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.