Not just money but oil is most important in the World

[andriarto]

Everything around us had a special used need for us to live and survive, we can't certainly hide such a thing.
However, some innovations had come, not just for now but probably in the future that we no longer use oil or to its minimal level only. As we are aiming to help global warming, the more eager we create things like cars that will not use crude oil anymore.

Well, the process and development could take so long but this gonna be happening.

Currently, many are competing to improve environmentally friendly technology, when humans think that global warming is increasingly threatening the earth, then currently environmentally friendly energy is being developed. and of course to change that habit not in the blink of an eye, it takes a long process, just like biodiesel which uses energy from plant products

[Xinarae*]

Both are needed to survive both money and oil are important the price of oil has been directly affected by the coronavirus not that. On the contrary there is another indirect reason behind it the negative impact of the coronavirus has led to a drop in global oil demand which has been a direct factor another reason for the decline in prices is that oil supply is increasing despite declining demand. Technology will increase the use of oil as a last resort oil is the main driving force of world economic activity.

[Lorence.xD]

Oil is important because the oil barons tells us that it's important and they want to be a monopoly for fuel. Electric cars have been here for a long time but they don't seem to gain traction because oil barons are suppressing the popularity of it because their oil will be worthless.

[SquallLeonhart]

Oil is not everything, you know. And moreover there are starting to be lots of alternatives that are coming out these days. We are seeing things like electric cars, stoves and others that are not depending on oil like it used to be before. We have passed where almost everything had to depend on oil to function, this time around it’s totally different.

So don’t say that having oil makes a country the world power, if oil determines the level of power , then you should know that there are lots of other countries that has oil more than the US. And if it’s all about value of currency, then you should as well know that there are other currencies that are worth more than the USD. From the way you’re saying all these things, seems to me you still have a long way to go in this.

Yeah, oil will get less and less valuable that's the truth. I know it is not going to be today, but between hydro which has been a thing for decades, solar and wind we are going to have renewable energy everywhere, more and more cars are electric, more and more productions in factories are getting electricity from renewable, and more and more places decline to use oil because of the high taxes required which was put in use to lower oil use.

Basically there will be a moment where oil will be so cheap, you will have to pay to own it which happened in last march as well, it was literally negative price, you had to pay to own it, let alone have a worth in positive so you can sell. That was the first time, and it will happen again in the future and eventually there will be less and less produced, we do not have infinite amount of oil in the world, we need to move away from it as soon as possible.

[inoes]

America has become a superpower.  only China can make America restless.  If the Middle East (Arabic) countries no longer cooperate with America in terms of crude oil, America's power could be weakened.  but if there was another super power country, would it be friendlier?  No one knows.  but I don't think that will ever happen.  anyone who has a contract with America then it is very difficult for them to escape.  America must want it.

[Princejebs]

Oil is important because the oil barons tells us that it's important and they want to be a monopoly for fuel. Electric cars have been here for a long time but they don't seem to gain traction because oil barons are suppressing the popularity of it because their oil will be worthless.

You don't think crypto or bitcoin is the same. Must of this so called shillers we see on twitter and YouTube are big holder in some coins that's why they always use that medium to tarnish the traditional system. The thing is every one is trying to survive and its always competing.
Look at how World Bank reject bitcoin when a country president seek for their help because they fee3its not suitable for economy.

[fulcare]

America has become a superpower.  only China can make America restless.  If the Middle East (Arabic) countries no longer cooperate with America in terms of crude oil, America's power could be weakened.  but if there was another super power country, would it be friendlier?  No one knows.  but I don't think that will ever happen.  anyone who has a contract with America then it is very difficult for them to escape.  America must want it.

China is making everyone restless already, that is no future music. China is buying into the stock markets all around the world, conquering Africa and monetizing it for their purposes and they have an incredible army of well educated IT specialist even at their youngest age. The times ahead of us are interesting.

[magneto]

Crude oil certainly does have a large influence on economic activity, there is no doubt about that.

But that influence is shrinking substantially as EV's become more and more popular and realistic as a form of transport by the day. This can be clearly seen by the EV SPAC boom earlier last year and the huge runup TSLA has had.

No single asset is "most important", period. They all have their boom and bust phases.

[fulcare]

Crude oil certainly does have a large influence on economic activity, there is no doubt about that.

But that influence is shrinking substantially as EV's become more and more popular and realistic as a form of transport by the day. This can be clearly seen by the EV SPAC boom earlier last year and the huge runup TSLA has had.

No single asset is "most important", period. They all have their boom and bust phases.

TSLA run up was a bit weird to be honest. It almost looked like a coordinated pump. There is literally no data backing that run up up in any way. TSLA hardly produces any cars, profits come from certificate trading and Bitcoin. Apple partnered with KIA and is most likely launching three models at the same time in 2024. Yet TSLA is already one third the market capitalization of Apple. I don't think Apple cars will be inferior. It is not that competitors stand still and Musk is producing record numbers on a daily basis.
But yes, the influence of crude oil will go down over time. Will be exciting to see how the Saudis manage that transition.

[nakamura12]

You may say it like that but there is one thing you are wrong about the most important instead you should have said it that oil is one of the most important in the world. How about money, you need money too right to buy important parts for the oil rig to pump oil. This is basically the same as the food is the most important in the world but the truth is that you can't have food when there is no land (an example for comparing between the two).

[Snappycoco]

They believe that whoever controls oil, controls the world that why they are very much crazy about oil. There are some quite facts about it due to the fact that oil is the one who moves everything on earth but with recent innovations on energy consumptions, countries are trying to lessen their carbon footprints and the rise of solar energy is inevitable.

