An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic (immiscible with water, literally “water fearing”) and lipophilic (miscible with other oils, literally “fat loving”).

Oils have a high carbon and hydrogen content and are usually flammable and slippery.

In terms of transportation, oil is used to power gas-powered vehicles. This has been a major source of energy for many countries around the world, but America’s dependence on foreign oil has decreased in recent years.

Oil is also used for heating homes and businesses. In fact, it is one of the most common sources of energy for residential and commercial buildings. Additionally, oil is used in manufacturing processes to create products such as plastics and pharmaceuticals.

Overall, oil plays an important role in our everyday lives by providing us with energy and materials that we use on a daily basis.


About the author

Nathan Tarrant

Nathan has worked in financial services, marketing, and strategic business growth for over 30 years. He was the founder and COO of a Queens award-winning financial services company based in the UK.

He operated as a financial & alternative investment advisor to delegates of the UN, World Health Organization, and senior managers of Fortune 500 companies in Geneva Switzerland, after the 2008 financial crash.

Today he is head of operations and marketing for Ascenture Capital Group based in Virginia.

Add Comment

Click here to post a comment