Can oil still dominate in a renewable world?

[brownn]

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?

For next years, surely it is valuable. But wise nations have already started working full swing on alternatives.

[Uhwuchukwu53]

The use of oil will reduce because most development of the solar energy and other renewable energy, natural liquidify gas will still remain even increase its demand because many plant is even converting to the use of gas, including the cooking aspect where most third world countries where most of their cooking purposes, but the demand of oil will dramastically reduce compared to what it's today, reason while it's still much more in demand is as result of production of this solar energy has not hit the world demand population where every common human can afford it once that is meet including most electric and rechargeable engine the drop in oil will be inevitable.

[Asiska02]

Oil may not dominate going further but it will still be a necessity that will be needed in our everyday lives, so it can never be forgotten or lose its value overtime. In my country, oil is our major source of income in the country and the rich allies are attracted and more interested to it. If there was no anything profiting about oil, it will not still be the major source or contributor to a nations economy. One thing is very certain, even when the renewable sources have taken over the places, oil will still be in need for many more years to come. Some sources cannot be replaced because we need them in our everyday lives.

[tbterryboy]

I do agree with the forced reason, because we can't use oil forever, it's finite, so I agree.

We already are seeing the fracking world getting a lot more, because the old way didn't get the whole oil out, so now they are doing different methods to drill for more.

However, there is no reason why not invest further into renewable energy, it is not because it's clean, it is not because it's green, none of that is the main reason, the main reason is that you will not have any other option in the world left and you will be forced to use that.

[Jateng]

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?

ships planes big trucks depend on oil, not only that also plastic and more chemicals are being made from oil.
there will always be a demand for oil. President of United Stats of America Donald Trump has captured Venezuela's leader and kept their oil for a reason too.

Oil plays an important role in our lives many things depend on it. The country that produces oil can dominate anyone and can increase or decrease its price according to its own needs. That is oil plays an important role in economics and politics.It can definitely be said that oil will dominate for the next 10 years but with the advent of the modern era the need for oil will decrease. It will not completely disappear Instead electronic things will be used in its place. However oil will be used in plastic and chemical things.It will definitely be needed in some way or the other.

[Danica22]

I do agree with the forced reason, because we can't use oil forever, it's finite, so I agree.

We already are seeing the fracking world getting a lot more, because the old way didn't get the whole oil out, so now they are doing different methods to drill for more.

However, there is no reason why not invest further into renewable energy, it is not because it's clean, it is not because it's green, none of that is the main reason, the main reason is that you will not have any other option in the world left and you will be forced to use that.

That's right, oil will not dominate forever, and not because its not better than renewable energy. The reason is that it is a limited resource and will eventually be depleted.
Oil will remain dominant for the next few decades. But it is clear that renewable energy will be the dominant energy sources for our world in the distant future.

It is no coincidence that humanity has spent billions of dollars researching and developing renewable energy source. And you're right, because we have no other choice.

[demonica]

Cars and transportation sector isn't the only thing that uses oil. Even if we started adapting to electric vehicles and such, the demand for oil will still remains. A lot of things we see in our daily lives used oil when producing them.

oil is a natural resources and will still hold great value. And even if we're already adopting to changes, a lot of us still using gasoline cars. And it will take years for EVs to replace gasoline cars. There might be a decline in demand, but I don't think they would crash. Also, these oil-producing countries are  already powerful so I don't think they'd lose their power that easily.

[DrBeer]

Cars and transportation sector isn't the only thing that uses oil. Even if we started adapting to electric vehicles and such, the demand for oil will still remains. A lot of things we see in our daily lives used oil when producing them.

oil is a natural resources and will still hold great value. And even if we're already adopting to changes, a lot of us still using gasoline cars. And it will take years for EVs to replace gasoline cars. There might be a decline in demand, but I don't think they would crash. Also, these oil-producing countries are  already powerful so I don't think they'd lose their power that easily.

