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DefendTheTruth
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Joined: 08 Mar 2014, 16:32

The Resource Factor

Post by DefendTheTruth » 26 Aug 2023, 15:04

Resource was behind many of the historical human undertakings as a decisive factor. Resource will be the fundamental factor that is going to influnce the future of the world, be it that in any form.

One of the key resource for today's world order is perhaps the source of energy, energy is behind anything we produce to satisfy our needs. One of the key source of energy is oil, which is currently not evenly distributed across the world. Some are rich in oil, while others are dependent on those which have it. As such oil shapes many of the major happenings in the world today. If its supply chain would going to be disrupted just for few days, this will then leads to a catastrophic destruction of the world economy.

So, those who have got this precious resource have got a major leverage on how the world may function.

There are many countries who have oil, among them the top 10 are the following (according to a site called Investopedia and a data from the year 2022).

United States
Saudi Arabia
Russia
Canada
China
Iraq
United Arab Emirates (UAE)
Brazil
Iran
Kuwait

From these 10 countries 6 are going to be members of the so-called BRICS-Block countries.

If having oil is a leverage to influence the course of history, then this Block is going to be the direction to look to.

https://www.investopedia.com/investing/ ... producers/