Oil (crude and petroleum) is one of the major resources on earth in which the economy of a country is largely dependent on. These are non-renewable resources, which take thousands to million years of years in order to form.
It is highly essential. Every day, a large quantity of oil is being consumed. According to the researches done in the year 2015, it has been observed that the average global consumption of oil was 95 million barrels each day.
It has a high demand, and so it is being regularly used, and it has also been predicted that the present global oil reserves would be highly exhausted within the next 50 years.
Nonmetals which are located in the second row form pi bonds
more easily than the elements situated in the third row and below. Actually there
are no compounds or molecules known that forms covalent bonds to the noble gas
Ne and Ar. Hence the other second row element which is Carbon, is the element that
forms
pi bonds most readily.