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What is the importance of petroleum in the world?

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It is a mixture of other hydrocarbon compounds such as natural gas, gasoline, kerosene, asphalt, and, probably most important, fuel oil. Today, most ... Most of the world's petroleum reservoirs lie deep underground in structures called anticlines—gently folded layers of rock that form an arch above the deposit. read more

Although oil constitutes a major petrochemical feedstock, its primary importance is as an energy source on which the world economy depends. The significance of oil as a world energy source is difficult to overdramatize. read more

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