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With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

Not all the countries that depend on oil, United States for example can survive without oil if the world move away from the oil era to another era which makes little use or no use of oil. But there are many countries that solely depend on the oil for export and local consumption in a way that if such countries do not produce oil, they will become poor, such countries will be affected if they do not try to develop their countries to adapt to what could happen in the future.

Crude oil nations well definitely survive, the truth is that, ever since the world discovered oil, the usage of oil has continued to metamorphosed from one stage to the other, from combustion engines to now electric cars and bikes, all of this new modern technologies still usei oil one way or the other, engine must certainly use grease oil to lubricate the movement of the crankshaft and other parts of it that uses lubricant, same thing go with the hydraulic oil and rest of them. So nations that have oil will definitely not be too affected by the renewable energy emergence, oil and it's over 2000 byproducts will still be needed at the international market and those nations will continue to make money.

There is a common misconception that petrol is the only product obtained from oil. This is so wrong. There are over two dozen other products made from oil. Aircraft still use jet fuel, and this includes commercial, private, even fighter jets and military planes rely on it.
Liquefied Petroleum Gas and Fuel Oil, which are used by ships. All these are ways oil will continue to dominate. Every big ship, from container ships, cargo ships, cruise ships and even submarines, all use oil products.

There are also lubricant products obtained from oil, like Lubricating oils, Petroleum jelly, and Microcrystalline wax. Then there are the chemical products also. There are solvents, pesticides and fertilisers used in agriculture. Oil products are also used in some pharmaceutical products.
There are other products like Asphalt and Petroleum coke, which are all gotten from Oil.
So oil will always dominate and always be relevant for the foreseeable future. It is cheaper and more effective than the alternatives.

Oil cannot dominate if most of the world moves on to renewable energy, the producing countries will not make turnover like before because most of the crude oil are refined for petroleum products. This should be a wake up call for countries like mine that almost totally depend on crude oil sales to run it's economy, when there is no more serious demand for our crude oil I wonder what will become of our economy.

Advanced countries are moving on from totally dependant on petrol for the combustion of their vehicles and one day electric vehicles will become common, it'll make petroleum products to become obsolete. Crude oil will only be demanded for lesser needs like lubricants, maybe the corrupt leaders that solely depend on oil exportation will be drinking the excess crude oil.

Honestly this is a real challenge. Many oil producing countries still rely heavily on oil for their economies. Countries like Saudi Arabia and the United Arab Emirates are already trying to diversify their economies, they are investing in solar and hydroelectric projects and creating new opportunities for local industries to reduce their dependence on oil and on the other hand some countries like Venezuela and Nigeria still rely heavily on oil for their economies which could delay their adaptation to the new energy era and face economic pressures.

Oil is the origen of Plastic.
Try to eliminate plastics, you are not the only one wishing to get rid of plastic.

Where is your prove that oil demand is declining, the funny thing is that people see images of fancy electrical car here and there and then immediately conclude that the end of oil powered cars has come.
Everyday companies that produce oil ran cars are producing as much cars as they always produce and there are so many reasons why the oil demand can not go down. People are now accepting electricity but doesn't mean they are dumping oil.

There will be a day in the future where oil runs out or starts to get prohibitively expensive to use, however it seems to be pretty stable right now. It does feel like countries that get ahead on electric power and renewable energy are going to hold an advantage in future, because they will be less vulnerable to oil price shocks that seem to happen periodically. At the moment the oil market is effectively controlled by OPEC and particularly Saudi Arabia with their huge reserves, that gives them a lot of economic power as well because they can cut off countries that do not play ball with them. The sooner that power is extinguished the better, because we've seen that the head of Saudi Arabia can be pretty evil with the actions he takes and the monarchy only survives because of money from oil.

It should. I mean there will never be a renewable world as there is no such thing as renewable energy. Everything has a shelf life. Even lithium does. Wind turbines? They eventually die. Solar panels? Same. They all need replacement eventually and they don't grow on trees. People dig the ground to find more lithium, the same way they dig up oil. As the boss said, it is just "Green New Scam". China doesn't give a damn about any of this but somehow the western industry is getting strangled by this non-sense.

People will eventually wake up to that scam but it won't matter if they don't do it on time. Hopefully Donald has a solution and a roadmap. We can't afford to have a democrat leadership in the next 3-4 decades at least. Hail to King Trump. Drill baby drill

Underlining the word  Renewable energy, its a type of energy that can be replenished after been exhausted
from some natural sources of energy like the solar wind and hydropower. The above mentioned sources of energy are sources that cannot be exhausted no matter how it is used, so talking about the above mention point let us get it clear that there is renewable sources of energy even if they are not properly managed for now. As for the medium through which this energies  are being generated like the solar panels, wind turbines and so on they can be replaced if damaged but the energy source itself still remain available at all time.

