Was there a deliberate plan to keep the price of oil low?

[tygeade]

Renewable energy sources are very expensive compared to oil, which is why we are not seeing its widespread use yet. Oil and gas are the most widely used in the communication sector, is it possible to replace everything in this communication sector with renewable energy sources?

Oil and gas are the only energy sources that are readily available and relatively cheap, but they are very valuable resources for the world. Especially we are becoming more aware of the current oil price where the market is directly related to the volatility of oil. Economic policies are being affected and inflation is under threat. Although some countries are talking about renewable energy sources, they are not yet fully successful.

Unfortunately that's true. Not the maintenance of it that makes money, after it's installed, most of them are much more profitable, but the first capital that is required is a lot higher. For the same amount of energy you can get out of oil, it requires more than ten times the money to put into solar to get energy out, however after you do, oil still requires a ton of money while solar doesn't require much upkeep and you keep making profit.

So that's why it's what energy companies do, they make profit off oil, and use it to buy solar, and keep doing that because they know oil will end one day, and they need to be ready for it when the time comes. For that reason, it is going to be slow because it requires high capital, but it will eventually get there one day.

[Cryptomultiplier]

Was there a deliberate plan to keep the price of oil low? 

If we talk about the economy and oil, of course we all understand that oil is one of the sources that makes other products skyrocket. If oil prices rise, that will happen automatically, otherwise stable oil prices will create stable economic growth.

But we understand that the Middle East is currently the largest oil field in the world. We admit that, historically Iran is not one of the world's largest oil suppliers, it's just that the Strait of Hormuz is the world's oil trade route in the Middle East. But if trade is back on track and there are no obstacles, of course oil will be stable and business countries will no longer care about the Iran war, so it is natural that we see oil currently in a low and stable position.

I think the war makes everyone look at the price of oil as the victim instead of pointing to the economic war on going underneath and that's about trying to weaken the dollar.
Although there is of course plans in place to prevent oil from rising further above $100, but am seeing new transaction policy from Iran that demands that before they open the strait of Hormuz, the Chinese Yuan will be accepted instead of Dollars thus leading to de-dollarization.

[Dareo]

Oil and gas are the only energy sources that are readily available and relatively cheap, but they are very valuable resources for the world. Especially we are becoming more aware of the current oil price where the market is directly related to the volatility of oil. Economic policies are being affected and inflation is under threat. Although some countries are talking about renewable energy sources, they are not yet fully successful.

Renewable energy used to be very expensive but now solar and wind power is gradually becoming cheaper in many places. The problem is changing the entire infrastructure which is not possible in one day, It is hard to fully substitute the communication sector at the moment, since oil is still very good and easily available but it's possible to gradually transition to a hybrid system, in which there may be both running simultaneously. And since the supply of oil is limited, it means that one day the supply of oil would run out, So I believe that the usage of oil will not end totally, but over time the reliance on it will reduce.

[dansus021]

You asked why countries aren't just relying on green energy now. The answer is the Infrastructure Gap, Money and politic itself. This is isnt conspiracy theory but wind sollar hydro and geothermal is old technology but somehow they didnt use it as massive as today.

Second we are heavily dependent on oil and its derivatives we need oil to power the massive container ships, planes, and semi-trucks that move the world's goods and need the chemical to build the road cosmetic and artificial flavor.

[ZAINmalik75]

This now begs the question,  was there a deliberate plan to make oil very cheap? Why are country no longer relying on their precious renewable energies now that their is war in the oil rich Middle East? Why are prices of everyone other thing skyrocketing due to rise in oil price?

No there was no plan, but things like this take a lot of time, so countries started this transition earlier which can be good for then as of now due to war, oil prices are increasing. Because the demand is increasing, while the supply is getting cut by the attacks, not just the oil but also gas is being cut.

