We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

To what extent did the creation of oil economies influence the societies of the Gulf and/or Saudi Arabia - Essay Example

Comments (0)
The Middle East region, besides the instabilities that have bedeviled the region for many decades, is known to the cornerstone of the world’s oil industry. Many of the countries in this region have managed to develop their economies from huge investments they have made out of…
Download full paper
To what extent did the creation of oil economies influence the societies of the Gulf and/or Saudi Arabia
Read TextPreview

Extract of sample
To what extent did the creation of oil economies influence the societies of the Gulf and/or Saudi Arabia

Download file to see previous pages... The statistics revealed indicate the fact the Middle East regions accounts for more than 37.8 billion barrels in production of the global market for crude oil (Ehteshami 2008, p. 34). Inasmuch as this region has a lot of reserves for oil, it still faces major challenges when it comes to exportation and sale of this crude oil. As far as the oil market is concerned, several factors have been noted to play a major role in transforming many of the states of the Gulf into major energy consumers in the world; some of these factors include a highly growing middle class, increasing populations as well as an equally growing consumerism. This paper examines the extent to which the creation of oil economies has influenced Saudi Arabia and the societies of the Gulf region.
According to King (2006), following the famous oil crises that took place between 1973 and 1974 and again between 1979 and 1980, oil consumers in the world were very intent not to experience the same troubles again. This perspective led to an establishment of two key developments that implied an imperative drop as far as oil consumption across the world is concerned. One of these developments involved finding effective strategies and approaches that could be used in energy conservation and the send being development of alternative sources of energy in order to prevent overreliance on oil since it is a non renewable source of energy. In the second development, this thinking resulted in advocacy for the use of solar energy, coal, nuclear power as well as natural gas.
Until the oil crisis that happened in the 1970s, the global oil consumption has risen by very huge margins. In fact this demand has continued to go higher even after the price increases that were first witnessed between 1973 and 1974 (King 2006, p. 34). During this time, many economies has to change the economic approaches in ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Saudi Arabia. To what extent do non-western approaches in international relations continue to be marginalized
There is a centennial gap between western and non-western approaches in business. It is always hard to tell how to conduct business globally in the modern world, because there are many different perspectives for various activities.
15 Pages(3750 words)Essay
Taxes or tariffs on imports in Saudi Arabia
M/13 of 10/5/1408 H., corresponding to 12/30/1987. Also to order No. 86 dated 10/5/1408 H. (12/19/87) from the Saudi Council of Ministers. These duties of customs were effected starting 13/5/1408 H. Apart from filling a declaration form and providing the necessary customs documents such as the commercial invoice, bill of lading or airway bill and the packing list, Saudi Arabia does not charge duty on most basic consumer products such as sugar, tea, barley, unroasted coffee, corn, and fresh or frozen livestock and meat.
4 Pages(1000 words)Essay
Businesses and Jobs in Saudi Arabia
Saudi Arabia is an oil rich country and its government exercises strong control over the nation’s major economic activities. Saudi Arabia has been ranked as the world’s largest petroleum exporter with 18% of world’s explored petroleum reserves.
3 Pages(750 words)Essay
Social Networks in the Middle East, Gulf and Saudi Arabia
Statistics show that in the recent past there has been a significant adoption and use of social media platforms such as Facebook, Twitter, Google and LinkedIn; moreover, Facebook, Twitter and LinkedIn are the region’s major social network platforms (Richards, 2012).
6 Pages(1500 words)Literature review
Economic Development in the Persian Gulf (Saudi and Iran)
These countries still face the issues like falling per capita income, low GDP, high unemployment and poverty. This paper illuminates the state of economic development in both the countries and presents a comparative analysis of the causes of economic backwardness.
6 Pages(1500 words)Essay
Evaluation of Relative imprtance of Democracy Promotion,Power Politics,and Oil in determining the U.S foreign policy towards Iraq,Saudi Arabia,and kuwait after
and terrorist groups(Talbott and Chanda,2001;Chomsky,2002;Wolin,2002).The United States foreign policy could no longer simply address state actors and disregard non state actors; it could no longer support , or turn a blind eyes towards , oppressive, authoritarian and
12 Pages(3000 words)Essay
Oil trade btween china and saudi arabia
world’s biggest population, and Saudi Arabia, a dominion whose constitution is the Islamic Shari’a, the two countries share extensive resemblance in geopolitical terms (Matthews, 2010). The rising energy demand in China that outstripped domestic supply prompted the
2 Pages(500 words)Essay
How Discovery of Oil Has Affected State Building of Saudi Arabia
The oil discovery in Saudi Arabia contributed greatly to the formation of the state and to the shaping of its economy. Prior to the oil discovery in the Arabian Peninsula, it was difficult to think of a united Saudi Arabian state and economy. Separate regions were dependent on different resources and had differentiated human and economic activities.
1 Pages(250 words)Essay
Oil Production In Saudi Arabia
Saudi Arabia is known to be a leading exporter of gas and oils, estimated to be 18% of all exported oils in the world. Within its boundaries oil and gas contributes to 50% of Saudi Arabia’s gross domestic products
2 Pages(500 words)Essay
UAE and Saudi Arabia Governments
There are a number of similar actions and systems exhibited by both the UAE and Saudi Arabia governments. The similarities can be attributed to their geographical proximity, same language and religion, and similar cultures. The first similarity is that there are no political parties in the two nations.
1 Pages(250 words)Essay
Let us find you another Essay on topic To what extent did the creation of oil economies influence the societies of the Gulf and/or Saudi Arabia for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us