Oil and world Economy

Economic problems in oil and the world: Check the relationship between the oil industry and the world economy with any economic theory / theory that you think is appropriate. Since human investment in machinery, one of the most important energy sources was oil and its products. However, due to the lack of all resources, oil has more restrictions. Only a few countries in the world own oil fields and produce oil for other countries. As a result, central heating of factories, automobiles and fuels of today is drastically increased, and petroleum is a necessity of society.

Keywords: oil industry, global economy, oil supply chain, participants in the oil industry, politics and war, oil is a very important resource in the world (Inkpen, 2010, 1). Definitely, according to Inkpen (2010, 3), it is the only resource that can manage the world economy. Without it there is no economic activity. Consider transporting goods and services from one place to another. There must be oil to transport. Please consider heavy machinery to be used at the factory during manufacture of products for sale. In fact, all of these machines will not work without oil. It is prudent that you can not maintain anything stable without oil. In other words, the whole world will be stagnant without oil. In other words, because of its importance, the whole world is affected by something related to oil. In the oil supply chain, key players play a role. They control many aspects of petroleum

Russia is an oil company. It is the world's No. 1 natural gas exporter and the second largest exporter of oil, but the economy is stagnant and obsolete. These oil and gas assets are dominated by a small number of oligarchies gathered around Putuo, former head of KGB. These oligarchists may be those who lost the most in the burst of carbon bubbles. The assets of the major countries of Russia are their potential to develop the Arctic Oilfield used by climate change - if investors leave oil this will not happen. If it is obvious that the oil is not flammable, it would be meaningless to build all of these oil drilling equipment and pipelines. But if people think that carbon bubbles will not last for decades, mastering millions of barrels of Arctic Oil will make a reputation. These areas are estimated to be worth at least $ 500 billion.