Post
Topic
Board Economics
Re: Oil and war Good profit
by
wahyu wida
on 17/05/2021, 13:00:50 UTC
When the war broke out, the price of oil went up. The wars in the world are related to oil. Oil brings great profits. The Middle East is home to the largest oil reserves in the world. Wars are regularly fought here over the right to exploit oil. Countries with strong militaries such as the US, Russia, and China... all have their armies concentrated in the Middle East to compete for oil.
oil is a vital requirement for warfare, all combat equipment uses oil. therefore oil has an important role for mobilization and engine lubricants. it is not surprising that in the Middle East there are always wars involving many of the countries behind it. along with the scarcity of oil it will certainly increase the price