Not just money but oil is most important in the World

[cryptoboss2020]

Here is Why...
USA Control oil so USA have all power.
Some People Say China wlill compete with USA and Even like war.
I Tell You this...
To make war You need crude oil.  Without oil You cant do nothing
Even China production is mostly plastic what they export so to produce plastic You need crude oil.

Oil the Black gold.

There is no way anyone can stand against USA and USA dollar becouse by the numbers probably China India russia can Win over USA but for that they need oil... And who Got the all the oil? 
USA have it so until they Control oil the USA dollar remain king and future of New digital dollar development  as USDC and USDT  are just the small steps to make dollar great Again.

And look at bidden His the most smartest most strongest president with high diplomatic skills

Putin use to be Second serious president After Trump but now bidden Will Form world one one world government and bidden with USA dollar is Going to be king.

Im not on biden side or anyone I just tell how the things are.

When was g7 meeting we saw that bidden was Only strong Leader There like a boss.

To see that the biden are strong president we see that nobody willl take power of USA away.
Even China Will try with war...  But its Impossible USA have power over world oil and to get oil You need USA dollars and USA dollars u get it From USA Only

[Gozie51]

You have written so many repeating words and stating the obvious without punctuations for easy comprehension of your readers but I need to let you know that Biden is still new as the American president he ascended barely 6 months ago. As the 46th American president, he is still riding on the performance and glory of the past, there are no challenges that is new to him for the world to see his strength and policies he is going to introduce (he met covid-19, so is just a continuation for him). Biden has been printing more dollar and that may affect the currency if not probably handled.

About the black gold, nothing is permanent. Saudi Arabia is about saying they are not producers anymore and that means they are looking to diversify the economy. So oil may not be the ultimate as there are now different means to go pass the depency in the use of oil , like the electric cars that are being in use.

[cryptoboss2020]

You have written so many repeating words and stating the obvious without punctuations for easy comprehension of your readers but I need to let you know that Biden is still new as the American president he ascended barely 6 months ago. As the 46th American president, he is still riding on the performance and glory of the past, there are no challenges that is new to him for the world to see his strength and policies he is going to introduce (he met covid-19, so is just a continuation for him). Biden has been printing more dollar and that may affect the currency if not probably handled.

About the black gold, nothing is permanent. Saudi Arabia is about saying they are not producers anymore and that means they are looking to diversify the economy. So oil may not be the ultimate as there are now different means to go pass the depency in the use of oil , like the electric cars that are being in use.

Oil remain king electricity comes from oil also.

[pinggoki]

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.

[cryptoboss2020]

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.

[cabron]

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.

For war you need money. Biden flirting Putin after he called the guy a killer now wants to hold hands with Putin looks very desperate. China has more oil to dig in the South China Sea that's why they are persistent there. 

But most important of all is food. It's not oil nor black gold. When the people are hungry, the nation will have more riots especially in the cities where tents are scattered.

[BrewMaster]

But most important of all is food. It's not oil nor black gold. When the people are hungry, the nation will have more riots especially in the cities where tents are scattered.

exactly. more important than that is water. they have already predicted that the next world war is going to be about water.
while oil is important but its days are numbered. the countries are already moving away from relying on it and in the upcoming decades we will see it significantly lose its importance too. that is when countries like Saudi Arabia that rely on oil are going to turn into dust.

[eaLiTy]

while oil is important but its days are numbered. the countries are already moving away from relying on it and in the upcoming decades we will see it significantly lose its importance too. that is when countries like Saudi Arabia that rely on oil are going to turn into dust.

Since most countries are moving to green energy the consumption will be reduced but it will take a long time to see that change in the automobile industry as well especially in third world countries but you cannot say that the days are numbered for the oil industry because there is an entire market that rely on Petrochemicals and most of the byproducts are used on a day to day basis and that cannot be replaced because the products range from soap and detergents to paint and plastic to synthetic fibers.  

@OP Hope you are aware that China and Russia have oil reserves and they are placed in 4th and 3rd place in global oil production. India too have its oil reserves even though they import and so is the case with China.

[ChrisPop]

Oil is an important commodity to have, but owning much oil does not equal wealth. There are many factors that contribute to the wealth of a country - have a read on the Wealth of Nations by Adam Smith.

China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.

[cryptoboss2020]

Oil is an important commodity to have, but owning much oil does not equal wealth. There are many factors that contribute to the wealth of a country - have a read on the Wealth of Nations by Adam Smith.

China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.

Middle east are Under USA.
And Middle east oil belong to USA

[crzy]

We are still dependent to Oil but if you are going to look back last year where lockdown begins, it’s value decreases because no one are using it and that’s the possible scenario in the future if we are able to look for alternatives and I believe someone is already working on it. Oil is important and considered as basic goods, but if you are planning to buy make sure to know it’s risk.

[hugeblack]

The one who controls the oil is not the United States of America, but rather the oil-producing countries that have established an alliance known as OPEC+, which gives some decisions that directly affect oil.
The United States can influence oil-producing countries, but there is a federal law that prevents the price of a particular commodity from being determined directly, so the headquarters of OPEC + is outside the United States.

