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WC Project

Resources in the Middle East
by

Peter Chase

on 26 April 2010

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Transcript of WC Project

Natural Resources in
the Middle East By Luke, Peter,
and Connor The Middle East is very Rich in Petroleum 32% of the world's known
natural gas reserves are in the region It's also rich in Phosphate.
Morocco has more than half the worlds reserves Water is scarce in the Middle East,
so there are many disputes over the water rights An abundant of the Middle East's
economy is based on petroleum Since the 19th century Europeans
have been trying to take control of the region
to get control of all the resources mainly oil. Europeans use oil for their armies because of the new technology that they have. In the Early 20th century,
America also tried to take control of the oil reserves All the middle east water, comes from outer water sources.
IE: 75% of Jordan's water comes from the Jordan river,
and 60% of Israel's water comes from the same river. The Euphrates river
is also a huge water source America's demand for oil was rapidly growing
so they expanded in the Middle East The Middle East has learned to use their
control of oil as a international strategy, and the prices of
oil rose from 3$ a barrel in 1972 to 12$ a barrel in 1974. Today the
price of oil is approx 77$ a barrel. The money from oil created huge opportunities for
development in those countries where it is most concentrated,
such as Saudi Arabia, Kuwait,
Bahrain, the United Arab Emirates, Qatar, Iraq, Iran, and Algeria. The majority of the Middle East is sorrounded by water,
but very little of this water is actually drinkable. The End
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