Can oil still dominate in a renewable world?

[God Of Thunder]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

What do you think, mate? Do you think the oil demand will continue to decline? Still most of the countries produces Bikes, cars that uses oils. Not only in vehicles, many industries still use oils. Do you think the oils has unlimited supplies? It doesn't. The Oil mines will dry out in the future, but the demand will remain the same, hence, the price of the oil will increase over the time. If you some declining in the market, it is temporary. Zoom out the chart and you will realize that the oil demans has always increased and the oil price increased as well.

[Free Market Capitalist]

Do you think the oils has unlimited supplies? It doesn't. The Oil mines will dry out in the future, but the demand will remain the same, hence, the price of the oil will increase over the time. If you some declining in the market, it is temporary. Zoom out the chart and you will realize that the oil demans has always increased and the oil price increased as well.

The problem with this theory is that it dates back to 1956 and predicted the apocalypse decades ago, which has not come to pass. What's more, we have an oversupply, when according to the theory we should have run out of reserves long ago. To explain this, I quote AI Copilot:

Hubbert’s peak oil theory assumed geology was the main constraint, but today’s oversupply shows how technology, geopolitics, and demand shifts can flip the script.
📉 What’s happening now (2025):
- The International Energy Agency (IEA) projects a global surplus of around 3–4 million barrels per day in 2025–2026, as supply growth outpaces demand.
- Non-OPEC producers like the U.S., Brazil, Canada, and Guyana are pumping record volumes thanks to shale, offshore, and deepwater projects.
- OPEC+ has been loosening production cuts, adding even more barrels to the market.
- Meanwhile, demand growth is slowing due to electrification of transport, efficiency gains, and weaker global economic conditions.
- Inventories are swelling — global oil stocks hit a four-year high in late 2025.
⚖️ Why this matters:
- Instead of scarcity, the challenge is too much oil chasing too little demand, which pushes prices down.

Regarding this topic and others like it, I recommend everyone read the following book:

Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet

[davis196]

Not all the countries that depend on oil, United States for example can survive without oil if the world move away from the oil era to another era which makes little use or no use of oil. But there are many countries that solely depend on the oil for export and local consumption in a way that if such countries do not produce oil, they will become poor, such countries will be affected if they do not try to develop their countries to adapt to what could happen in the future.

Really? I can't imagine 300 million electric vehicles in the USA. Can you imagine how much copper and lithium it requires to build 300 million electric vehicles? The world cannot survive without oil in the current day and age. Maybe after 50 years or more, the transport system would fully transition to electric vehicles and electric airplanes and ships.
The Arab countries, that have lots of oil are diversifying by investing in lots of solar and wind energy. Their economies would focus more on tourism and finance, rather than relying on oil export. I'm not the most fanatical climate change believer. I don't think that oil is bad, just because some scientists have said that oil is bad. Perhaps oil is bad because most oil export comes from countries, that are living under dictatorships.

[Moreno233]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

The idea of oil being replaced by renewable energy is a fasad push mainly by the big economies to enable them reduce the price of raw crude oil. Time have already proven that fossil fuel have several advantages over renewable energy. If renewable energy was as big as the hype, most of the wars in the middle east would have ended because oil is at the core of those wars. Even the Russia and Ukraine war have oil as one of the thing sustaining those wars because it gives India and China the opportunity to collect oil at giveaway prices which is why Russia still have the resources to finance those wars. Oil is not going anywhere soon, all the hype around green energy is simply to kill the oil price and make them cheap for the big economies to buy, refine and sell the the finished products at expensive prices.

[hyudien]

Crude oil is like a single source for all production, so while the world is slowly shifting to a green energy era, it doesn't mean it's no longer needed. Household, industrial, and infrastructure production all use petroleum as raw materials. Even your current electric vehicle still requires oil for engine lubrication, brakes and shock absorbers. Therefore, countries producing crude oil need not fear, as the oil they produce remains highly useful.

[retreat]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

In the future, the trend will shift from the use of non-renewable energy to renewable energy. This means the use of non-renewable energy, such as oil, will likely decrease (not disappear completely), and this will make oil-producing countries face significant challenges in maintaining their economic stability, as oil, their primary source of income, will experience a decline in demand. Therefore, most oil-producing countries have now begun developing other sectors that can provide new sources of income for their countries. This way, they are no longer completely dependent on oil, but their non-oil and gas sectors can provide income for the country.

