DOMINANT MIDDLE EAST OIL RESERVES CRITICALLY IMPORTANT TO WORLD SUPPLY

Joseph P. Riva Jr. Congressional Research Service Library of Congress Washington, D.C. The location, production, and transportation of the 60 million bbl of oil consumed in the world each day is of vital importance to relations between nations, as well as to their economic wellbeing. Oil has frequently been a decisive factor in the determination of foreign policy. The war in the Persian Gulf, while a dramatic example of the critical importance of oil, is just the latest of a long line of

Sep 23rd, 1991
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