Middle east countries with crude oil resources have been at the forefront of the attention of the other countries, which it has brought them advantages and disadvantages and has deeply affected the lives of their citizens.
Suppose there are infinite capacity of crude oil. Is the day of the oil era and the world needs to crude oil coming to an end? This may be resulted in mentioned countries adjust their relations with other countries regardless of owning of crude oil resources?
It is expected that the role of oil in the energy mix of many countries will be very low in the future, and in several of them even could be zero.
Some countries in the Middle East, rich in oil, are looking for alternatives to the use of this energy source for electricity generation during the coming decades. A few of them are introducing nuclear power for electricity generation or are changing to the use of gas for this specific purpose.
The use of oil in the transport sector in many countries will also be reduced significantly in the future, due to increased use of electric or mix cars and the increased use of gas in the industrial areas.
However, this not means that oil will not continue to be a vital component of the energy mix of many countries during the coming decades.
For more information on this important subject you could read some of my books on conventional energy alraady published. The latest book on this subject was published in 2019.
maybe we are able to replace fossil-fuel-run industries with alternative energies, but what about all the other compounds made from Oil? Change is eventually inevitable as mankind progresses, but I think the actual question is what will happen to the financial dependency of all mankind as a whole to it and if we are able to produce the infrastructures required for that change to occur in the extend necessary. From the smallest jobs to the bigger ones that will be lost, are we ready?
So, I think while oil is a curse in the case of a county such a Iran, it has been a source for development and power in case of many others, and while the smart countries are injecting the money they make from O&G into renewable sources and R&D, it will be the ignorant ones who at the end of the day will remain dependent on their natural resources as they will have to become the customer of the smart countries to buy their technologies which they will not be able to afford it on various capacities.
At the end, we all are fighting against time, as the resources lower, infrastructures become old and technologies advance...
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