We know that oil is one of the main energy sources now, and many countries have made a fortune from oil, such as Saudi Arabia, which used to have no oil.
Saudi Arabia with oil is like this.
And Places like Dubai have become local tycoons by relying on oil. But this over-dependence is not a good thing. For example, here are a few countries. It can be said that it is impossible to survive without oil.
1. Azerbaijan
Located in Transcaucasus, Azerbaijan is a very important geographical location, is the "crossroads" of Eastern Europe and West Asia, is also an important station on the ancient Silk Road, and is now the end city of the Belt and Road Initiative.
The country has a lot of oil, 2 billion tons of proven oil, and it is buried shallowly and with few impurities. The mining value is extremely high. Relying on oil, Azerbaijan has always had a good life, and Azerbaijan was a member of the former Soviet Union, one of the three major oil exporters of the former Soviet Union, relying on oil revenues, becoming the only republic in the former Soviet Union except Russia that did not rely on the central government to supplement the government. During World War II, Hitler wanted to attack Azerbaijan, one of the purposes of which was to seize Azerbaijan's oil resources. Nowadays, Azerbaijan likes to soak in oil baths, and it is said that it is very good for the body.
Then the economy of Azerbaijan is also very single, basically relying on oil to eat.
The next time oil prices fall, Azerbaijan's life will be very sad, and now Azerbaijan's standard of living can be said to be very average.
There are many good buildings in the country, which are all built with oil, but the income level of the people is not high.
2. Venezuela
Venezuela is probably the country with the greatest contrast, and its proven oil reserves may be even greater than Saudi Arabia's, the founder of the Organization of the Petroleum Exporting Countries. When the price of oil was high, the standard of living in Venezuela was quite high, and it was a rich country in the continent. Relying on oil, Venezuela has engaged in high welfare, and Venezuela's goods are extremely cheap, why is it cheap? Government subsidies. Subsidies for food are as high as $600 million a year.
Moreover, it is also engaged in national housing, free housing up to millions of units, medical care that must be free for the whole people.
In this way, the Venezuelan state began to anesthetize itself, buy and buy everything, and it no longer engaged in industrial agriculture. But unexpectedly, the price of oil plummeted. High welfare will certainly not be able to play, food subsidies will not be subsidized, there will soon be a shortage of materials, supermarkets are bought out, the state needs to send soldiers with guns to stand in front of soy sauce bottles, afraid that the people will rob the soy sauce.
Playing soy sauce has become a high-risk activity.
This is definitely killing yourself.
3. Nigeria
Originally an agrarian country, after the discovery of oil in the middle of the last century, the country began to transform, extract oil, and no longer farm. This can also be understood, a drill on the ground can be black gold, who still goes to farming ah.
With abundant oil reserves at home, Nigeria quickly became Africa's largest oil producer and the world's sixth-largest oil exporter.
But this oil has not done much to help Nigeria's economy. The country is still very poor, and it does not know where the money from the oil has gone.
Then as soon as the price of oil falls, oil profits are lower. There are infighting everywhere in the country, and every day a shot is fired here and a shot is fired there. It can be said that Nigeria has not lived a good life on oil, but as soon as the price of oil falls, it is directly the rhythm of hunger.
Today, Nigeria is beginning to think bitterly, no longer play oil, determined to reduce the exploitation of oil, so what to play?
natural gas!
Hey, I still want to drill money out of the ground.
The hard days in Nigeria may still be over.
4. Russia
You may find it strange that Russia is a world power. As oil prices fall, can Russia not survive?
Of course, the other day we introduced that one of the important reasons for the collapse of the Soviet Union was that the price of oil fell that year, giving the Soviet Union the last blow. And now Russia has perfectly inherited this position.
As you recall, the best days for Russia were more than a decade ago, probably from 2000 to 2008, when oil prices were high and Russia was still oil and gained a lot of foreign exchange. This is a huge boost for Russia, which has been sluggish in its economy.
And the Russian plate is so big that there are places everywhere that need to spend money. Submarines ran out of money, accidents occurred, and strategic planes for global cruising began to take off again after they had received money for oil.
So, if Russia doesn't have oil, it's a miserable day. After 2008, oil prices plummeted and the Russian economy fell. Russia's income is also on a downward trend. This is a considerable blow to Russia, putin's plan to revitalize Russia, that may have to be rethought.
These four countries, it can be said, are all countries that cannot survive without oil, on the one hand, the country uses oil to obtain money, but at the same time it is tied to the chariot of oil, and once the oil is not powerful, there will be a night back to the pre-liberation period. Therefore, the world is fair, and all the gifts of God have already written down the price.