Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
economic impact of oil in the middle east
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: economic impact of oil in the middle east
Qatar is a peninsula that is coastal to the Persian Gulf near Saudi Arabia, the United Arab Emirates and Bahrain. Qatar is known as the third largest country with natural gas reserves world-wide. It also holds home to the world’s largest non-associated natural gas reservoir that is called North Field. In this paper I will be talking about oil and its impacts on the economy and the environment in the country of Qatar. As a country Qatar’s economy depends highly on oil and natural gas. In other words, if Qatar no longer had any oil or natural gas left than Qatar’s economy would collapse because the biggest part of their economy would no longer exist. If this was to happen Qatar’s population would decrease dramatically because most of the inhabitants …show more content…
Soil trials were taken all over the Qatarian peninsula to test the radiation levels in the soil. One of the trials ended up being higher in radiation than all the other trials, all were taken from a coastal oil field and was automatically assumed that Tenorm was the cause with the mobility of Ra in oil-field rocks. There should have been more trials where the soil tested high in radiation. A trial investigation of metals in marine life occurred because of the 1991 oil spill. The only creature that was affected by this oil spill was the muddy lobster. The muddy lobster Hg and Cd levels were higher than they were before, but since they were the only species with a problem, it was thought other factors resulted from the higher levels of Hg and Cd. Since they do not know exactly what caused the Hg and Cd levels to spike they determined it was not because of the oil spill, but they do not know if it was a combination of factors with the oil spill that caused …show more content…
“To meet the requirements for wind energy one must have 2.54 m/s at 10m height. Doha’s highest wind speed is 5.2 m/s and the lowest wind speed is 3.5 m/s. Haloul highest wind speed is 7.1 m/s and the lowest wind speed is3.1 m/s.” Wind power can be accessed from Qatar. In conclusion in this paper I talked about oil and its impacts on the economy and the environment in the country of Qatar. Qatar’s economy cannot support its city population if it were to run out of oil. Qatar has a lot to offer from oil, gas, and wind energy. This is why people come to Qatar, for jobs in energy. The economy is based on energy resources, which could be Qatar’s economic downfall in the far
The United States has had several scares throughout its history in terms of oil, most turn out to be over exaggerations of a small event. However, these scares highlight a massive issue with the U.S. and that issue is the U.S.’s dependence on foreign oil. Why does it matter that our oil should come from over seas? In a healthy economy this probably wouldn’t be as relevant, but the U.S.’s economy is not exactly healthy at the moment. There are 4 things that I would like to address: what the problem is, how it affects us, what some solutions are, and what solutions I feel are best.
In conclusion, Oil impacted social change over time, which helped us grow as a society. If you took my proposal into consideration I would really appreciate it. My proposal is going to have all of the factors of Oil and how oil has change our state. After reading the documents that you have given me I was able to answer question “What story should be told”. As H.L hunt always said “money is just as way of keeping score”. - H.L
Whether we get around by car, bus, or plane, oil is an important factor in most people's lives. The demand is huge, and prices have shot up fast, making us now seek sources for oil in other countries or by drilling offshore. This essay will address the issue from Taking Sides (2013) of “Should we drill offshore for oil?” First, I will talk about the benefits of offshore drilling, economically and socially. Next, I will talk about various arguments against offshore drilling, paying special attention to possible environmental threats. Finally, I will say my personal beliefs, taking both sides into consideration.
Indeed, the U.S. Department of Energy (DOE) predicts that domestic petroleum consumption will increase to 60 Btu by the year 2025. This statistic, in and of itself, is a matter of concern with respect to the greenhouse gas emissions that result from petroleum combustion. However, perhaps more disconcerting is the fact that U.S. oil production peaked in 1970 and has continued to fall since then (Campbell et. al., 1998). Therefore, the American public has turned to foreign oil, in particular Middle Eastern oil, to supplement its increase in demand. In an age where terrorism is at the forefront of people's minds, we still continue to import oil from the same nations that supposedly harbor so-called terrorist groups. The fact is that we are unwilling to responsibly face our energy future and instead choose to maintain a policy of increasing oil supply through importation.
" Oil is the life blood of our modern industrial society. It fuels the machines and lubricates the wheels of the world’s production. But when that vital resource is out of control, it can destroy marine life and devastate the environment and economy of an entire region…. The plain facts are that the technology of oil-- its extraction, its transport, its refinery and use-- has outpaced laws to control that technology and prevent oil from polluting the environment…" (Max, 1969). Oil in its many forms has become one of the necessities of modern industrial life. Under control, and serving its intended purpose, oil is efficient, versatile, and productive. On the other hand, when oil becomes out of control, it can be one of the most devastating substances in the environment. When spilled in water, it spreads for miles around leaving a black memory behind (Stanley, 1969).
This paper will explore the reasons for why the Oil Crash is a social problem and try to come up with solutions as to what we can do in order to keep our civilization going the way it is, keep the stability of the economy and sustain the natural environment. Sustainability means that we should be able to meet the demands of our current lifestyle and live an adequate life while also allowing the future generation to do so in their time without compromising them (Oskamp, p.496). There are many ways in which the society can get affected if it crashes from the oil crash. Increased unemployment, poverty, bankruptcy are all things that occur when society collapses (Savinar, 2006). The problem here right now is that not 1 out of 100 people know of the problem we are facing and if we wait until peak oil to come before we start looking for any solutions, there will be very serious economic consequences (Bartlett, 2006). Through this paper, I will be first pointing out all the facts of what problems will arise once we’ve reached peak oil and used up most of it. Then the second part of this paper will try to focus on what solutions we can come up with to prevent this and sustain our current lifestyles.
