Not just money but oil is most important in the World

[fulcare]

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.

China is also conquering foreign stock markets. They have vast amounts of equity in hundreds and hundreds of companies listed on the European stock markets. They have a real strategy in place, trying to get their shares and secure their position on literally every continent. What's so impressive about them is that they do it quietly step by step. They have developed at an unbelievable pace over the last decades.

[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.

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.

Yeah and even some will bully it's way just to get that precious oil like China to Philippines. They know that West Philippines Sea is quite rich with untapped minerals including oil that's why they are bullying its way just to get it for them. They even estimated it for Trillions worth of oil and could lead to new world order if not intervened by 1st world countries.

[bryant.coleman]

Yeah and even some will bully it's way just to get that precious oil like China to Philippines. They know that West Philippines Sea is quite rich with untapped minerals including oil that's why they are bullying its way just to get it for them. They even estimated it for Trillions worth of oil and could lead to new world order if not intervened by 1st world countries.

I agree that the South China Sea is rich in various minerals and fish deposits. But petroleum deposits are not that important. Even if there are petroleum deposits there, these deposits are very difficult to extract and it doesn't make any economical sense to set up oil rigs there. Unless the crude oil prices surge above $100 per barrel, these deposits may not be even considered for extraction. China is more interested in expanding the area of ocean under its control. Mineral deposits are just a secondary priority.

[Felimon]

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.

[awik p]

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.

[suryana]

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.

I also agree and think so. Oil is needed in various sectors, even large industries really need oil to drive all their machines. I don't know what would happen if this became so rare. This has become a basic need for the industrial sector. Like water, if water is difficult to get, humans will die of thirst.

[Kittygalore]

Nope, oil isn't important. The oil barons just want you to think that because if they aren't relevant then they will have less profits. Plus there's a lot of renewable energy out there on the market and electric cars to replace oil but the only problem is that we are brainwashed to think that we need oil when there's a lot of better and cheap alternative.

[imstillthebest]

USA have power over world oil and to get oil You need USA dollars and USA dollars u get it From USA Only

how can they sell the oil if they will only accept usa dollar ? and no we can get the usa dollar anywhere via money exchangers .
 also is it saudi has the most oil ? oil is important before but right now many are against with oil because they say that it hurts the enviroment ,
 its why they invented machines , cars , pans and other things that dont need oil .

[jaberwock]

China is also conquering foreign stock markets. They have vast amounts of equity in hundreds and hundreds of companies listed on the European stock markets. They have a real strategy in place, trying to get their shares and secure their position on literally every continent. What's so impressive about them is that they do it quietly step by step. They have developed at an unbelievable pace over the last decades.

I do not get why nobody really cares about it, like what could be the situation that allows European and American governments to let that be? If another nation ends up buying half of all the big companies listed in Nasdaq then I would be very upset about it, I wouldn't be happy about it, for some reason people are quite happy about getting Chinese money go back into economy instead of staying there, not only they are not worried they are happy, because these companies paid china to produce something then china used that money to buy the company? How is that any good?

At the end of the day I think it is obvious that we should be upset over Chinese financial domination, and unless we do something to stop them, they are going to won all the companies and business' all over the world eventually, not right away of course but in a few decades it will be mainly Chinese owned by the looks of it.

[bryant.coleman]

I do not get why nobody really cares about it, like what could be the situation that allows European and American governments to let that be? If another nation ends up buying half of all the big companies listed in Nasdaq then I would be very upset about it, I wouldn't be happy about it, for some reason people are quite happy about getting Chinese money go back into economy instead of staying there, not only they are not worried they are happy, because these companies paid china to produce something then china used that money to buy the company? How is that any good?

At the end of the day I think it is obvious that we should be upset over Chinese financial domination, and unless we do something to stop them, they are going to won all the companies and business' all over the world eventually, not right away of course but in a few decades it will be mainly Chinese owned by the looks of it.

There is no truth in these claims. The total market capitalization of NYSE + NASDAQ is around $45 trillion. The vast majority of this amount is owned by individuals and corporations that are based in the United States. Foreign investors (especially those from China, Japan, Middle-east.etc) own only a small fraction of this amount. I don't see anything wrong with it. More foreign investment will create more demand for the stocks, and this will push up the stock prices. US citizens will benefit out of this, in the form of higher returns to their stocks. And the government will also receive higher amount of taxes.

[el kaka22]

The trick is that USA is controlling the whole of Oil market only because that is the thing that does bring power to business, there are soooo many business in the world that relies on oil that there is absolutely no way to get rich without participating even just a slight bit into oil as well, one part of your business relies on oil one way or another. Even if it is not directly based on it, you at least use cars which uses oil/petrol so you end up with it.

So, long story short whenever you find a lot of "energy" which could be oil, gas, green whatever that means you get stronger as a nation because it is THAT much important. Money however can solve all of that, if you are rich enough you could simply buy it in bulk and not have a problem. However what you do with that oil matters, USA controls all of oil yet its citizens die of lack of insulin, whereas Norway has oil yet they are happiest nation in the world.