Of course, you are absolutely right here. The chemical industry is also a major consumer of oil.
But it is also important to mention how oil consumption is distributed today:
Transportation - 55–60%
Chemical and petrochemical industry - 10–15%
Industry (energy and technical processes) – 10–12%
Housing and utilities sector – 5–7%
Electric power industry – 3–5%
In other words, the largest global consumer is transportation. The rest are less significant.

[dansus021]

Can oil still dominate in a renewable world? Well I forgot the link of the video, but it says that we need oil not just for gasoline, but also for other things like chemicals, plastics, and other useful stuff. You can't build the 'Green Revolution' without the plastics and lubricants derived from oil. The real winners won't be the nations that stop drilling, but the 'Electrostates' like Oman and Saudi Arabia that are using oil wealth to dominate the green hydrogen and mineral markets

"Recent International Energy Agency revisions indicate global oil demand growth projections of 930,000 barrels per day for 2026, representing a significant upward adjustment that highlights the persistent strength of consumption patterns across major regional markets." - Link

[DrBeer]

Can oil still dominate in a renewable world? Well I forgot the link of the video, but it says that we need oil not just for gasoline, but also for other things like chemicals, plastics, and other useful stuff. You can't build the 'Green Revolution' without the plastics and lubricants derived from oil. The real winners won't be the nations that stop drilling, but the 'Electrostates' like Oman and Saudi Arabia that are using oil wealth to dominate the green hydrogen and mineral markets

"Recent International Energy Agency revisions indicate global oil demand growth projections of 930,000 barrels per day for 2026, representing a significant upward adjustment that highlights the persistent strength of consumption patterns across major regional markets." - Link

The chemical industry you are referring to accounts for approximately 10-15% of all oil consumption. In terms of “forecasts,” it was recently estimated that current oil reserves will last for approximately 50 years at current consumption rates. In total, if we exclude motor transport, these reserves will last for 300 years for chemical production.
And most importantly, science does not stand still. Plastics and lubricants can be produced without oil!
1. These are organic or bio-based raw materials. They can be obtained from:
PLA (polylactide)
bio-polyethylene
bio-lubricants
and much more
2. Materials with a different chemical base can be created:
organosilicon compounds (silicones)
fluoropolymers
polyurethanes from bio-isocyanates
materials based on CO₂ as a monomer

[Tonimez]

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?

Oil demand may be under pressure because of the global push for clean energy and electric vehicles, but I dont necessary think oil-producing nations automatically lose relevance or power because of that. What is happening i think is more of a transition than a sudden collapse. Oil is still deeply embedded in transportation, manufacturing, petrochemicals, and even renewable infrastructure itself so the demand is slowing down not necessarily disappearing. I will say this though, those that invest oil revenues wisely and diversify their economies and take part in the clean energy space will still remain influential but countries that depend only on oil and ignore the transition may find it harder to maintain the same level of power as the world gradually moves in a new direction.

You're very correct. Clean energy is a fast developing part of economy of which everyone is excited to see it growing up even the said oil rich nations. This should let you know that oil would never loose its importance but rather, it would loose grip on its extreme dependency among nations. Aside premium motor spirit, there are still many other areas of economy that oil would never get completely substituted and that's where it would maintain it's relevance. No matter how clean the energy becomes, lubricants can't get cleaner and those are still products of oil and gas too would always be useful. The energy produced through fossil fuel combustion is still very high to completely substitute heavy duty machines with clean energy and electric motors.

The world is moving and the rise in electric vehicles will be very useful to ease the pressure mounted on oil sector at the moment.

[Mate2237]

It will be very difficult for the world to totally remove oil and stay in renewable energy, how sustainable is this renewable energy we are talking about these are critical questions we should ask ourselves before ever talking about renewable energy. Renewable energy is play a very important role in the world as far as am concerned we still need oil for our daily energy needs because left for me the world is not yet ready for renewable energy.


Why am saying this is because, before talking about renewable energy there are parameters that the world should set up like, such as setting a date for the use of oil and placing sanctions on countries that will be using any product coming from petroleum products.

