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Exploiting oil fields can drive economic growth by providing jobs, boosting local economies, and generating revenue through taxes and exports. It also contributes to energy security by ensuring a stable supply of fuel for transportation, industry, and electricity generation. Additionally, oil remains a critical resource for various industries, including manufacturing and petrochemicals, which rely on it for raw materials. However, it's essential to balance these benefits with environmental considerations and the transition to renewable energy sources.

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4mo ago

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