If you’re a producer of natural gas, electricity, nuclear power, or any other form of alternative energy, you need to know about the 3.2 Energy Marketplace Worksheet. It’s important to understand how your business can be of help to the environment. This worksheet is designed to guide consumers, energy producers, and energy providers with an understanding of how energy gets from the natural resources of the world to the consumer. The following information explains what this worksheet is about. In particular, it answers three questions that all consumers should know.
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Q. What is the definition of petroleum and natural gas? An energy source is any material that can be used to generate electricity or fuel. These include petroleum, coal, petroleum diesel, natural gas, and other fuels derived from crude oil, including oil shale, oil sands, and oil residues.
A. Petroleum and natural gas refer to crude oil and petroleum diesel as well as other gases produced from petroleum. They are categorized based on their ability to replace energy.
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Q. How do they get to consumers? Oil and natural gases are extracted from the ground in several different ways. Some methods involve hydraulic fracturing, which pumps large amounts of water (hydrocarbon) deep into the earth at high pressure to break up the rock and release the gas. Other methods involve wells that are drilled directly into the ground, or through a process called “tracking.”
A. Oil extraction technologies have changed a lot over the years. Today, many companies extract natural gas and petroleum from the ground using hydraulic technologies that extract the hydrocarbons and oil trapped within the porous rock layers underground. At each step of this extraction, there is a chemical reaction that releases the energy trapped within the porous rock. In this case, the energy comes from natural gases like methane and propane hydrocarbons. There are also several other types of energy produced during oil and gas extraction.
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Q. What are the emissions associated with oil extraction? Depending upon the technologies used, there can be a wide range of emissions from natural gas and petroleum production. In the most extreme cases, emissions can be worse than those from a car exhaust. In these cases, companies are often required by law to install “mitigation” devices on their facilities, such as heaters and other equipment that permanently remove the emissions from natural gas and petroleum production.
A. How do you compare the cost of oil and gas compared to alternative technologies? When it comes to oil and gas, prices are increasing over time. There are also other costs like development costs for petroleum and the penetration of communications systems in the country.
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Q. How do you extract petroleum and natural gas from the ground? Technically, it starts with the exploration of a well-known fossil fuel trapped at the reservoir. Then, operators transfer the natural gas or oil into underground storage for later transportation. The process typically continues until the product is extracted permanently, sometimes taking several months.
A. How do you track petroleum and natural gas prices? Gas and oil prices are affected by a number of factors, including supply and demand. Producers typically need to keep producing high quantities of a resource in order to be able to keep selling it. As the demand for petroleum and natural gas rises, prices can fluctuate up and down.
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Q. How do you compare the cost of oil and gas compared to other fuels? During recent years, natural gas and oil have been in a bidding war to become more accessible. Several producers are currently exploring for new sources of these fuels. Some countries, like India, have been using petroleum products derived from natural gas to reduce their dependency on imported oil.
A. What are the environmental effects of petroleum products? Some oil extraction processes release large amounts of greenhouse gases into the atmosphere. Petroleum emissions lead to air pollution, water pollution, acid rain, as well as global climate change.
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Q. How do you compare the cost of oil and natural gas? It is important to note that natural gas and oil are both considered “basically” renewable. When used in place of other sources of energy, they can help to conserve energy and reduce carbon emissions.
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