Oil Dependent Countries

Bahrain?

Bahrain used to have large oil reserves but they are mostly used up now.

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.

Yeah, just surviving would be cool, for now.

Not a lot else in that area, resource wise.

1.4 billion dollars is a pretty tiny amount of oil... they just have no other industry at all.

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?

Or make it 21 answers, considering the fact that it's the least guessed answer.

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.

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.

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.

Hmm. Why did I read "export" as import?

Imagine when oil reserves are depleted and there is no more oil for them.. Most of these countries will be broke!

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).

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.

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.

Gah... Scandinavia.