[summonerrk]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

I live in a country that's considered quite poor, and even there, many people have already acquired Teslas and other electric cars. The local government is doing everything it can to promote these cars, making electricity at its gas stations cheap and starting to build them everywhere. So I'm absolutely certain that in the distant future, cars running on oil won't exist at all, but only cars powered by electricity. This is the energy of the future.

[XOOMBOX]

Oil producing nations control the supply. If the demand declines, production could also be slowed down, thereby preventing the price to tank. Secondly, the world remains dependent on oil in so many ways. The push for clean energy and electric vehicle could only reach so far. It can't totally replace oil, at least not in the next half a century. Also, rich oil-producing nations, in the middle east, for example, are now heavily diversifying their wealth. They're fully aware of the efforts to significantly cut oil consumption.

Yep, that's a solid point because the world economy is still deeply in the grip of oil because almost every country in the world is dependent on oil whether it's renewable energy or vehicles. Oil is also the main ingredient in many products. This includes aviation, shipping, and even agriculture. So there is a gradual progress towards clean energy but this change is not possible overnight. So oil producing countries are strategic, they reduce production when necessary and increase investment in other sectors for the future. In reality, oil is not disappearing now but adapting to a changing world.

[Justbillywitt]

They will adapt and find other way of survival, most of those countries has been surviving long before oil was discovered. Humans are made to adapt to new environments and emerging technologies. If it happens that greener energy and and electricity cars pushes down oil demand in the future, those countries will go back to what they were depending on for exporting before they abandoned it for oil. Some of these countries abandoned agriculture for oil. Their lands are still fertile, so they can easily make the switch back to it.

[Keevoid]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

I think oil-producing nations will stay relevant for longer than most people expect, but adaptation is inevitable. Transitioning to clean energy isn’t something that happens overnight, i takes infrastructure, technology, and policy alignment that many regions are still working toward.

That said, the smart oil economies are already diversifying. You can see investments shifting into renewables, tech, and even tourism in places like the UAE and Saudi Arabia. Those who treat oil as a tool to fund innovation rather than cling to it for survival will remain powerful well into the green era.

[RockBell]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

In the future, the trend will shift from the use of non-renewable energy to renewable energy. This means the use of non-renewable energy, such as oil, will likely decrease (not disappear completely), and this will make oil-producing countries face significant challenges in maintaining their economic stability, as oil, their primary source of income, will experience a decline in demand. Therefore, most oil-producing countries have now begun developing other sectors that can provide new sources of income for their countries. This way, they are no longer completely dependent on oil, but their non-oil and gas sectors can provide income for the country.

Even though there are options for cars and motorcycles, I don't think they can have an impact on the oil industry because, as you can see from the roads, 80 percent of vehicles and even bikes run on gasoline, and the majority of these industries use diesel. Based on all of this analysis, we believe that oil is still in the lead even in a world that is renewable, despite the negative environmental effects of fossil fuels due to emissions.

Even solar energy cannot sustain everything, but in the years to come, renewable energy will truly go a long way. For now, however, fuel is still king, and Saudi Arabia continues to sell fuel and has benefited their economy. The goal is to have a clean environment. The world is changing, and development is coming from different directions, especially when it comes to vehicles. However, we should consider the economic advantage of oil-producing nations, which are more economically dominant than renewable ones.

[Onyeeze]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

The answer to your question is [ YES ] Only if you’re talking of crude oil, Because crude oil is a natural source and the oil that is being extracted from it, every of our mechanical appliances can't do without it, So crude nations can survive with their crude oil in next 100 years, but let me also notify you, it's not every country that depends on oil especially the country that have oil, most of the civilised nations have other things that gives the money and if your country have oil, your nations will diversify their source of income, not that they will depends on the oil.

[Jubilee58]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

It is worth knowing that their are some countries that have other natural resources apart from crude, so it is very easy for such country to diversify and adapt to the trends of things in the worlds economy, for instance country like Nigeria that is richly blessed with fertile ground and other mineral resources like gold, crude oil etc can survive with the changing world's economy.

But because of the verse usage of crude oil, i think there will never be a time when crude oil and it's components will entirely be out of use.

