Oil is a great and rare resource whose discovery in various countries makes the relevant country to be extremely wealthy even reducing the national debt if it can be exported. That is perhaps one reason why most countries get excited when oil is discovered in their jurisdiction. Below are some of the reasons why oil mining is ideal.
Oil is a precious and rare commodity and a country can use it to repay its debt to another country. When this is done the country can quickly gain financial freedom since oil is quite costly. Income for the sale of oil can also be used by a country to invest in projects that can bring then national income.
When you compare solar power to using oil as a source of power, oil is more reliable. Unlike solar power, it is not affected with weather or seasonal changes and it can therefore be used throughout the year. There are also structures in place that help to ensure that oil in mined and utilized well when it is used as a source of power.
With oil mining, there are other byproducts that are produced that make the process useful since they add a little spice to life. Some of the byproducts from oil mining, include but are not limited to footballs, cameras, candles and even refrigerators for food. Such products help to make life easy and they are all available with the help of the oil mining process.
with oil mining there is avenue for job creation. Blue and white collar jobs are created during oil mining since there is a lot that needs to be done. When there are jobs available in a country, the country is able to gain more financial and economic stability to its citizens.
The discovery of oil helps a country to have various economic adjustments. Such adjustment may include building of roads, hotels, hospitals, school and other economic benefiting projects. A country benefits when such infrastructures are built since they are able to help the citizens grow and more so the citizens that live near the area where oil is mined.
Oil mining also opens up an area for international recognition when an area is opened up for the oil mining process and this is quite beneficial. The area then greatly benefits from international clients which help businesses to expand internationally since they are able to get more clients. There is free marketing for products and services in the area where oil mining is taking place thus increasing their sales and gives them the relevant publicity for their products.