Oil producing countries experiencing hardship.

[angrybirdy]

I don't see middle East countries are facing any hardships as you mentioned they're the biggest producers of crude oil whereas Russia is also have huge resources but they're facing sanctions which makes it difficult for them to trade their natural resources and make money out of it.

that's true, in fact they became more wealthy especially nowadays that the price of oil is in hike and knowing them as the biggest producers of oil, It is also possible for them to be in danger because there are days when someone sends a warning or threat to them from another country using bombs or missiles, but because the security of the middle east is strict and alert, they are able to prevent it before it hits their country.

[WillyAp]

Hydro and electricity is making crude to become irrelevant that is why it is not bringing much value,  and people still depend on crude.

Only in the 1st world. The 3rd world will happily consume fossil based fuels.
To go electric you need a charger solution, worldwide and that is only cars, bikes. What happened to ships? Airplanes? Rockets???

[chigo]

Crude oil and its by-product are still very much valuable in any part of the world, for any country that is facing economic challenge that has crude oil, check very well there is something behind it, Saudi Arabia and Qatar and some countries in the world that have crude oil are doing very well with it. Even as most countries want to move away from fossil engine's, the crude oil and its by-product products are still sold in the international market on a substantial amount.  Op, if you know any country in the world that have crude oil and are not doing well except for corrupt countries, please mention them to me?

Crude oil is still an important commodity in the lives of the world's people, so its role is still difficult to replace by renewable energy. Recently, many people have complained about the high cost of battery maintenance for electric vehicles.

This confirms that the world is actually not ready to abandon crude oil, only some people claim that the world is getting sicker because of crude oil, this is actually not proven, in developing countries, it is difficult to abandon oil, so crude oil commodities are still very tempting.

[electronicash]

Crude oil and its by-product are still very much valuable in any part of the world, for any country that is facing economic challenge that has crude oil, check very well there is something behind it, Saudi Arabia and Qatar and some countries in the world that have crude oil are doing very well with it. Even as most countries want to move away from fossil engine's, the crude oil and its by-product products are still sold in the international market on a substantial amount.  Op, if you know any country in the world that have crude oil and are not doing well except for corrupt countries, please mention them to me?

Crude oil is still an important commodity in the lives of the world's people, so its role is still difficult to replace by renewable energy. Recently, many people have complained about the high cost of battery maintenance for electric vehicles.

This confirms that the world is actually not ready to abandon crude oil, only some people claim that the world is getting sicker because of crude oil, this is actually not proven, in developing countries, it is difficult to abandon oil, so crude oil commodities are still very tempting.

everything about crude oil is important. the plastic we use today in many products including the tires comes from the crude we process. this is how the OPEC countries going to be relevant no matter what and those hydro and solar are just not going to give a full energy that can be used extensively.

Russia discovering more deposits in their region is going to make them richer. the same goes for China in the South China Sea where they already could dig under the sea.
this is the kind of thing that will happen while the other apart of the world is abandoning crude.

[WillyAp]

Its funny how people talk about everything except about copper.
Copper is due to run our in 2030, that's not too far away. About a decade or 2 is recycling.

[kryptqnick]

Others in the thread are right to question the alleged hardship the op is talking about. The top countries by crude oil production are the United States, Russia, and Saudi Arabia. The US is doing great, still being the #1 economy in the world. Russia is a special case because of heavy sanctions due to its war against Ukraine, but its economy unfortunately grew by more than 3% despite everything in 2023. Saudi Arabia experienced a minor decline in 2023, it seems, but is expected to grow in 2024.
It's important to diversify economies that depend on natural resources because the world must move away from those resources to fight the effects of climate change. But it seems early to talk of hardships here.

[tengui]

The United Arab Emirates is a rich country because of petroleum. If there is a country that has large petroleum reserves but is not rich, it means that the country cannot process petroleum independently. Water energy, steam, and so on will not be able to replace petroleum due to the fact that currently the majority of vehicles still use oil fuel. switching from oil fuel vehicles to electric vehicles is not easy because the majority of the population uses oil fuel vehicles and time efficiency is a problem.