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Oil Dependent Countries

Name the countries whose exports are at least 50% oil and natural gas.
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$
Country
%
208 bil
78.9
89.1 bil
53.0
53.7 bil
85.9
47.7 bil
98.0
46.2 bil
89.6
46.1 bil
74.7
36.8 bil
60.7
35.5 bil
91.4
29.1 bil
82.6
28.9 bil
94.5
27.3 bil
95.2
$
Country
%
24.4 bil
63.4
12.6 bil
89.6
7.39 bil
87.0
6.76 bil
92.7
4.70 bil
84.8
4.67 bil
67.5
4.60 bil
87.6
3.91 bil
73.2
1.50 bil
93.3
1.46 bil
99.8
0.064 bil
64.5
Answer Stats
$
Country
%
% Correct
Your %
+2
level ∞
Jun 7, 2017
Nearest misses: Colombia, Russia, and United Arab Emirates
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+1
level 67
Jun 7, 2017
Bahrain?
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+1
level ∞
Jun 7, 2017
Hmmm... Apparently our source doesn't have good data for Bahrain. But I don't think it qualifies based on this:

https://en.wikipedia.org/wiki/Economy_of_Bahrain#/media/File:Bahrain_Export_Treemap.png

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+1
level 44
Jul 1, 2017
Bahrain is famously the only Gulf state with not much in the way of oil. The UAE is not on this list because of its diversified economy.
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+1
level 47
Oct 5, 2017
Bahrain used to have large oil reserves but they are mostly used up now.
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+2
level 70
Oct 5, 2017
Bahrain was the first place on the Arabian peninsula to develop its oil resources. They're all but gone now. They've got a Russian prostitute based economy these days.
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+1
level 74
Jun 8, 2017
Jeez... South Sudan you gotta diversify that economy of yours.
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+5
level 44
Jul 1, 2017
Give them a chance, world's newest country devastated after decades of civil/independence wars....
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+6
level 47
Oct 5, 2017
Yeah, just surviving would be cool, for now.
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+1
level 53
Oct 5, 2017
Not a lot else in that area, resource wise.
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+1
level 70
Oct 5, 2017
1.4 billion dollars is a pretty tiny amount of oil... they just have no other industry at all.
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+1
level 65
Jun 8, 2017
So East Timor obviously doesn't really fit in since it's revenue is an order of magnitude less than the next closest. Is "more than 50%" the best cutoff here?
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+1
level 62
Jun 8, 2017
Or make it 21 answers, considering the fact that it's the least guessed answer.
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+1
level 47
Oct 5, 2017
Not by much, though (7% under Equatorial Guinea). It's still an oil-dependent country, small though it may be. There will always be a least-guessed answer.
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+2
level 72
Jun 13, 2017
Bit of a mis-nomer here for me. When I think "oil dependent" I guess I think of it as a dependency on oil imports. Not necessarily countries whose economy hinges on oil exports. I was going to start guessing countries who import a ton of oil, but then saw the picture and knew I was wrong...then I read the instructions. Maybe I should read the instructions first.
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+1
level 72
Oct 5, 2017
I thought the same thing when I first read the title. I thought it would be countries who are most dependent on other countries for their oil. Good thing I read the directions for once.
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+1
level 57
Jun 30, 2017
Hmm. Why did I read "export" as import?
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+1
level 52
Sep 22, 2017
Imagine when oil reserves are depleted and there is no more oil for them.. Most of these countries will be broke!
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+1
level 47
Oct 5, 2017
Many of these countries are already broke, because of an artificially low oil price (designed to cripple the economy in, and ultimately oust the regimes of.. well, you know which countries I'm talking about).
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+1
level ∞
Oct 5, 2017
Artificially low? I thought the U.S. was conspiring to raise oil prices in order to benefit our friendly oil companies. But I can never keep my conspiracies straight.
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+1
level ∞
Oct 5, 2017
Seriously, though, many of these countries are liable to face major disruptions. Oil prices are likely to decrease as solar power and electric vehicles gain widespread adoption. I hope for the sake of the world that these countries can transition their economies gracefully.
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+2
level 70
Oct 5, 2017
All those poor oil-rich countries that preferred spending their gains on silly vanity projects, rather than invest in diversifying their economy. Bloody USA!
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+1
level 63
Oct 5, 2017
Most of these 'oil rich' countries don't pass on their wealth to the ordinary people of their countries. In most of them poverty goes hand-in-hand with the most obscene wealth. If money from oil dries up the rich will still be rich and the poor will still be poor.
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level 70
Oct 5, 2017
I'm not sure what exactly Lumi is implying by his comment, but if he meant that Saudi Arabia was seeking to undermine the economic power and therefore regional influence of Iran, he'd be correct. The US didn't have much to do with this though they are always happy to see a low price on oil during an election year with an incumbent in the White House. Saudi Arabia anticipated that, even though low oil prices would greatly damage their own economy, given their much larger foreign currency reserves they could outlast their competitors. This plan may have backfired as it's cost them more than they anticipated and hasn't achieved any of their goals as Iran is meddling more than ever.
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level 51
Oct 5, 2017
Gah... Scandinavia.
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