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Essay on "oil conservation a way of life?

Hey tell me essay abt....... "Oil & Gas conservation and its relevance in daily life".....?

  • Answer:

    Depends a bit on what you mean by conservation. If you mean "getting more energy from a unit of oil or gas", then it means that energy has greater productivity. Productivity compounds growth. If by conservation you mean "avoid using a unit of oil or gas today in order to use it tomorrow", then that makes little sense economically. The only economic value of energy is using it to produce things that have even greater value. If you can use a unit of oil to produce something worth $10 today, there is little point in deferring the production of that $10 until tomorrow. In fact, since economic growth is subject to compounding, delaying use could actually reduce the present value of the oil or gas.

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