Petroleum is touted as one of nature’s greatest gifts to mankind as it has become a commodity used in every facet of society. Due to this, countries that own this commodity continually dictate, dominate and control the world’s price market.
Virtually, all of the world’s largest producers of the black gold from the U.S., Africa, the Middle East and Asia enjoy foreign direct investment in this sector and other auxiliary benefits.
According to a 2015 research, the oil and gas industry’s total employment in operational and capital investment in the US amounted to 10.3 million full-time and part-time jobs and accounted for 5.6% of total US employment.
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In Africa, it should be noted that most of the direct jobs created by the African oil and gas industry are in the development and construction phases, while the exploration phase requires employees with strong technical knowledge to fill positions in relation to geological and geophysical surveys and data evaluation.
However, what is the true value of petroleum?
To many, the commodity is merely used for the generation of gas, kerosene and petrol. However, there are supplementary benefits people didn’t even realize existed.
Despite the notion that the main product from petroleum is gas, kerosene and petrol, below are five common products that were made from petroleum you might not know about: