Many people believe investing money in energy resources like oil is not worthy as they are at the edge of scarcity. Thus, it would be a better decision to Invest money in renewable natural resources such as wind and solar. I agree with this statement and will elaborate on how beneficial these alternative sources are for their value for money.
One of the main reasons oil resources are decreasing is because of global warming. For example, we use oil in transportation and electricity. The world’s population is increasing approximately by millions per year. Thus , to meet this rising demand for oil leads to constant mining of oil from soil, which can eventually decrease the fertility of soil. As a result, the government as well as oil production companies have to invest more time and money to find fertile soil and to develop machinery to produce oil. Thus, it sounds like a waste of investment.
Conversely, Natural resources like wind and solar are far better than oil in terms of investment and production. For instance, energy production from the sun only requires solar panels that convert solar radiation into solar energy, which cost about half the price of oil production and can last for years without producing carbon emissions. Similarly, wind energy can be easily transformed by establishing wind turbines that can generate electricity. Thus, investing in developing solar roofs and wind turbines can save a lot of money as well as lessen the chances of pollution in the air.
To conclude, petroleum resources are exhausting quickly and investing in them does not provide value for money. Hence, investing money in renewable resources makes more sense as it is more sustainable and cheaper .