Why oil and gas industry is important
Oil is the lifeblood of developed countries. Since the mid-1950s, oil has been the world's most important source of energy. Its products are essential to modern life, providing energy to power industry, heat homes, and fuel for vehicles and planes that transport goods and people around the world.
In fact, oil meets 97 percent of the transport sector's demand in the United Kingdom. It also enhances our lives by being necessary for the manufacturing of numerous common necessities.