Oil mining

The oil mining industry is a huge business the thing is, not everyone can participate in this because it depends upon what is your location. If you are in the Middle East, then you are lucky or you can consider yourself lucky because they do have most of the supply all over the world And the Middle East was not the same as it is now. It used to be very poor earlier but everything is temporary. Nothing is permanent. So does the poorness And now we have seen how luxurious life they all live there.

Many of the largest oil producers are in the Middle East, including Saudi Arabia, UAE, and Iraq. Saudi Arabia is the world's largest oil producer and accounts for roughly 15% of global output. Iraq has increased production since the end of the Iraq War and is now the second-largest producer in the Middle East.

Organization of the Petroleum Exporting Countries (OPEC) Is responsible for the up and down of the price of Oil production if the supply is high demand is low, then they cut the supply. And if the demand is high, and supply is low, then they will increase it. So basically it's there 2T to maintain the price of the oil We must have seen the ups and downs in the price. But that is their responsibility to maintain, and they have been doing this for many years. But I think in the meantime, the dependency upon oil will be reduced because other sectors of energy are also coming, like solar wind and other things Yes, petroleum seems to be very much diversifying, because there is a lot of products produced from petroleum And they are used to many purposes.

The thing is nothing is going to be open or close in a day. It took some time and everyone knows that someday the resources will be finished and that's why the big giants are also investing in other industries. Or you can say they are also diversifying their money If oil production is no longer an option, then they can rely on other things. That's why they are doing a lot of things other than oil production this is a good strategy if you do have a consistent source of income, then you might invest in other things based upon the income of your permanent things

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