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Middle east - Admission/Application Essay Example

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Oil production is said to run almost everything and the production endeavors of these three nations has greatly influenced their success for the last couple of decades (Stevens 6). In these…
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Middle east

Download file to see previous pages... The three nations have also benefited greatly with the technological development brought by their oil production endeavors. UAE, in particular, has one of the most technologically-developed cities the world over and this is thought to be influenced by the money brought to the nation by oil (Stevens 24). Today, Saudi Arabia stands as one of the nations that can heavily dictate the worlds economy. This is because the country produces the most oil in the world and any slight change they make in prices can affect the entire world. This makes them overly influential (Stevens 25).
The main negative effect that this great oil production endeavor has brought to Middle East producers is that they Westerners have sought to control then for the last few decades to amend oil prices to their advantage (Stevens 26). They do this by controlling a majority of the stakes at significant bodies such as OPEC among others.
Stevens, Paul. "National Oil Companies and International Oil Companies in the Middle East: Under the Shadow of Government and the Resource Nationalism Cycle." Journal of World Energy Law & Business 1.1 (2008): 5-30. ...Download file to see next pagesRead More
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