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Crude oil and the optimum global economy:

The oil prices are expected to drop to the level of ten dollars a barrel or less. This drop in oil prices will completely change the balance of economic forces.

India has a population of one and a third of a billion people, declares a curfew, as well as China and many other countries, which means not to use oil or dispense with its use even for a limited period (not to use cars, planes, and not to operate or stop industrial factories, etc.)

Aviation stopped at most airports in the world, which means stopping the consumption of gasoline.

General ground transportation has stopped in most countries of the world, which means there is no need to use gasoline and its derivatives.

The use of electricity in most modern cars facilitates the transition to electricity use and reduces the use of gasoline and diesel.

The lack of demand for crude oil, the huge surplus in production and the availability of large quantities of crude oil stockpiles, the lack of giant oil tankers to transport the produced oil because it is essentially loaded with fuel and does not find countries that receive it in most parts of the world.

Monopoly, greed, and failed economic policies of oil-producing countries have brought them as well as their leaders to the point of disaster and this is what happened to many oil-producing countries.

The crisis continues and the economic collapse will affect many regimes and countries. The main reason is the outbreak of Corona Virus, whose pandemic has spread throughout the world.

On the other hand, one of the benefits of low oil prices is the cleanliness of the environment, changing the pattern of the global economic system, and reviewing many of the strategies of economic and administrative systems that control the strategies of countries and management systems in those countries, as well as reviewing global management systems

The lesson and wisdom is not in the number of victims of Corona Virus, but how to control defensive systems in the international community after our thought revolves around the maze of attack and star wars, and at the same time you find the international community’s systems unable to face natural disasters such as heavy rains, devastating floods, heavy storms, droughts and deadly pandemic.

I envision the next stage that will witness a fundamental change in the scientific perception to protect the international community from unaware or unfriendly oil monopolists, get rid of unwanted leaders from deadly wars and reassess economic theories that will work for optimal change and transition to a safe and peaceful world away from wars and devastating disasters.

Dr. Dhia Kadhem
PhD Operational Research, UK