Running Head: ENERGY AND OIL
Topic: Energy and Oil
Energy and Oil
Two World-Wide Markets: Energy and Oil
Oil forms the lifeblood of the Americas and worlds economy hence making it an issue of great significance. Energy market in the United States of America is quite a vibrant market coordinating vastly the whole economy that is highly industrious. As a matter of fact, oil supplies 44% of energy in the U.S energy market. Most recent statistics also indicate that 99% of the fuel that is used to run Americas cars and trucks comes from oil (Wauquier, 2005). Oil is accountable for nearly everything in our lives and apart from that fact, they are produced by machinery and systems that are dependable on oil and finally transported by oil as diesel fuel or even gas. Liquid petroleum gas, gasoline, naphtha, kerosene diesel fuel, fuel oils, lubricating oils, paraffin wax, asphalt and tar form the core products of oil.
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