Topic: Not just money but oil is most important in the World - page 3. (Read 1036 times)

the role of oil is very important, where almost all the equipment that helps us use oil. Therefore, when the price of oil rises, it is certain that the price of all goods will also increase. Therefore, a country that has large oil reserves, usually the country will prosper

One way or another, you are right, everything now runs on oil, oil is everywhere, it is thanks to oil that we have the current technological progress.
However, it is far from necessary that this will continue in the future. Before the advent of electricity, coal was the main source of energy, and what about the coal industry now?

Oil is not "required" for transportation, it is preferred. We do have electric trucks as well so it is not really a required thing, it is a thing that we prefer because it is cheaper. Do you know how hard to manufacture a line of electric trucks? It is both very very very expensive to even be capable of doing that so many car companies are not doing it commonly, but at the same time it doesn't profit you all that much as a car manufacturer, so why would you build something that will break even in 50 years?

The only thing that makes these companies do this is that there is a demand for it and if you could actually end up making a profit for it then you would do it in small scale instead of manufacturing like thousands, just do hundred a month and you can find a buyer and you will be able to fill some void. As soon as they become the norm you will see oil not needed anymore for transportation at all.

Maybe you are right, although now there is a plan to substitute oil with battery but I think battery is not as strong as oil. I think oil mine is also a dangerous thing, imagine if there is a new big oil mine site that found in a place which is not a part of any country maybe strong country like America, Russia or other Western country or china will fight for that. I hope people prioritize their heart rather than their greed which can destroy themselves. Humanity is also an important thing in this world.

Not so long ago, the same was said about horses, wood and coal! Let's take a look - what position do these "3 critical resources" occupy in the life of the modern world?
It will be the same with oil ... Moreover, there is actually a lot of oil ... There is a lot, and its reserves will last for a hundred years or even more, at today's level of consumption! Look at the trends, and you will understand that even after 10 years, consumption will already noticeably decrease.

The fluctuating world oil prices caused uncertainty for industry players. Companies engaged in this sector are also worried about unpredictable fluctuations in oil prices, especially in the midst of the outbreak of the Corona Virus aka COVID-19. and as we know the holder of the largest oil refinery company is the US, which makes the US able to compete in the economy because oil is the main key to the economy and industry but behind that large-scale mining is possible for oil to dry up in the future

Was supposed to say the same thing about EV's and in regards to that battery technology which is one of the factors that the prices of the EV's is something not really that appealing due to
those main factors and also comparing oil powered and Ev's in terms of power then its not that im underestimating those ev's but it is way too far behind i shall say.
Oil is indeed on of the most important thing on this world and there's no way that it could really be taken down by just switching on into a new way in terms of transportation
or any other things related to it.Both would exist and would serve out different markets.

Forget what you see in the news, extinction of oil is something that's not happening anytime soon. It's practically useful in our everyday day life though pollution is a problem.
You talk about solar but you forget to talk about the limitations and the amount of energy generated from oil is way more efficient than solar. You know about of panel and inverter need to power huge industrial engines? That will require lots of cost.
Steam on the other hand need coal or another source of power to keep the energy running.

I believe oil will last for a long time, the presence of electric cars is getting a lot of challenges even from many industrialized countries, they have invested in large amounts of oil so it takes a long time to profit, electric vehicles may only reduce 10% of oil use in the next 50 years .

I agree with you but you don't understand what I am trying to say. The use of oil will fall in the future and people will have no choice but to look for another alternative which is the reason for the creation of the innovative electric car and we shouldn't expect it not to have some flaws in the beginning.

The problem with electric cars is that they also depend on non-renewable resources such as Lithium. So it is not a very sustainable situation. Already EV manufacturers such as Tesla and Nissan are reporting shortages of Lithium and Cobalt. The situation with Cobalt is especially precarious, since most of the deposits are found in the war torn country of Congo. Unless they can come up with a new battery technology, EVs will never get popular. The cost of producing an EV will go further up in the future, due to Li-Co shortage.

Oil is required for transportation. Agreed with that point. But for electricity generation, oil is no longer used. Diesel and Naphtha are no longer used for electricity generation, due to being more expensive when compared to other sources such as coal and Uranium. But oil still have a monopoly for transport. And it is one of the essential sectors. No viable alternative exists right now in the transport sector. EVs are not used on a large scale, because they are much more expensive, and also due to the fact that some of the components used in the EV battery (Lithium, Cobalt.etc) are in short supply.

There's no denying that the US controlled oil but I don't agree that oil is the most important thing or without it, there will be a transportation crisis and no electricity because we're in the 21 century where new innovation technology are introduced every day.  Besides, with electric vehicles created by Tesla and some other ideas that will be developed, it is only a matter of time before oil depreciates in the market.

Oil is the most important. Without oil, we'd have a transportation crisis. Folks will not be able to move their cars, motorcycles, trucks, trains and planes from point A to B. It would be Hell.  Without Oil, the world's electricity will be gone and people live in total blackouts. There would be food shortages worldwide because there'll be no electricity to power your refrigerator. Without the byproducts from crude oil, the world will be without the basic necessities of life, how would we manufacture paints and fertilizers, what about the plastics.

