Overcharged Economy

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Everything is now charged. The telecommunications industry needs a massive amounts of energy to stay active 24/7. At least we have masses around our areas and I have seen the electrical strategy put in place to keep it fully functioning. I am not here to talk about the radiation released and how it affects humans within. This is one of such reasons we are seeing age cuts in advanced places than the rurals. Ok, today I will not do that disheartening analysis.

New discoveries always make the former obsolete or at least trail behind. We have seen such in the rise of new industries. email deranked post offices and social media also jumped in the later deranked electronic mails.

One of such sectors I have always considered how big it would have been is the transportation industry. Despite how cellular phone calls and a later follow up by Internet voice is data and video calls have stepped in, this industry is still pulling a performance.

As we speak this ember season is always one of those heightened Traffic moments for this industry. That aside, we are currently in the era of financial replacements. We have seen blockchain tech and crypto currency pulling a stunner.

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And here is artificial intelligence adding up another section of disruption. Every part of the economy is responding to a fast pace technological advancement.

It was an article I delved on some days ago but this time I will be adding something different. Before going further, I was just looking at the future of crude oil as regards to how it can blend into future industries. Already, there are many analyses of a future surplus due to less demands. Many other things are feeding in; electricity, solar and other renewable energy.

I had to imagine how a hot cake crude oil would have been in case other energy generating elements were not in place. I mean crude oil generating countries would of stayed in double profits at least I can say this as regards to artificial intelligence. The energy consumption of this technology is very high. In short, some sources predict AI running and maintenance by 2028 surpassing the entire energy usage of Iceland in 2021.

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If this can be true, personally, I will add that the demands will be far higher. I talked about the issue of AI security alone and how much energy it will take to maintain this sector. Beyond just building AI, its sidechain activities like theft and hacking prevention will need constant monitoring. We are talking of a steady supply of energy here. We are indeed entering an overcharged economy. Yes, we are talking of a globalization built on energy upon energy.

Crude oil won't dominate but it will play its part. In short, every available energy channel will be leveraged in the near future. What is generated is currently not enough and statistically speaking, cost of building the needed infrastructures can be mitigated by substituting in on some occasions.

How large is the crude oil industry as we speak? Demands are expected to grow but with uncertainties. Barrels will be in a slow pace supply from my few research. I am surprised this industry is around $3 trillion mark (seems small for such an economic driver). Consider how much the cryptoverse is worth in the space of fifteen years. The daily supply changes of crude oil between 2025 and 2026 is expected to be around 1 million barrels. Yes, it seems small when talking about an increase in energy demand come 2026.

To conclude, let me add, electricity supply has immensely changed direction. The value of crude oil is mostly for cars and household usage and without doubt, tech advancement is beating in. As we speak, data centers are going to hedge with renewable energy. A big miss for fossil fuels. I know that the main reason is to curb its global harmfulness. Elon Musk and his Tesla team is work on how to take advantage through how new car inventions. Whether it be fossils, electricity or newer renewable energy techniques, one has to accept this fact that the demand for energy is on a rapid rise; it is more like humans trying to charge the Earth for tech advancement.

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