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.
The 12 OPEC countries control 79% of the worlds crude reserves and 44% of the worlds crude oil and the most oil rich of these is Saudi Arabia. The related link below gives exact data (note the positions of Venezuela and Saudi should be swapped on the basis of the figures provided there).
oscarkoko@yahoo.com
Society depends on oil production, so science can be useful when it comes to developing an oil based technology. Planning ahead can help scientists discover and alleviate problems with oil production,
The supply voltage for an oil furnace typically operates at 120 volts in North America. However, some systems may use 240 volts, particularly larger units or specific components. It's essential to check the manufacturer's specifications for the exact voltage required for a specific oil furnace model.
The Druzhba pipeline is the world's longest oil pipeline in fact one of the biggest oil pipeline networks in the world. It carries oil some 4,000 kilometres (2,500 mi) from the eastern part of the European Russia to points in Ukraine, Belarus, Poland, Hungary, Slovakia, Czech Republic, andGermany.
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.
Iraq can produce up to 3.4 million?æbarrels of crude oil per day. They supply 3.75 percent of the worlds oil.
stinky
The world's largest supply of oil is recorded in Saudi Arabia, which holds the largest proven oil reserves globally. Saudi Arabia has vast amounts of oil reserves that have been a key factor in its prominence as a leading oil-producing nation.
Opec controls significantly less of the worlds oil supply than it used to. As many countries that have discovered oil have not joined OPEC.
Siberia definitely produces most of the worlds oil
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.
The face pollution, human interference, lack of food supply in some cases, and oil.
Saudi Arabia