Saying there is know renewable energy,  I don't believe its  true because of the presence of those energy source

Yes, if other industries producing electrical vehicles, those parts of the vehicles are produced by residue from oil manufacturing process, its all about energy which cannot be destroyed but can be converted from one form to another, oil can still be demanded in another productive sector that can generate more revenue more than been used as lubricating oil in machines and vehicles.

Its just the demand for vehicles that got declined, in the process plant, most centrifugal pumps need oil to function fully. 
 

If the demand for oil has been declining then it should reflect to how much it costs per barrel but it seems not going down.

Yes, they can remain powerful despite with the growth of the electric vehicles. The demand shall decline but there will still be industries that will rely heavily on oil like the manufacturing sector and all of the others that have equipment that are powered by oil. Even the electric generators, they're powered by oils.

Oil can only be dominated in a country where clean energy is used more and will suffer a great challenge and that's because it demand for it will decrease as the day goes on people will want to adapt to the clean energy era hereby decreasing the demand for oil but can still be used by some industries but it importance will reduce and since it won't be needed to carry basic functions how do you expect oil to dominate in such an environment where there day to day activities depends on the clean energy but I don't think oil will be useless just it demands and importance will decline

Oil will exist in a hundred years because of its unique useful properties, I know this because its true of coal which some might consider archaic yet also has unique properties hard to beat.   Its highly unlikely oil is dominant or anywhere close to the position it holds today but its ability and utility will exist for this decade and for quite some time.

Its already true that various other forms of energy are competing increasingly well and developing in ways we can foresee will replace oil but never entirely imo.  That diminishing business in its longevity will help oil producing countries to switch away and diversify which they are already trying to do from what I've seen.

Oil's low price at present is more a reflection of a weak world economy, poor growth compared to what could have been achieved in healthier more prosperous times.  Many workers struggle to make a living and companies are not doing as well as they should, there is a reliance on technology to somehow provide efficiency but its not from some struggle with green economy its an overall failure from excess debt, politics and war imo.

I have actually asked myself this same question about oil producing countries suffering as a result of people moving on to other things especially with the use of renewable energy. The thing is, I don't see the oil market declining anytime soon. Oil production/market is as massive and important as other markets. Of course, a few countries has seen the need to start evolving so as to be less dependent, which is obviously a good move imo, but at the same time, I still don't see any of these affecting the oil market.

But one thing I really hope for every oil producing countries, is that they develop their country while they still have the chance to do so. Just because the oil market is very active, doesn't mean that all the money made from oil should be wasted. We don't know what the future holds. Technology and innovation can take a lot of people unaware. Oil producing nations have to be prepared and utilize every single opportunity in this current world of relevance.

Oil producing nations control the supply. If the demand declines, production could also be slowed down, thereby preventing the price to tank. Secondly, the world remains dependent on oil in so many ways. The push for clean energy and electric vehicle could only reach so far. It can't totally replace oil, at least not in the next half a century. Also, rich oil-producing nations, in the middle east, for example, are now heavily diversifying their wealth. They're fully aware of the efforts to significantly cut oil consumption.

Electric cars may be a sign for us that we will run out of fuel in the future. Various major car manufacturers are now focusing more on building electric cars, such as BMW or Tesla. These electric cars have gained a lot of popularity recently and people are buying these cars widely in developed countries. Electric cars are not only environmentally friendly, but they are also an alternative to fuel oil. Although Asian countries are still completely dependent on fuel oil, developed countries are definitely thinking about alternatives. Middle Eastern countries are constantly extracting oil from mines and marketing it, so the question naturally arises that how long these Middle Eastern countries can continue to get fuel oil supplies and what will be the situation in the world if the source of fuel oil suddenly runs out?

Everything comes down to adaptation. As the global demand for oil continues to decline, oil-producing nations will have no choice but to embrace the green energy era. What's currently slowing this transition is the existing high demand for oil, but once that demand drops below a critical level say around 20%  and revenue generated are no longer substantial, these nations will be pushed to shift toward sustainable energy sources, it's just a matter of time.

Its certain that if things continues the same way, the demand for oil and LNG would start declining in 2030s. Oil surely would not dominate but with decrease demand in oil, the oil producing syndicate could further limit their production and keep inflating the price for it not to fall below this level. They can't just keep increasing it either as when it becomes large enough, fracking oil would again be profitable.

