80 of export earnings o 20 of GDP Iraq o 75 of GDP Nigeria UAE Angola Venezuela

80 of export earnings o 20 of gdp iraq o 75 of gdp

This preview shows page 4 - 5 out of 5 pages.

80% of export earnings o 20% of GDP Iraq o 75% of GDP Nigeria UAE Angola Venezuela Norway Canada Mexico Top 5 consistently: Saudi Arabia, Russia, Iran, Nigeria, UAE These are countries that have an excess of petro, and/or low population so not a high demand Also some countries that are not as industrial, not as manufacturing based, not as many cars, not the same standard of living, not as much of a demand for oil Nigeria o 90% of export earnings is oil o 35% of GDP African countries that export o Angola 45% of GDP o Algeria 70% of GDP Venezuela o 95% of the export earnings are oil o 25% of their GDP Central Asian states Mexico Libya o 95% of export earnings is oil o 50% of GDP OPEC-Organization of the Petroleum Exporting Countries Ecuador Venezuela Angola Nigeria Algeria Libya Iraq 4
Image of page 4
Iran Kuwait Qatar UAE Saudi Arabia All in the top 30 Essentially controls the price of oil period 5
Image of page 5

You've reached the end of your free preview.

Want to read all 5 pages?

  • Fall '08
  • Saudi Arabia, motor oil

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes