When a country discovers oil, it is usually an ideal time for them since it is a rare resources that can make it wealthy and even reduce the national debt if it is exported. That is perhaps one reason why most countries get excited when oil is discovered in their jurisdiction. There are various reasons why oil mining is ideal and some of those reasons are briefly highlighted below.
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.
When you compare solar power to using oil as a source of power, oil is more reliable. Since it is not affected by weather and seasonal changes you can use it throughout the year unlike solar power. Since there are structures in place, oil is utilized more effectively.
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. Job creation gives a country more financial and economic stability.
The discovery of oil helps a country to have various economic adjustments. Building of roads, hotels, hospitals, and schools are some of the adjustments that can take place. There is growth when such infrastructures for the nation even for the citizens but it is especially beneficial for citizens who live near such infrastructure.
The discovery of oil also opens up an area to be internationally recognized and this is another benefit of oil mining. The area then greatly benefits from international clients which help businesses to expand internationally since they are able to get more clients. When there is publicity for the oil mining businesses within that area also get free publicity for their products and services which increases their sales by the free marketing.