The Crisis Of Nigeria, Azerbaijan, Sudan, And Lebanon Essay

Currently Saudi Arabia is one of the leading producers of oil in the world. However, it is losing its foothold on the market. Many countries, like North America, are increasing their oil production and are looking for ways to become less dependent on foreign oil. The increased competition has caused oil prices to decrease. By producing their own oil, countries not only will increase their revenues, but will also reduce their need to rely on foreign oil. By reducing their need foreign an oil a country does not have to worry that their oil supply will be cut off if they go to war.

One of the United Stated main problems with oil is when the country has to burn fossil fuel to produce oil. Burning fossil fuels can contaminate the air and can hurt the individual's health. The US receive their oil from many different countries but, their most significant imports are Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria. The US averaged GDP is worth 6770.94 USD Billion from 1960 until 2016. The US generates their electric power by fossil fuels.

It is also used to make some chemical products, such as detergents and paints. Every country in the world uses oil, however, many countries do not produce it. The top Countries that produce a large quantity of oil in the world include China, Saudi Arabia, United Stated, and Russia, and the top countries that consume tons of oil every day include China, Russia, United States, Japan, and Germany. Some studies showed that by 2039, the world might face oil crisis due to the current rate of oil consumption (Oilprice, 2009).

Niger Delta region, placing the Nigerian oil output down to a third of its capacity” (Klare 3).

Middle East is strategically important region where mostly world half of oil reserves are located. Three countries: Saudi Arabia, Iran and United Arab Emirates accounted for 57% of total Middle East liquids fuels production. (Liquid fuels production in Middle Eastern and North African countries n.d.) Although due to increased domestic production of petroleum and natural gas, the United States is reducing its dependence on foreign oil with imported liquid fuels, but still oil means a lot to the US as oil prices is determined internationally by what is available for all global consumers. Therefore, to safeguard the security of Oil supply in the Middle East and ensure stable access to affordable oil is in the vital interest of the America. (Mexican crude oil shipments to Europe and Asia are rising as U.S. imports fall

General J.H. Binford Peay III told a House subcommittee in 1997. “With over 65 percent of the world’s oil reserves located in the Gulf States of the region – from which the United States imports nearly 20 percent of its needs; Western Europe, 43 percent; and Japan, 68 percent –

United States, China and Russia are the top 3 producers of Oil shale in the world. Oil shale is important because of its usage and economical factor , It can be transformed or treated into diesel and jet fuels or petrol. Oil shale was deposited in the Songlio Basin(NE china) during the upper cretaceous period, representing an excellent hydrocarbon source of rocks.

Oil-The article”OPEC #1”explains the oil prices.The Oil of the Middle East is the price of oil has fallen by nearly half in just six months.Anyone who buys oil or gas is happy because the prices are low.Car and truck drivers, airlines, and shipping companies are all happy because they don't have to spend as much money on gas. Oil companies are not very happy. They are losing money.A barrel of oil now costs $58 and last summer it was $107.Oil prices have gone down and people are happy,at least some of

After the Industrial Revolution first and second world countries have been heavily reliant on oil. This has led to a total (as of 2014) of

The countries that are rich in oil now face the problems offluctuating prices as well as depleting their reserves, so maybe one day the oil poor countries’standards of living will surpass the oil dependent countries in Southwest Asia and North

The top 10 place oil is mostly found is in Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait, UAE, Russia, Libya, and the United States. I found this out at (wikipedia.org). The reason for this is the geologic features the states have. That is why those 10 place have so much fossil fuel like oil and gas.

As of now, Venezuela has the most oil, containing 298. 4 billion barrels of oil. The second country is Saudi Arabia with 268. 3 billion barrels of oil. A couple of years ago, about January 2011, Saudi Arabia had the most oil, but then Venezuela announced that they did. “With over 298 bbl of proven reserves, Venezuela is recognized as the country with the highest volume of proven oil reserves in the world today. This has been a rather recent distinction as, until the turn of the last decade, Saudi Arabia held that place by quite some distance,” (http://www.worldatlas.com/articles/the-world-s-largest-oil-reserves-by-country.html) explains how Venezuela took the top poistion of having the most oil. The countries, in order from greatest to least, follow Saudi Arabia in the top ranks of oil: Canada, Iran, Iraq, Kuwait, Russia, United Arab Emirates, Libya, Nigeria, United States,

Venezuela main issue it became to over-reliant on its oil industry. Oil produced from tar sands are arguably the most demanding to extract and the most expensive. In addition, the oil even when mined from the ground is very heavy and has to be mixed with other type of oil so it could be used.The government neglected other industries like Farming, manufacturing and depended on gains from its oil export. In contrast, Saudi Arabia one of the major producer of oil production in the world produces oil lesser than Venezuela because of the efficiency of their oil companies like Saudi Aramco, although saudi Arabia more is more obtainable. Despite the

oil in Nigeria. Nigeria’s large supply of high quality crude oil helped Shell climb to the top,

Nigeria is an Agricultural and oil rich nation but characterised by Political instability, corruption, poor