Wednesday, April 28, 2010

How are oil prices in the Middle East?

And what do the Middle Eastern governments do with their oil revenue?How are oil prices in the Middle East?
I heard the other day that gas in Saudi Arabia was (US $ equivilent) to $0.54 per gallon. Venezaula, which is the major oil producing nation in South America is paying $0.17 per gallon.


In the arab world, most oil revenues go straight to the top. The Saudi Royal Family has over half of the nations wealth. They live lavish lifestyles beond most peoples dreams, while most of the citizens are extremly poor.How are oil prices in the Middle East?
ok if you are asking in jordan...


i full my car which is ';nissan Micra'; with 25JD...that makes it in dollars it means 17.5 $


but if we go to saudia arabia then to full my car then i can exactly full it with 2$... do you know that gas in saudia is cheaper than water


can you imagine that....


may god help usssssss here....
Its $1.70 / Gallon of Oil. or 4.55 Litres for $1.70. what the ME govts do with the revenue... they invest in modernizing their countries and invest in EU and USA. Approx. 16.5 % of USA's GDP is Saudi Money
Soon to be irrelevant once





the American's





resume harvesting their own oil





and





building hundreds of new nuclear power plants for their new fleet of hydrogen cars.








(they already build most of the world's nuclear power plants)
Well, all I know is there is a lot of oil in the middle east, and much in Saudia Arabia, and the U.S. is trying to get it's hands on it.
i believe there is a graph with gas prices on wikipedia...i think i remember seeing middle east gas prices are extremely low
Even more expensive than the U.S.


well.. at least in Jordan it is.
why do you care?
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