Getting To The Point – Oil
Oil is a great and rare resource whose discovery in various countries makes the relevant country to be extremely wealthy even reducing the national debt if it can be exported. It is for this reason that most countries get extremely excited at the mere thought of oil being found in their jurisdiction and the possibility that such oil can be mined. Some of the reasons that make oil mining ideal are briefly highlighted below.
With oil being a rare and precious commodity, a country can use it to repay its debt to another country. When this is done the country can quickly gain financial freedom since oil is quite costly. Should such countries use the money from the selling oil well, they can be able to invest in projects that enable them to get better returns nationally.
Oil is more reliable as a source of power compared to solar power energy. Unlike solar power, it is not affected with weather or seasonal changes and it can therefore be used throughout the year. Since there are structures in place, oil is utilized more effectively.
With oil mining, there are other byproducts that are produced that make the process useful since they add a little spice to life. The byproducts include such things like candles, football and cameras even refrigerators that help to preserve your food. Thanks to the oil mining process, some byproducts become available that help to make life easy.
Oil mining as a process creates avenues for job creation. There is a lot to be done during oil mining and the process provides jobs for those looking for blue and white collar jobs. A country can gain more economic and financial stability with the creation of jobs with oil mining.
Various economic adjustments happen in a country when oil is discovered. Such adjustment may include building of roads, hotels, hospitals, school and other economic benefiting projects. Citizens living near the areas that the infrastructure benefit greatly from them since it helps in their growth and especially more so for citizens who live in areas where the infrastructures are built.
The discovery of oil also opens up an area to be internationally recognized and this is another benefit of oil mining. Businesses in the area can benefit greatly from international publicity which can help in the expansion and establishment of such businesses since they are able to get clients and this helps to boost their growth. Publicity is also good for the area since it enables them to get free marketing for their products and services that can lead to great sales.
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