Through science and technology, they have been able to improve the methods in which to locate one of the most important raw materials available. Founded in 1908, BP is one of the world’s leading international oil and gas companies. Their services with oil and gas include providing fuel for transportation, energy for heat and light, lubricants for engines and other petrochemical products that are used to make every day items. BP uses high-end technology and intricate technique to find oil and gas underneath the earth’s surface. Although oilrigs are... ... middle of paper ... ...l, panel finds.
The existence of crude oil has been known for centuries, and throughout time the growing demand for the resource has driven the exploration, and production to its highest expansion. The Earths' natural reserve of crude oil is finite; it is not a renewable resource. Corn and Copeland stated that based on survey studies one-half of the remaining undiscovered crude oil and natural gas lie under the oceans and seas. According to the book "Public Reaction to Offshore Oil", the demand for crude oil is still increasing and there is no doubt, the resource is depleting and in the future, the world's production will be forced to start declining. Even though water bodies are extremely sensitive ecosystem, as demand for petroleum keeps rising and technological innovations developed offshore drilling introduced to satisfy the rising demand (Corn, and Copeland).
In addition, the oil and gas industry have changes there practices and are working with the government under new laws and regulation to prevent a future oil spill. On April 20, 2010, an event that became known as the Deepwater Horizon oil spill occurred. It is sometime referred to as the BP oil spill, as BP was the company operating on the Deep Water horizon at the time of the spill. This oil spill is considered one of the largest oil spills in history as approximately 4.9 million barrels of oil made its way into the open ocean, reaching as far away as Florida. The oil spills occur due to a combination of system failure and human error.