There are a few sectors that would still need oil but with small demand, not every expense of the petro economies could sustain. Many of them are already working for diversification while some would be less well off than they are now. Even though the population in developed countries start to decrease, the electricity demand would keep on increasing, AI is also a large driver, countries that produce electricity the most from renewables would be more independent and financially stable.

What do you think, mate? Do you think the oil demand will continue to decline? Still most of the countries produces Bikes, cars that uses oils. Not only in vehicles, many industries still use oils. Do you think the oils has unlimited supplies? It doesn't. The Oil mines will dry out in the future, but the demand will remain the same, hence, the price of the oil will increase over the time. If you some declining in the market, it is temporary. Zoom out the chart and you will realize that the oil demans has always increased and the oil price increased as well.

The problem with this theory is that it dates back to 1956 and predicted the apocalypse decades ago, which has not come to pass. What's more, we have an oversupply, when according to the theory we should have run out of reserves long ago. To explain this, I quote AI Copilot:


Regarding this topic and others like it, I recommend everyone read the following book:

Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet

Really? I can't imagine 300 million electric vehicles in the USA. Can you imagine how much copper and lithium it requires to build 300 million electric vehicles? The world cannot survive without oil in the current day and age. Maybe after 50 years or more, the transport system would fully transition to electric vehicles and electric airplanes and ships.
The Arab countries, that have lots of oil are diversifying by investing in lots of solar and wind energy. Their economies would focus more on tourism and finance, rather than relying on oil export. I'm not the most fanatical climate change believer. I don't think that oil is bad, just because some scientists have said that oil is bad. Perhaps oil is bad because most oil export comes from countries, that are living under dictatorships.

The idea of oil being replaced by renewable energy is a fasad push mainly by the big economies to enable them reduce the price of raw crude oil. Time have already proven that fossil fuel have several advantages over renewable energy. If renewable energy was as big as the hype, most of the wars in the middle east would have ended because oil is at the core of those wars. Even the Russia and Ukraine war have oil as one of the thing sustaining those wars because it gives India and China the opportunity to collect oil at giveaway prices which is why Russia still have the resources to finance those wars. Oil is not going anywhere soon, all the hype around green energy is simply to kill the oil price and make them cheap for the big economies to buy, refine and sell the the finished products at expensive prices.

Crude oil is like a single source for all production, so while the world is slowly shifting to a green energy era, it doesn't mean it's no longer needed. Household, industrial, and infrastructure production all use petroleum as raw materials. Even your current electric vehicle still requires oil for engine lubrication, brakes and shock absorbers. Therefore, countries producing crude oil need not fear, as the oil they produce remains highly useful.

In the future, the trend will shift from the use of non-renewable energy to renewable energy. This means the use of non-renewable energy, such as oil, will likely decrease (not disappear completely), and this will make oil-producing countries face significant challenges in maintaining their economic stability, as oil, their primary source of income, will experience a decline in demand. Therefore, most oil-producing countries have now begun developing other sectors that can provide new sources of income for their countries. This way, they are no longer completely dependent on oil, but their non-oil and gas sectors can provide income for the country.

I live in a country that's considered quite poor, and even there, many people have already acquired Teslas and other electric cars. The local government is doing everything it can to promote these cars, making electricity at its gas stations cheap and starting to build them everywhere. So I'm absolutely certain that in the distant future, cars running on oil won't exist at all, but only cars powered by electricity. This is the energy of the future.

Yep, that's a solid point because the world economy is still deeply in the grip of oil because almost every country in the world is dependent on oil whether it's renewable energy or vehicles. Oil is also the main ingredient in many products. This includes aviation, shipping, and even agriculture. So there is a gradual progress towards clean energy but this change is not possible overnight. So oil producing countries are strategic, they reduce production when necessary and increase investment in other sectors for the future. In reality, oil is not disappearing now but adapting to a changing world.

They will adapt and find other way of survival, most of those countries has been surviving long before oil was discovered. Humans are made to adapt to new environments and emerging technologies. If it happens that greener energy and and electricity cars pushes down oil demand in the future, those countries will go back to what they were depending on for exporting before they abandoned it for oil. Some of these countries abandoned agriculture for oil. Their lands are still fertile, so they can easily make the switch back to it.

I think oil-producing nations will stay relevant for longer than most people expect, but adaptation is inevitable. Transitioning to clean energy isn’t something that happens overnight, i takes infrastructure, technology, and policy alignment that many regions are still working toward.

That said, the smart oil economies are already diversifying. You can see investments shifting into renewables, tech, and even tourism in places like the UAE and Saudi Arabia. Those who treat oil as a tool to fund innovation rather than cling to it for survival will remain powerful well into the green era.

