Essay Samples on Oil Crisis

Reasons for Wordwide Dependendance on Oil

The producers of oil can highlight just how dependent on oil the world is. Saudi Arabia and UAE are strong countries and filled with wealth mostly because they have a plenty of oil. Countries such as Algeria, Azerbaijan, Brunei Darussalam, Iraq, Kuwait, Libya, Sudan and…

Economical Effects of OPEC Oil Crisis

One of the most important commodities worldwide is crude oil. It is a main chief source of energy, contributing to a staggering 56% of total energy consumption.[1] Oil is a major source of energy because, unlike other sources, it is much cheaper. Much of the…

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