ADSactly on ADSACTLY - Part #57
Creating Value - Part 5
In the last four sequels we wrote about the early beginnings of creating values, continued with the rise of craftsmen, explorers and merchants. We explained the importance of the first manual machines and how it all led to industrialization. Today we'll continue further. If you haven't read the first four parts, please find them here:
ADSactly - Creating value Part 1
ADSactly - Creating value Part 2
ADSactly - Creating value Part 3
ADSactly - Creating value Part 4
The next big thing, you probably guessed, was oil. With the growing automobile industry and the fast-growing industry in all sectors, oil proved to be fast and stable energy solution at the time. Of course, nobody had a remote thought about the scale of pollution it would create in the future once it springs out of the proportions of the era. However, the value was to be created, investors were ready to get rich and workers looked for to be employed, so many jumped on the opportunity to drill for the black gold.
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In retrospective, oil made many well-off and created countless working places all over the world. It set the foothold for future development and progress but also gave an enormous amount of financial power to the countries which traditionally harbour extremist worldviews. This consequence, along with the global warming as a result of the pollution, set a path for further exploration of renewable energy sources. (Quite a few members of ADSactly Society are currently investing in the development of clean and cheap energy sources.)
Oil is the basic source of energy used in various industries around the globe. Its importance is not questionable. The annual rise of its consumption is still on the rise, with the USA in the lead. They spend more oil than China, Russia, Japan and India combined. It is no wonder there is a strong lobby against the signing of the Kyoto Protocol which would make each country decrease annual emissions of greenhouse gasses. Profit over reason, once again.
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The latest method of oil production is fracking. It is the process of injecting liquid at high pressure into subterranean rocks in order to extract oil. It secured higher reserves of oil because the amount of oil captured in rocks is vast. However, it is detrimental to the environment and dangerous in the long run. Breaking the stone and gathering oil from it causes irreparable damage. The image is quite self-explanatory.
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Wars were and are fought for control over the oil fields, lives are lost over it, fortunes are made because of it. However, do we really need such a dirty and dangerous product anymore? Will we be able to switch the overall energy direction to cleaner sources?
Reason tells us the time to abandon oil has arrived a long time ago. However, with the decrease of the oil industry, countless jobs will be lost. People, unfortunately, need oil for many reasons. It creates value for many people. Letting it go and changing it for renewable sources might cause serious economic and social shocks. Renewable sources have no limited supply and it scared the ones who understand the rule of availability and demand. These are the reasons why we still use oil even though many alternatives exist for decades.
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The price we might pay for burning countless amounts of oil may soon prove to be too steep in the end. Is this another 'profit over reason' showcase, exposing our old weaknesses?
Let us know your thoughts!
To be continued...
If you are interested in joining the ADSactly Society, please read the blog series on ADSactly from the beginning. Have all of your questions answered in advance.
