Not just money but oil is most important in the World

[Shamm]

   Somehow not just money that we need in everyday, not just money work in everytime. But we Never think that we also used other resources that is also important in everyday like Oil. Oil is one of the Resources we needed like in every day transportation, and second is Electricity, Oil are really needs so that it can produce an electric. I'm not saying that oil is important than money but i just want to explain is both of them are really need to work it easily cause without money we can not buy Oil, and we without Oil we can not produce electricity to make it faster the work and finished it early that's two resources how important to us  balanced.

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[DrBeer]

  Somehow not just money that we need in everyday, not just money work in everytime. But we Never think that we also used other resources that is also important in everyday like Oil. Oil is one of the Resources we needed like in every day transportation, and second is Electricity, Oil are really needs so that it can produce an electric. I'm not saying that oil is important than money but i just want to explain is both of them are really need to work it easily cause without money we can not buy Oil, and we without Oil we can not produce electricity to make it faster the work and finished it early that's two resources how important to us  balanced.

Hmm ... why argue - just some statistics:

In 2020, the 27 countries of the European Union received more electricity from renewable sources than from fossil fuels for the first time. The share of coal, gas and oil fell to 37%, while wind, solar, hydropower and biomass accounted for 38% of total EU generation, increasing production by 10%.

Wind and sun provided a fifth of all electricity in the EU.
Renewable energy sources (RES) took the lead thanks to the continued rapid growth of wind and solar energy, which increased generation in 2020, despite the economic crisis, by 9% and 15%, respectively. Together they provided 19% (almost a fifth!) Of all electricity in the EU last year: wind accounted for 14%, sun - 5%.

For comparison - statistics on sources of generation for 2019:
  Coal / Peat (38.0%)
  Natural gas (23.0%)
  Hydro (16.2%)
  Nuclear (10.1%)
  Wind (4.8%)
  Oil (2.9%)
  Biofuels and energy from waste (2.4%)
  Solar (2.1%)
  Geothermal, tidal and others (0.5%)

Does anything confuse you in your post?

Total - the volume of electricity generation, from renewable sources, is already significant in the total share. And the process is in fact at the beginning of true industrial green energy production. BUT

[SquallLeonhart]

The oil industry moves unthinkable amounts of money in the world which goes directly to the pockets of the establishment's members who rule their local societies on the backgrounds. That is the reason why electric cars and similar technologies are never fully implemented or opened to everyone for an affordable price.
Oil was indeed black gold many years, but it shouldn't remain like this anymore, because it's already possible to replace it, if there was legit interest from governments, businessmen and bureaucrats.

However, modern slavery is more profitable for them, as renewable sources of energy turn people less dependent, just like bitcoin and financial system correlation, so oil will last as black gold for a long time yet.

Oil prices are not what it used to be, it dropped significantly during last year's pandemic crash, and it never really fully recovered, it is going to be less and less wanted in the future. It doesn't matter how much money they make, which is less around now compared to back in the day, it is all about how many people prefer it. As long as people keep improving the renewable energy platforms, get more energy from solar panels, drop the capital required to build it and so forth, that R&D will come back and result with people using renewable energy.

At the end of the day which one would you prefer, keep paying for oil, or would you rather have something that you pay a lot at first but then free forever? Look at Tesla cars, you wait 30 minutes to recharge it, but then it is free of charge give or take, maybe few cents, whereas cars that run on oil may fill it up in a minute but it costs how many dollars? Eventually people will realize the difference.

[fulcare]

The oil industry moves unthinkable amounts of money in the world which goes directly to the pockets of the establishment's members who rule their local societies on the backgrounds. That is the reason why electric cars and similar technologies are never fully implemented or opened to everyone for an affordable price.
Oil was indeed black gold many years, but it shouldn't remain like this anymore, because it's already possible to replace it, if there was legit interest from governments, businessmen and bureaucrats.

However, modern slavery is more profitable for them, as renewable sources of energy turn people less dependent, just like bitcoin and financial system correlation, so oil will last as black gold for a long time yet.

