Free Essay Example - Welfares of Oil Boring

Oil boring is a process whereby pipes and tubes are drilled deep into the ground's superficial, and in the process, a shaft is formed. Through the cells, a machine in the form of a pump is connected, and the unrefined oil (crude oil) under the ground is pushed or sucked from the ground into the surface by use of high pressure. Crude oil is extracted from different parts of the world since it is one of the most valuable resources in the universe. Oil companies obtain oil from under the ground through the drilling method. Crude oil contains a lot of different components, it consists of petroleum, which has numerous uses, and petroleum is mainly used to propel cars, planes, and even ships, (Ruiz, Marrero & Hernandez 2018). It is used in lubrication. Companies that drill oils are required to be mindful and careful, so the drilling process offers a lot of benefits for both the economy in the global world and the global environment.

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Unrefined oil (crude oil), when it is refined or processed, it offers unbelievably different components in a lot of families. Oil drilling has a lot of benefits, though less discussed. To begin with, is that the drilling process?

Energy benefits

When someone talks about oil drilling and anything that deals with crude oil, the first thing to come in mind is energy. Energy is a vital and essential factor in the operation of any doing in the whole world. It is believed that though there are some renewable energy sources, they are not reliable and are not as widespread as oil, (Thomas, Partridge, Hawthorn, & Pidgeon, 2017). When it comes to the generation of energy, fuel is referred to as one of the most accessible sources of all. Oil is conventional throughout the world, and this means that similar oils are used throughout the world. Oil is relatively easy in terms of collection and distribution, and this is considered when the company involved in transportation and drilling operations takes proper care as well as appropriate safety precautions.

Economic benefits

As a financial benefit of oil drilling, the procedure of drilling, obtaining, purifying, and even the usage of unpolished oil by-products need a lot of people to provide the labour that is needed. The drilling company built and operating around the oil drilling area creates various job opportunities in multiple fields within the company and outside the company. These jobs may include shipping, transportation, and even medical research. In this field of job creation, there are immediate benefits of oil boring, which originates in the method of formation of jobs and boosting financial growth.

Apart from offering jobs, crude oil is useful but not in its raw state. After the refinement, some products such as the furniture, the cosmetics kinds of stuff, and medicine come from the petroleum product, whereby they are utilized throughout the world. This is as a result of oil drilling. Besides, it is also a source of gasoline, which is used as a jet power in today's form of transportation.To continue is that, when there is oil drilling with the company, there will be a decrease in the domestic energy cost. This is because there will be a decrease in the importation of oil from other countries. An example was when the United States of America augmented oil boring in Alaska; it led to the increase in job creation and a reduction in national energy cost.

Environmental benefits.

Besides the economic and immediate benefits, oil drilling can have long term benefits to the environment, especially when the process is done in offshores in coastal areas. Oil seepage is one of the causes of sea pollutions. These seepages push methane gas into the biosphere, causing the oil to slick into the water, which interns causes the contamination into the water negatively affecting the sea creatures, (Caldarola, Akhtarmanesh, Cedola, Qader, & Hareland, 2016). Oil drilling is known and understood for reducing the compression oil pools, which are in the subversive, which intern decreases the seepage of the hydrocarbon as well as the amount of some gases like the methane gas in the air. Some scientists came up with theories that explain that when the act of oil drilling is increased, there could be a long term benefit to the environment since the aquatic and atmospheric conditions will be favoured.

In conclusion, oil drilling, especially offshore oil drilling, is a relatively extremely positive sector that has inexhaustible advantages. Because of these advantages, many drilling firms are engaging and continually engaging in oil drilling by growing and expanding. Other companies maybe at one point or the other are involved on the periphery of the industry as well as providing services and products to the ones within the gas and oil market. To conclude with the economic and environmental importance comes with risks, drilling risks, and oil spillage risks which cause a disaster to the aquatic life. When the action of oil drilling is unrestricted, the oil drilling cost is higher than the benefits. Still, when restrictions are applied and monitored correctly, the benefits are more substantial than the risk.

References

Thomas, M., Partridge, T., Harthorn, B. H., & Pidgeon, N. (2017). Deliberating the perceived risks, benefits, and societal implications of shale gas and oil extraction by hydraulic fracturing in the US and UK. Nature Energy, 2(5), 17054.

Caldarola, V. T., Akhtarmanesh, S., Cedola, A. E., Qader, R., & Hareland, G. (2016, June). Potential Directional Drilling Benefits of Barite Nanoparticles in Weighted Water-Based Drilling Fluids. In 50th US Rock Mechanics/Geomechanics Symposium. American Rock Mechanics Association.

Ruiz, C., Marrero, R., & Hernandez, B. (2018). Influence of emotions on the acceptance of an oil drilling project. Environment and Behavior, 50(3), 324-349.