The Impact of the Oil and Gas Industry on the World

Oil production is a multibillion dollar industry that affects the world at various levels including the environment and the economy and these effects can be considered positive or negative. People rely on many petroleum products everyday, but oil drilling is a controversial topic for a long time. Oil spill risks wildlife and causes pollution War on land with intense war is just a part of the devastating problem that has caused intense debate in solving oil problems.

Drilling of petroleum and natural gas has had widespread adverse effects on economic and environmental conditions, but we can not deny relying on world dependence on these products. Demand for crude oil is $ 90 million a day, which is a big issue. As demand increases, ie alternative supply sources have been investigated beyond supply (Kelland, 2014). There is no risk in the oil and gas industry, safety is the most important factor. It has been pointed out that the oil and gas industry has environmental risks associated with it, such as water pollution and the release of air pollutants that adversely affect the environment. These harmful gases cause global warming and may cause damage to the environment such as melting of polar ice. Oil spill is a major disaster caused by the oil and gas industry, as many oil reserves are under the sea.

The oil and gas industry is a very dangerous industry. With the pressure on these industries rising, oil and gas production is increasing, which increases the risk of accidents. As oil and natural gas are drilled from the ocean floor, equipment used in these industries can be damaged by high pressure water above it. Even within 30 minutes, if oil or gas leaks under the ocean, it may cause serious damage to surrounding environment. When gas leaks during extraction the air temperature rises and at the end of the cycle the temperature of air rapidly melts the polar ice caps. Accidents such as Exxon Valdez and BP oil spills had a huge damage to the environment, killed millions of creatures and destroyed people's lever covers. In our survey, many companies did not care about the environment, but we found out that they do not care about their image.

As the oil and gas industry expands worldwide, the impact it has on life and the environment should be alarming. In recent years, the petroleum industry has recorded large quantities of water leaks, fires, toxic substance emissions, explosions and human injuries. The most recent was Macando's disaster, its tragic loss of life, catastrophic impact to the Gulf, and financial loss to affiliates. Regulators have implemented new reforms to make HSE a business case for companies, especially SMEs. The managers of these SMEs must formulate corporate policies to achieve environmental and business goals through HSE. Laws should be implemented in full compliance with employers and employees.