[izsara]

yes thats true and now the price of oil is now experiencing a sizable increase, recorded that Brent crude futures rose 1.93 percent or $1.43 to the price of $75.55 per barrel. US West Texas Intermediate futures settled 2.22 percent, or $1.62 higher, at $74.56 a barrel.
This is because the supply of oil in the USA has decreased.
and now US crude and gasoline stocks are down and gasoline demand is at its highest level since 2019.
I think this is what makes oil one of the contestants because it is not only money that has power but it could be with this so that oil is fought for and believe or not there are a lot of disputes that occur because of this oil

[DrBeer]

China will fight against the US ? More delirium is hard to come up with! By destroying the United States, both the economy and the financial system of the United States will be destroyed, leading to a world collapse. And China will lose essentially the best creditor and consumer of its economy. This is an allogical concept. What China needs is:
1. New territories, and "old" ones, previously lost during the conflicts of the 19th and 20th centuries. There is both an economic and political need for this. The population is very large. To raise the status of the ruling party, it is necessary to return their "ancestral" lands - from the Urals to Mongolia.
2. Some resources - such as, for example, forest, water, land for agriculture. The most attractive option is the eastern regions of the Russian Federation. Moreover, there is already a massive assimilation of regions by the Chinese. Some cities in the Russian Far East are already almost 90% populated by Chinese.

Have you ever watched the parades of the PRC army? Be sure to check them out - you will find them on YouTube in 5 seconds. Pay attention to the camouflage technique! Camouflage - at a significant part, for operations in snow-covered areas. Now the question is - China will fight against Greenland? Or attack Canada? Or Alaska? Let's think - on whose territory is the Chinese army ready to fight ?! Today it is Russia that has become a resource / territorial appendage for China, which means that China will defend its interests there in the near future ...

[Sithara007]

yes thats true and now the price of oil is now experiencing a sizable increase, recorded that Brent crude futures rose 1.93 percent or $1.43 to the price of $75.55 per barrel. US West Texas Intermediate futures settled 2.22 percent, or $1.62 higher, at $74.56 a barrel.
This is because the supply of oil in the USA has decreased.
and now US crude and gasoline stocks are down and gasoline demand is at its highest level since 2019.
I think this is what makes oil one of the contestants because it is not only money that has power but it could be with this so that oil is fought for and believe or not there are a lot of disputes that occur because of this oil

It is like a chain reaction. If the crude prices remain high, then the shale oil producers will pump out more and more oil by fracking. This will increase the supply of crude oil in the market and suppress the prices. And when the crude oil prices go down, the shale producers will once again struggle to balance their finances and then the supply will drop. And when the supply drops, the prices will go up once again. And then the cycle will repeat like an infinite loop. The OPEC and the shale producers need to reach an agreement.

[RealMalatesta]

China will fight against the US ? More delirium is hard to come up with! By destroying the United States, both the economy and the financial system of the United States will be destroyed, leading to a world collapse. And China will lose essentially the best creditor and consumer of its economy. This is an allogical concept. What China needs is:
1. New territories, and "old" ones, previously lost during the conflicts of the 19th and 20th centuries. There is both an economic and political need for this. The population is very large. To raise the status of the ruling party, it is necessary to return their "ancestral" lands - from the Urals to Mongolia.
2. Some resources - such as, for example, forest, water, land for agriculture. The most attractive option is the eastern regions of the Russian Federation. Moreover, there is already a massive assimilation of regions by the Chinese. Some cities in the Russian Far East are already almost 90% populated by Chinese.

No matter how "large" the population can become, china has VAST VAST lands, they do not "need" lands to put more people in, the problem they already have is that people are getting into crowded cities instead of expanding to larger areas, there are many many more places in China and that nobody stays right now, this is valid for nearly every nation, usually the capital city (or could be like how New York is not capital but most crowded) or any other city gets super crowded and there are places where you can drive for hours without seeing one house, so it could get to a level where every city is as crowded as the most crowded city and that could mean that population can grow 10x and it would still be fit into the same nation.

The problem is usually food related, and shelter related, if you can't find that even when you have enough of it, that is the biggest problem.

[DrBeer]

China will fight against the US ? More delirium is hard to come up with! By destroying the United States, both the economy and the financial system of the United States will be destroyed, leading to a world collapse. And China will lose essentially the best creditor and consumer of its economy. This is an allogical concept. What China needs is:
1. New territories, and "old" ones, previously lost during the conflicts of the 19th and 20th centuries. There is both an economic and political need for this. The population is very large. To raise the status of the ruling party, it is necessary to return their "ancestral" lands - from the Urals to Mongolia.
2. Some resources - such as, for example, forest, water, land for agriculture. The most attractive option is the eastern regions of the Russian Federation. Moreover, there is already a massive assimilation of regions by the Chinese. Some cities in the Russian Far East are already almost 90% populated by Chinese.