[coupable]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

Actually, almost all oil producer countries are investing in renewable energies. They all know that their oil prospering era is about to reach an end, even though this is not that near in the near future (still has another 50 years at least). At the same time, renewable energies are still stucked in a big obstacles which is that this sector itself is always depend on oil derivatives.

[Miles2006]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

Generally countries depending on oil are still doing well except a mono economy nation, in times like this country will have to deviate to some other source for example my country depends only on oil production definitely Agriculture is another means I guess if oil production is no longer relevant there’s another means.
Electric vehicles are other form of technology meanwhile these products might not cover a certain nation viewing how expensive modern technology can be for example we’ve discussed several discussions concerning AI taking over human services yet human services are still needed for a good job well done.

[Scarlett_23]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

Global market prices are still dependent on oil, meaning that the price of goods fluctuates depending on the rise and fall of oil prices. Oil is essential for various types of plastic factories, fertilizer factories, synthetic materials, aviation and heavy industries. However, developed countries of the world are constantly conducting research to reduce their dependence on oil. As a result of their research, they have invented electric cars. However, it may still take a long time to achieve success in the field of aviation. If oil-producing countries can diversify their economies, they will also be able to survive. However, it will take a long time for the importance of oil-producing countries of the world to decrease.

[Bigjoe158]

Time is gradually leaving oil and appreciating renewable world.people wants cleaner and greener world to leave in. People have started producing electric cars, electric stove,solar lights,solar TV etc. though oil is still holding stronge because not too many countries have ventured into renewables. But if the speed at which renewables are going then i fear oil will not dominate renewables. With people complaining about environmental degradation and air pollution here and there and technology advancing,in no distant time renewables will dominate. Renewables are even cheaper to maintain and to save cost. Now in my country,barbers use chargeable clippers to give people haircuts although time shall tell

[mindrust]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

The idea of oil being replaced by renewable energy is a fasad push mainly by the big economies to enable them reduce the price of raw crude oil. Time have already proven that fossil fuel have several advantages over renewable energy. If renewable energy was as big as the hype, most of the wars in the middle east would have ended because oil is at the core of those wars. Even the Russia and Ukraine war have oil as one of the thing sustaining those wars because it gives India and China the opportunity to collect oil at giveaway prices which is why Russia still have the resources to finance those wars. Oil is not going anywhere soon, all the hype around green energy is simply to kill the oil price and make them cheap for the big economies to buy, refine and sell the the finished products at expensive prices.

That’s how I think as well. They promote the green new scam so hard everywhere, some people get brainwashed by it, by buying battery cars their demand on oil goes to lithium. Oil prices go lower because of that and those who don’t buy the green scam propaganda will be enjoying lower oil prices thanks to those people.

They think they are killing the oil giants and making a world a cleaner place but in reality, their cars are not environmental friendly and they are making oil cheaper for everyone else which is a good thing. Basically EV buyers are cannon fodders, sacrificing themselves for the rest of people.

[Fiatless]

With global pushes for clean energy and electric vehicles, oil demand seems to be declining. But can oil-producing nations adapt or stay powerful in the green energy era?

Based on some reports, significant progress to move from fossil fuel to renewable energy could be made by 2050 and 2070 if enough effort is put in. The date for the total eradication of the use of crude oil is unknown because it seems very difficult.

Moving to renewable energy is expensive, so some countries might not be able to afford it. Meanwhile, key industrialised nations like China and the US are not vigorously pursuing the shift from fossil fuels to renewables. Trump is not a supporter of the protection of the environment like his predecessor Biden.

[el kaka22]

Two things are right about this "climate change" thing that we are living in right now. I do not care what the leftists who want a change says, I do not care who right wingers who says we should stay the same says. I think we do need a change, that much is true, and what "harm" could it be if the whole world ran on wind and solar? That's good, wish we had that overnight.

However, what both sides needs to understand is that, investment is not free, so building those wind and solar is not free, we give those subsidies so that they would continue to be built, and eventually yes we will have pure clean energy and no more coal and what not. But that will take time, time we may not have, see the burning of the world every single summer and you will realize, the whole Hollywood burned down ffs and it didn't matter.

So in the end, yes, oil is still needed, right now, because we have no alternative that is enough yet, not so clean energy is still needed, we can't punish usage of it.