Oil prices are not what it used to be, it dropped significantly during last year's pandemic crash, and it never really fully recovered, it is going to be less and less wanted in the future. It doesn't matter how much money they make, which is less around now compared to back in the day, it is all about how many people prefer it. As long as people keep improving the renewable energy platforms, get more energy from solar panels, drop the capital required to build it and so forth, that R&D will come back and result with people using renewable energy.

At the end of the day which one would you prefer, keep paying for oil, or would you rather have something that you pay a lot at first but then free forever? Look at Tesla cars, you wait 30 minutes to recharge it, but then it is free of charge give or take, maybe few cents, whereas cars that run on oil may fill it up in a minute but it costs how many dollars? Eventually people will realize the difference.

Well it never really full recovered back to its ATH, but congratulations who bet on oil big time when it his its ATL. Wasn't it that you could get oil at negative prices? That the paid companies to put oil on their tankers and just park it in the ocean to keep production going despite lack of storage space? Oil was so low that I can't believe I didn't play a nice long position with leverage at some point. Who knows how far it will recover, gasoline prices are about to go to ATH.

[SquallLeonhart]

Oil prices are not what it used to be, it dropped significantly during last year's pandemic crash, and it never really fully recovered, it is going to be less and less wanted in the future. It doesn't matter how much money they make, which is less around now compared to back in the day, it is all about how many people prefer it. As long as people keep improving the renewable energy platforms, get more energy from solar panels, drop the capital required to build it and so forth, that R&D will come back and result with people using renewable energy.

At the end of the day which one would you prefer, keep paying for oil, or would you rather have something that you pay a lot at first but then free forever? Look at Tesla cars, you wait 30 minutes to recharge it, but then it is free of charge give or take, maybe few cents, whereas cars that run on oil may fill it up in a minute but it costs how many dollars? Eventually people will realize the difference.

Well it never really full recovered back to its ATH, but congratulations who bet on oil big time when it his its ATL. Wasn't it that you could get oil at negative prices? That the paid companies to put oil on their tankers and just park it in the ocean to keep production going despite lack of storage space? Oil was so low that I can't believe I didn't play a nice long position with leverage at some point. Who knows how far it will recover, gasoline prices are about to go to ATH.

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.

[DrBeer]

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!

[KennyR]

The oil being mentioned accrued to money, so you can actually say that oil is money. You can just source your money from other means but in my country oil brings in more money for the government.

Oil is the most important need in life today, there is no activity from agriculture to industry that is free from oil, of course it is natural that oil is more important than money, because without oil money will not be valuable.

what did you mean by "without oil, money will not be valuable"? Money is valuable because it is accepted by everyone as a globally exchange currency. On the other hand, we need oil to run factories and vehicles. We can still survive without oil if we live our lives in our old traditional ways how our forefathers did. oil is important in the digital world but not the most important valuables. You can say batteries are most important because things can run without oil but not without batteries.

On survival oil might not be a need, but for many countries oil reserve is the only source of major income. So oil is an important thing. Countries like UAE and East Asian Countries could've never be in such heights if there is no oil reserve with them. Batteries are the innovation as an alternate to the oil usage on vehicles.

[Sithara007]

what did you mean by "without oil, money will not be valuable"? Money is valuable because it is accepted by everyone as a globally exchange currency. On the other hand, we need oil to run factories and vehicles. We can still survive without oil if we live our lives in our old traditional ways how our forefathers did. oil is important in the digital world but not the most important valuables. You can say batteries are most important because things can run without oil but not without batteries.

Perhaps he is mentioning that the power of fiat currency would go down, as crude oil transactions accounts for a large fraction of the international trade. It is being said that the US Dollar derives it power, since it is globally used for export/import of crude oil and petroleum products. And many call the US Dollar as "Petrodollar". Remove the US Dollar from the petroleum trade, and you will find it's exchange rate and value going down drastically. And other currencies, such as GBP and CNY have tried to get themselves established in the oil trade, but they didn't had any success in doing so.