What are the basic factors of production in the petroleum industry?

2 Responses to “What are the basic factors of production in the petroleum industry?”

  1. WarrenBB Says:

    Land, used to get the oil

    Labor – guys in hardhats that do the dirty work, guys in white coats who refine the oil, etc

    Capital – oil rigs, big oil ships, big pipelines, refineries, fuel trucks

  2. Cthulhu fhtagn! Says:

    Materials: oil, energy

    Capital: refinery plants, gas stations, pipelines and trucks to transport gas.

    Labor to run it all, especially chemistry majors to run refinery plants.