• 3 minutes Why NG falling n crude up?
  • 7 minutes Tesla Battery Day (announcements on technology)
  • 10 minutes America Could Go Fully Electric Right Now
  • 2 hours The China Daily newspaper just did a flash poll of 1600 Chinese Communist Party members. 98% said Biden won the debate.
  • 1 day Taxes. Personal and Corporate. Trump vs Biden "Blarney" Family. Plans vs Records.
  • 3 hours California’s Electric Vehicle Dream Has A Major Problem: No
  • 7 hours Ilhan Omar connected Ballot Harvester in cash-for-ballots scheme
  • 1 day Kalifornistan, CO2, clueless politicians, climate hustle
  • 5 hours Something wicked this way comes
  • 9 hours What is Best for Germany Now?
  • 1 day Debate Night: Trump needs to be concerned about left leaning Chris Wallace , not Biden
  • 2 days BLM organizer plows her car thru Trump supporters. She was arrested and charged with attempted murder
  • 4 hours If Billionaires like Trump Don't Pay Taxes.
Oil Prices Fall As COVID Infections Spike

Oil Prices Fall As COVID Infections Spike

Oil prices tumbled on Tuesday…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Four Ways Oil Has Made Our Lives Better

The world’s most heavily traded commodity has been charged with climate change and found guilty both in the court of public opinion and in climate science circles, with governments, non-profits, and other groups competing over who can shout “climate emergency” the loudest.

Climate change is a real and present danger, but with all the noise around the topic it has become easier than ever to forget that despite the negative side effects of the industry, crude oil has actually improved human life exponentially—in more ways than we can count.

We live longer

Call it ironic, what with all the pollution-related diseases humankind now suffers, but oil and, more precisely, the petrochemicals and plastics industry, has extended our life expectancy.

Improved sanitization is one of the main reasons for the rise in average life expectancy in the United States since 1900. This means more and better detergents, sterilization, and better personal hygiene. These three things have one thing in common: crude oil derivatives.

Detergents are made from oil derivatives. Single-use plastic products and materials in medical care ensure sterility when it is needed. Soaps and shampoos are also made from oil derivatives. One would have a difficult time finding a cleaning product that has no trace of oil in it whatsoever, at least an affordable cleaning product.

Cost is a large part of why oil has become the indispensable commodity it is. Single-use syringes, for instance, are not just safer than the steel ones of olden days, which had to be sterilized by boiling. They are also cheaper, which has made them so immensely popular among medical professionals. Related: The EIA Is Grossly Overestimating U.S. Shale

In the United States alone, some 20 million IV saline bags are used every month. And this is just one single-use plastic product that has inarguably contributed to the improvement in healthcare since the start of the 20th century alongside water filtration and vaccinations.

Having said all this, it is also a fact that the healthcare industry is overusing single-use plastics. There is a growing concern about it and attempts are being made to increase the amount of multiple-use plastics and increase recycling rates. Yet, for all the problems plastic waste has created for the planet, its positive role for human civilization is undeniable.

We are healthier

A wholesome diet is an indispensable part of a healthy life. Crude oil—and the fuels made from it—are in turn an indispensable part of the process that provides hundreds of millions of people with the opportunity for this healthier life.

Eating locally is certainly a commendable choice, but it’s worth noting that it is a choice usually made by either one of two groups of people: those wealthy enough to afford the normally higher prices of local producers and those too poor to afford anything but what is produced in the vicinity, sometimes as part of a barter economy.

But the United States currently imports more than half the fruit it consumes and a third of the fresh vegetables. While there are many reasons for this, one of the drivers of food globalization is—you guessed it—cheap transportation. And now these fruits and vegetables can reach more people.

Everything is more affordable

Millions if not billions of goods, including food, machinery, and consumer goods, are transported from one point to another across the globe on a daily basis. The portion that is transported by sea is more than 90%, according to the International Maritime Organisation, which adds that maritime freight transport is “by far the most cost-effective way to move en masse goods and raw materials around the world.”

What this means is that maritime transport is the cheapest way to move goods around. This, in turn, keeps their prices lower for the end-consumer, which means a household of average means can afford a lot more than their great grandparents could, thanks to oil, because the world’s container ship and freight fleet is overwhelmingly powered by oil-derived fuels.

We can fight climate change in a connected world

In another ironic twist—or, confirming the observation that evil always carries the seeds to its own destruction—without oil there would have been no digital revolution, no social networks and, consequently, no social network-driven movements against climate change. Put simply, if there was no oil, nobody would have heard about Greta Thunberg; not because there wouldn’t have been a problem for her to talk about, but because there would have been no social networks for her to spread her message. Related: Can Russia’s Arctic Oil Boom Survive U.S. Sanctions?

The thing many people often forget is that neither the electricity, nor the materials used to make computers, servers, and associated communications networks, appear out of thin air. The materials have to be mined, processed, and assembled. The supply chain involves a lot of fuel, electricity and, let’s not be shy about it, plastics.

The same is true of renewable energy. Wind turbines, for instance, are made of metal that is mined—with most of the equipment powered by oil-derived fuels—processed (at high temperatures currently only achievable with fossil fuels at cost), and impregnated against corrosion, with oil-containing chemical coatings. Solar panels are also far from fossil-fuel free during the manufacturing process.

Oil is like democracy from the famous quote attributed to Churchill in that it’s is not the best source of energy, what with all the emissions and plastic waste it leaves behind, but it’s the best we have at the moment. Oil has fuelled the rise—or decline, depending on viewpoint—of human civilization from the industrial to the post-industrial age and for all its problems, it has done at least as much good as it has bad on a global, life-improving scale.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Steven Soychak on November 13 2019 said:
    Finally, a sane article about how oil and fossil fuels in general have made the world a better place. There is a moral case for fossil fuels (great read by the way by Alex Epstein). When people talk about the cost of carbon, they need to look at the cost of not having carbon which more than offsets the negative affects of global warming that Greta and her followers try to preach. Get rid of fossil fuels and it goes back to the joke of the two caveman talking to each other in the cave (We have clean air, clean water, and we are healthy, but why are we only living until we are 36?).
  • Steve Parsons on November 13 2019 said:
    OMG, BOOMER!!! How Frickin' short sighted and MYOPIC!!!! Do the math!!! What's the cost in lives, health, future Food Scarcity, Mass Extinction, Wars Ad infinitum?!!!? And before you go off dismiss me and think I'm some young naive lib. punk. I happen to be in my 50's and a USMC Gulf War Vet. who lived in the burning oil field in Kuwait for a bit too long.
  • Lee James on November 14 2019 said:
    Some of our clearest critics of oil once protected fuel convoys in Iraq and Afghanistan. Maybe they even drove the trucks. At the opposite end of the spectrum are those of us who "See the USA in our Chevrolet."

    The calculus for oil's net benefit is complex. But what I think we can say today is that the net benefit of burning oil is progressively goin' down. With time, we will wish that we burned less oil. The benefits of burning oil are many. Unfortunately, the downsides are also many, including compromised world peace due to conflict over oil and displaced people from war and climate change.

    Now to find the right balance between investment in oil and investment in alternatives to burning oil.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News