Unconventional oil is petroleum produced or extracted using techniques other than the conventional (oil well) method. Oil industries and governments across the globe are investing in unconventional oil sources due to the increasing scarcity of conventional oil reserves. Although the depletion of such reserves is evident, unconventional oil production is a less efficient process and has greater environmental impacts than that of conventional oil production.
Read more about Unconventional Oil: Sources of Unconventional Oil, Environmental Concerns, Economics
Famous quotes containing the word oil:
“As artists they’re rot, but as providers they’re oil wells; they gush. Norris said she never wrote a story unless it was fun to do. I understand Ferber whistles at her typewriter. And there was that poor sucker Flaubert rolling around on his floor for three days looking for the right word.”
—Dorothy Parker (1893–1967)