Oil Companies
The world’s number one oil company SLB (Schlumberger) which explores oil around the world was having revenue of US $ 42.15 billion for the financial year – 2012. In 1948, Schlumberger inaugurated research center in Ridgefield, Connecticut for exploration purposes. It is having employees around 150,000 who are working in various parts of the globe, and are on their toes to contribute immensely to
the human kind, round the clock.
There is another company which is almost close to SLB in oil exploration i.e. Halliburton; since its inception in 1919, it has managed to explore oil just like its counterpart and having a revenue of US $ 24.8 billion for the financial year – 2011.
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