Risks surrounding oil drilling include oil spills and ocean acidification, which damage the ecosystem.Crude oil is typically obtained through drilling, where it is usually found alongside other resources, such as natural gas (which is lighter, and therefore sits above the crude oil) and saline water (which is denser, and sinks below).

If the futures prices are lower than the spot prices, this means that buyers expect the market to deteriorate.heavy reliance on fossil fuels is cited as one of the main causes of global warming, a topic that has gained traction in the past 20 years.

Synonyms and Antonyms of oil a picture created with oil paint that artist is known to have created only oils and charcoal sketches, synonyms of oil, words Related to oil fresco, mural, panorama diptych, triptych acrylic, aquarelle, gouache, watercolor distemper, drawing, etching, finger painting, pastel.An oil futures contract is an agreement to buy or sell a certain number of barrels set amount of oil at a predetermined price, on a predetermined date.