Monday, March 11, 2024

OPEC Warns Of The Disappearance Of Oil: This Is What Its Repercussions Will Be, 11 MARCH

OPEC Warns Of The Disappearance Of Oil: This Is What Its Repercussions Will Be

Arab and international   Economy News - follow up  The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, warned of the repercussions of the disappearance of oil in the future.

Al-Ghais said in his article, “If oil disappeared tomorrow, there would be no jet fuel, gasoline, or diesel. Internal combustion engine cars, buses, and trucks would be stranded. Planes would stop, diesel-powered freight and passenger railways would stop, and people would not be able to travel.”

“Go to work, children will not be able to go to school, the shipping industry, which transports goods and passengers, will be devastated, there will be no point in calling emergency services, and the majority of ambulances, fire trucks, police cars, rescue helicopters and other emergency vehicles will be idle.”

He added: “Most phones and computers will also disappear because their plastic components are derived from oil, so it will be difficult to find a way to communicate with emergency services,” noting: “The construction sector will also stop, as diesel-powered vehicles will break down, and excavators, bulldozers, dump trucks, and cranes will remain.”

Cement mixers, vibrating rollers and compact cranes are out of service, and it will not be possible to build new homes or buildings or carry out vital maintenance work.”

He continued: “If oil disappears tomorrow, petroleum products will disappear with it, and this would affect the production of electric cars, and with supply chains disrupted, the structure of lithium batteries will also be affected, as the lithium battery consists of four parts, and the separators are microporous membranes, made Usually from petroleum-based polyethylene or polypropylene products, the petroleum-derived synthetic rubber used in car and bicycle tires will cease to exist.

Lawns, harvesters, balers, sprayers, and seeders will stop working, and the food containers needed for storage and preservation will not be available. Petroleum coal, a by-product of oil refining, is used as a feedstock in the manufacture of synthetic fertilizers, which are important in increasing crop productivity. This will likely result in food shortages.

He went on to say: “If oil disappears tomorrow, it will be catastrophic for health services everywhere, employees will lack the ability to move, and basic supplies will be stranded,” pointing out that “petroleum is an essential raw material for medicines, plastics, medical supplies, latex gloves, and pipes.”

Medical, medical syringes, adhesives, some bandages, antiseptics, hand sanitizers, cleaning supplies, prosthetics, artificial heart valves, resuscitation masks, stethoscopes, MRI scanners, insulin pens, injection bags, drug packaging, face masks, equipment Personal protection is largely derived from petroleum-based materials.”

He stated that "equipment used in medical research, such as microscopes, test tubes, and protective glasses, usually contains components derived from petroleum.

The chemical structure that produces aspirin begins with benzene derived from petroleum, where benzene is converted into phenol, which in turn is converted into salicylic acid, then... It is converted into acetylsalicylic acid, which the world knows as aspirin, and it is difficult to imagine a modern hospital without this group of essential petroleum products.”    https://economy-news.net/content.php?id=41342

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