Which Alternatives Exist to Oil and Petroleum? An Analysis of their Costs and Effectiveness

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Essay from the year 2019 in the subject Energy Sciences, , language: English, abstract: This essay analyses alternatives to oil and petroleum. Petroleum and its by-products manufactured from crude oil are major sources of energy used as fuels for different forms of transportation, industry, and domestic electricity. Petroleum has also been used to manufacture several products, such as cosmetics, tyres, pesticides, and plastics, which are important components of daily life. Countries that have historically depended on the production and exportation of oil and petroleum have made a massive economic gain.However, in the recent past, there have been increased calls to reduce the over-reliance and usage of petroleum due to its negative economic impacts. Consequently, the campaign has been centred on adopting an alternative to oil/petroleum, such as renewable energy, natural gas, biodiesel, electricity, and bio-alcohol. In this essay, the alternative sources of oil/petroleum are discussed, including their costs and effectiveness.