Post
Topic
Board Economics
Re: Not just money but oil is most important in the World
by
DrBeer
on 10/08/2021, 18:39:12 UTC
I do not know how high it could get, but I know that it will not be as great as it used to be. Everyone around the world is going for green energy these days, which means even though we are still stuck with oil and gas for now, it will not be like that forever, eventually there will be a period in human history where there won't ever be a need for oil ever again, that will take few decades at least that is for sure, but between solar, wind, hydro and few others that I forgot, that is going to be something that is definitely worth looking into.

Plus entry to those business is not as hard as oil is, if you want to drill your own oil out of ground and sell it that is going to take you a lot of money, whereas if you just buy some solar panels and put it on top of your roof that is going to get you started, few thousand at most for a start is a good benefit of this business as well.

It is also worth remembering such a factor as the complexity of the extraction and development of new oil deposits. At the moment, mankind has used almost all "convenient" and more or less easy to develop deposits. There is oil ahead, which will be technologically difficult to extract. Here a problem arises - it does not sound very realistic, but it is a fact - not all countries, owners of oil deposits, have the technologies necessary for research, and even more so for industrial production!