How has oil affected the economic differences between classes in the Middle East? Oil has had very little effect on the gap betw

Question

3 years ago

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How has oil affected the economic differences between classes in the Middle East? Oil has had very little effect on the gap betw

een rich and poor. Oil has made all classes work together to protect the environment. Oil has made everyone richer, reducing the gap between the poor and the wealthy. Oil has increased the gap between the poor and the wealthy.

History

1 answer:

sashaice [31] · Answer 1 · 2022-08-18T13:24:02+03:00

Answer:

Oil has increased the gap between the poor and the wealthy.

Explanation:

As of now, oil is one of the main sources of energy and the middle east has more than half of the world's total oil reserves and it represents about 65% of the total world oil reserves. Saudi Arabia being the far largest producer i.e 42% of the middle east.

U]Iran has 19% of the production, UAE has 11%, Iraq has 6% and Kuwait has 11% and Qatar 4% and Oman 5% of reserves. Thus oil nature of occurrence and nature if demand has led to the gap between the rich and the poor nations.