ADSactly on ADSACTLY - Part # 1 Open-Value Network / Co-opoly
ADSactly on ADSACTLY - Part # 2 Do-ocracy / Value Network
ADSactly on ADSACTLY - Part # 3 Open Stewardship
ADSactly on ADSACTLY - Part # 4 Society's Value Contribution System
ADSactly on ADSACTLY - Part # 5 The Value of Our Time
ADSactly on ADSACTLY - Part # 6 Cooperation and fair benefits
ADSactly on ADSACTLY - Part # 7 Support local production
ADSactly on ADSACTLY - Part # 8 Cooperation vs Competition
ADSactly on ADSACTLY - Part # 9 Sustainable Social Model
ADSactly on ADSACTLY - Part # 10 Blockchain Technology
ADSactly on ADSACTLY - Part # 11 Support for Decentralization
ADSactly on ADSACTLY - Part # 12 The Importance of Bitcoin
ADSactly on ADSACTLY - Part # 13 ADSactly in Discord (1)
ADSactly on ADSACTLY - Part # 14 ADSactly in Discord (2)
ADSactly on ADSACTLY - Part # 15 ADSactly in Discord (3)
ADSactly on ADSACTLY - Part # 16 ADSactly in Discord (4)
ADSactly on ADSACTLY - Part # 17 ADSactly in Discord (5)
ADSactly on ADSACTLY - Part # 18 ADSactly Clubs
ADSactly on ADSACTLY - Part # 19 ADSactly Tokens (1)
ADSactly on ADSACTLY - Part # 20 ADSactly Tokens (2)
ADSactly on ADSACTLY - Part # 21 ADSactly Tokens (3)
ADSactly on ADSACTLY - Part # 22 ADSactly Tokens (4)
ADSactly on ADSACTLY - Part # 23 ADSactly Tokens (5)
ADSactly on ADSACTLY - Part # 24 ADSactly Tokens (6)
ADSactly on ADSACTLY - Part # 25 Full Stack Startup
ADSactly on ADSACTLY - Part # 26 Artificial Intelligence Government Pt. I
ADSactly on ADSACTLY - Part # 27 Artificial Intelligence Government Pt. II
ADSactly on ADSACTLY - Part # 28 ADSactly Steemit Blog
ADSactly on ADSACTLY - Part # 29 The Future Of Crypto
ADSactly on ADSACTLY - Part # 30 ADSactly on Globalization
ADSactly on ADSACTLY - Part # 31 Blogging on Steemit
ADSactly on ADSACTLY - Part # 32 Social P2P network
ADSactly on ADSACTLY - Part # 33 Projects in ADSactly Society
ADSactly on ADSACTLY - Part # 34 ADSactly - Medium Blog
ADSactly on ADSACTLY - Part # 35 ADSactly - Environmental Protection
ADSactly on ADSACTLY - Part # 36 ADSactly - Sharing of Ideas
ADSactly on ADSACTLY - Part # 37 ADSactly - Centralized System vs. You
ADSactly on ADSACTLY - Part # 38 ADSactly - Taxation of Crypto - Part #1
ADSactly on ADSACTLY - Part # 39 ADSactly - Taxation of Crypto - Part #2
ADSactly on ADSACTLY - Part # 40 ADSactly - Cryptocurrency Trading General Advice
ADSactly on ADSACTLY - Part # 41 ADSactly - Steem Witness
ADSactly on ADSACTLY - Part # 42 ADSactly - CurveCoin Club
ADSactly on ADSACTLY - Part # 43 ADSactly - XP Coin Club
ADSactly on ADSACTLY - Part # 44 ADSactly - MASTERNODES - A new vision for the blockchain (#1)
ADSactly on ADSACTLY - Part # 45 ADSactly - MASTERNODES - A new vision for the blockchain (#2)
ADSactly on ADSACTLY - Part # 46 ADSactly - Producers and Others
ADSactly on ADSACTLY - Part # 47 ADSactly - Money Velocity
ADSactly on ADSACTLY - Part # 48 ADSactly - Bear Markets
ADSactly on ADSACTLY - Part # 49 ADSactly - What can ADSactly do for me?
ADSactly on ADSACTLY - Part # 50 ADSactly - Project Support
ADSactly on ADSACTLY - Part # 51 ADSactly - Open Cooperative Society
ADSactly on ADSACTLY - Part # 52 ADSactly - Can Blockchain Systems Provide Both Security and Privacy?
ADSactly on ADSACTLY - Part # 53 ADSactly - Creating Value Part 1
ADSactly on ADSACTLY - Part # 54 ADSactly - Creating Value Part 2
ADSactly on ADSACTLY - Part # 55 ADSactly - Creating Value Part 3
ADSactly on ADSACTLY - Part # 56 ADSactly - Creating Value Part 4
Every honest individual with good intentions is invited to join and offer their skills, knowledge, energy, time or resources to various ongoing projects within ADSactly society. The channel is here: ADSactly and you are welcome!
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