Topic: Oil producing countries experiencing hardship. (Read 573 times)
The United Arab Emirates is a rich country because of petroleum. If there is a country that has large petroleum reserves but is not rich, it means that the country cannot process petroleum independently. Water energy, steam, and so on will not be able to replace petroleum due to the fact that currently the majority of vehicles still use oil fuel. switching from oil fuel vehicles to electric vehicles is not easy because the majority of the population uses oil fuel vehicles and time efficiency is a problem.
Others in the thread are right to question the alleged hardship the op is talking about. The top countries by crude oil production are the United States, Russia, and Saudi Arabia. The US is doing great, still being the #1 economy in the world. Russia is a special case because of heavy sanctions due to its war against Ukraine, but its economy unfortunately grew by more than 3% despite everything in 2023. Saudi Arabia experienced a minor decline in 2023, it seems, but is expected to grow in 2024.
It's important to diversify economies that depend on natural resources because the world must move away from those resources to fight the effects of climate change. But it seems early to talk of hardships here.
It's important to diversify economies that depend on natural resources because the world must move away from those resources to fight the effects of climate change. But it seems early to talk of hardships here.
Its funny how people talk about everything except about copper.
Copper is due to run our in 2030, that's not too far away. About a decade or 2 is recycling.
Copper is due to run our in 2030, that's not too far away. About a decade or 2 is recycling.
Crude oil and its by-product are still very much valuable in any part of the world, for any country that is facing economic challenge that has crude oil, check very well there is something behind it, Saudi Arabia and Qatar and some countries in the world that have crude oil are doing very well with it. Even as most countries want to move away from fossil engine's, the crude oil and its by-product products are still sold in the international market on a substantial amount. Op, if you know any country in the world that have crude oil and are not doing well except for corrupt countries, please mention them to me?
Crude oil is still an important commodity in the lives of the world's people, so its role is still difficult to replace by renewable energy. Recently, many people have complained about the high cost of battery maintenance for electric vehicles.
This confirms that the world is actually not ready to abandon crude oil, only some people claim that the world is getting sicker because of crude oil, this is actually not proven, in developing countries, it is difficult to abandon oil, so crude oil commodities are still very tempting.
everything about crude oil is important. the plastic we use today in many products including the tires comes from the crude we process. this is how the OPEC countries going to be relevant no matter what and those hydro and solar are just not going to give a full energy that can be used extensively.
Russia discovering more deposits in their region is going to make them richer. the same goes for China in the South China Sea where they already could dig under the sea.
this is the kind of thing that will happen while the other apart of the world is abandoning crude.
Crude oil and its by-product are still very much valuable in any part of the world, for any country that is facing economic challenge that has crude oil, check very well there is something behind it, Saudi Arabia and Qatar and some countries in the world that have crude oil are doing very well with it. Even as most countries want to move away from fossil engine's, the crude oil and its by-product products are still sold in the international market on a substantial amount. Op, if you know any country in the world that have crude oil and are not doing well except for corrupt countries, please mention them to me?
Crude oil is still an important commodity in the lives of the world's people, so its role is still difficult to replace by renewable energy. Recently, many people have complained about the high cost of battery maintenance for electric vehicles.
This confirms that the world is actually not ready to abandon crude oil, only some people claim that the world is getting sicker because of crude oil, this is actually not proven, in developing countries, it is difficult to abandon oil, so crude oil commodities are still very tempting.
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
Only in the 1st world. The 3rd world will happily consume fossil based fuels.
To go electric you need a charger solution, worldwide and that is only cars, bikes. What happened to ships? Airplanes? Rockets???
I don't see middle East countries are facing any hardships as you mentioned they're the biggest producers of crude oil whereas Russia is also have huge resources but they're facing sanctions which makes it difficult for them to trade their natural resources and make money out of it.
that's true, in fact they became more wealthy especially nowadays that the price of oil is in hike and knowing them as the biggest producers of oil, It is also possible for them to be in danger because there are days when someone sends a warning or threat to them from another country using bombs or missiles, but because the security of the middle east is strict and alert, they are able to prevent it before it hits their country.
Countries that export oil cannot experience difficulties. What's so difficult about this? However, countries that do not have oil, gas and other resources have difficulties) If you have oil or gas, you don't have to think about how to keep your family warm in the winter. There is no need to invent alternative energy sources or pay money to buy them. There wouldn’t be so many wars on our planet if oil and gas brought difficulties. Their absence is what makes people wage war.
Oil and gas are resources that are always needed by everyone in all countries in the world, which are needed to move many things in society. However, we all also have to know that oil and gas are also used by weapons factories to be able to produce weapons so they can be sold to countries that need them, so oil and gas can also trigger bad things if they are not used properly. But when it comes to the welfare of the people in oil exporting countries, of course they can all feel prosperity because they are influenced by the condition of the country which is already quite rich.When oil resources are still plentiful and can still be mined well, a country like that will never have difficulty achieving anything. However, we also have to keep trying to find other sources, so that when oil supplies in the world run low, our business will still run. I am afraid that when many countries have a lot of money they will be confused about how to spend this money so that they will create wars that will use their money to buy sophisticated weapons equipment and trigger world destruction.
