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Which countries import oil from the Middle East?
almost all of the developed nations i.e. USA, Canada, UK, Germany, France, Italy Spain, France, Australia and China (even though it is not technically developed yet)
Who does the USA owe with national debt?
Not much if anything at all. It is the US who is heavily in debt to around 30 different countries, oil exporters, and banks.Its highest debts are to... China, Japan, and Great Britain.The Public Debt of the US as of 25 Feb 2011 at 12:15:28 PM GMT is:$14,132,020,688,467.99.The estimated population of the United States is 310,096,388so each citizen's share of this debt is $45,572.99.The National Debt has continued to increase an average of$4.11 billion per day since September 28, 2007.The US will be heavily in debt for decades.NOTE: Most of the U.S debt it held and owed to it's own people and financial institutions. Approximately 80% to be exact. The debt to other nations is in the form of Treasuries, which no nation can demand payment on until each Treasury matures. That means that no foreign nation can demand payment until such time that those Treasury bills mature; all mature at different times.
What is an oil reserve?
An oil reserve is a discovered but not yet consumed pocket of oil. Reserves are typically in the form of crude oil that is pumped out of the ground as liquid, or tar sand that is mined and later processed into oil.
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.
What did lay your room in oil mean to the colonists?
How did the colonists lay a room in oil
