A
large fraction of energy demand is fulfilled by petroleum oil fractions
worldwide followed by coal, natural gas, renewable combustible waste, nuclear
and hydro energies. Petroleum oil is the backbone of a country to meet itsenergy demand. However, the imbalance of energy consumption is prevalent around
the world due to rapidly depleting energy reserves and escalating oil demand.
As petroleum is the most abundant and most highly consumed energy source
currently, it is expected that these energy tanks will be empty very soon in near
the future.
To refill these tanks, there is a need to explore some other energy
substitutes or their sources which can meet and compensate energy requirement
and energy depletion respectively, in the coming years. Energy demand can be
met by exploring new energy sources along with the smart management for oil
utilization strategies. Here our concept presented is “The utilization of
petroleum oil to a maximum extent as an energy source.” We have limited oil
reserves worldwide which are drilled continuously for oil production to the
peak. Interestingly a large portion of the petroleum oil remains unused and is
wasted due to unavailability of processing technology that is economical. Read more......................
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