Short Answer - Hugereserves Easytoretrieve o Sweetoil o...

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Why has the ME become the center of world petroleum activity? Huge reserves Easy to retrieve o Natural gas pressurizes oil wells and makes it easy to get out “Sweet” oil o Low sulfur content o Easily refinable Located along the gulf o No long pipelines o Easy to get to ports to distribute Oil worker swill work for cheap ME is relatively close to hungry oil markets Provide three examples of oil as a foreign policy tool OAPEC oil embargo against the US in protest to our support of Israel during Arab Israeli War 1979 Iranian Revolution, Iran withholds its oil from markets to punish countries  that supported the Shah Price manipulation o Saudi Arabia is able to vary oil cost because they hold so much How do Iraq, Iran, and Saudi Arabia differ in their oil production and export? Extremely large oil reserves One of the largest oil producers Way below production capacity Oil is concentrated in northern Kurdish Iraq and Shiite southern Iraq What factors impede the growth of Iraq’s oil industry? Fighting in the territory Instability of government Little investment in pipelines, refineries, etc. Poor investment climate What effects have oil had on Saudi Arabia?
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