Even though there are options for cars and motorcycles, I don't think they can have an impact on the oil industry because, as you can see from the roads, 80 percent of vehicles and even bikes run on gasoline, and the majority of these industries use diesel. Based on all of this analysis, we believe that oil is still in the lead even in a world that is renewable, despite the negative environmental effects of fossil fuels due to emissions.

Even solar energy cannot sustain everything, but in the years to come, renewable energy will truly go a long way. For now, however, fuel is still king, and Saudi Arabia continues to sell fuel and has benefited their economy. The goal is to have a clean environment. The world is changing, and development is coming from different directions, especially when it comes to vehicles. However, we should consider the economic advantage of oil-producing nations, which are more economically dominant than renewable ones.

The answer to your question is [ YES ] Only if you’re talking of crude oil, Because crude oil is a natural source and the oil that is being extracted from it, every of our mechanical appliances can't do without it, So crude nations can survive with their crude oil in next 100 years, but let me also notify you, it's not every country that depends on oil especially the country that have oil, most of the civilised nations have other things that gives the money and if your country have oil, your nations will diversify their source of income, not that they will depends on the oil.

It is worth knowing that their are some countries that have other natural resources apart from crude, so it is very easy for such country to diversify and adapt to the trends of things in the worlds economy, for instance country like Nigeria that is richly blessed with fertile ground and other mineral resources like gold, crude oil etc can survive with the changing world's economy.

But because of the verse usage of crude oil, i think there will never be a time when crude oil and it's components will entirely be out of use.

Actually, almost all oil producer countries are investing in renewable energies. They all know that their oil prospering era is about to reach an end, even though this is not that near in the near future (still has another 50 years at least). At the same time, renewable energies are still stucked in a big obstacles which is that this sector itself is always depend on oil derivatives.

Generally countries depending on oil are still doing well except a mono economy nation, in times like this country will have to deviate to some other source for example my country depends only on oil production definitely Agriculture is another means I guess if oil production is no longer relevant there’s another means.
Electric vehicles are other form of technology meanwhile these products might not cover a certain nation viewing how expensive modern technology can be for example we’ve discussed several discussions concerning AI taking over human services yet human services are still needed for a good job well done.

Global market prices are still dependent on oil, meaning that the price of goods fluctuates depending on the rise and fall of oil prices. Oil is essential for various types of plastic factories, fertilizer factories, synthetic materials, aviation and heavy industries. However, developed countries of the world are constantly conducting research to reduce their dependence on oil. As a result of their research, they have invented electric cars. However, it may still take a long time to achieve success in the field of aviation. If oil-producing countries can diversify their economies, they will also be able to survive. However, it will take a long time for the importance of oil-producing countries of the world to decrease.

Time is gradually leaving oil and appreciating renewable world.people wants cleaner and greener world to leave in. People have started producing electric cars, electric stove,solar lights,solar TV etc. though oil is still holding stronge because not too many countries have ventured into renewables. But if the speed at which renewables are going then i fear oil will not dominate renewables. With people complaining about environmental degradation and air pollution here and there and technology advancing,in no distant time renewables will dominate. Renewables are even cheaper to maintain and to save cost. Now in my country,barbers use chargeable clippers to give people haircuts although time shall tell

That’s how I think as well. They promote the green new scam so hard everywhere, some people get brainwashed by it, by buying battery cars their demand on oil goes to lithium. Oil prices go lower because of that and those who don’t buy the green scam propaganda will be enjoying lower oil prices thanks to those people.

They think they are killing the oil giants and making a world a cleaner place but in reality, their cars are not environmental friendly and they are making oil cheaper for everyone else which is a good thing. Basically EV buyers are cannon fodders, sacrificing themselves for the rest of people.

Based on some reports, significant progress to move from fossil fuel to renewable energy could be made by 2050 and 2070 if enough effort is put in. The date for the total eradication of the use of crude oil is unknown because it seems very difficult.

Moving to renewable energy is expensive, so some countries might not be able to afford it. Meanwhile, key industrialised nations like China and the US are not vigorously pursuing the shift from fossil fuels to renewables. Trump is not a supporter of the protection of the environment like his predecessor Biden.

Two things are right about this "climate change" thing that we are living in right now. I do not care what the leftists who want a change says, I do not care who right wingers who says we should stay the same says. I think we do need a change, that much is true, and what "harm" could it be if the whole world ran on wind and solar? That's good, wish we had that overnight.

However, what both sides needs to understand is that, investment is not free, so building those wind and solar is not free, we give those subsidies so that they would continue to be built, and eventually yes we will have pure clean energy and no more coal and what not. But that will take time, time we may not have, see the burning of the world every single summer and you will realize, the whole Hollywood burned down ffs and it didn't matter.

