4.4%
In the Arabic Are, only 22% is located there, but it is the cheapest!
50% , HALF
4.4% In the Arabic Are, only 22% is located there, but it is the cheapest!
Oil deposits exist world wide. USA has it's own oil in Alaska and Texas mainly. The middle east owns much of the worlds oil supply though.
Lots of the worlds oil is still here. We haven't yet discovered all the oil.
Over half of the world's known supply of oil is located in the Middle East region, particularly in countries like Saudi Arabia, Iran, Iraq, and the United Arab Emirates. These countries are known for their vast reserves of oil, making the region a major player in the global oil market.
Saudi Arabia
Much of the oil and natural gas in the US is located in regions such as Texas, North Dakota, Alaska, and the Gulf of Mexico. These areas have significant reserves and production capabilities that contribute to the country's energy supply.
The world's oil supply faces several challenges, including geopolitical tensions that can disrupt production and distribution, fluctuating demand due to economic shifts and the transition to renewable energy sources, and environmental concerns leading to stricter regulations. Additionally, many oil reserves are located in politically unstable regions, increasing the risk of supply interruptions. Aging infrastructure and the depletion of easily accessible reserves also pose significant long-term challenges to maintaining a stable oil supply.
in Siberia
In the Middle East is where most of the oil is found.
Iraq can produce up to 3.4 million?æbarrels of crude oil per day. They supply 3.75 percent of the worlds oil.
stinky