Think about it, not just money but oil is the most important thing in the world.

You misunderstood me a little. I will clarify.
China has a "historical grievance" and regional ambitions for the new empire. "Historical offense" - for the lands that passed to another country, and which China considers primordially its, historically. Further about the territory - have you looked at the map of China? Have you been to central, server and western China? I recommend watching. There is indeed a lot of land there - but you would hardly agree to live there. Therefore, China still has a problem with the territory. And about resources - China needs fresh water, timber, agricultural land! The closest and, in fact, the only place where it is is from its "friend" and its raw material appendage - Russia. Moreover, it was she who not so long ago deprived China of part of its lands, which means that Russia is the most convenient object for solving the above problems. Moreover, you cannot help but notice how Russia is flirting with China, trying to be as "soft and benevolent" as possible, knowing full well that the West is not a supporter of open military confrontation, but China does not care - it has the largest army in the region, assimilated by the Chinese the southeastern part of the Russian Federation, nuclear weapons and "the best communist party in China!"


PS Surprising fact: China is among the leaders in the TOP 3 world suppliers in the following directions:
- Fuel wood (2nd place)
- Business round wood (2nd place)
- Lumber (1 piece)
- Sheet wood materials (1 piece)
- Paper and cardboard (1 piece)

It seems nothing surprising. BUT - according to Chinese law, deforestation is practically prohibited in China. Read more in the "Forest Code of the People's Republic of China". Chapter V. Harvesting of wood. Guess - where does China get its timber from on such a scale?

No matter how "large" the population can become, china has VAST VAST lands, they do not "need" lands to put more people in, the problem they already have is that people are getting into crowded cities instead of expanding to larger areas, there are many many more places in China and that nobody stays right now, this is valid for nearly every nation, usually the capital city (or could be like how New York is not capital but most crowded) or any other city gets super crowded and there are places where you can drive for hours without seeing one house, so it could get to a level where every city is as crowded as the most crowded city and that could mean that population can grow 10x and it would still be fit into the same nation.

The problem is usually food related, and shelter related, if you can't find that even when you have enough of it, that is the biggest problem.

It is like a chain reaction. If the crude prices remain high, then the shale oil producers will pump out more and more oil by fracking. This will increase the supply of crude oil in the market and suppress the prices. And when the crude oil prices go down, the shale producers will once again struggle to balance their finances and then the supply will drop. And when the supply drops, the prices will go up once again. And then the cycle will repeat like an infinite loop. The OPEC and the shale producers need to reach an agreement.

China will fight against the US ? More delirium is hard to come up with! By destroying the United States, both the economy and the financial system of the United States will be destroyed, leading to a world collapse. And China will lose essentially the best creditor and consumer of its economy. This is an allogical concept. What China needs is:
1. New territories, and "old" ones, previously lost during the conflicts of the 19th and 20th centuries. There is both an economic and political need for this. The population is very large. To raise the status of the ruling party, it is necessary to return their "ancestral" lands - from the Urals to Mongolia.
2. Some resources - such as, for example, forest, water, land for agriculture. The most attractive option is the eastern regions of the Russian Federation. Moreover, there is already a massive assimilation of regions by the Chinese. Some cities in the Russian Far East are already almost 90% populated by Chinese.

Have you ever watched the parades of the PRC army? Be sure to check them out - you will find them on YouTube in 5 seconds. Pay attention to the camouflage technique! Camouflage - at a significant part, for operations in snow-covered areas. Now the question is - China will fight against Greenland? Or attack Canada? Or Alaska? Let's think - on whose territory is the Chinese army ready to fight ?! Today it is Russia that has become a resource / territorial appendage for China, which means that China will defend its interests there in the near future ...

yes thats true and now the price of oil is now experiencing a sizable increase, recorded that Brent crude futures rose 1.93 percent or $1.43 to the price of $75.55 per barrel. US West Texas Intermediate futures settled 2.22 percent, or $1.62 higher, at $74.56 a barrel.
This is because the supply of oil in the USA has decreased.
and now US crude and gasoline stocks are down and gasoline demand is at its highest level since 2019.
I think this is what makes oil one of the contestants because it is not only money that has power but it could be with this so that oil is fought for and believe or not there are a lot of disputes that occur because of this oil

The trick is that USA is controlling the whole of Oil market only because that is the thing that does bring power to business, there are soooo many business in the world that relies on oil that there is absolutely no way to get rich without participating even just a slight bit into oil as well, one part of your business relies on oil one way or another. Even if it is not directly based on it, you at least use cars which uses oil/petrol so you end up with it.

So, long story short whenever you find a lot of "energy" which could be oil, gas, green whatever that means you get stronger as a nation because it is THAT much important. Money however can solve all of that, if you are rich enough you could simply buy it in bulk and not have a problem. However what you do with that oil matters, USA controls all of oil yet its citizens die of lack of insulin, whereas Norway has oil yet they are happiest nation in the world.