As for China, it is a struggle for influence to determine who can control a lot of resources and influence decision-makers.

[Obito]

We are still dependent to Oil but if you are going to look back last year where lockdown begins, it’s value decreases because no one are using it and that’s the possible scenario in the future if we are able to look for alternatives and I believe someone is already working on it. Oil is important and considered as basic goods, but if you are planning to buy make sure to know it’s risk.

It's not that everyone is using it, it's just that there's a pandemic so less cars and less gas and oil consumed. I don't think that they are going to find any alternatives because if they do, the higher power that benefits from the oil is going to do whatever it takes to have them still profit till the last oil drop.

[Kakmakr]

How does the USA control oil? They only produce 20% of the world production, with Saudi Arabia producing about 12% and Russia about 11% and Canada 6% ....................

You can still make war when you have some countries with oil that will come together to fight against the USA. I doubt that Russia or Saudi Arabia will fight with the USA in a World War III scenario....

A typical scenario will be that Saudi Arabia (12%) and Russia (11%) and China (5%) and Iraq (4%) and Iran (4%) and Kuwait (3%) will come together to fight against the USA .... and they will control almost 40% of the global oil production. 

[paxmao]

Thank you for letting us know something that is well-known since World War II. One of the reasons for the defeat of the Axis forces is their failure in securing the oil fields both in Arabia in Africa and in the Caucasus region in Russia. By the end of the war, the operations of the German army were severely limited for that cause, and it required the highest level of permission to use them.

Nowadays fuel is still the gold of war, but there are many other viable sources of energy and the refining processes are more sophisticated so you can get fuel from basically anything including camel shit. On top of that, there are even tanks that work with gas turbines.

Regardless, yes, oil is important even when not at war, yet you are absolutely wrong on you assumptions:
- Russia is actually an exporter of oil. They do not have any lack of it.
- Most reserves are in the middle east region.
- There is no shortage of suppliers in every continent as of today.
- USA does not control Oil at all. In fact a few months ago Saudi Arabia dropped the prices to near zero and killed quite a few fracking companies in USA.

Your political and economic analysis tend to suck TBH. Where do you get your information?

[aysg76]

But most important of all is food. It's not oil nor black gold. When the people are hungry, the nation will have more riots especially in the cities where tents are scattered.

Yes with all these commodities we ignore the most important thing which are required to live life especially food,water and oxygen.Why the hell do we need money? To fill our and our families stomach right so why ignore them with materialistic things of of economy.Water and oxygen will soon run out of supply if we keep on our continuous wastage of water and cutting Jungle and trees for industrialisation and setting up new cities.Saudi Arabia and UAE have become soo rich and developed with selling oil to the world no doubt but we also need to give importance to the ones on the top of list.

[crwth]

So are you saying that it's going to be the most important thing right now? I don't think it will be good for the environment if we continue this relying on this resource. It's not an infinite resource, but it's the most important thing IMO based on the name itself, unlike renewable energy resources. Developing the correct technology with this could save a lot of habitat for everything.

Renewable energy is the key. 

[Similificator]

Even without such reasoning, it only takes common sense to understand how important oil is and that people would exchange anything just to get a hold of it whenever possible. This is because of the fact that oil and its by products are the most needed necessity of our innovative world that desires even more innovation. Without oil, this world will go into chaos. Just try to imagine a wold without oil, could we have gone this far? I don't think so. And is we still want to get even further, more of this thing is needed.

[fiulpro]

I do think that right now considering the recent technologies, the renewable sources of energy are getting adopted more and more and therefore for the time being even if oil is an important asset, it won't be for long, there will be more options that we will see in the near future. Oil will ofcourse be necessary for the production of by-products but it won't be used so widely.

Even without such reasoning, it only takes common sense to understand how important oil is and that people would exchange anything just to get a hold of it whenever possible. This is because of the fact that oil and its by products are the most needed necessity of our innovative world that desires even more innovation. Without oil, this world will go into chaos. Just try to imagine a wold without oil, could we have gone this far? I don't think so. And is we still want to get even further, more of this thing is needed.

Well what we are talking about is " crude oil " used to make many things like petroleum jelly etc. But considering the recent innovations there are countries starting to use plants like jojoba to extract oil , which is not only affordable but also green.

I do believe that due to population explosion we might have to not only consider other options and substitutes but the power will also fluctuate since whosoever is successful in innovating a better and greener alternative, that country will have more stand in the world.

[CryptocurencyKing]

America is world power not just becuase of the oil for which we assume that they control. From my view point, I think there is more to this than we know it. America has been able to use diplomacy and rendering of aids through various international bodies to subject nations to some subordinate in a way that binds them altogether. You always have something yo loose by not being a part or subordinateto the demands and rules of these bodies. They are also world power becuase they've een able to portray themselves to be a free nation, having the highest populace of mixed race and are harnessing the energy and work force of all the race to fix its nation.