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What else can I help you with?
Did OPEC give importing countries more control over the price of oil?
No. It gave oil exporting countries more control over prices.
Why is oil money increasing?
the price of oil is increasing because there is lacking of oil in countries so the country you stay is importing oil that is why the money is increasing.
Why does the u.s depend on foreign countries for oil?
The U.S. depends on foreign countries for oil due to factors such as insufficient domestic oil production to meet demand, geographic proximity to oil-rich regions in the Middle East, and cost competitiveness of imported oil. The global nature of the oil market means that supply and demand dynamics influence the need for importing oil from other countries.
What countries trade with Norway?
Norway sells oil to most oil importing countries and metal products to other countries, so all in all there must be very few countries that doesn't buy Norwegian products.
How might pursian gulf be affected if oil-importing countries begin turning to alternate energy sources?
The Gulf countries would become very poor.
What are the five countries that produce the most oil?
The five countries that produce the most oil are the United States, Saudi Arabia, Russia, Canada, and China. These countries have significant oil reserves and infrastructure to extract and export oil on a large scale.
The Middle Eastern countries are the largest exporters of?
oil
When did we start importing oil?
The United States began importing oil in the mid-19th century, with significant imports starting around the 1860s as oil production expanded. The discovery of oil in Pennsylvania in 1859 marked the beginning of the oil industry, and by the late 1800s, the U.S. was importing crude oil and refined products primarily from countries like Canada and Venezuela. The trend of increasing oil imports continued throughout the 20th century, particularly after World War II, as domestic consumption surged.
Which four countries have the largest oil deposits in the world?
Russia, Iran, USA and Malaysia.
In what countries are the largest oil reserves?
See the related link.
What are the five top crude-oil producing countries?
The top five crude oil producing countries are the United States, Saudi Arabia, Russia, Canada, and China. These countries account for a significant portion of global crude oil production.
What are the five oil importing countries to the us?
There are no absolute five, but most of our oil comes from OPEC. (Organization of Petroleum Exporting Countries) OPEC is made up of small middle-eastern countries that are small in size, and have few sources of external revenue other than oil. They export not only crude oil, but gasoline as well. It was OPEC in the 70s during Carter's term that made gasoline expensive. The US also gets oil from some of its own reserves, such as those in Texas, the West, Alaska, and some offshore drills in either the Gulf or off the coast of Alaska. The US government wishes to conserve US oil for as long as possible, however, and chooses to get most of its oil from outside sources. As of July 2005 the USA imports petroleum (including crude oil) from these top five exporting countries. (It also imports from 10 other countries, in smaller amounts) '''Country (Thousand Barrels per Day)''' * Canada (2,079) * Saudi Arabia (1,689) * Venezuela (1,623) * Mexico (1,593) * Nigeria (1,156) Source: www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html Uisge
