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How did oil change life in the Middle East?

Anonymous

∙ 7y ago

Updated: 8/23/2023

The presence of large deposits of oil changed the lives of the people of the Arabian peninsula by its growth in global importance. Their nations make almost all of their export money and a large share of GDP from oil, so oil prices are very important to them.

Wiki User

∙ 13y ago

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What two things are scarce in the Middle East?

The most valuable resources in the middle east, are Water and Oil.

Is Iraq in the Middle East?

Oil.

Whats the main source of wealth in the middle east?

Oil

What in the Middle East was not directly influenced by oil?

Virtually nothing.

Why are most OPEC countries located in the Middle East?

That is where the oil is

Where does the US get much of it oil from?

the Middle East

Why is the middle east said to have a comparative advantage in producing oil?

Middle East nations can produce oil less expensivelyNova Net Answer: Middle east nations can produce oil less expensively.

Why was the middle east said have a comparative advantage in producing oil?

Middle East nations can produce oil less expensivelyNova Net Answer: Middle east nations can produce oil less expensively.

Where does the United states get much of its oil from?

Middle East

Do they buy the oil from middle east?

Many countries by oil from the middle east. (70% of all countries) :)

What country in the middle east is the leading producer of oil?

Saudi Arabia is the leading producer of oil in the Middle east.

What is the Middle East nation that you get oil from?

Nations around the Persian Gulf are the big producers of oil in the Middle East.

What union was developed to control the production of oil in the middle east?

middle east

What is the richest resource in the middle east?

Oil is the richest resource in the middle east.

What is the major industry in the Middle East?

Oil and Gas is the top industry in the Middle East.

Which natural resources is abundant in the middle east which one is scare?

Oil is abundant in the middle east Water is scarce in the middle east

Who is responsible for the digging oil in the middle east?

The oil workers

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