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How oil businesses are considering alternative sources of energy

Tags: energy

Everyone knows that the planet we live on has a limited supply of fossil fuels and that those supplies are nearing their end. However, we need Energy, so it makes sense for those businesses that currently supply oil to be looking into alternative sources of energy to meet our energy demands.

The oil industry

Since the early 20th century, chief of the fossil fuels we need has been oil. Indeed, oil is so valuable a resource that it was originally nicknamed “black gold.” Oil powered the huge machines that were being invented in the construction sector, and was used in the development of railway systems, and as a fuel in the home and in domestic vehicles. The majority of us use oil on a daily basis, as it is the fuel used to power 90% of the planet’s cars.

The problem is that being so dependent on oil in daily life, we are soon going to notice if supplies of this convenient fuel source become scarce. This is why oil businesses, for their own survival in the modern world, must consider alternative sources of energy. One such oil company is that co-founded by Nasib Piriyev, PNN Group, which has several refineries in the CIS region. PNN Group is exploring how it can move into the renewable energy sector.

Just what are these alternative, renewable sources?

Many of us are already familiar with solar energy. We are able to harness around 30% of the energy given off by the Sun with the use of solar panels, which are becoming quite common features on roofs. We can harness energy to heat our home and power our domestic goods by collecting the energy, converting it and then storing it for use as and when we need it.

A more controversial alternative energy source is wind. Turbines collect wind and convert the energy. At present, wind turbines are mostly used for industrial purposes. Wind power is non-polluting, but it has its drawbacks. Turbines can be noisy and so are not acceptable near residential areas, and they are only of use in areas that normally experience high winds.

Then there is geothermal energy, which means using energy that is drawn from beneath the Earth’s crust in the level that contains magma. Digging down to below 10,000 metres means encountering heat that is hot enough to boil water. This boiling water produces steam that can be captured using geothermal heat pumps, and which turn turbines that activate generators. Geothermal energy is non-polluting, but like wind turbines, is not suitable for everywhere on the planet: the power stations are hugely expensive to set up, and there is the possibility of dangerous gases being released along with the steam.

For the sake of our own future, as well as for the sake of our planet, oil businesses need to be looking into how they can provide renewable energy, energy that keeps our daily lives moving and that does no harm to the Earth.

This post first appeared on Your Industry News Blog | The Global Leader For Yo, please read the originial post: here

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How oil businesses are considering alternative sources of energy


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