Will We Control AI—or Will AI Control Us?
BLM Moves to Fast-Track Oil Permits in Alaska Petroleum Reserve Dr.
Salman Ghouri is an oil and gas industry advisor with expertise in long-term forecasting, macroeconomic analysis and market assessments.
The world is undergoing a transformation driven by the exponential growth of artificial intelligence (AI)—a pace of change unprecedented in human history.
Consequently, many people fear massive unemployment, along with other implications that could affect their livelihoods and quality of life.
Is this truly the case? Yes—or perhaps not entirely.
The purpose of this short article is to explore the potential benefits of AI and its implications for human society.
It is still too early to fully assess the potential benefits of AI, but they could be enormous.
History shows that technological inventions have continuously improved economic productivity, efficiency, and quality of life.
Many inventions that were once considered luxuries eventually became essential parts of everyday life.
Electricity, automobiles, airplanes, refrigerators, washing machines, medical technologies, farming equipment, and countless household devices have all contributed to greater comfort, efficiency, and convenience.
Consider the invention of the typewriter in the 18th century, which transformed business communication.
In the 1960s, pocket-sized electronic calculators emerged, followed by computers and laptops.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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