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Do other countries want your oil?

Updated: 8/17/2019
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Q: Do other countries want your oil?
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What does the middle east have that other countries want?

oil


Why do countries want oil?

All countries want oil because all countries use oil as a fuel source


How is oil used in other countries?

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What are the advantages for countries to have deposits of coal and oil?

for example, they can develop their own industries without depending on other countries. Transportation will be less costly for countries with these resources. Other countries will pay for oil and coal.


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Oil discovered in Malta, no. Malta gets oil from other countries.


What is the major influence of crude oil prices?

A major influence of crude oil prices is the price of oil to export it from other countries. It also has to depend on the relationship countries have with each other.


How has having large oil reserves affect the regions relations with other countries?

Having large oil reserves can impact a region's relations with other countries in several ways. It can lead to increased strategic importance and influence in global politics. Countries with large oil reserves may also experience tensions and conflicts with other nations vying for access to those resources, as well as dependency issues if there are economic or political disputes. Additionally, having large oil reserves can make a region vulnerable to exploitation by foreign powers seeking to control or manipulate the oil supply.


What do we buy from countries in the middle east?

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