Oil, one of the most energy dense and portable forms of power, is also one of the most important commodities in the world right now over which many a battles have been fought.
Will the oil resources being depleting in many of the countries, most of the resources have already reached their peak even when day by day our demands and needs for oil are increasing steadily with the developments in technology.
In most cases, humans have been exploring newer avenues in search on not just oil but also for materials that might act as a substitute so that the requirements might be fulfilled.
United States and the European Union have been found to be the two topmost consumers of oil in recent times.