Why Arabs own most of the world's oil and gas reserves..?

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  • 10 months ago
    Favourite answer

    I heard it was Venezuela. lol A despot is in charge of them now. And they suffer. Both the impostor president of Venezuela and the elected deposed president of Venezuela are socialists. Their problems continue, and will continue no matter who is in charge. Socialism sucks.

    Source(s): bisexual Christian
  • 10 months ago

    That’s more of a geology question than a military one. It’s just where most of the Dino’s died at the time.

  • Lili
    Lv 7
    10 months ago

    Because they just happen to live where much of the world's oil is concentrated.

    However, that oil is quickly running out.  For that reason, they are trying hard to diversify their economies, because they aren't going to be able to rely on oil much longer.

  • 10 months ago

    US since trump won,has moved the rest  down the slot,we are the number one world producer  and exporter of gas and oil,,most methane gas now produced by house Dcrats

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  • Anonymous
    10 months ago

    They don't. They "had" the easy oil. It was cheap to extract the oil. The United States has HUGE RESERVES. We are now the world's TOP PRODUCER.

  • 10 months ago

    They really don't.

  • 10 months ago

    Stuff got underground somehow. They have lots of desert and lots of oil. Looks like it balances out.

  • Anonymous
    10 months ago

    Because of where there land sits

  • 10 months ago

    That is not true. 

  • 10 months ago

    They don't.  The biggest oil and gas reserves are in Venezuela.  Canada is third.

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