Mining Research - Oil economics

by Twila Damiano, June 2014

300 words

1 page


Economic reasons for mining oil

Oil is an economic product in the world. When traded, oil is a good source of money, which has enabled many nations to be developed. Oil is a product used to make many products for trading and other activies. For instance, oil is a by product for making oil substances as cooking oil, driving fuel, mechanical grease, and many others. These substances are also tradable and hence serve to make money. In the market, oil prices are the highest. Hence, they have made many nations and individual people to be economically stable. For instance, many nations in the United Arab Emirates are economically stable because of trading oil and its products.

Methods of mining oil:

Strip mining

This oil mining method involves the removal of the overburden under which is oil. This is done by use of excavating machines that also transports the material across the excavation and finally dumps it at the ore. This method is applied when the ore is tabular shallow, and of less than ten degrees.

Shaft mining

This method involves insertion of a shaft, which bears two-sandwiched pathways through which the material is transported to the surface. Shafts are tubes, which run through tunnels and suck out the material being mined. Oil is transported to the surface through these shafts.


Drilling involves excavation of the material cover, which bears oil. Oil-bearing material is then accessed through drills, which run to the surface. Drills are normally solid tools, which are used to make a hole that reach to the oil-bearing rock and then transport the material to the surface (Gardner and Charles 20-63).

Environmental effects

Mining of oil has significant effects on the environment. First, it leads to displacement of people. Second, excavation leads to dereliction problems where large trucks of land are left shapeless and inaccessible for settlement and other farming activities. Moreover, some oil-bearing rocks are poisonous to the environment. Often, oil mining leads to pollution of the immediate environment, plants and animals due to release of toxic substances and gases into the atmosphere. Moreover, there are human-health risks as accidents and inhalation of poisonous substances that costs human life (Gedicks 45-58).

Works cited

Gardner, E D, and Charles N. Bell. Proposed Methods and Estimated Costs of Mining Oil Shale at Rulison, Colo. Washington, D.C.: U.S. Dept. of the Interior, Bureau of Mines, 1942. Print.

Gedicks, A., L. Resource Rebels: Native Challenges to Mining and Oil Corporations. Cambridge, MA: South End Press, 2001. …

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