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Impact of oil on the economy Comment classmate AL :It is a fact that middle-eastern countries that produce oil are not Western friendly (not to say "not-American friendly), but I believe we are...

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Impact of oil on the economy
Comment classmate AL :It is a fact that middle-eastern countries that produce oil are not Western friendly (not to say "not-American friendly), but I believe we are guilty of these. Personally, I believe that the conflict that the US has held against those countries has been economic rather than political. The US is a huge dependent of crude oil, and this gives a great advantage to Saudi Arabia (the most important crude producer). However, the US is extremely concerned about the political stability of Saudi Arabia, and they wanted to make sure that an unexpected crude supply cut might appear anytime soon. That is why they found that Iraq was a perfect plan B, and they started the invasion in order to guarantee good quality, low-cost barrels. Nevertheless, the war did more damage than good. After the invasion, prices rose significantly, and production decreased as well. In fact, this conflict is one of the reasons for the economy's recession.
Another issue that I would like to bring to this discussion is the environmental damages that practices like fracking is causing to our planet. Honestly, I had to do a little research on this matter, because I did not know about it and what I found was shocking. I cannot believe that they are spending that huge amount on water on a practice that has not a 100% rate of effectiveness. We must think that water is also a precious resource that is becoming scarce every day. Within time, it could become the new "oil".
Comment classmate Prof :You raise some important questions!
Comment classmate Am :Water is readily available but just not usable....we only have a water problem because we have an energy problem. The only limitation of water is lack of energy and lack of desalination plants. Also, non potable water is used for fracking, not drinking water.
Comment classmate ALen : We are still contaminating our oceans and our ozone layer, which intoxicates the water that will later fall in rain. We will never understand the value of water, until it is really scarce and vital. Although you explain that the water used in fracking is not usable, it could be recycled and cleaned for agricultural purposes, but instead, it is just wasted by trying to extract oil, and I wonder if that affects the subsoil. Right now we are exploiting our planet in a lot of ways, and we are not giving back anything to mother nature. Companies and multinationals must start thinking and investing in sustainability programs that will allow them to continue working lands in the future. However, many companies just limit themselves to comply with regular norms, and sometimes they create environmental programs just for tax-reduction purposes.
Water is readily available but just not usable....we only have a water problem because we have an energy problem. The only limitation of water is lack of energy and lack of desalination plants. Also, non potable water is used for fracking, not drinking water.

Answered Same DayDec 31, 2021

Solution

David answered on Dec 31 2021
39 Votes
Water is definitely available in huge quantities but is not reaching several countries and places where
asic amenities like potable water are not made available. In such situations along with fracking, we also
need water desalination plants. In this way there can be a balance in oil economies...
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