11 Largest Oil Reserves by Country in the World in 2021
There are perhaps few resources more important globally than oil. Since the mid 1950s, oil has been considered the most important energy source globally, and has in fact been the cause of a lot of tension and even war. Without oil, modern society would not exist, being the main source of supply to the power sector, in addition to providing fuel for airplanes and of course, vehicles to transport people and goods across. In the United Kingdom, 97% of transport demands are met through oil, simply underscoring how essential it is. The refined products of oil are used in many other vital products such as plastics, detergents and even medicine in addition paints.