1. What nations produce the largest amount of oil?

2. Middle East Resources

3. Top 10 Oil Producers 2017 in Millions of Barrels/day
Russia
Saudi Arabia
USA
Iraq
Canada 3.12
Venezuela 2.1
Nigeria
Mexico
Angola
Norway 1.57

4. 2013 2017 2. Saudi Arabia 11.59 2. Saudi Arabia 9.95
1. United States Russia
2. Saudi Arabia Saudi Arabia 9.95
3. Russia USA 9.34
4. China Iraq 4.38
5. Canada Canada 3.12
6. U A E Venezuela 2.1
7. Iran Nigeria 1.99
8. Iraq Mexico 1.94
9. Mexico Angola 1.68
10. Kuwait Norway 1.57

5. Hinge
What is an Import?
What is an Export?

6. Top Oil Producers

7. What nations export the most oil? Defend your answer?

8. Top Oil Exporters 2013 in US Dollars http://www. eia
Saudi Arabia: Million
Russia: Million
UAE: Million
Kuwait: Million
Iraq: Million
Nigeria: Million
Qatar: Million
Iran: Million
Angola: Million
Venezuela: Million

9. Top Exporters of 2016 in billions of US dollars
Saudi Arabia
2. Russia
Iraq
Canada
UAE
Kuwait
Iran
Nigeria 27
Angola
Norway

10. Top Exporters 2013 2016 Saudi Arabia: 806.71 M 136.2 B
Russia: M B
UAE: M B
Kuwait: M B
Iraq: M B
Nigeria: M B
Qatar: M B
Iran: M B
Angola: M B
Venezuela: M B

12. What countries import the most oil? Defend your answer!

13. Top Oil Importers in 2013 (billions of dollars)
1. USA: China: Japan: India S. Korea Germany: France: Spain: Singapore Italy 110.6

14. Oil Imports for 2017 China 116.2 USA 108.1 India 60.9 Japan 50.8
South Korea 44.2
Netherlands 29.3
Germany 28.7
Italy
Spain
France

15. Import
1. USA: China China: USA Japan: India India Japan S. Korea S. Korea Germany: Netherlands France: Germany Spain: Italy Singapore Spain Italy France 17.9

16. What Nations Consume the Most Oil?

17. Top Consumers (Millions of Barrels Per Day) 2006 2016
USA 18,490,000 19,631,000
China 9,980, ,381,000
Japan 4,695, ,688,000
India 3,450, ,489,000
Russia 3,395, ,255,000
Brazil 2,864, ,242,000
Saudi Arabia 2,861, ,895,000
Germany 2,389, ,408,000
Canada 2,352, ,343,000
S. Korea 2,322, ,763,000

19. What nations have the largest oil reserves?
Defend your Answer!

20. What is an oil Reserve?
Total proved reserves of oil are generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and geological conditions.

21. Oil Reserves in billions of barrels http://www. businessinsider
Saudi Arabia 265
Venezuela 211
Iran
Iraq
Kuwait
UAE 98
Russia 77
Libya 46
Kazakhstan 40
Nigeria 37

27. Hinge What impact does OPEC have on global trade?
Why is OPEC important?

28. Why is oil so important (to you!!!)?
Why is the Persian Gulf important? (focus question)
What are modern trade routes?

29. Great Britain starts exporting Why would mandates be important?
History of M.E. Oil
Discovered in 1908
Great Britain starts exporting
Why would mandates be important?
Western nations make agreements with Middle Eastern nations
- History of Oil

30. OPEC Middle East nations nationalize after WWII
Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela form OPEC (Org. of Petroleum Exporting Countries) in 1960
Decide price and amount of oil produced

31. Goal is to end power of Western oil companies
Power increases as demand for oil increases
Supply and Demand

32. OPEC Nations

33. OPEC Map thoughts… Why such a wide range of places??

34. OPEC Map thoughts… 1st or 3rd world countries?

36. Oil as a Weapon
1973, OPEC places an embargo on countries that support Israel
1973 oil crisis begins
High inflation results

37. 1973 Gasoline Lines

38. Price of Oil

41. Crude Oil is the main primary product from the Middle East
Secondary products are manufactured from primary products
Petrochemicals are secondary products made from crude oil
– What is Crude Oil, The Atlantic

42. What do we use oil for?
(made in Illinois)

43. Why do oil prices vary so much?
Week to week?
Year to year?

44. Why are oil prices falling… http://oil-price

45. Is the low price going to last?
What should the United States do about the cost of oil and potential shortage?
Is the low price going to last?
What’s going to last??

46. Oil Alternatives