Petroleum abandon

Author: Feng Yuewei
Publisher:
Publish Date: 2003-07-01
Features: Having oil is a blessing, but it can also be a curse. Controlling oil is beneficial, but it can also be harmful. As long as one seeks survival, they must engage in the oil game, and it requires solving the difficult puzzle of oil supply and demand equilibrium. Without oil, the process of industrialization would be delayed, and the arrival of modern civilization would be postponed. Without oil, the standard of human living would regress by 50 years. The oil game is a multi-factor, multi-dimensional game, and its outcome is highly unstable. Through the competition for oil control, a series of specialized terms have emerged, such as "oil weapon," "oil war," "oil dollar," "oil bank," and "oil finance." At the same time, the struggle for oil control has given rise to various international relationships, trade forms, financial instruments, and national economic development models. As global oil reserves are depleted due to extraction, and especially with the advent of the "post-oil era," the fierce competition will continue to unfold before the world.