Oil is used in Transport, manufacturing, and in industries etc. So that's why things other than vehicle prices or petrol price are increasing. Now math is simple, if transporation prices are going up then goods becomes expensive. Producers will never bear the loss due to price increments, they will pass down to consumers.

[BRINIRHA]

All of this will likely happen gradually. And it’s not possible at this point to quickly phase out the use of petroleum, which has become an addiction for everyone, every industry, and virtually everything today. In fact, we are currently seeing a rapid increase in oil prices, which means that high demand continues, while oil supply is somewhat hampered by war and trade routes that are sometimes difficult to navigate (the Strait of Hormuz). But after this crisis, people’s awareness may begin to open up. That dependence on oil must ultimately be reduced, and renewable energy must begin to be used. But none of this will be easy. The transition period, building awareness, and breaking old habits will truly take a long time.

[Cookdata]

The ongoing war in the Middle East have revealed one of the greatest secret the West has kept intact and an agender they have pushed over the years and that is that oil was going to be worthless and that renewable energy is the future. Many countries including France were at the front of the campaign against fossil fuel which was why they plan to stop the production of cars that run on petroleum products siting environmental concerns. Today we have seen how valuable oil still remain despite the noise and campaign against oil

This now begs the question,  was there a deliberate plan to make oil very cheap? Why are country no longer relying on their precious renewable energies now that their is war in the oil rich Middle East? Why are prices of everyone other thing skyrocketing due to rise in oil price?

I remember one professor said "die that talk when they say fossil fuel will deprecate in few years to come". It's not happening soon. I see that statement as a precaution but not like if production doesn't stop oil will vanished. We have done plenty of research with production of bio oil from bio materials and guest what, the cost of production and the cost of materials exceeded 3x of what you are going to have as output, in essence nothing beat natural resources.

However, we need alternative to fossil fuel. Look at electricity generation, over the years we have always depend on hydro generation but then season affect the rate of water reserves and that affect the megawatt generated, couldn't serve everyone until gas and other source were tested and now we have even renewable energy like solar and wind energy. According to research, fossils takes years before they form, if we keep consuming this oil, there will surely be a time it will not be in excess, maybe not now but one day after many generations.

[DrBeer]

You asked why countries aren't just relying on green energy now. The answer is the Infrastructure Gap, Money and politic itself. This is isnt conspiracy theory but wind sollar hydro and geothermal is old technology but somehow they didnt use it as massive as today.

Second we are heavily dependent on oil and its derivatives we need oil to power the massive container ships, planes, and semi-trucks that move the world's goods and need the chemical to build the road cosmetic and artificial flavor.

You correctly pointed out that the global economy would not function without oil, and you provided examples. However, it is important to understand that the chemical industry and large vehicles that consume petroleum-based fuels account for:
- heavy transport, trucks, ships, aircraft, and trains (in order of consumption) account for approximately 30% of all oil produced
- the chemical industry accounts for approximately 13–14%
In total, this amounts to up to 50% of total oil production.
While the issue with the chemical industry is difficult to resolve—since plastics are easiest and cheapest to produce from oil-the issue with heavy transport can be addressed, and oil-based fuel consumption could decrease over the next 5–10 years.  
  

[Fiatless]

Renewable energy used to be very expensive but now solar and wind power is gradually becoming cheaper in many places. The problem is changing the entire infrastructure which is not possible in one day, It is hard to fully substitute the communication sector at the moment, since oil is still very good and easily available but it's possible to gradually transition to a hybrid system, in which there may be both running simultaneously. And since the supply of oil is limited, it means that one day the supply of oil would run out, So I believe that the usage of oil will not end totally, but over time the reliance on it will reduce.

Countries like China and the US are not taking green energy seriously. Until there is a conscious effort to phase out oil, it will not happen. I don't see oil phasing out in the next century because these nations are still investing heavily in the oil and gas sector. Maybe solar energy is becoming cheaper in your country because it's still expensive in mine. Most countries can't afford to diversify to green energy, so fossil fuel is here to stay.

