Economic Progress from Energy Development
Most of the economically developed nations nowadays have one common denominator with each other. These nations are either oil producers or good distributors of oil. Take, for example, the Kingdom of Saudi Arabia. Undoubtedly, and history will tell us, that this oil-producing nation has become the front-liner when it comes to producing oil – the main source of producing energy. Also, emerging economy today such as Russia, Brazil and India are venturing into oil production and energy generation in order to compete and be good players in the world market. Nations such as America, Japan and some European countries may do not have rich oil deposits, but these nations are forefront drivers and aggressive players in oil distribution and energy production.In this insight, one can reflect and ponder – What is with oil that it makes a nation rich and powerful? How can we generate energy without really relying on oil?
Almost everything around us relies so much on energy in order to function and cater to the daily needs and demands of everyday living. Upon waking up, we turned on our TV sets or cook food on our burner, we switched on our computers or call our office with our mobile phones – every move, and we have involved the utilization of energy. Everything around is paralyzed if there is no energy. As a matter of fact, a minute of a power blackout is synonymous with millions of income losses among businesses and public services. It is in this regard that one can truly say that energy and oil are very much useful and needed to “normalize” everything around; hence, it is not surprising that countries with reach oil deposits and with good machineries for energy generation are rich and powerful. They hold the world by their hands by controlling their exportation of oil in the world market –either they tag it on a higher price or limit their distribution.
Meanwhile, nations that do not have many oil deposits or do not have the resources for oil exploration and energy generation are encouraged not to rely on oil-producing nations in order for them to have energy. Alternative energy from windmills, geothermal, and solar are practiced by some countries because they deem it as more environmental-friendly and cheaper in comparison to oil.
The question also lies whether energy production and economic development can go hand-in-hand with environmental protection. Environmentalists from some corners of the world are condemning nations and companies that continuously use and produce energy that is, according to these environmentalists, hazardous to the environment and human health. They particularly cite coal-fired energy plants. Also, they condemn activities involving oil exploration as these kinds of activities disturb animals and the equilibrium of Mother Nature.
Whatever the arguments and challenges rise by opposing parties about energy production and environmental protection, what is important here is that economic development should be achieved without downgrading other resources in the society. It is a nice thing that energy production is being focused at since energy is really a good income-generating industry; however, it should be taken into the mind always that a truly economically progressive nation is
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