Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588
Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588

Sample Essay on the Oil Misconception

This sample paper on (Sample Essay on the Oil Misconception) was uploaded by one our contributors and does not necessarily reflect how our professionals write our papers. If you would like this paper removed from our website, please contact us our Contact Us Page.

A Database of over Million Scholarly Resources. Start your Search Now

Sample Essay on the Oil Misconception
  1.  

    Population

    GDP (billion)

    Kuwait

    2,788,534

    172.4

    Qatar

    2,194,817

    210

    UAE

    5,779,760

    401.6

    Bahrain

    1,346,613

    33.86

    Iraq

    37,056,169

    221.1

    Iran

    81,824,270

    404.1

    Saudi Arabia

    27,752,316

    752.5

    Oman

    3,286,936

    77.76

    Total

    162,029,415

    2,273.32

     

     

     

     

    Population

    GDP (trillion)

    USA

    321,368,864

    17.42

    Japan

    126,919,659

    4.616

    Germany

    80,854,408

    3.86

    France

    66,553,766

    2.847

    UK

    64,088,222

    2.945

    Italy

    61,855,120

    2.148

    Canada

    35,099,836

    1.789

    Total

    756,739,875

    35.625

    Source: CIA

    Calculations

    The GDP per capita for the eight OPEC countries in Middle East is 14030.2 and that of G7 is 47076.9. From these two figures, it is clear that the GDP per capita for the G7 is higher than that of the eight OPEC countries. If anything, the per capita for the G7 is 3.355 times the per capita for the eight states. If the misconception surrounding the oil issue in Middle East is true, then the GDP per capita for the OPEC members would be higher than the GDP per capita for the G7. The assumption is that OPEC members would be making more money than G7, but the reality is far from the truth because the case demonstrates the opposite.

    Generally, the misconception has always been that the OPEC members benefit from the oil deposits than anybody else. However, based on the above calculations, it is evident that other countries that do not produce oil benefit more than the OPEC members do. Accordingly, I have learned that the assumption that the OPEC members benefit more than anybody else from the oil deposit is a mere misconception. Instead, the non-OPEC countries benefit more than OPEC members from the tax they levy their citizens. This demonstrates that the perception about the oil deposits in Middle East is far from the truth.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Works cited

    Central Intelligence Agency [CIA]. The world fact book.

Sharing is: CARING

Are you looking for homework writing help? Click on Order Now button below to Submit your assignment details.

Homework Writing Help
We Can Help you with this Assignment right now!
Sample Essay on the Oil Misconception

Are you looking for homework writing help on (Sample Essay on the Oil Misconception)?Well, you can either use the sample paper provided to write your paper or you could contact us today for an original paper. If you are looking for an assignment to submit, then click on ORDER NOW button or contact us today. Our Professional Writers will be glad to write your paper from scratch.

We ensure that assignment instructions are followed, the paper is written from scratch. If you are not satisfied by our service, you can either request for refund or unlimited revisions for your order at absolutely no extra pay. Once the writer has completed your paper, the editors check your paper for any grammar/formatting/plagiarism mistakes, then the final paper is sent to your email.

Privacy| Confidentiality

Sample Essay on the Oil Misconception

We do not share your personal information with any company or person. We have also ensured that the ordering process is secure; you can check the security feature in the browser. For confidentiality purposes, all papers are sent to your personal email. If you have any questions, contact us any time via email, live chat or our phone number.

Our Clients Testimonials

  • I appreciate help on the assignment. It was hard for me but am good to go now

    Impact of pollution on Environment
  • Am happy now having completed the very difficult assignment

    Creative Message Strategies
  • Your writer did a fine job on the revisions. The paper is now ok

    Ethics: Theory and Practice
  • The paper was so involving but am happy it is done. Will reach you with more assignments

    Title: Privatization in or of America
  • I expected perfection in terms of grammar and I am happy. Lecturer is always on our head but was pleased with my paper. Once again, thanks a lot

    Title: Bundaberg Inquiry
  • The paper looks perfect now, thank to the writer

    Health Care Systems
  • You helped me complete several other tasks as you handled paper. wonna thank you

    Critique Paper on Political Change

Related Articles

Sample Essay on the Oil Misconception

Get more from us…

Would you like this sample paper to be sent to your email or would you like to receive weekly articles on how to write your assignments? You can simply send us your request on how to write your paper and we will email you a free guide within 24-36 hours. Kindly subscribe below!

Email Address: support@globalcompose.com