how come there is so much oil in Saudi Arabia?
470657
The perfect Geological combination of source material, good reservoir rock and a good seal material along with the right conditions for the organic material to mature and produce the oil.  Actually has nothing to do with current geography as all this happened millions of years ago when Saudi was seabed.\n\nThe supergiant Gehwar field initially contained (depending on what figures you read) 25% of all the oil on the planet. It alone accounts for the bulk of the worlds daily production of oil, so when it runs out which it will one day the impact will be felt around the world.
656824
Yes and a lot of petroleum.
1009474
THEY HAVE THE SAME MAN CONTROLLING THEIR MONEY, AND THEY ARE GETTING RICHER TOGETHER AS GAS PRICES RISE.  BUSH IS PROBABLY HIDING HIMBSOMEWHERE.  AFTER ALL, HE DID TAKE THE SAUDIS TO TEXAS TO SEE WHERE THEY WANTED THE OIL PIPES TO RUN.
581781
There is NOT a supply shortage. Even OPEC and Saudi Arabia are saying there's no shortage. They are saying the gas prices should not be anywhere near as high as they are. What's raising the cost is that oil companies are gouging everyone because they basically have a collective monopoly, even though they're supposed to be in competition with each other. That's why oil companies keep scoring record profits each year while average Americans are getting poorer.
371774
Iraq still has very large reserves of oil, but due to old equipment and terrorists they don't export alot of it. This will improve over the next few years. Oil reserves in Saudi Arabia and Iran are on the decline even though they still export large amounts of it. At the present time the U.S. doesn't purchase any of Iraqs oil directly from them. All of Iraqs production is committed to Europe and Asia. Iraqs oil that comes to the U.S. is purchased from sources in Europe.
290875
the US gets it's oil from  OPEC ( Organization of Petroleum Exporting Countires). This includes Saudi Arabia, Iran, Iraq and many other middle eastern countires. \nSOme of the oil does come from the south ( texas for example). As to prices google it.
892243
Maybe I am just being naive but it would seem to me that if it was about oil that we would have a lot more troops over there protecting the pipelines. I mean wouldn't that make sense?
542488
Oil is so politicized these days that I'm sure that you will never be told or be readily allowed access to the real story but please keep trying.\n\nBy the way if you think about it, I mean really think about it, oil is too cheap.
1056073
It is a real concern, but whenever someone makes a prediction about when a country of the world will reach peak oil output, they do so with what then is considered a researve.  As the cost of a barrel of oil increases, sources for oil that were once not considered a researve then become on because at that cost it is economically viable to recover it.  With the recent spike in oil prices, North America can now clasify the tar sands in Canada and the oil shales in Colorado oil researves, and that being the case, it is estimated that in the US alone, we now have more economically recoverable oil then Saudi Arabia, the worlds largest exporter.  As the price continues to increase, other marginal sources will become economically viable.  Sooner or later, we will reach a point where there simply isn't enough oil available for any price, but that is still a ways off yet.  I believe that before we reach that point, oil will be more expensive then alternate fuel sources.  Through simple economics, I believe that people will begin using these alternate fuels simply because they are less expensive.  I believe that the high cost of oil will spawn invention and inovation into the energy sector, and I believe that has already begun.  We are working on increasing production of biodiesels and ethenol, and there is increased research into fuel cells and electric autos.  I think the future lies in hydrogen burning technology personally.  We already have engines that burn Hydrogen, but we're still working on the fuel tank dilema.  So, for a long answer, I believe that there is and will be time. I'm looking foward to being put out of buisiness.
389844
The Bush family has made all there money for years of of oil and dirty deeds. If you research it you will find there was a deal with Sadam about a pipe line to be built, And when he refused we went to war!! These oil companies are making record profits!!! No one is doing anything to stop them. And oil is part of the reason we are at war, to control more oil!!
598452
Been out of the industry for a little while now so cant give you precise figures, but what I can tell you is that North Sea crude is pretty much specialised and is virtually all exported.\n\nThe UK exchequer sells our crude for more than we pay to import generally.\n\nIt is not the type of crude which lends itself to petrol production either.\n\nIt was also pretty badly drilled at the time which means that whilst there is actually quite a lot left, most of it will be to difficult and expensive to be extracted, so the supply is diminishing quickly.
481293
There are a lot of events in the Middle East which cause oil prices hit the psychological level of 70 dollars .the main reason is \n"Geopolitics are riding the price" on the concern that Iran s nuclear row with U.S.  oil exports from the world s fouth-largest producer and as a major Nigerian supply outage dragged into a third month .stressing that there was no shortage of crude in the market . As there would not be any supply disruption from iran which pumps around 5 percent of the world oil.And who must take blame for that? its sure thats Bush!
638781
It was another contrived oil shortage like we are in now. The countrys in the middle east got together and stopped production. That shut this country down in three days. But what was not learned is that while their production is down they are making no money either. We could have waited them out and they would never try it again. This oil shortage is differant as they are releasing just enough oil to keep us going and keep prices up.
85711
Only one company runs every thing that is connected to oil... (Saudi Aramco) and its owned by the gov. But has its president and is completly seprated from the gov.\n\nother industries has nothing to do with the gov. unless it effects national security or things like that...
1020011
Saudi Aramco, the national oil company of Saudi Arabia  is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production.  \n Saudi Aramco is responsible for 99 percent of the Kingdom's proven crude oil reserves of 259,200 billion barrels (41.2 109m³) -- about a quarter of the world's total. That is more than double the total of Iraq, the country with the world's second largest reserves, and nearly 12 times the reserves of the United States.  Recent production has averaged some 8 million barrels (1,300,000 m³) per day. That is more than twice the output of the next highest producer and nearly five times greater than the largest U.S. oil company.\nthey expect to double the number of it's oil rigs by the end of this year.
1034282
Could be he knows oil supplies are dwindling in Saudi Arabia where he has co-harts. Knew he had to do something to keep up his flow of money to himself and cronies based on oil production and trade. Somehow I think the Saudi's are in on this somewhere.
475557
You ask a good question. Here in Canada we have enough oil that we could easily do this, but we export it. I'm not too sure why, but I bet it's because other countries pay more for it.