[AmoreJaz]

I think that it will, it's still needed for so many equipment and cars. Once there is a consensus that all countries have to go renewable and electric then there will be a lesser consumption for the oils. But, you know when there's a lesser demand, that will actually start another increase soon because people likes to go into the cheaper source. So, once oil becomes more cheaper and the electricity and other renewable sources have increased in demand, it cannot be denied that the prices of it could also go high. That's a basic law of supply of demand lessons.

With the promotion of renewable energy resources, we can say that in time, many will discover that renewable energy is the new way of life to save us from relying in oil and coal. Just look at white hydrogen and green hydrogen - which is deemed to be the new path to sustainable future. The reason why a lot of researchers and scientists are continuously finding a way how to create a cheaper process to produce renewable energy from the already abundant supply that we have on Earth.

So for me, in the near future, oil will slowly be just one of the many options that we will have as a source of energy. There will be other alternatives as humans are continuously finding better alternatives to cater the needs of the mankind. With the sophisticated gadgets that we have as well as advanced technologies, I believe, we can find a way how to be sustainable in the future using these renewable energy sources and not rely mostly in oil and coal. The reason why we have Sustainable Development Goals (SDGs) targets where these are being aimed globally. So all are working towards sustainable future.

[STT]

This current war is part of what explains why Saudi Arabia have been so active in using Solar power, ironically as a major oil producer they did see the benefit to diversify to their credit.
  However solar or the variety of other alternative power types all have different dynamics and nothing truely replaces all the uses for oil we have found.   This is a large part of why I think we will rely on oil for a century more at least, its such a useful product we have made it not just energy.    Its very good we have alternatives but its going to be a long time before oil is replaced properly, I think 50 years it will still be in balance.

[alastantiger]

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?

Looking at how the world is going I don't think the world can survive without oil, just the war that happened between the US, Israel and Iran and look at how everywhere is becoming unbearable. The world has relied on oil for so long that without it right now I don't think the world can survive for a long time, the wind energy the solar energy and any other energy that looks green and not destroyable to the environment is looking good on paper but that cannot sustain the world for a very long time because most of the heavy machineries in the world rely on oil. It's a very essential mineral for any country that has it and for the countries that have oil and are selling it they are among one of the richest in the world it is only in Africa that poor countries that own oil have been deprived of the things they should be benefitting from the by-products of crude oil.

[bhadz]

I think that it will, it's still needed for so many equipment and cars. Once there is a consensus that all countries have to go renewable and electric then there will be a lesser consumption for the oils. But, you know when there's a lesser demand, that will actually start another increase soon because people likes to go into the cheaper source. So, once oil becomes more cheaper and the electricity and other renewable sources have increased in demand, it cannot be denied that the prices of it could also go high. That's a basic law of supply of demand lessons.

With the promotion of renewable energy resources, we can say that in time, many will discover that renewable energy is the new way of life to save us from relying in oil and coal.

While that's true, but those countries who are also importing their coal from wherever they are importing that still needs the demand of oil for the ships to deliver it to them or any logistics that will be used for it. But for those with other sources through renewable energies like solar, geothermal, wind, etc. That will be a great way to source out their energy and will make energy cheap for their people and the industries that heavily need these to power up and to produce what they need for their people.

[Asuspawer09]

I guess countries are going to be force to adopt to the green energy era for sure, the rising prices of oil, gasoline, diesel etc. is a huge problem for some countries that doesn't really have there own oil, in my country all of the oil are just imported from different countries so there was no actual way to get gas unless you import and buy from outside of the country, making our country just very reliable to different countries about the gasoline, the oil industry was a huge business for most of the countries, there are only one company that can process crude oil here in my country having a lot of price manipulation and spikes because of the lack of supply.

The oil for sure is not going to just disappear that easily, I think we are going to adopt to electric or energy era but oil is still going to be a part of it, so mostly going to be 50.50 of oil and electric,huge example is cars we are already starting to see the electric cars being adopted here in my country, but still the business is still huge and there are still a whole lot of demand on oil, but for sure some people are going to atleast adopt in order to be wise for the future prices.

