GQ: TPS -What do these have in common?

GPS SS7E7 c

Homework Week of 9/14-9/18

• Review all notes on Middle East

• Learn 15 locations in the Middle East – study the map – quiz Friday!

GPS for 9/15• SS7G7 The student will explain the impact of

location, climate, physical characteristics, distribution of natural resources and population distribution on Southwest Asia (Middle East).

• a. Explain how the distribution of oil has affected the development of Southwest Asia (Middle East).

• SS7E7 The student will describe factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and Iran.

• c. Explain the role of oil in these countries’ economies.

E.Qs.

• How has the distribution of oil affected the development of the Middle East?

• How has oil affected the economic growth of Israel, Saudi Arabia, and Iran?

OIL! BLACK GOLD! TEXAS TEA!

Oil in the Middle East

• The discovery of oil in the Middle East changed the way of life for millions of people.

• Many leaders in the region have used the wealth from oil to modernize their nations, while others kept the wealth or used it to buy weapons and build armies.

Distribution of Oil vs. Population in the Middle East

OPEC

• The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

http://www.opec.org/aboutus/history/history.htm

OPEC's Objectives• to co-ordinate and unify petroleum policies

among Member Countries, in order to secure fair and stable prices for petroleum producers

• an efficient, economic and regular supply of petroleum to consuming nations

• a fair return on capital to those investing in the industry.

OPEC Members

State of Israelל א@ Bר Dת יש Hינ Kד Dמ

• Role of oil: Israel’s economy is not based on oil.

• Israel produces almost no oil and imports nearly all its oil needs.

• Israel continues to search for oil.

Kingdom of Saudi Arabiaالسعودية العربية المملكة

• role of oil: oil-based economy

• largest reserves of oil in the world

• largest exporter of oil

• Oil accounts for more than 90% of the country's exports and nearly 75% of government revenues.

Islamic Republic of Iranايران اسالمی جمهوری

• role of oil: oil could help this country’s economy more than it does (poor management)

• 2nd largest exporter of oil

• world's 4th oil producer • Uses more oil than it

exports or produces

• At current rate by 2015 Iran’s oil export will decline to zero

SUMMARY

• What does OPEC stand for?

• What is OPEC’s purpose?

How Has Oil Affected These Countries?

OIL

ISRAEL SAUDI ARABIA IRAN