most of our daily lives need it or in other words oil is a kind of "black gold" that many big countries want to acquire precisely because it is becoming increasingly scarce, a fact we cannot denies that today's life "black gold" is indispensable, but its use is so polluting for the environment today that its use in large developed countries such as the United States also has limitations. they replace them with steam or solar powered machines which are very popular now.
even so, oil dominates in the smooth running of all human activities. Therefore, if the price of oil is expensive, it will affect the prices of all other goods. On the other hand, oil is a non-renewable natural resource, so the world is starting to develop alternative energy producers.