Topic: Not just money but oil is most important in the World - page 5. (Read 1036 times)
They believe that whoever controls oil, controls the world that why they are very much crazy about oil. There are some quite facts about it due to the fact that oil is the one who moves everything on earth but with recent innovations on energy consumptions, countries are trying to lessen their carbon footprints and the rise of solar energy is inevitable.
You may say it like that but there is one thing you are wrong about the most important instead you should have said it that oil is one of the most important in the world. How about money, you need money too right to buy important parts for the oil rig to pump oil. This is basically the same as the food is the most important in the world but the truth is that you can't have food when there is no land (an example for comparing between the two).
Crude oil certainly does have a large influence on economic activity, there is no doubt about that.
But that influence is shrinking substantially as EV's become more and more popular and realistic as a form of transport by the day. This can be clearly seen by the EV SPAC boom earlier last year and the huge runup TSLA has had.
No single asset is "most important", period. They all have their boom and bust phases.
But that influence is shrinking substantially as EV's become more and more popular and realistic as a form of transport by the day. This can be clearly seen by the EV SPAC boom earlier last year and the huge runup TSLA has had.
No single asset is "most important", period. They all have their boom and bust phases.
TSLA run up was a bit weird to be honest. It almost looked like a coordinated pump. There is literally no data backing that run up up in any way. TSLA hardly produces any cars, profits come from certificate trading and Bitcoin. Apple partnered with KIA and is most likely launching three models at the same time in 2024. Yet TSLA is already one third the market capitalization of Apple. I don't think Apple cars will be inferior. It is not that competitors stand still and Musk is producing record numbers on a daily basis.
But yes, the influence of crude oil will go down over time. Will be exciting to see how the Saudis manage that transition.
Crude oil certainly does have a large influence on economic activity, there is no doubt about that.
But that influence is shrinking substantially as EV's become more and more popular and realistic as a form of transport by the day. This can be clearly seen by the EV SPAC boom earlier last year and the huge runup TSLA has had.
No single asset is "most important", period. They all have their boom and bust phases.
But that influence is shrinking substantially as EV's become more and more popular and realistic as a form of transport by the day. This can be clearly seen by the EV SPAC boom earlier last year and the huge runup TSLA has had.
No single asset is "most important", period. They all have their boom and bust phases.
America has become a superpower. only China can make America restless. If the Middle East (Arabic) countries no longer cooperate with America in terms of crude oil, America's power could be weakened. but if there was another super power country, would it be friendlier? No one knows. but I don't think that will ever happen. anyone who has a contract with America then it is very difficult for them to escape. America must want it.
China is making everyone restless already, that is no future music. China is buying into the stock markets all around the world, conquering Africa and monetizing it for their purposes and they have an incredible army of well educated IT specialist even at their youngest age. The times ahead of us are interesting.
Oil is important because the oil barons tells us that it's important and they want to be a monopoly for fuel. Electric cars have been here for a long time but they don't seem to gain traction because oil barons are suppressing the popularity of it because their oil will be worthless.
You don't think crypto or bitcoin is the same. Must of this so called shillers we see on twitter and YouTube are big holder in some coins that's why they always use that medium to tarnish the traditional system. The thing is every one is trying to survive and its always competing.
Look at how World Bank reject bitcoin when a country president seek for their help because they fee3its not suitable for economy.
America has become a superpower. only China can make America restless. If the Middle East (Arabic) countries no longer cooperate with America in terms of crude oil, America's power could be weakened. but if there was another super power country, would it be friendlier? No one knows. but I don't think that will ever happen. anyone who has a contract with America then it is very difficult for them to escape. America must want it.
Oil is not everything, you know. And moreover there are starting to be lots of alternatives that are coming out these days. We are seeing things like electric cars, stoves and others that are not depending on oil like it used to be before. We have passed where almost everything had to depend on oil to function, this time around it’s totally different.
So don’t say that having oil makes a country the world power, if oil determines the level of power , then you should know that there are lots of other countries that has oil more than the US. And if it’s all about value of currency, then you should as well know that there are other currencies that are worth more than the USD. From the way you’re saying all these things, seems to me you still have a long way to go in this.
Yeah, oil will get less and less valuable that's the truth. I know it is not going to be today, but between hydro which has been a thing for decades, solar and wind we are going to have renewable energy everywhere, more and more cars are electric, more and more productions in factories are getting electricity from renewable, and more and more places decline to use oil because of the high taxes required which was put in use to lower oil use.So don’t say that having oil makes a country the world power, if oil determines the level of power , then you should know that there are lots of other countries that has oil more than the US. And if it’s all about value of currency, then you should as well know that there are other currencies that are worth more than the USD. From the way you’re saying all these things, seems to me you still have a long way to go in this.
Basically there will be a moment where oil will be so cheap, you will have to pay to own it which happened in last march as well, it was literally negative price, you had to pay to own it, let alone have a worth in positive so you can sell. That was the first time, and it will happen again in the future and eventually there will be less and less produced, we do not have infinite amount of oil in the world, we need to move away from it as soon as possible.
Oil is important because the oil barons tells us that it's important and they want to be a monopoly for fuel. Electric cars have been here for a long time but they don't seem to gain traction because oil barons are suppressing the popularity of it because their oil will be worthless.
Both are needed to survive both money and oil are important the price of oil has been directly affected by the coronavirus not that. On the contrary there is another indirect reason behind it the negative impact of the coronavirus has led to a drop in global oil demand which has been a direct factor another reason for the decline in prices is that oil supply is increasing despite declining demand. Technology will increase the use of oil as a last resort oil is the main driving force of world economic activity.
