Friday, 5 February 2010

Got Oil?

After WWI, the United States realized that the Middle East actually had a value. They were able to help the Gulf countries discover oil in their region. America then took their chance and was able to make good relations with the gulf countries especially Saudi Arabia. Saudi Arabia then made a company called Aramco which was specialized in extracting and exporting oil in the region. The other Gulf countries also made a big fortune from their discovery of petroleum.
The current situation now as time passed has developed into something I would call, a drying oasis. The oasis, or the oil, is the main resource the gulf countries depend on and virtually is the one of the other dew resources they have, making it, a desert. . The oasis is drying because the vacuum, otherwise known as the clients, is sucking the oil out. America is the main consumer of the oil that comes from the Middle East and a large part of its economy is dependent on the region. The recent ups and downs of the economy have affected the Middle East and have led to the rise of the price of the barrel of oil. Researches also say also because the demand went up, the price went up. These changes in the economy and the price of oil give a tug and war effect, where the price of oil goes back and forth, rising, then decreasing unexpectedly.
According to several documentaries on the oil in Saudi Arabia, Aramco is one of the most successful companies in the world. It has the ability to extract the most oil in a day in the world. Oil, being the “black gold” has given the advantage for the gulf countries to be able to control the economy of the world. Yet, they have not taken that chance. One of the kings of Saudi Arabia once decided to stop trading with the United States for various reasons and led to a halt in the world economy. Although America extracts a convincing quantity of oil, they cannot continue their trade without the Middle East.
Oil has given the Middle East the chance to give a word in the world and for it to succeed economically. Oil has been good news since the time it was discovered. But it has also led to different conflicts between the United States. For example, Iraq, many people believe that the US entered Iraq for the immense oil Iraq contains. These conflicts must be avoided because the Middle East, in my opinion has the ball in the court and can do what it pleases if done wisely and correctly.

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