Should a country discover oil, it becomes a turning point for them since oil is a precious and rare commodity which can even help them reduce their national debt. The discovery of oil in a country is perhaps one of the reasons that most countries cannot contain their excitement when it is discovered in their jurisdiction. Below are some of the reasons why oil mining is ideal.
By mining oil, a country is able to repay its debt in exchange of the oil since it is a rare and precious commodity. When this is done the country can quickly gain financial freedom since oil is quite costly. A country can use the money from the sale of oil to invest in projects that can help give them returns that can benefit the nation.
Compared to solar power energy, oil is a source of power is quite a reliable energy source. Since it is not affected by weather and seasonal changes you can use it throughout the year unlike solar power. 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.
Oil mining is also a very beneficial process since it helps to give other by products that add a little spice to life and are quite useful. The byproducts include such things like candles, football and cameras even refrigerators that help to preserve your food. The byproducts are useful in helping life easy thanks to the oil mining process.
with oil mining there is avenue for job creation. There is a lot to be done during oil mining and the process provides jobs for those looking for blue and white collar jobs. A country can gain more economic and financial stability with the creation of jobs with oil mining.
Various economic adjustments happen in a country when oil is discovered. Such adjustment may include building of roads, hotels, hospitals, school and other economic benefiting projects. Citizens living near the areas that the infrastructure benefit greatly from them since it helps in their growth and especially more so for citizens who live in areas where the infrastructures are built.
When an area is opened up, oil mining can make an area have international recognition and this can be quite beneficial. When such places open up to international clients, the residents benefit greatly from the interaction since they get business and are even able to expand their businesses internationally. Publicity is also good for the area since it enables them to get free marketing for their products and services that can lead to great sales.