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Which discovery greatly affected the economies of many Middle Eastern countries?
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
Which discovery greatly affected the economics of many Middle Eastern countries?
The discovery of oil affected the economies of the Middle East greatly. Since the world needs so much oil to function as it currently does, the Middle East found itself with a very important and very necessary commodity.
The economy of Alaska affected in the 1960's by the discovery of what?
oil
The economy of Alaska was greatly affected in the 1960s by the discovery of?
Oil
What historical event affected the drilling of oil in Texas in 1900?
Discovery of Powell oilfield
How has the discovery of oil in southwest Asia affect the economic development of the area?
The countries with oil reserves are much richer than those countries that have not found oil in their territory.
What brought wealth to the Persian Gulf countries?
Discovery of oil brought wealth.
How has the oil affected the economies of the region?
Since the discovery of oil in the middle east, all of the countries that had the good fortune of finding oil experienced a boom in their economy. A boom in job offers coincided with this as well. The only ill effect, however, was that neighboring countries felt tension.
How has scarcity of oil around the world affected such countries as Iraq and Kuwait?
They used the oil for Trading.
How did the discovery of oil change the Arabian Peninsula?
It made the countries on the Arabian Peninsula much more wealthy.
How has oil production affected some countries in southwest Asia?
Oil was first discovered in Southwest Asia in 1908. Since then, oil fields in many regions of Southwest Asia have been found, and other countries rely heavily on Southwest Asia for oil to meet the demands of their economies: transportation requires gasoline (which is oil in a refined form) and power plants burn oil to produce electricity. Specifically, the United States, Japan, and many European countries heavily depend on Southwest Asia for oil because it is home to such vast amounts of petroleum. So, Southwest Asia's oil fields are important to many countries' economies, and thus the world economy, making Southwest Asia very important in terms of world position. For more information on oil in Southwest Asia see the Related Link below.
What do the function regions of the Middle East focus?
war and oil. most of the countries there are devastated by poverty and war.