[slapper]

I guess countries are going to be force to adopt to the green energy era for sure, the rising prices of oil, gasoline, diesel etc. is a huge problem for some countries that doesn't really have there own oil, in my country all of the oil are just imported from different countries so there was no actual way to get gas unless you import and buy from outside of the country, making our country just very reliable to different countries about the gasoline, the oil industry was a huge business for most of the countries, there are only one company that can process crude oil here in my country having a lot of price manipulation and spikes because of the lack of supply.

The oil for sure is not going to just disappear that easily, I think we are going to adopt to electric or energy era but oil is still going to be a part of it, so mostly going to be 50.50 of oil and electric,huge example is cars we are already starting to see the electric cars being adopted here in my country, but still the business is still huge and there are still a whole lot of demand on oil, but for sure some people are going to atleast adopt in order to be wise for the future prices.

That is a monopoly. And, in case your nation went all electric tomorrow, whoever owns the battery supply chain, the charging infrastructure, the grid, they would do just the same. The source of energy is varied but the structural issue below it is the same. It does not matter what fuel you are running on as long as concentration of power is involved. Green energy is an emerging industry and new industries have the same old games.

A bit disappointing when you were hoping to get everyone morally awake, but also a little soothing since it is not reliant on everyone all at once being concerned about the planet. It simply requires oil to become costly over a long period of time. Which, with what is going to import-dependent countries just like yours, appears to be quite inevitable.

The difference between the time that a transition should begin and when governments are urgent enough to begin it is worrying. Since by the time everyone realizes that renewables are the only way to go, the oil prices have already become so high that it becomes apparent, the time to construct the infrastructure in a manner that does not seem to have been thought through, has often passed.

You are not mistaken that oil remains a long-lasting thing. You are correct when it comes to that. But the long-term relevance and the indefeasibility of reliance are two quite distinct matters. The distinction between the two framings is essentially where the policy either takes a right or entirely wrong turn.

[uneng]

I think that it will, it's still needed for so many equipment and cars. Once there is a consensus that all countries have to go renewable and electric then there will be a lesser consumption for the oils. But, you know when there's a lesser demand, that will actually start another increase soon because people likes to go into the cheaper source. So, once oil becomes more cheaper and the electricity and other renewable sources have increased in demand, it cannot be denied that the prices of it could also go high. That's a basic law of supply of demand lessons.

With the promotion of renewable energy resources, we can say that in time, many will discover that renewable energy is the new way of life to save us from relying in oil and coal.

While that's true, but those countries who are also importing their coal from wherever they are importing that still needs the demand of oil for the ships to deliver it to them or any logistics that will be used for it. But for those with other sources through renewable energies like solar, geothermal, wind, etc. That will be a great way to source out their energy and will make energy cheap for their people and the industries that heavily need these to power up and to produce what they need for their people.

It's just a matter of time until renewable energy industry evolves even more. The tendency is that less and less limited sources of energy are used, as technology is developed and the potential of the renewable ones is increased. It was mentioned the production of solar panels, batteries and every other components are still an obstacle, side by side with the transportation aspect which also demands oil to happen.

These aren't insuperable obstacles, though. Thankfuly, humans have the ability to find more effective alternatives for matters they are struggling in the present time. It has been always like this, so you can expect that at some point we are going to have new solar panels, batteries and new ways to transport them without having to rely on oil.

[ZAINmalik75]

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?

Well I believe a single source of income has never been enough for running a whole country they should diversify thier source. Because Here even civilian are thinking of creating at least two sources of income to run our homes, and a country is depending on one source. That is a really huge risk.

As a matter of fact, Saudi Arabia was hit by the drop in demand during Covid. They realized the real backbone of their country was a single one, and that was oil. If that stops selling, they are going to face real financial problems no matter how much money they have.
So later they started to push tourism, entertainment, industry, logistics, mining, and financial sectors. They have something called Vision 2030.