Artificial Intelligence and Oil Prices

 

Artificial Intelligence and Oil Prices...

Artificial intelligence is a very important application that will drive

productivity rates and production quality to very high levels. The expansion of this application in all vital sectors puts significant pressure on the electricity sector, which uses oil and gas to generate electricity. Will we witness a rise in oil prices in the coming period? This will exacerbate the crises facing developing countries. This rise in fuel prices means a rise in all types of goods transported from one place to another using oil and its derivatives. Transportation of goods, whether by land, sea, or air, involves the use of various petroleum products. Data centers, the backbone of these applications, use electricity extensively. According to a report by the International Energy Agency, data centers will consume 3% of global energy in 2030. Data center consumption will reach 945 terawatt-hours by 2030. This figure slightly exceeds Japan's electricity consumption.

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Therefore, the world's entry into a race to establish AI data centers within each country...or even within the European Union and Japan, or whether this race will be between technologically advanced countries...in addition to the fierce race between the United States and China to establish data centers for these applications...will increase the need to generate electricity using gas and oil, which will push fuel prices up once again...Reducing the costs of producing the electricity needed for data centers is a global demand...and cost science indicates significant profits due to the widespread use of AI applications after deducting electricity consumption costs...like any factory or facility, but on a global level...we are facing a crisis of rising costs. Gas and oil prices need to stabilize, so new ways of generating electricity to serve data centers for AI applications can be found... without significantly increasing gas and oil prices. Achieving balance in these prices is also a global requirement, and beneficial for the global economy. The significant rise in gas and oil prices pushes the global economy into a massive wave of inflation and rising prices for goods and services worldwide. Renewable sources such as wind and solar energy will play a role in reducing reliance on gas and oil-based electricity generation, but not by a significant percentage. There is also nuclear energy generation, which will be a significant factor in reducing reliance on gas and oil. The United States, China, and Japan will turn to nuclear reactors for electricity generation. 

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But this takes time... after they announced the dismantling and disposal of nuclear reactors and reducing reliance on them... and that this problem stems from the presence of data centers that consume a lot of energy... and that energy generation, which may affect the environment and increase global warming problems, whether oil or nuclear reactors are used... brings us to the issue of balance and how to achieve it, which is the balance between the uses of artificial intelligence and the generation of electricity for these uses... without disrupting the ecosystem or creating a global crisis due to rising oil and gas prices... and that between balance and extravagance in uses... things that are difficult to achieve to preserve this planet... that God created for us Let's maintain it and develop it continuously, first and foremost.