From what you say, I think there is also some truth to it because when the availability of oil and gas starts to run out in a country, of course all the people will feel more worried if they don't have other sources they can rely on to continue living prosperously. As for the trigger for war, I think it is not only influenced by the presence of oil and gas resources, but is also triggered by the struggle for strategic areas which in these areas also have abundant resources to be controlled by certain countries. 
Crude is one of the most valuable natural resources in the world but if you look around many oil producing states are facing serious economic challenges. Before now crude used to be valuable and made many countries wealthy but now nothing like that again. Is it that these natural resources are not enough to keep us going?
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
Renewables, they are making energy cheap and clean. Renewables were in its early form advertised as environment friendly way of generating electricity and necessary to curb global warming. With the economy of scale, renewables now have became a cost effective way as well. Many countries are going renewable to make their energy mix safe of international influence. The decline of oil only economy would be sharp many study suggest we have already peaked oil use and the downfall would be sharp. There might be a small demand but with many countries economy depended on oil, they'll suffer more than they are now.
Countries that export oil cannot experience difficulties. What's so difficult about this? However, countries that do not have oil, gas and other resources have difficulties) If you have oil or gas, you don't have to think about how to keep your family warm in the winter. There is no need to invent alternative energy sources or pay money to buy them. There wouldn’t be so many wars on our planet if oil and gas brought difficulties. Their absence is what makes people wage war.
well thats true, after all our entire civilization still depends on the gas and fossil fuel in general, but its always good to know that there's alternative so that when we ran out of the oil the entire society and civilization won't crumble.right now so many companies are experimenting with various source of energy such as hydrogen and so on which is great considering that we eventually need alternative and having alternative is good I guess.
the current industrial complex though i don't expect there to be any massive shifting anytime soon, shifting to renewable, more eco friendly energy requires massive amount of money.
only big companies with big chunk of reserves could afford that like many people said above.
so that means oil producing countries won't even face any hardship in the meantime and probably in the future.
oil still one of the most needed thing ever in the planet earth even until today.
Most of the comments on this thread are questioning the OP about how he got his information on oil producing countries facing hardship, although some oil producing countries like Saudi Arabia and Qatar, are utilizing the proceeds of their crude oil sales for the development of their countries, there are others that have backyard economies.
Your examples with Saudi Arabia and Qatar are good enough to point OP in the right against their hasty generalization. We shouldn't use a misnomer as yardstick for judgment on larger scale. Africa is a bad case here and I believe it doesn't apply to the rest developed countries of the world.Quote
I come from a country that is blessed with crude oil, and is exporting it, but ironically our economy is nothing to write home about, many impoverished people and lack of essential amenities like electricity supply.
I guess OP wrote with such memory of countries that have allowed corruption eat into them to the point that the geese that lay the golden eggs for them are neglected. Nigeria is a good example of countries with crude oil as natural resource yet the regions producing it are suffering deprivation. These regions are so deplorable that no one outside those regions would wish oil were discovered in their region. 
Yes, that would be the main problem. Because if we talk about Saudi Arabia, a powerful country in the Middle East, that country contributes significantly to oil production, but the government of that country has recently been investing a lot in different platforms, such as in football, they have invested unprecedentedly, which even the biggest countries are unable to do. I think there is a big waste of money. Some feel that the country does not want to depend on just one resource. If the decision is wrong, the situation of those countries can be worse. But as long as they have natural resources, they will be rich. And there is no way to say whether the demand for crude oil will decrease or the utilization will decrease. Its demand in the world market has not decreased. There may be instability due to political reasons but the demand is high.
Countries that export oil cannot experience difficulties. What's so difficult about this? However, countries that do not have oil, gas and other resources have difficulties) If you have oil or gas, you don't have to think about how to keep your family warm in the winter. There is no need to invent alternative energy sources or pay money to buy them. There wouldn’t be so many wars on our planet if oil and gas brought difficulties. Their absence is what makes people wage war.
When oil resources are still plentiful and can still be mined well, a country like that will never have difficulty achieving anything. However, we also have to keep trying to find other sources, so that when oil supplies in the world run low, our business will still run. I am afraid that when many countries have a lot of money they will be confused about how to spend this money so that they will create wars that will use their money to buy sophisticated weapons equipment and trigger world destruction. 
Inflation in the country is likely to rise slightly due to the instability of the world market inconsistencies in market management and rising global fuel prices. In addition if the supply chain of the product is damaged due to the conflict situation the transportation costs related to exports mainly to Iran or neighboring regions may increase. Exporters may face tougher competition due to increased manufacturing and supply costs. Saudi Arabia Russia has long been one of the world's largest oil producers and exporters of petroleum it has significant oil reserves and plays an important role in the global oil market. Iraq is a major oil producer in the Middle East and has substantial oil reserves. Despite challenges related to conflict and political instability it remains an important oil-producing nation.
