1. Warm-up: -What is GDP? -What is HDI?
Purpose: Does a country possessing oil as a natural resource have a positive or negative impact on the lives of people?

2. Top Oil Countries in the Middle East
Evidence A
Top Oil Countries in the Middle East
Rank
Country
Reserves (billions of barrels)
World Rank 1
Saudi Arabia
262.3 2
Iran
136.3 4 3
Iraq
115 5
Kuwait
101 6
United Arab Emirates
97.8 7
Libya
41.5 9
Kazakhstan 30 10 8
Qatar
15.2 13
Algeria
12.70 16
Oman
6.1 20

3. Saudi Arabia

4. Saudi Arabia Evidence B Oil Revenue-342 billion dollars (90% of GDP)
GDP per capita $25,500
25% of the 16 million Saud's live at $500 dollars a month or less!
King Salman is worth about 28 billion dollars
Saudi Arabia’s HDI is 57th in the world

5. Iran Evidence C Oil Revenue-$69 billion GDP per capita-$7,200
14 million Iranians live in poverty (20% of the population)
HDI rank- 76th

6. HDI Ranking Evidence D Country HDI Rank Iraq 131 Kuwait 54
United Arab Emirates 41
Libya 64
Kazakhstan 69
Qatar 36
Algeria 93
Oman 84

7. Venezuela Evidence E GDP per capita $12,950
Oil reserves-#1 in the world!
$88 billion in oil exports
HDI-71st in the world

8. Governments? Evidence F Country Government Saudi Arabia Monarchy Iran
Theocratic Oligarchy
Iraq
New Democracy
Kuwait
United Arab Emirates
Several monarchies
Libya
Kazakhstan
President with unlimited powers
Qatar
Emirate (like a monarchy)
Algeria
Republic
Oman
Venezuela
Failing democracy

9. Evidence G
WHY?????
America and Canada have oil(both are top 10 in production)...what is the difference?????
In the US oil makes up 10% of our GDP
Canada oil makes up 2.9% of GDP
Venezuela 18% of GDP is oil
Iran and Kuwait 50% of GDP is oil
Saudi Arabia 90% of GDP comes from oil

10. Evidence H Country Tax Rates Saudi Arabia 0% Iran
35% (but nobody pays them)
Iraq
24%
Kuwait
0% for workers 15% for oil companies
United Arab Emirates
Libya
? too new to know
Kazakhstan
10%
Qatar
Algeria
35%
Oman
Venezuela

11. YES! So wait...taxes are good?
WHEN A COUNTRY COLLECTS TAXES FROM ITS PEOPLE...THE PEOPLE HAVE A SAY IN THE GOVERNMENT!!!!
Think about how many times you or your parents say: “What the heck are they doing with my taxes?

12. Final Thoughts...
Is oil production good for the people of a country? (NO! Why not?)