No matter how "large" the population can become, china has VAST VAST lands, they do not "need" lands to put more people in, the problem they already have is that people are getting into crowded cities instead of expanding to larger areas, there are many many more places in China and that nobody stays right now, this is valid for nearly every nation, usually the capital city (or could be like how New York is not capital but most crowded) or any other city gets super crowded and there are places where you can drive for hours without seeing one house, so it could get to a level where every city is as crowded as the most crowded city and that could mean that population can grow 10x and it would still be fit into the same nation.

The problem is usually food related, and shelter related, if you can't find that even when you have enough of it, that is the biggest problem.

You misunderstood me a little. I will clarify.
China has a "historical grievance" and regional ambitions for the new empire. "Historical offense" - for the lands that passed to another country, and which China considers primordially its, historically. Further about the territory - have you looked at the map of China? Have you been to central, server and western China? I recommend watching. There is indeed a lot of land there - but you would hardly agree to live there. Therefore, China still has a problem with the territory. And about resources - China needs fresh water, timber, agricultural land! The closest and, in fact, the only place where it is is from its "friend" and its raw material appendage - Russia. Moreover, it was she who not so long ago deprived China of part of its lands, which means that Russia is the most convenient object for solving the above problems. Moreover, you cannot help but notice how Russia is flirting with China, trying to be as "soft and benevolent" as possible, knowing full well that the West is not a supporter of open military confrontation, but China does not care - it has the largest army in the region, assimilated by the Chinese the southeastern part of the Russian Federation, nuclear weapons and "the best communist party in China!"


PS Surprising fact: China is among the leaders in the TOP 3 world suppliers in the following directions:
- Fuel wood (2nd place)
- Business round wood (2nd place)
- Lumber (1 piece)
- Sheet wood materials (1 piece)
- Paper and cardboard (1 piece)

It seems nothing surprising. BUT - according to Chinese law, deforestation is practically prohibited in China. Read more in the "Forest Code of the People's Republic of China". Chapter V. Harvesting of wood. Guess - where does China get its timber from on such a scale?

[Rruchi man]

Oil is the most important. Without oil, we'd have a transportation crisis. Folks will not be able to move their cars, motorcycles, trucks, trains and planes from point A to B. It would be Hell.  Without Oil, the world's electricity will be gone and people live in total blackouts. There would be food shortages worldwide because there'll be no electricity to power your refrigerator. Without the byproducts from crude oil, the world will be without the basic necessities of life, how would we manufacture paints and fertilizers, what about the plastics.

Think about it, not just money but oil is the most important thing in the world.

[suzanne5223]

Oil is the most important. Without oil, we'd have a transportation crisis. Folks will not be able to move their cars, motorcycles, trucks, trains and planes from point A to B. It would be Hell.  Without Oil, the world's electricity will be gone and people live in total blackouts.

There's no denying that the US controlled oil but I don't agree that oil is the most important thing or without it, there will be a transportation crisis and no electricity because we're in the 21 century where new innovation technology are introduced every day.  Besides, with electric vehicles created by Tesla and some other ideas that will be developed, it is only a matter of time before oil depreciates in the market.

[Sithara007]

Oil is the most important. Without oil, we'd have a transportation crisis. Folks will not be able to move their cars, motorcycles, trucks, trains and planes from point A to B. It would be Hell.  Without Oil, the world's electricity will be gone and people live in total blackouts. There would be food shortages worldwide because there'll be no electricity to power your refrigerator. Without the byproducts from crude oil, the world will be without the basic necessities of life, how would we manufacture paints and fertilizers, what about the plastics.

Think about it, not just money but oil is the most important thing in the world.

Oil is required for transportation. Agreed with that point. But for electricity generation, oil is no longer used. Diesel and Naphtha are no longer used for electricity generation, due to being more expensive when compared to other sources such as coal and Uranium. But oil still have a monopoly for transport. And it is one of the essential sectors. No viable alternative exists right now in the transport sector. EVs are not used on a large scale, because they are much more expensive, and also due to the fact that some of the components used in the EV battery (Lithium, Cobalt.etc) are in short supply.

[bryant.coleman]

I believe oil will last for a long time, the presence of electric cars is getting a lot of challenges even from many industrialized countries, they have invested in large amounts of oil so it takes a long time to profit, electric vehicles may only reduce 10% of oil use in the next 50 years .

The problem with electric cars is that they also depend on non-renewable resources such as Lithium. So it is not a very sustainable situation. Already EV manufacturers such as Tesla and Nissan are reporting shortages of Lithium and Cobalt. The situation with Cobalt is especially precarious, since most of the deposits are found in the war torn country of Congo. Unless they can come up with a new battery technology, EVs will never get popular. The cost of producing an EV will go further up in the future, due to Li-Co shortage.