[Oluwa-btc]

This now begs the question,  was there a deliberate plan to make oil very cheap? Why are country no longer relying on their precious renewable energies now that their is war in the oil rich Middle East? Why are prices of everyone other thing skyrocketing due to rise in oil price?

At this point in time I think it'll be very difficult to handle the issues of the price of oil due to the influence of the ongoing war but then all of this is happening because globally everyone was depended on oil for most production and usage but nothing was made possible to make it a stable overtime which is why it's been affected by the war causing a total increase in prices and things becoming expensive.perhaps such plans was mapped out there would've been massive turnovers of oil in circulation.

[Agbamoni]

Many countries including France were at the front of the campaign against fossil fuel which was why they plan to stop the production of cars that run on petroleum products siting environmental concerns. Today we have seen how valuable oil still remain despite the noise and campaign against oil

Dont get it wrong. The noise and campaign against oil and petroleum products are not about whether they are effective or not. The concern is about its flaws and how oil will not be sustainable in the future. They look to the future and ask themselves whether, if oil becomes scarce, it will be very expensive and wont be sustainable in the years to come. The need for sustainable and renewable energy from nature is very important because, as long as the earth exists, the energy will exist.

[coupable]

was there a deliberate plan to make oil very cheap?

Yes it should be. But it seems that it can't work in a world that can't realize a geopolitic stability for even a short period of time or at least neutralizing the energy sector from conflicts.

Why are country no longer relying on their precious renewable energies now that their is war in the oil rich Middle East?

They didn't expect the crisis of the seventies will come back again, so they just rely on stastics about when the oil will be rare. In addition to oil companies which is not in their benefit to stop relying on oil.

Why are prices of everyone other thing skyrocketing due to rise in oil price?

Because everything produced in factories depends on oil in every step from extracting the raw materials until transportation of final product to the consumer. We live in an oil-based civilization.

[dansus021]

You asked why countries aren't just relying on green energy now. The answer is the Infrastructure Gap, Money and politic itself. This is isnt conspiracy theory but wind sollar hydro and geothermal is old technology but somehow they didnt use it as massive as today.

Second we are heavily dependent on oil and its derivatives we need oil to power the massive container ships, planes, and semi-trucks that move the world's goods and need the chemical to build the road cosmetic and artificial flavor.

You correctly pointed out that the global economy would not function without oil, and you provided examples. However, it is important to understand that the chemical industry and large vehicles that consume petroleum-based fuels account for:
- heavy transport, trucks, ships, aircraft, and trains (in order of consumption) account for approximately 30% of all oil produced
- the chemical industry accounts for approximately 13–14%
In total, this amounts to up to 50% of total oil production.
While the issue with the chemical industry is difficult to resolve—since plastics are easiest and cheapest to produce from oil-the issue with heavy transport can be addressed, and oil-based fuel consumption could decrease over the next 5–10 years.  
  

Correct and I do agree 1000% and yes oil has potentially been replace eg. plastic can be replaced with paper and other, but today world is just crazy with OIL and in my opinion oil industry is greedy industri for some people. Did you know that some say in the early 2000 said that we are going to lost oil in 2010 or something like that but hey they keep discover new oil well or just destroy another country to get oil from it.

But yes I do still hope the price oil keep low, but hey with expensive oil there is also scientist to push their limit to create new material the next holy grail like oil

[passwordnow]

This shall pass soon but this time, there are no alternatives except you're from a country that has their own fuel deposits and they're refining it on their own. There are only few of them and that's why oil from them are quite cheap. But as you know, US does the sanctioning and that's why they're the only ones that avails their own oil and it's only their citizens that enjoys the affordability of it. Right now, we have to save as much as we can and make sure that we're going to only spend our money into important things and not with random stuff on this crisis.

