Drilling of the blue

Drilling of the blue whale turned out to be a failure, but is the national force considering additional drilling? Probably not. Resource development in the past competed in the era of imperialism and the World War II. That means, only when the state has absolute power. Even in today's world, communist countries, underdeveloped countries with abundant resources and monarchy are the only countries that use the national budget for resource development.

Moreover, in a country like Korea where there are many strategic industries to be invested and supported by the state. Moreover, the East Sea is not an urgent matter to go anywhere, so what will the oil market be like when drilling and mining are finished and commercializing? Oil is not a rare mineral, so you can buy it at any time at the market price. Oil refineries and petrochemical companies are doing business well in the oil market anyway. Furthermore, even if the oil was successfully drilled and discovered in the East Sea, and it is economically and profitably, the entire country will not use it for several months anyway. Therefore, in the long run, rather than fossil fuels that must be imported for energy security, it is necessary to develop, state-of-the-art, and increase the proportion of power generation that can be produced domestically as much as possible. Talk about it with a long-term vision of Korea's energy policy.

Is it true that U.S. President Trump is increasing the proportion of fossil fuels? If so, the number was wrong. What Trump wants is to import U.S. crude oil or natural gas, so even if oil is produced in Korea, there is no need to produce it at least during Trump's presidency. It hasn't come out yet and it's unlikely to fly. So, no matter what you think about it, the oil development business is currently of little practical benefit in Korea. As pointed out earlier, it is not suitable for direct investment by democratic countries because it is an excessively gambling probability game, but it is not profitable.

So, isn't the budget right to use it not only for AI and system semiconductors, but also for industrial conversion and labor conversion in the domestic petrochemical industry, which is collapsing due to the low-cost offensive from China?