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Oil Dependent Countries

Name the countries whose exports are at least 50% oil and natural gas.

For the year 2016. In USD. Source
Quiz by Quizmaster - Jun 07, 2017

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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

Quizmaster

level ∞

Jun 7, 2017

Nearest misses: Colombia, Russia, and United Arab Emirates

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Djilas

level 67

Jun 7, 2017

Bahrain?

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Quizmaster

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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markasol

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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Lumi

level 47

Oct 5, 2017

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

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kalbahamut

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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ECon211

level 74

Jun 8, 2017

Jeez... South Sudan you gotta diversify that economy of yours.

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markasol

level 44

Jul 1, 2017

Give them a chance, world's newest country devastated after decades of civil/independence wars....

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Lumi

level 47

Oct 5, 2017

Yeah, just surviving would be cool, for now.

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bakainu

level 53

Oct 5, 2017

Not a lot else in that area, resource wise.

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kalbahamut

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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GrandMo

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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Gamer1162

level 62

Jun 8, 2017

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

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Aesthus

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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buck1017

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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ander217

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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CMJ

level 57

Jun 30, 2017

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

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Jorissie

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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Lumi

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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Quizmaster

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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Quizmaster

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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kolp

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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Malbaby

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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kalbahamut

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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Rowand33

level 51

Oct 5, 2017

Gah... Scandinavia.

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