Quote from: Coroline on June 15, 2021, 11:42:47 PM

Quote from: AicecreaME on June 15, 2021, 12:51:22 PM

Quote from: pinggoki on June 13, 2021, 02:40:55 PM

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.

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.

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 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