Can the world ever really cope without the oil?

Going by how several economies are being run by oil and non-oil producing countries spending a huge chunk of their budget on importing oil to .run their industries thus creating fortunes out of this liquid gold.How would the world likely be without this precious commodity playing a roll in her economies?

Share this post


Link to post
Share on other sites

(edited)

If oil was made redundant over night by some fantastic new energy source, it would still take years to implement. It would how ever cause an economic down turn like the world has never seen, millions out of work, including myself.

Edited by UKOilTrader
  • Upvote 2

Share this post


Link to post
Share on other sites

5 minutes ago, UKOilTrader said:

 It would how ever cause an economic down turn like the world has never seen, millions out of work, including myself.

whereas I could just spend my days writing about the new energy source. 

can we think of any other similar global shift away from something in history? 

  • Upvote 2

Share this post


Link to post
Share on other sites

(edited)

Steam power springs to mind....we all know what revolution that started.

Edited by UKOilTrader
  • Upvote 2

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0