[ven7net]

To be honest, I'm not sure that the United States is still the boss in the world. It looks more like the United States is now in big problems and is just at a fork in the road where it is necessary to choose or retain the power of the dollar or preserve the sector of the real economy. Since it was announced in Geneva that the United States is looking for allies against China, it is likely that the United States chose the second path, namely, to preserve the sector of the relative economy. As for oil, the United States no longer controls it, it lost this battle last year and lost its shale industry. But the truth is that in order to wage a war, you really need a lot of energy, but as we see now, neither the United States nor China has enough energy, for that Russia has it, which means that there will not be any real war, in any case in the next 5 - 10 years, and then we will see.

[bryant.coleman]

They believe that whoever controls oil, controls the world that why they are very much crazy about oil. There are some quite facts about it due to the fact that oil is the one who moves everything on earth but with recent innovations on energy consumptions, countries are trying to lessen their carbon footprints and the rise of solar energy is inevitable.

Can't disagree with this statement. During the last 3-4 decades, most of the major military confrontations have occurred in regions that are rich in oil resources. And ironically, apart from a few exceptions (such as the GCC nations, Brunei, Norway.etc), most of the oil producing countries have remained in abject poverty (Nigeria, Venezuela, Libya, Angola, Russia.etc). In many cases, the petroleum resources have attracted unwanted external intervention and this has fueled civil wars within the country.

[sapnu]

We all know how essential oil is and I agree with the statement that whoever controls oil rules the world. Almost all of the things we are using daily requires oil to function. On the other hand, having USA as the top tier in having oil, it makes them dominate the world already and later on, we will surely see other countries like China competing against USA over the world domination and ruling of oil. Nevertheless, as innovations take place, we will surely see something that will replace oils essence and some countries may take advantage over it.

[Sterbens]

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

I don't see the great power of Biden if he doesn't have anyone behind him. Hasn't Biden been experienced since he was with Obama? so Biden is currently working diplomatically with China and Russia to mend their strained relationship. but have you ever thought that Putin is actually collaborating with the president of Turkey they are going to build a large company that was recently discovered on the Black coast near the Turkish border.

Obviously this has made Biden worried that since the discovery European countries have begun to approach Russia and Turkey. while from the beginning the hostility that was built between China and the US was a kind of cold war. Biden only looks weak when wooing without showing US anger.

[Flexystar]

I don't think Putin and China's diplomatic are in favour of Biden at all. Though we have to discuss importance of oil on one side, let us not forget that Biden has halted various operations from China mid-covid. Though it was out of anger towards Chinese misbehave during the Covid situation, Im sure this will impact at some point while creating such diplomatic relationship.

[tulusikhlas]

So everyone is talking about the basic needs or the economic needs of the state power? all of which are important at the same time have a positive value to extend life. food, drink, clean water, lots of money and welfare without taxes. abundant natural wealth and the absence of eviction of farmers' land because without farmers we cannot eat from their crops. the point is not to care about oil and whatnot. it's a state affair that wants to dominate the world's economic sector, but the people themselves suffer from hunger. what's the point of oil if even the smallest thing can't be noticed.

[electronicash]

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

I don't see the great power of Biden if he doesn't have anyone behind him. Hasn't Biden been experienced since he was with Obama? so Biden is currently working diplomatically with China and Russia to mend their strained relationship. but have you ever thought that Putin is actually collaborating with the president of Turkey they are going to build a large company that was recently discovered on the Black coast near the Turkish border.

Obviously this has made Biden worried that since the discovery European countries have begun to approach Russia and Turkey. while from the beginning the hostility that was built between China and the US was a kind of cold war. Biden only looks weak when wooing without showing US anger.

Russia is also investing in other countries like Turkey, they really have plans to bridge countries in Europe to Asia like the belt and road of China.

the purpose of the meeting is to have a good relationship with Russia but instead, it's stirred down to elsewhere. i think Biden was asking for Putin to rejoin back to G7. the problem is that Russia has close ties with China, they are neighbors as it is.

[Tahsin Kabir Kollol]

At present money is an important medium of exchange and through it, people meet their various needs. All over the world, it is almost impossible to do without money, but externally, money is just a piece of paper. Although it is possible to buy all the necessary goods in exchange for money, each substance has a different significance. The importance of crude oil at the present time is extremely important in all cases. At present, the world cannot be imagined without fuel oil. So at present, no country's economy can be thought of without oil. So a closer look reveals that in addition to money, crude oil is equally important for a country's economic and military development. That is why developed countries, including China, invest in various oil-rich countries and have various military agreements to ensure their oil demand and supply.

[sana54210]

We all know how essential oil is and I agree with the statement that whoever controls oil rules the world. Almost all of the things we are using daily requires oil to function. On the other hand, having USA as the top tier in having oil, it makes them dominate the world already and later on, we will surely see other countries like China competing against USA over the world domination and ruling of oil. Nevertheless, as innovations take place, we will surely see something that will replace oils essence and some countries may take advantage over it.

Interestingly China went with another route, which I do not know if it is an amazing move for them or not, and Saudi Arabia went with another. Those are three very wealthy nations, and I can name some other of course but that is not important I want to point out these three. USA went with oil, they want oil, they want to control oil production and how it moves, that is why Oil is pegged to USD everywhere in the world, and that is a good way to dominate, they have some amazing companies that make billions of dollars yearly from overseas as well.

Secondly we have China, which is buying land and houses in other nations, which is a reasonable investment, when you have tens of billions of dollars then you can buy lands everywhere in the world, and big lands as well, or huge apartments in big cities. Saudi Arabia on the other hand buys stocks of other nations companies, they own so much of big companies that we are not even realizing the whole world is basically working for Saudis at this point. No idea which one is better.