2) Easy Availability, Infrastructure for Transport and Use – Oil is widely distributed in almost all parts of the world. Also there exists a massive infrastructure to transport oil to other places through ships, pipelines and tankers. This means that oil is available throughout the world.
3) Crucial for wide variety of Industries – Besides Transport,Oil is a critical component in a wide variety of other industries. It is difficult to think of a commodity which has such a huge role to play in a wide variety of human products from Vaseline, cloth, medicines etc.
4) Easy to Produce and Refine – Oil is not very difficult to produce though most of the low cost locations have already been depleted. Now Oil is being mined off the coasts in seas and also tar sands. Oil Refinery Technology is also quite old and mature which implies that refining of oil to get valuable products like diesel, petrol is also quite easy.
5) Constant Power Source and Reliability – Unlike solar and wind energy, oil can produce power 24/7 and is highly reliable. Oil engines are a mature technology and highly reliable to work with.