The provided chart displays information regarding the percentage of total world oil resources and annual oil consumption.
Overall, it is clear that the Middle East is the highest in oil resources, far outstripping its oil consumption. Moreover, in oil consumption, Asia is the highest, while Australia and New Zealand are the lowest in
both oil items.
To begin with, in the Middle East, oil resources stay at almost 56.52%, while in consumption it falls sharply to only 6.15%. Moreover, in Canada, the percentage of oil resources stands at 14.84%, while their low oil consumption is at 2.48%. Moving on to Central and South America, their percentage of oil resources and consumption is almost the same, hovering between 6.70% to 8.12%. Similarly, Eastern Eur ‘s figures are also similar in both cate at almost 6.56% for resources and oil consumption. Hofor Africa, their oil resources account for 6.38%, while their oil consumption is less than half at only 3.35%.
Turning to the rest of the countries, Asia, the US, and Western Europe, their percentage of resources is only between 1.47% to 2.89%, while their consumption sharply booms, reaching the highest amounts from 19.24% to 26.21%. Furthermore, for Australia and New Zealand, their oil resources are only 0.30%, which is the lowest, while their consumption is at the same time slightly higher at almost 1.31%. Likewise, other regions also store oil resources at 1.05%, whereas their consumption is more than twice as high at almost 2.52%.wever,