Look at the following data for crude oil The table gives an estimate of reserves of crude oil - Social Science - Rise of Nationalism in India (History)

Question

Look at the following data for crude oil

The table gives an estimate of reserves of crude oil (column 1)
More important, it also tells us for how many years the stock of
crude oil will last if people continue to extract it at the present
rate The reserves would last only 53 years more This is for the
world as a whole However different countries face different
situations Countries like India depend on importing oil from abroad
because they do not have enough stocks of their own If the prices
of oil increase this becomes a burden for everyone There are
countries like USA which have low reserves and hence want to secure
oil through military or economic power

The question of sustainability of development raises many
fundamentally new issues about the nature and process of
development
(a) Is crude oil essential for the development process in a
country'? Discuss
(b) India has to import crude oil What problems do you anticipate
for the country looking at the above situation?

Umake Zaman Thoker · Accepted Answer

Dear student you should ask single query in a thread:
a Yes, crude oil is essential for the development of a country
Crude oil provides the base of industrial advancement

97% of the energy required for transportation is provided by
crude oil A product called Premium Motor Spirit that is derived
from crude oil is essential for vehicles
U S A still depends on crude oil and gas for the generation of
20% of its electricity
Crude oil is also essential for the production of plastics,
paints, petrochemicals and synthetic fabrics
The economies of several nations also depend on the export of
crude oils