The Minister Of Finance Insults The Iraqi People With An Electric Car To Accept The Devaluation Of The Dinar And Starvation!
The Minister Of Finance Insults The Iraqi People With An Electric Car To Accept The Devaluation Of The Dinar And Starvation!
02/01/2022 | 3:06 PM
Khaled Ibrahim
The Minister of Finance said at the Ministerial Forum on Energy Outlook in Iraq that was held on 20/12/2021 that during the next ten, fifteen, or perhaps five years There will be a huge change in the energy market that is not different from the change that took place from transportation from wood to coal and from coal to fossil fuels. We also see these indicators in the transportation sector, which is the largest consumer of oil. After 2030, it is forbidden to produce any car except for the electric car in Industrialized countries, and during the next ten years, i.e. in 2040, there will be no gasoline-powered cars, the peak may be reached in 2030 or 2040. But regardless of these two dates, we face a real threat from global fluctuations and qualitative changes that occur in the oil market and what are their effects On the state’s finances, its effects will be in the medium term, meaning that between now and the next five to ten years there will be a collapse in oil revenues.
Commenting on the minister’s words, fossil fuels include coal (all types extracted from the ground and not made from wood), oil and gas. As for the electric car, it is not the decisive factor in the oil market, as the minister points out in his speech. Oil is used in many areas in our lives, including the production of many plastic materials and others, as well as in the production of electrical energy for use in lighting, heating and cooling and to operate factories of all kinds and as direct fuel in some factories such as cement and brick production factories.
As for the electric car, it, in turn, needs oil in a larger amount than normal cars, as the electric car needs electricity to charge its battery, and this electricity needed for charging is produced by electric stations that use oil, and in this case, the production of electric power and from Then charge the electric car battery, the loss of energy will be greater than in a car that operates using gasoline.
The Minister of Finance does not know these facts, or he knows them, but exceeds them. If the Minister of Finance does not know these facts, then this is a calamity that he plans the financial policy of Iraq on incomplete information, and if the Minister of Finance knows these facts, but goes beyond them, this is a greater calamity that the Minister of Finance deliberately insults the Iraqi people and prepares them to accept the second stage of devaluing the dinar and Starvation, increased unemployment, and severe poverty.
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