Everything around us had a special used need for us to live and survive, we can't certainly hide such a thing.
However, some innovations had come, not just for now but probably in the future that we no longer use oil or to its minimal level only. As we are aiming to help global warming, the more eager we create things like cars that will not use crude oil anymore.
Well, the process and development could take so long but this gonna be happening.
Currently, many are competing to improve environmentally friendly technology, when humans think that global warming is increasingly threatening the earth, then currently environmentally friendly energy is being developed. and of course to change that habit not in the blink of an eye, it takes a long process, just like biodiesel which uses energy from plant products However, some innovations had come, not just for now but probably in the future that we no longer use oil or to its minimal level only. As we are aiming to help global warming, the more eager we create things like cars that will not use crude oil anymore.
Well, the process and development could take so long but this gonna be happening.
Everything around us had a special used need for us to live and survive, we can't certainly hide such a thing.
However, some innovations had come, not just for now but probably in the future that we no longer use oil or to its minimal level only. As we are aiming to help global warming, the more eager we create things like cars that will not use crude oil anymore.
Well, the process and development could take so long but this gonna be happening.
However, some innovations had come, not just for now but probably in the future that we no longer use oil or to its minimal level only. As we are aiming to help global warming, the more eager we create things like cars that will not use crude oil anymore.
Well, the process and development could take so long but this gonna be happening.
Oil has a really big importance of course. If we think simple, oil is a vital thing to make our cars start. But in the future, I think that oil will definitely lose its importance as electric cars etc. will take the place of gas-guzzlers.
For now, it must be admitted that oil is very important for human life, no wonder many oil-producing countries have become very rich. And why
has America always wanted to control the circulation of oil, because oil is very important. Because I believe in our daily life we all use oil, especially
to fuel our vehicles. But in the future the possibility of oil is no longer important, because there will be other alternatives to replace oil. One of them
electric vehicles will be in mass production, humans are intelligent creatures, there will be major changes in the future that will make oil no
longer important.
It's all very nice, no doubt, that oil is a very important asset and gives certain privileges to the country, especially in terms of economy, export, etc. But I have one question for you, Venezuela holds up to 18% of total oil reserves on Earth, which makes it country #1 in the world in terms of oil. Where's the power then? That drives us to the conclusion, that it's not only reserves that matter but the people in power, the frame of a government, and strategic points to improve the economy.
Oil has a really big importance of course. If we think simple, oil is a vital thing to make our cars start. But in the future, I think that oil will definitely lose its importance as electric cars etc. will take the place of gas-guzzlers.
Oil is not everything, you know. And moreover there are starting to be lots of alternatives that are coming out these days. We are seeing things like electric cars, stoves and others that are not depending on oil like it used to be before. We have passed where almost everything had to depend on oil to function, this time around it’s totally different.
So don’t say that having oil makes a country the world power, if oil determines the level of power , then you should know that there are lots of other countries that has oil more than the US. And if it’s all about value of currency, then you should as well know that there are other currencies that are worth more than the USD. From the way you’re saying all these things, seems to me you still have a long way to go in this.
So don’t say that having oil makes a country the world power, if oil determines the level of power , then you should know that there are lots of other countries that has oil more than the US. And if it’s all about value of currency, then you should as well know that there are other currencies that are worth more than the USD. From the way you’re saying all these things, seems to me you still have a long way to go in this.
This kind of claims is what makes us people stupid and stubborn in trying to change our way of thinking in terms of energy sources, a lot of renewable energy sources are better than oil but people is still thinking like this then the effort to change is futile.
With the current technology, you can't directly replace oil with renewable energy sources. Take the case of automobiles for example. The EVs are not directly running on electricity. On the other hand, they use batteries to store the electricity, and use these batteries to run the motor. And this means additional expenses. The battery used for Tesla EVs cost around $15,000-$20,000 per piece. Therefore the gasoline run vehicles are at least two to three times cheaper than the EVs. If you ban the gasoline run vehicles all of a sudden, then many of the automobile owners will be unable to afford a vehicle.
...
The US is really smart, they have controlled oil for a long time because they know that it is the most important commodity in the world...but China and Russia are the largest oil-producing countries in the world too, what if the two countries unite to control the world's oil? surely the US will have problems.
This kind of claims is what makes us people stupid and stubborn in trying to change our way of thinking in terms of energy sources, a lot of renewable energy sources are better than oil but people is still thinking like this then the effort to change is futile.
I mean, if we were to actually take into account on which is more environmentally friendly and not, then yes, oil ranks really low but it doesn't take away the fact that Oil is one of the leading sources of energy that we have right now. I mean, if you were to think of it right now, why won't companies, governments, industries, etc use renewable energy sources in EVERYTHING if it was a lot better than oil right? It's because there are still hurdles to overcome. It's not really being ignorant imo, it's just having the better option that could accommodate what we use right now. Not that I believe in what most of OP said, probably limited to "oil being important" and the rest is close to bs in my ears.
That's what they want us to believe, there are a lot of other sources of energy or fuel but they don't like it because they don't make a lot of money out of it.
The fact is that almost everyone uses oil today, and almost all economic activity will be crippled if the supply of oil is short or stagnates, so this business is huge. even today we can also see Aramco is one of the companies with the largest market cap in the world Jump to: