62 Best Oil Questions and Answers (Q&A) - ProProfs Discuss

Is there a nexus between oil corporations and the American government?

J.Barbara
Answered: Feb 27, 2018

Nexus is a link between a couple of things. There seem to be connections between big businesses and the American government even though it shouldn’t be since businesses shouldn’t...Read More

1 Answer

260 views

Is Shell going to replace oil and gas in American subcontinent?

J.Barbara
Answered: Feb 27, 2018

Shell corporation is a company that at one time sold gas. There were many gas stations owned by Shell which now is no longer active. The company still exists but there are no headquarters and no...Read More

1 Answer

259 views

Why did the OPEC drastically reduced the oil prices?

J.Barbara
Answered: Feb 27, 2018

OPEC stands for the Organization of the Petroleum Exporting Countries. It is an organization that was formed in 1960 with the main oil producing countries that have the largest oil reserves in...Read More

1 Answer

255 views

What is the difference between Coconut Butter and Coconut Oil?

Robert Hazlewood, Senior Executive
Answered: Jul 29, 2019

The main difference between the two is that coconut oil has been extracted from coconut meat, while coconut butter is produced from coconut flesh which has been ground into a spreadable paste....Read More

2 Answers

253 views

How are oil prices regulated?

Leo Samuels, Content Writer
Answered: Jul 16, 2019

Oil prices are regulated in a very complicated manner that doesn't go by supply and demand, as most other products do. It isn't restricted on market sentiment toward the physical products, in...Read More

1 Answer

253 views

How is oil formed?

J. Alfie, Content Writer
Answered: Jul 16, 2019

Oil is formed many years before it is ever actually called oil. It is something that takes very long, and specific circumstances have to be just right for it to form. The way crude oil is created...Read More

1 Answer

251 views

Was British Petroleum (BP) fined sufficiently for its oil spill in the Gulf of Mexico?

J.Barbara
Answered: Feb 27, 2018

In mid-2010, the oil well site that BP owns and operates produced a leak in the Gulf of Mexico. Almost five million barrels of oil was believed to have spilled the oil into the water. If that...Read More

1 Answer

249 views

Is the method of extraction of natural gas and oil different?

J.Barbara
Answered: Feb 27, 2018

Many houses use both natural gas and oil. One appliance that can use either gas or oil is the furnace. Based on cost, natural gas costs significantly less than heating oil does to run the...Read More

1 Answer

247 views

What has been the impact of Paris agreement on the oil corporations around the world?

J.Barbara
Answered: Feb 27, 2018

The Paris Agreement was signed and adopted in the 2015 about the climate. This agreement wanted to help the greenhouse gases and other problems that affect the climate. Almost 200 countries...Read More

1 Answer

245 views

What is the difference between Olive Oil and Canola Oil?

Malcolm Carneal, Digital Nomad
Answered: Jul 05, 2019

Canola oil is made from the seed of any of the several kinds of rape plants belonging to the mustard family. Olive oil is extracted from olives. It comes from the fruit of the olive tree. Olive...Read More

1 Answer

244 views

How much oil is left in the Earth?

Leo Samuels, Content Writer
Answered: Jul 16, 2019

Oil is running out. It is not a useful renewable source of energy. It takes a long time to renew the source, like millions of years, so running out is a big concern. There are over 34 billion...Read More

1 Answer

244 views

Is OPEC responsible for setting the global oil prices?

J.Barbara
Answered: Feb 27, 2018

OPEC does have some responsibility for setting the global oil prices. About fourteen nations are included in OPEC. These nations are known as being the ones that have the largest oil reserves and...Read More

1 Answer

243 views

How much oil does the U.S. consume?

J. Alfie, Content Writer
Answered: Jul 16, 2019

The United States consumes a lot of oil. They aren't doing much to conserve it, which is obvious in their numbers. Last year alone, the U.S. consumed a whopping average of about 20.5 million...Read More

1 Answer

240 views

Why do oil-rich countries have such high diplomatic strength?

Leo Samuels, Content Writer
Answered: Jul 16, 2019

Oil-rich countries have a lot of power. They have a massive benefit because they have bargaining resources. They can enforce embargoes or raise the price, according to what they are trying to get...Read More

1 Answer

237 views

Why did oil become such a coveted resource?

Leo Samuels, Content Writer
Answered: Jul 16, 2019

Oil became a very coveted resource when the oil industry as we know it began supplying much of the world in the mid-19th Century. It all happened due to the discovery of the world's first...Read More

1 Answer

237 views

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