[Faisal2202]

This now begs the question,  was there a deliberate plan to make oil very cheap? Why are country no longer relying on their precious renewable energies now that their is war in the oil rich Middle East? Why are prices of everyone other thing skyrocketing due to rise in oil price?

It can be a deliberate plan but you are asking the wrong question they tried to sell the green world narrative to us, we bought and another market opened, a lot of investors participated and invested a lot of money in this narrative, this gave employments, new ideas, some good developments been made and most importantly it gave people a topic to talk on, to worry about, a drama they needed to not worry about the things they don't want them to.

So what should be the question? It should be why they are doing it now, why Trump caused all this? It can't be about Iran having nuclear weapons! It can't be because they fear Iran! It can't be because they have oil or they think they can have that oil too. They must have bigger plans but hard to know such deliberate plans.

[Mate2237]

Renewal energy needs is were the world is looking at, even though there has not been strict measures that has not been taken to reduce the use of crude oil which is not too friendly with the environment. Cruide oil use should be replaced because it's not a sustainable form of energy , we are all complaining about global warming this is because it's linked to the use of oil.


I will not doubt if you say there is a plan to keep the oil price down, with the war ongoing in the middle east. I believe that there are people who are benefiting from the war. It's obvious that the united states needs oil and have access to the global and major oil producers and that is why we are seeing the attack on major oil producers, we saw the tension between the united states and Venezuela which culminated in the capture of their president and now the attack on Iran. There is interest of oil in all these actions.

[DrBeer]

You asked why countries aren't just relying on green energy now. The answer is the Infrastructure Gap, Money and politic itself. This is isnt conspiracy theory but wind sollar hydro and geothermal is old technology but somehow they didnt use it as massive as today.

Second we are heavily dependent on oil and its derivatives we need oil to power the massive container ships, planes, and semi-trucks that move the world's goods and need the chemical to build the road cosmetic and artificial flavor.

You correctly pointed out that the global economy would not function without oil, and you provided examples. However, it is important to understand that the chemical industry and large vehicles that consume petroleum-based fuels account for:
- heavy transport, trucks, ships, aircraft, and trains (in order of consumption) account for approximately 30% of all oil produced
- the chemical industry accounts for approximately 13–14%
In total, this amounts to up to 50% of total oil production.
While the issue with the chemical industry is difficult to resolve—since plastics are easiest and cheapest to produce from oil-the issue with heavy transport can be addressed, and oil-based fuel consumption could decrease over the next 5–10 years.  
  

Correct and I do agree 1000% and yes oil has potentially been replace eg. plastic can be replaced with paper and other, but today world is just crazy with OIL and in my opinion oil industry is greedy industri for some people. Did you know that some say in the early 2000 said that we are going to lost oil in 2010 or something like that but hey they keep discover new oil well or just destroy another country to get oil from it.

But yes I do still hope the price oil keep low, but hey with expensive oil there is also scientist to push their limit to create new material the next holy grail like oil

The situation with oil production is a bit different. The main point is this: easily recoverable oil reserves will last until around 2050. EASILY RECOVERABLE OIL. There is actually a lot, a great deal of it, but they are developing those fields where extraction is extremely cheap in order to keep production costs low and maintain a good margin relative to the market price.
But high production costs will make oil an unattractive resource for the average consumer. Take freight transport and logistics companies, for example. If they have to pay $500 per gallon for gasoline, the cost of transportation will simply become unaffordable for the MAJORITY of consumers. And that means they’ll look for alternatives—such as rail transport (electric), or even… electric trucks.
 

[dansus021]

The situation with oil production is a bit different. The main point is this: easily recoverable oil reserves will last until around 2050. EASILY RECOVERABLE OIL. There is actually a lot, a great deal of it, but they are developing those fields where extraction is extremely cheap in order to keep production costs low and maintain a good margin relative to the market price.
But high production costs will make oil an unattractive resource for the average consumer. Take freight transport and logistics companies, for example. If they have to pay $500 per gallon for gasoline, the cost of transportation will simply become unaffordable for the MAJORITY of consumers. And that means they’ll look for alternatives—such as rail transport (electric), or even… electric trucks.

