Professional Documents
Culture Documents
World oil reserves are estimated to 1481.526 billion barrels according to OPEC Annual
Statistic Bulletin 2012. The biggest oil reserves are in Saudi Arabia, Canada, Iran,
Kuwait, Arab Emirates, Venezuela Russia, Libya, Nigeria, United States of America,
China, Qatar, Mexico, Algeria and India. These countries have own 95% of oil
reserves. One specification of the environmental factors is represented by natural
disasters: hurricanes, tornados, cyclones, snow storms, sand storms, extreme
temperatures, earthquakes, tsunamis, volcanic eruption that could make material
loss and casualties, but could disturb economic activities. Due to this, the economic
activities that could be disturbed are road, rail, naval, air traffic, could decline the
demand for unnecessary goods and raise the demand for the primary need goods
like water, food, pharmaceutics, construction materials, fuels, clothes.