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Enrico
Wendover Productions
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Comments by "Enrico" (@enrico7474) on "Saudi Arabia's Oil Problem" video.
What people are forgetting when they say "oil will fall soon" is the fact that many countries are still developing and they are never going to use "clean energy" atlest until they reach the same height as most developed countries and nobdoy has any right to scold them for that so the more they grow the more oil they will buy this will keep oil demand high for at least the next century
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major oil deposits are located in eastern africa Infact oil was discovered there before the gulf,forgotten because lack of instability but now they are stable and they are building infrastructure to tap the oil ,what i mean by all of this is they will obviously offer less prices and make the expensive greenenergy look even less attractive,like recently china built an entire oil refinery for Ethiopia,Ethiopia built highways to transport southsudanese & Ethiopian oil to the rest of the world,... they arent dependent on oil so making oil cheap wont hurt them much. countries started using green energy sources not b/c they care for the environment but because they fear iran and other sources are too far to access,eAfrica doesnt neighbor iran and is close to asia and africa so green countries will go back to their old ways
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