How much oil price in your country? Just curious tho its getting expensive anywhere

Today I just ask gemini about the current situation, he said that only 25% of global trade oil passes through the Hormuz Strait and I asked again if only 30% why the heck the price is increase like crazy and he rplied all of this because OIL is commodity and people trade for it.

So the theory OIL is still plenty and can cover demand like you said 2050 but because geopolitical factors like this, the price has gone up. Let say Venezuela only can cover up the world for up to ten year

[DYOR+BTC]

The ongoing war in the Middle East have revealed one of the greatest secret the West has kept intact and an agender they have pushed over the years and that is that oil was going to be worthless and that renewable energy is the future. Many countries including France were at the front of the campaign against fossil fuel which was why they plan to stop the production of cars that run on petroleum products siting environmental concerns. Today we have seen how valuable oil still remain despite the noise and campaign against oil

This now begs the question,  was there a deliberate plan to make oil very cheap? Why are country no longer relying on their precious renewable energies now that their is war in the oil rich Middle East? Why are prices of everyone other thing skyrocketing due to rise in oil price?

When someone lacks something he indirectly finds every possible means of making it worthless but strategically calls restructuring, that was what happened in the case of France that campaigned heavily for the introduction of renewable energy.
France in question are not blessed with rich mineral resources the same way other countries where blessed but depends heavily on the importation of energies which is why there economy dropped significantly when the lost possession of Burkina Faso and other African countries they operate on.
All I can say about this is crude oil can never be worthless as expected by France because it is one of the most reliable mineral resources one cannot do without.

[DrBeer]

The situation with oil production is a bit different. The main point is this: easily recoverable oil reserves will last until around 2050. EASILY RECOVERABLE OIL. There is actually a lot, a great deal of it, but they are developing those fields where extraction is extremely cheap in order to keep production costs low and maintain a good margin relative to the market price.
But high production costs will make oil an unattractive resource for the average consumer. Take freight transport and logistics companies, for example. If they have to pay $500 per gallon for gasoline, the cost of transportation will simply become unaffordable for the MAJORITY of consumers. And that means they’ll look for alternatives—such as rail transport (electric), or even… electric trucks.

How much oil price in your country? Just curious tho its getting expensive anywhere

Today I just ask gemini about the current situation, he said that only 25% of global trade oil passes through the Hormuz Strait and I asked again if only 30% why the heck the price is increase like crazy and he rplied all of this because OIL is commodity and people trade for it.

So the theory OIL is still plenty and can cover demand like you said 2050 but because geopolitical factors like this, the price has gone up. Let say Venezuela only can cover up the world for up to ten year

Ukraine is currently neither producing nor refining its own oil, as Russia-a terrorist state-has either destroyed the production and refining facilities or seized those sites. We import petroleum products. Prices have risen by about 15% compared to the price before the Israeli/U.S. operation in Iran. But the government has introduced some compensation mechanisms, such as the “national cashback” program, which allows for a refund of up to 10% of the cost of gasoline.

Regarding oil reserves-and the Strait of Hormuz. Yes, the reserves discovered to date that are suitable for extraction are estimated to last until 2050. Oil won’t run out after that; it will simply become more expensive and difficult to extract.

And regarding the Strait of Hormuz-up to 20% (+/- depending on the situation) of the world’s oil volume passes through the Strait of Hormuz. Approximately 20–25% of this volume goes to... China, essentially the largest consumer. So China is a key player facing problems, which is why Iran quickly decided to play the “selective justice” card

But, judging by all accounts, the countries of the Persian region have decided not only to increase oil supplies through existing pipelines but also to expand their number, realizing that if the current Iranian regime remains in place, the terror against its neighbors will continue, including the blockage of the Strait of Hormuz.