"Most everyone knows about the importance of Middle Eastern oil to the global economy and how that impacts geopolitics. What isn't well-known is that the Middle East's own demand for oil has been increasing as their wealth and standard of living has been rising. This chart does not show the amount of oil consumption, but the "energy intensity." This is the amount of energy (often oil) used to produce a unit of GDP for a country's economy.
Questions to Ponder: How will this change oil-producing countries economic development in the future? How does this make us re-assess these economies? Does this impact how we think about climate change issues?"
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