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Oil is widely used because it...

User Kdubs
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Answer: because it is cheap, easily transported, has a high net energy, AND low cost

User Stone Mason
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Answer:

Oil and gas are used widely in modern life. Oil fuels the cars, trucks and planes that underpin modern economies and lifestyles. Nearly all pesticides and many fertilisers are made from oil or oil byproducts. Gas provides electricity and is also used for cooking, heating houses and buildings, and heating water.

User Techdive
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