The U.S dependency on foreign oil presents many negative impacts on the nation’s economy. The cost for crude oil represents about 36% of the U.S balance of payment deficit. (Wright, R. T., & Boorse, D. F. 2011). This does not affect directly the price of gas being paid by consumers, but the money paid circulates in the country’s economy and affects areas such as; the job market and production facilities. (Wright, R. T., & Boorse, D. F. 2011). In addition to the rise in prices, another negative aspect of the U.S dependency on foreign crude oil is the risk of supply disruptions caused by political instability of the Middle East. According to Rebecca Lefton and Daniel J. Weiss in the Article “Oil Dependence Is a Dangerous Habit” in 2010, the U.S imported 4 million barrels of oil a day or 1.5 billion barrels per year from “dangerous or unstable” countries. The prices in which these barrels are being purchased at are still very high, and often lead to conflict between the U.S and Middle Eastern countries. Lefton and Weiss also add that the U.S reliance on oil from countries ...
First, it increases the cost of production for the firms which might discourage them to produce and in extreme conditions force them to shut down. This might affect Qatar’s economy as the manufacturing sector is the third-largest contribution to GDP. The citizens of Qatar might face a shorter variety of products due to shutting down of firms which might decrease spending and the circulation of money. Moreover, the government will need advanced equipment to measure the pollution levels and as there is potential for hiding pollution levels, the job will be even time consuming. Difficulty will be faced in finding any sort of common ground on which firms should reduce their emissions and how much they should be required to
* Most agriculture, fish and water resources have either reached their limit or are declining, despite a growing population. (3)
There are several countries that make up the world. Yemen intrigues several people with its rich history, interesting local activities, and unique culture. Yemen is a Middle Eastern country with a very interesting culture. They do things that are very rare to see here in the United States.
The current world dependence on oil leaves much to be said about the impact of Saudi Arabia and the Middle East on foreign policy and international politics. Presently the world's largest consumer of oil, the U.S. depends on Saudi Arabia and much of the Middle East for the energy to run its businesses, its homes, and most importantly, its automobiles. In the past few months U.S. consumers have felt the pressures of increasing gasoline prices as they struggle to commute and live their daily lives. This leaves the U.S. with important decisions to be made on behalf of its citizens and its position in the international realm.
Over the past 200 years, mankind discovered the fossil fuels and they used this source to produce hug energy. This affects the environment in many negative ways and caused many issues worldwide such as urban air pollution and acid rain, oil spills and the high temperature of earth. Saudi Arabia has the biggest oil reserves in the world by 19.66% (the world factbook, 2011) and the second oil producer country in the world with roughly 10.121 million barrels a day – which account for 12% of the total world production of oil in 2010 (Fontinelle,2011). Moreover, the country relies heavily on oil industry. And the most successful companies in the country are thus whose work in oil industry such as ARAMCO Company. The reason behind this success is because most of these companies get financial support and attention from the Saudi government and sometimes the government owes these companies. Because of the massive reserve of oil and the high income that generated from oil, the country has less attention to seek for other sources of clean energy such as solar energy and wind energy which leads to the increase of air pollution in the country. However, oil is expected to last in the next 50 to 100 years (Hubbert, 1956). Furthermore, the International organizations have made many decisions to protect the environment and environmental resource such as Kyoto Protocol which decided to raise the use of solar energy to 50%of the total global energy use by 2020 (UNFCCC ,2005 ). Recently, these issues lead the Saudi government to realize problems, such as air pollutions, and start to invest in clean energy area but not as expected. These days many people in Saudi Arabia argue the uses of clean energy and replace with the fossil fuels. And they d...
The importance of oil to the modern world is unique in character and far-reaching in scope. It is a singularly autonomous variable in the world economy and it is used inter alia for transportation, heating and production.
There is no doubt that, Qatar now is one of the most advanced countries not only in the Arab world but, also in the world. Qatar faced many difficulties to be one of the most advanced nations since the second world war when the pearl price collapsed and exports had been harmed(P:1), but the Qatari people did not yield to that situation. Most of the Naim left Qatar decades before the oil boom(P:3). A similar pattern of tribal groups being incorporated into the state while also losing some of their formal power. Qatar is a stable country and many political scientist at one time predicting its fall, now predict a long- term future for Qatar's existing political system(p:5).
An influential study by Sachs and Warner (1995) showed that countries’ rates of economic growth in the 1970 and 1980s were strongly and negatively affected by their natural resource dependence. According to Pomfret (2006), oil-producing regions seem to have not experienced any sustained employment growth and furthermore, poverty and inequality remain worse in oil-producing regions than in non-oil regions. Schubert (2006) has pointed out that oil dependent states have performed 1.7 percent worse in terms of economic growth than non-oil states in recent years. Most oil countries ...