Topic: Not just money but oil is most important in the World - page 6. (Read 966 times)

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.

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 think this debate is subjective to individual opinion and understanding of the context from different angle of finance and economics, there are some findings I may have which will convince me but it will be hard for another person.
Oil is a very good thing that's scarce in some other part of the world, this is where demand sets in, there are some nations of the world where large deposits of crude can be found but may likely lack refineries to produced processed product.
Chinese or US, everyone has a part to play, don't take side about world leading country.

Your point of view is limited and also, you don't have enough thesis to back your claim which was based on repeated instances. Whenever you are bringing out an argument or claim, we anticipate the validity of your claims to come with facts, not just running around the same bush with limited points.

Fine oil is power in this current world but with time, everything is going to be a thing of past cause innovations and technology is advancing every single minutes which is a sign of change in nature.
The United States has everything it takes to be the head but the question here is, how long would it takes. Every nations in this current time is trying their best to meet up to high expectations as technology innovation keep on advancing.

You somewhat have a point about the fact that oil is currently one of the main things that countries are trying to get a hold off and without it you would have no power, but  we see a lot of countries also making sure to move away as much as possible from it as not only has a limited amount, but also it has some major impacts on the environment, that is why they are trying to create new energy forms and new materials to substitute oil, and it is only a matter of time before that happens and oil becomes inefficient and worthless. 

Oil is really important as of now in this world. I think money and oil are dependent on each other but one day this is going to change as the world is trying to shift to renewable energy resources and everybody is currently researching more options about it. So, I think one day Oil won't be that important as it is right now.

What about this you Stupid story teller? you recently told us about what we must know in life here


and now you are breaking your own words?

this is a total BS , you talk a lot but all are nonsense .

better get out and stop talking because you are a clown that should not talk but just act.

Oil is the foundation for all aspects of a country. we can imagine all production machines that can meet human needs need oil to work, not to mention transportation and others. Therefore, without oil for now, the economic sector cannot run well

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.

Yes i agrre because Oil is the largest energy source in the world. All countries need oil which means this commodity will always be bought by the market. When the price reaches its highest point, oil will still be sold.

Oil is indeed important and there's a reason why it is considered as black gold. Oil has so many purpose. Oil is important in different industries. It is vital to make the economy grow because without it, there will be negative chain effects.

Oil plays a significant role in transportation. Without oil, innovation would be useless since most vehicles still use oil nowadays. Of course, electricity-powered vehicles are a thing, but it is still limited and not yet widely used today. Oil remains to be the most used substance that makes car, motorcycle, and even aircraft's engine works.

Oil is also needed to produce electricity. Without oil, there would be little generation of electricity that could power the community. However, electricity production isn't limited to oil. There's also other way to produce electricity such as extracting energy from wind, ground, water, etc.

In addition, oil is used in food industry as well in household needs. It is vital to make food that needs to be sauteed as well as in different types of cuisine. You see, oil has so many benefits in human life. Without oil, the economy will surely have a hard time growing. Just look at the effect whenever there is an oil price hike. Everything's price goes up as well. Hence, we should value it because oil belongs to non-renewable resources.

Obviously oil (petroleum/crude oil) is more important than money in the world. Literally everything that moves/transports things for you depends on oil. Imagine there are no oils. Engines won't work. Things will be delivered in the medial way. Prices will skyrocket. Its not only important for transportation, but also for plastics. Look around you and see how many objects are made of plastic (not talking about plastic wastes). Plastic is cheap. Why do you think the whole world is after oil?

America is world power not just becuase of the oil for which we assume that they control. From my view point, I think there is more to this than we know it. America has been able to use diplomacy and rendering of aids through various international bodies to subject nations to some subordinate in a way that binds them altogether. You always have something yo loose by not being a part or subordinateto the demands and rules of these bodies. They are also world power becuase they've een able to portray themselves to be a free nation, having the highest populace of mixed race and are harnessing the energy and work force of all the race to fix its nation.

I do think that right now considering the recent technologies, the renewable sources of energy are getting adopted more and more and therefore for the time being even if oil is an important asset, it won't be for long, there will be more options that we will see in the near future. Oil will ofcourse be necessary for the production of by-products but it won't be used so widely.


Well what we are talking about is " crude oil " used to make many things like petroleum jelly etc. But considering the recent innovations there are countries starting to use plants like jojoba to extract oil , which is not only affordable but also green.

I do believe that due to population explosion we might have to not only consider other options and substitutes but the power will also fluctuate since whosoever is successful in innovating a better and greener alternative, that country will have more stand in the world.

Even without such reasoning, it only takes common sense to understand how important oil is and that people would exchange anything just to get a hold of it whenever possible. This is because of the fact that oil and its by products are the most needed necessity of our innovative world that desires even more innovation. Without oil, this world will go into chaos. Just try to imagine a wold without oil, could we have gone this far? I don't think so. And is we still want to get even further, more of this thing is needed.

So are you saying that it's going to be the most important thing right now? I don't think it will be good for the environment if we continue this relying on this resource. It's not an infinite resource, but it's the most important thing IMO based on the name itself, unlike renewable energy resources. Developing the correct technology with this could save a lot of habitat for everything.

Renewable energy is the key. 

Yes with all these commodities we ignore the most important thing which are required to live life especially food,water and oxygen.Why the hell do we need money? To fill our and our families stomach right so why ignore them with materialistic things of of economy.Water and oxygen will soon run out of supply if we keep on our continuous wastage of water and cutting Jungle and trees for industrialisation and setting up new cities.Saudi Arabia and UAE have become soo rich and developed with selling oil to the world no doubt but we also need to give importance to the ones on the top of list.

Thank you for letting us know something that is well-known since World War II. One of the reasons for the defeat of the Axis forces is their failure in securing the oil fields both in Arabia in Africa and in the Caucasus region in Russia. By the end of the war, the operations of the German army were severely limited for that cause, and it required the highest level of permission to use them.

Nowadays fuel is still the gold of war, but there are many other viable sources of energy and the refining processes are more sophisticated so you can get fuel from basically anything including camel shit. On top of that, there are even tanks that work with gas turbines.

Regardless, yes, oil is important even when not at war, yet you are absolutely wrong on you assumptions:
- Russia is actually an exporter of oil. They do not have any lack of it.
- Most reserves are in the middle east region.
- There is no shortage of suppliers in every continent as of today.
- USA does not control Oil at all. In fact a few months ago Saudi Arabia dropped the prices to near zero and killed quite a few fracking companies in USA.

Your political and economic analysis tend to suck TBH. Where do you get your information?

How does the USA control oil? They only produce 20% of the world production, with Saudi Arabia producing about 12% and Russia about 11% and Canada 6% ....................

You can still make war when you have some countries with oil that will come together to fight against the USA. I doubt that Russia or Saudi Arabia will fight with the USA in a World War III scenario....

A typical scenario will be that Saudi Arabia (12%) and Russia (11%) and China (5%) and Iraq (4%) and Iran (4%) and Kuwait (3%) will come together to fight against the USA .... and they will control almost 40% of the global oil production. 

It's not that everyone is using it, it's just that there's a pandemic so less cars and less gas and oil consumed. I don't think that they are going to find any alternatives because if they do, the higher power that benefits from the oil is going to do whatever it takes to have them still profit till the last oil drop.