Comments by "looseycanon" (@looseycanon) on "Is the Oil Business Ending in SAUDI ARABIA?" video.
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@abedmarachli7345 Not necessarily, we Czechs have pubs because of beer and thanks to pubs, we are, as Tomáš Sedláček put it a well pierced through society thanks to that. In that same pub, at that same table, I an executive (well former) sit with local mayor, a doctor from a nearby hospital, a garbage man, an entrepreneur, a prostitute (not currently with a client), a priest from a nearby church. We sit at one table and discuss stuff drinking half liters of beer. Thanks to this, we, even though we're from different socioeconomic layers of society, have understanding for one another, because that beer makes us come to the pub, meet and talk. Can it get sometimes heated sure. Can you drink too much and end up in a hospital? Oh absolutely, but in moderation... I like the name alcohol got in Westerns in Czech dub, the "Fire water". Because it's very much like fire. A good servant, when drunk responsibly, but a very bad master, if you lose control.
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I think, this is a mistake... Yes, world is reening itself of oil, we have incentives, yada, yada... The world will never get off oil! Even if we stop using it for fuels, there are still plastics, pharmaceuticals, fertilizers... The list is well over 10000 entries long! over 10000 kinds of products have oil in them in one form or another and Saudi Arabia has the lowest costs to extract oil on Earth. What I'd do, would be to:
1) establish a university, that would train and research stuff related to oil extraction and processing.
2) I would double down on oil processing and industrial automation. Really these days, oil is seen primarily as an energy resource. I'd flip that. I'd see it first and foremost as a manufacturing material and only and what can't be processed further would be burned. That way, SA would have abundant and basically forever cheap and secure source of resources for their products. Even if the world abandoned vast majority of products made from oil, there would still be pharmaceuticals and fertilizer, wihtout which the system will not ever work and on which Saudis would have massive advantage, given low raw material costs and cheap electricity, because they wouldn't need to import anything and burn what's now used for fuel and cannot be processed further to have their own power source. I'm not worried about climate discourse derailing this, because particularly in democracies, parents will not tolerate their children dying of smallpox, measels or anything treatable, or famine, because the nation, which produces majority of fertilizer isn't green enough. Noone is going to put tolls or sanctions on a nation producing this basic stuff over something as meager as climate change.
3) bad image cannot be overcome with PR. That is the lesson SA needs to learn and actually implement reforms. That is one thing they can't speed up. Just look at major brands and what is their reputation in spite of in some cases downright excessive PR budgets! I'm talking EA (once mark of quality, now of garbage in gaming), Blizzard (same story and to think that SC2 nearly saved them!), Ubisoft (who once ran three different DRMs on one of their games and now are actively trying to deny us owning purchased games), HP (and their printers from hell). Only genuine change can do that.
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@abedmarachli7345 Fortunately not, that would make me a smoker too (am the only non smoker in the family) :D I too happen to have a friend, who infront of me drank himself into liver failure (my vote was deciding to take him to the hospital). Furtantely, he's still young and we cought it early, so he managed to recover. I have seen a girl, who wasn't prepartying, to end up with alcohol poisoning after a single drink. I myself have ended up in the hospital after a night of very irresponsible drinking. There is indeed danger in alcohol, but that is why it is so important, to drink responsibly, not to evade it outright. I for one didn't touch hard alcohol for five years after that hospital incident (and still drink hard alcohol very rarely), shifted to wine and made it a rule to never drink alone and more than one bottle in a day (that's about two glasses each). That is how much I know I can handle safely, without endangering myself. The problem is, much like driving or riding a bike, you don't learn, without doing it. We as humans do dangerous things all the time, but we learn, how to do them safely with experience. Yes, there are bad outcomes, but that doesn't mean, we shouldn't do it at all, particularly if there is a reason to do it. Because everything can have a bad outcome.
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