The problem of some oil producing countries is not about the oil and the value of the oil itself to the markets, as we stand today we cannot survive without oil, thrus the importance of a change on our relation with energy and the way we produce it. The problem with the hardships of some countries which have much oil is the management and the blatant corruption which cripples the ability of those sovereign nations to push forward and improve their quality of life.
I think it has become more than obvious that the quantity of oil is not directly proportional to wealth and quality of life.
Venezuela and Nigeria and both countries with very significant petroleum wells, but both countries suffer from having nefarious political administrations which do not care to use the natural resources properly for the food of the people. On the other hand, we have Saudi Arabia and the United Arab Emirates, which have relatively high living conditions, not as much oil as Venezuela, and yet they have managed to be responsible enough to seek for development.
In the end of the day, it is about corruption and the culture of the people who is supposed to keep leaders in check.
I think it has become more than obvious that the quantity of oil is not directly proportional to wealth and quality of life.
Venezuela and Nigeria and both countries with very significant petroleum wells, but both countries suffer from having nefarious political administrations which do not care to use the natural resources properly for the food of the people. On the other hand, we have Saudi Arabia and the United Arab Emirates, which have relatively high living conditions, not as much oil as Venezuela, and yet they have managed to be responsible enough to seek for development.
In the end of the day, it is about corruption and the culture of the people who is supposed to keep leaders in check.
Crude is one of the most valuable natural resources in the world but if you look around many oil producing states are facing serious economic challenges. Before now crude used to be valuable and made many countries wealthy but now nothing like that again. Is it that these natural resources are not enough to keep us going?
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
the thing that cause some countries that have a crude oil for continuously on kept and also undeveloped it is because of the governing council of that particular country, some countries that have oil blocks I think in there are doing well and they are developing their country with a their natural resources income but some countries that lack management and the leadership and the leadership does not know they measure concept of managing their crude oil and their country Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
Crude is one of the most valuable natural resources in the world but if you look around many oil producing states are facing serious economic challenges. Before now crude used to be valuable and made many countries wealthy but now nothing like that again. Is it that these natural resources are not enough to keep us going?
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
As said by others, you should at least mention the counties you are talking about and briefly describe what sort of hardships you are referring to because I don't see countries producing and exporting oil facing hardships apart from a few countries that have sanctions by the UN and can't sell their natural resources to other countries, Iran is one example in this category, but even Iran isn't suffering or facing hardships, the country is great for its people.Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
There is no doubt that sources of energy are changing over time and a lot of things are being converted from oil-driven to electric such as cars and many machines, but there will always be some places where oil will be required, and as long as that requirement stays, oil-producing countries won't suffer.
we can find countries that are dependent on oil exports that are struggling though. even the countries in the EU have a hard time since the time of Ukraine-Russia war, the prices of oil/gas are making people poorer.
all countries will be crippled without crude, it's what runs the machines and provides energy still. we have been fooling ourselves about EVs. it's only good for a few minute ride in the city.
Crude is one of the most valuable natural resources in the world but if you look around many oil producing states are facing serious economic challenges. Before now crude used to be valuable and made many countries wealthy but now nothing like that again. Is it that these natural resources are not enough to keep us going?
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
As said by others, you should at least mention the counties you are talking about and briefly describe what sort of hardships you are referring to because I don't see countries producing and exporting oil facing hardships apart from a few countries that have sanctions by the UN and can't sell their natural resources to other countries, Iran is one example in this category, but even Iran isn't suffering or facing hardships, the country is great for its people.Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
There is no doubt that sources of energy are changing over time and a lot of things are being converted from oil-driven to electric such as cars and many machines, but there will always be some places where oil will be required, and as long as that requirement stays, oil-producing countries won't suffer.
Countries that export oil cannot experience difficulties. What's so difficult about this? However, countries that do not have oil, gas and other resources have difficulties) If you have oil or gas, you don't have to think about how to keep your family warm in the winter. There is no need to invent alternative energy sources or pay money to buy them. There wouldn’t be so many wars on our planet if oil and gas brought difficulties. Their absence is what makes people wage war.
Crude is one of the most valuable natural resources in the world but if you look around many oil producing states are facing serious economic challenges. Before now crude used to be valuable and made many countries wealthy but now nothing like that again. Is it that these natural resources are not enough to keep us going?
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value, and people still depend on crude.
Not all, but some countries that have the cured oil as one of their best natural resources are suffering, and it might be as a result of their government because there are still countries that have this crude oil and are still not suffering, but those countries that have leaders that are highly spoiled with greed and corruption will always be victims of suffering.
Eventually, hydro and electricity, together with the technology, are starting to be a threat to crude oil because there is a reduced need for it due to those electric cars and machines that are now created. They don’t need to use any source of crude oil, but they can’t do without it unless they reduce the demand, so crude oil is still in high demand in the market, but those countries that suffer even with crude oil in their countries are as a result of their governments.
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