So in the end, yes, oil is still needed, right now, because we have no alternative that is enough yet, not so clean energy is still needed, we can't punish usage of it.

I think that the dependence on oil will never decrease. We naturally trust more on things that provide good services at low cost. Similarly, oil fuel and related uses are available at low cost. If we think about solar energy and hydroelectric power as alternatives to oil, they cannot generate uninterrupted electricity, solar energy stops functioning in the absence of the sun.
Besides, if we think about hydroelectric power, if the water level in the river decreases, then electricity generation as before is not possible. Many people will talk about battery-powered vehicles as an alternative to fuel, but there is a problem with this too, the initial cost of the engine of these vehicles is higher than that of oil engines and after 2-5 years, new batteries have to be installed at a cost of about 60% of the price of the vehicle, which has the potential to cause losses to consumers like us.

Most importantly,in a renewable era,oil loses it's presence and value.Oil demand has quietly depreciated but not to zero(totally),it has only shifted from been the most important industrial resources.However,some economical industries would still needs resource backup for strategic purposes;during shortages or during unexpected demands arises.There's still a collective human trust in Oil that makes it survives.

Renewable energy is very interesting in many countries and it is a hot topic and studies are carried out continuously, the dependence on oil is not just because of pollution but because oil stocks are bound to run out and this is the main focus in energy innovation, oil will remain the main fuel but we have other alternatives for energy sources, meaning we have many choices in energy use and different uses with renewable energy.

Renewable energy will also definitely have a risk on the impact that will be caused, it looks like the energy resources from sunlight and then stored in batteries as energy storage, and you should know the waste in batteries is much more dangerous because it contains toxins that can be dangerous for humans and can damage plant ecology or pollute the environment.

EU has passed a regulation that says no fuel car will be sold after 2035, which EU won't have fuel stations along highways after 2035 or they will do down in numbers. Oil companies were once top companies of the world in terms of cap but now we can find only one or two oil companies in such list as tech companies are the one dominating these days. Oil no doubt is precious because many sectors like airlines, factories, power plants etc need it for daily operations but it's no more the most precious natural resource as it was in 20th century.    

The EU is not the World, the EU is laughing stock worldwide.
Look at your clothes, how much plastic do you wear? How many goods are wrapped in plastic?

agreed As the world moves toward renewable energy, oil is slowly losing the value it once had.It is no longer the main driver of industry like it was before. But still it's necessary. many areas like shipping and manufacturing still depends on it. Especially when there are shortage of energy or sudden spikes in demand. As many people and industry still have a strong trust on oil. It is been a reliable source for years, and that keeps it alive even in this new era. I personally think, for now oil will remain a backup rather than disappear completely. Over time, as new technology keep improving, oil's role will maybe shrink even more but it will still be there in the background helping balance the transition to a greener world

Even as renewable energy is increasing daily in our society, you hardly see any company without a back up power generator in this part of the world for backup.  Oil will always be valued, till next generation, as for now it's still very much needed till every household can afford the renewable energy, as for now it's still very expensive to buy. The poor people still preferred the oil over renewable energy because of it Price. Untill everyone can afford to get it then oil will always be available.

Renewable energy is already dominating China, everyone in China are using renewable energy products for their services, in advance countries renewable energy has arrived. Oil is not even considered anymore, in China every product using renewable energy,they do without oil. But In Africa countries and some Latin America it will take us u years to drop our oil because of poverty.

I don't think so, but you know crude oil is something that in the nearest future, like 20 to 30 years coming from now, will lose its value because there's a continuation in the present technology. Since we are in a technological  era, a lot of things will be discovere that will definitely bring down oil or lessen the crude oil value and power. Although there are some countries that can't do without crude oil, they are oil dependent, and if those countries didn't produce oil any longer, they could end up being a poor country. But for now oil dominates some countries in the world, and this same oil serves as a source of income for the country or is where a g
Government makes money to sustain their activities. Moreover, bothe oil and the electrical or solar vehicles has disadvantages and also has a advantages.

Depending on oil will eventually end. Not because of any climate change or any political reasons, if it were to change for that reason then it would have changed long ago. What will be the reason is that we will run out of oil eventually, that is not a questionable thing, it's a guaranteed thing, one day there will no longer be oil to dig which means we can't make money out of that.

So eventually we will have a world with no oil at all to keep the world running, and from now until then we will try to figure out a way to make that work. Cars are getting the first run, which is EV, but they are using other materials which are very hard to mine, and dangerous and will run out too, so they will have to improve and change too, but at least it is not oil anymore.