Fact Sheets

Oil is Important

The world economy has been developing with oil as its lifeblood for over a hundred of year. Oil is directly responsible for 2.5% of world GDP. Oil and gas powers 100% of all transportation facilities, and is heavily involved in every type of economic activity. Except for number of electric powered vehicles, you can’t move anything, anywhere faster than 25 mph without oil. You cannot operate a modern military, and you cannot run a modern economy without oil and gas. Modern civilization would collapse in a matter of months if oil is stopped flowing. Oil is also important for agriculture. It is truly a condition for the continued existence of most of humanity today.