The one who controls the oil is not the United States of America, but rather the oil-producing countries that have established an alliance known as OPEC+, which gives some decisions that directly affect oil.
The United States can influence oil-producing countries, but there is a federal law that prevents the price of a particular commodity from being determined directly, so the headquarters of OPEC + is outside the United States.
As for China, it is a struggle for influence to determine who can control a lot of resources and influence decision-makers.
Topic: Not just money but oil is most important in the World - page 7. (Read 966 times)
We are still dependent to Oil but if you are going to look back last year where lockdown begins, it’s value decreases because no one are using it and that’s the possible scenario in the future if we are able to look for alternatives and I believe someone is already working on it. Oil is important and considered as basic goods, but if you are planning to buy make sure to know it’s risk.
Oil is an important commodity to have, but owning much oil does not equal wealth. There are many factors that contribute to the wealth of a country - have a read on the Wealth of Nations by Adam Smith.
China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.
China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.
Middle east are Under USA.
And Middle east oil belong to USA
Oil is an important commodity to have, but owning much oil does not equal wealth. There are many factors that contribute to the wealth of a country - have a read on the Wealth of Nations by Adam Smith.
China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.
China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.
while oil is important but its days are numbered. the countries are already moving away from relying on it and in the upcoming decades we will see it significantly lose its importance too. that is when countries like Saudi Arabia that rely on oil are going to turn into dust.
Since most countries are moving to green energy the consumption will be reduced but it will take a long time to see that change in the automobile industry as well especially in third world countries but you cannot say that the days are numbered for the oil industry because there is an entire market that rely on Petrochemicals and most of the byproducts are used on a day to day basis and that cannot be replaced because the products range from soap and detergents to paint and plastic to synthetic fibers. @OP Hope you are aware that China and Russia have oil reserves and they are placed in 4th and 3rd place in global oil production. India too have its oil reserves even though they import and so is the case with China.
But most important of all is food. It's not oil nor black gold. When the people are hungry, the nation will have more riots especially in the cities where tents are scattered.
exactly. more important than that is water. they have already predicted that the next world war is going to be about water.
while oil is important but its days are numbered. the countries are already moving away from relying on it and in the upcoming decades we will see it significantly lose its importance too. that is when countries like Saudi Arabia that rely on oil are going to turn into dust.
I somehow agree with this scenario that oil is the black gold of the industry due to that most of the expensive need of certain people is electricity aside from water of course, and electricity somehow comes from oil and this is one of the most expensive natural resources in which it runs vehicles and some other stuff. Just imagine a world without oil meaning no transportation services that operates due to the absence of crude oil.
U see That's Why Russia China dream to Take over USA power it Can never happend until USA Control oil.
For War u need Even a lot oil and this large ammount of oil Only has it.
For war you need money. Biden flirting Putin after he called the guy a killer now wants to hold hands with Putin looks very desperate. China has more oil to dig in the South China Sea that's why they are persistent there.
But most important of all is food. It's not oil nor black gold. When the people are hungry, the nation will have more riots especially in the cities where tents are scattered.
I somehow agree with this scenario that oil is the black gold of the industry due to that most of the expensive need of certain people is electricity aside from water of course, and electricity somehow comes from oil and this is one of the most expensive natural resources in which it runs vehicles and some other stuff. Just imagine a world without oil meaning no transportation services that operates due to the absence of crude oil.
U see That's Why Russia China dream to Take over USA power it Can never happend until USA Control oil.
For War u need Even a lot oil and this large ammount of oil Only has it.
I somehow agree with this scenario that oil is the black gold of the industry due to that most of the expensive need of certain people is electricity aside from water of course, and electricity somehow comes from oil and this is one of the most expensive natural resources in which it runs vehicles and some other stuff. Just imagine a world without oil meaning no transportation services that operates due to the absence of crude oil.
You have written so many repeating words and stating the obvious without punctuations for easy comprehension of your readers but I need to let you know that Biden is still new as the American president he ascended barely 6 months ago. As the 46th American president, he is still riding on the performance and glory of the past, there are no challenges that is new to him for the world to see his strength and policies he is going to introduce (he met covid-19, so is just a continuation for him). Biden has been printing more dollar and that may affect the currency if not probably handled.
About the black gold, nothing is permanent. Saudi Arabia is about saying they are not producers anymore and that means they are looking to diversify the economy. So oil may not be the ultimate as there are now different means to go pass the depency in the use of oil , like the electric cars that are being in use.
About the black gold, nothing is permanent. Saudi Arabia is about saying they are not producers anymore and that means they are looking to diversify the economy. So oil may not be the ultimate as there are now different means to go pass the depency in the use of oil , like the electric cars that are being in use.
Oil remain king electricity comes from oil also.
You have written so many repeating words and stating the obvious without punctuations for easy comprehension of your readers but I need to let you know that Biden is still new as the American president he ascended barely 6 months ago. As the 46th American president, he is still riding on the performance and glory of the past, there are no challenges that is new to him for the world to see his strength and policies he is going to introduce (he met covid-19, so is just a continuation for him). Biden has been printing more dollar and that may affect the currency if not probably handled.
About the black gold, nothing is permanent. Saudi Arabia is about saying they are not producers anymore and that means they are looking to diversify the economy. So oil may not be the ultimate as there are now different means to go pass the depency in the use of oil , like the electric cars that are being in use.
About the black gold, nothing is permanent. Saudi Arabia is about saying they are not producers anymore and that means they are looking to diversify the economy. So oil may not be the ultimate as there are now different means to go pass the depency in the use of oil , like the electric cars that are being in use.
Here is Why...
USA Control oil so USA have all power.
Some People Say China wlill compete with USA and Even like war.
I Tell You this...
To make war You need crude oil. Without oil You cant do nothing
Even China production is mostly plastic what they export so to produce plastic You need crude oil.
Oil the Black gold.
There is no way anyone can stand against USA and USA dollar becouse by the numbers probably China India russia can Win over USA but for that they need oil... And who Got the all the oil?
USA have it so until they Control oil the USA dollar remain king and future of New digital dollar development as USDC and USDT are just the small steps to make dollar great Again.
And look at bidden His the most smartest most strongest president with high diplomatic skills
Putin use to be Second serious president After Trump but now bidden Will Form world one one world government and bidden with USA dollar is Going to be king.
Im not on biden side or anyone I just tell how the things are.
When was g7 meeting we saw that bidden was Only strong Leader There like a boss.
To see that the biden are strong president we see that nobody willl take power of USA away.
Even China Will try with war... But its Impossible USA have power over world oil and to get oil You need USA dollars and USA dollars u get it From USA Only
USA Control oil so USA have all power.
Some People Say China wlill compete with USA and Even like war.
I Tell You this...
To make war You need crude oil. Without oil You cant do nothing
Even China production is mostly plastic what they export so to produce plastic You need crude oil.
Oil the Black gold.
There is no way anyone can stand against USA and USA dollar becouse by the numbers probably China India russia can Win over USA but for that they need oil... And who Got the all the oil?
USA have it so until they Control oil the USA dollar remain king and future of New digital dollar development as USDC and USDT are just the small steps to make dollar great Again.
And look at bidden His the most smartest most strongest president with high diplomatic skills
Putin use to be Second serious president After Trump but now bidden Will Form world one one world government and bidden with USA dollar is Going to be king.
Im not on biden side or anyone I just tell how the things are.
When was g7 meeting we saw that bidden was Only strong Leader There like a boss.
To see that the biden are strong president we see that nobody willl take power of USA away.
Even China Will try with war... But its Impossible USA have power over world oil and to get oil You need USA dollars and USA dollars u get it From USA Only
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