The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries.
The history of human culture can be viewed as the progressive development of new energy sources and their associated conversion technologies. Advances in our understanding of energy have produced unparalleled transformations of society, as exemplified by James Watt’s steam engine and the discovery of oil. These transformations increased the ability of humans to exploit both additional energy and other resources, and hence to increase the comfort, longevity, and affluence of humans, as well as their numbers. Energy is related to human development in three important ways: as a motor of economic growth, as a principal source of environmental stress, and as a prerequisite for meeting basic human needs.
Each energy fuel alternative has a different combination of economic, political, technological, social, and environmental attributes. In this section we will explore various segments of energy and provide you with comprehensive knowledge base on Energy.
What is energy and how it has become so relevant in our lives. What are the sources of energy and can we convert one form of energy to other? Get answers to these questions and understand the distinction between energy and power.