Crude oil contains 97% of the energy for transport such as cars, trucks in the world. Crude oil is necessary as without it no automobile, industries, etc. runs. It is the most necessary raw materials for the industrialist's nations. It can generate heat,  drive machinery, and fuel vehicle and airplanes.

Crude oil is a fossil fuel that is essential for the development of various sectors in our economy. It is a crucial resource that has significant impacts on our daily lives, and it is one of the most valuable commodities in the world. Below are some of the reasons why crude oil is essential for development:

Energy Production
Crude oil is a vital source of energy, and it is used to produce electricity and fuel for transportation. It is the primary source of energy for the generation of electricity in power plants, and it is also used to power vehicles, airplanes, and ships.

Industrial Production
Crude oil is used in the production of various industrial products such as plastics, fertilizers, paints, pharmaceuticals, and many others. These products are essential for the development of industries that produce consumer goods.

Job Creation
The crude oil industry is a significant employer in many countries. The industry offers employment opportunities in various sectors such as exploration, production, transportation, and refining. The creation of jobs in the industry has a positive impact on economic development.

Revenue Generation
Crude oil is a valuable commodity that generates significant revenue for countries that produce it. The revenue generated from the export of crude oil can be used to finance various developmental projects such as infrastructure, education, and healthcare.

Technology Development
The exploration and production of crude oil require advanced technology, which contributes to the development of technological advancements. The development of new technologies has a positive impact on various sectors of the economy, such as healthcare, agriculture, and communication.

In conclusion, crude oil is an essential resource that is vital for the development of various sectors of the economy. It is a valuable commodity that generates significant revenue and creates employment opportunities. The exploration and production of crude oil also contribute to technological advancements that have a positive impact on the economy.