Oil isn’t always used to make gasoline for cars. It is fundamental to society because almost everything that we use on a daily basis is composed of oil. Oil can make wax candles, crayons, polyester shirts, and even toothbrushes.
To keep making these necessary products, oil should remain as a societal necessity.
Oil has been described as the lifeline or bloodline of quite a few industries. To put this into perspective, let's examine an industry that all of us are undeniably connected with: the clothing industry. The $1.5 trillion fashion industry produces 2/3 of all its clothes using fossil fuel synthetics (which is practically man-made oil).
Polyester, Acrylic, Nylon, Spandex, and Acetate are all made from oil.
This shows just how deeply rooted our economy and daily lives are on oil, and reverting to some other substitute would bring tremendous harm to many industries.
Not only is oil so important for industries and the broader society but it also creates millions of jobs all around the world. According to PwC, 9.8 million jobs are created every year by the oil and natural gas industry.
This constitutes almost 6% of the total US employment. Not only is oil essential for the products that drive society, but it is also responsible for the jobs and the well-being of millions of individuals and families worldwide.