posted by Robin on .
why is oil so important to the
countries of the arabian peninsula?
Arabia produces much of the world's oil; in Saudi Arabia, oil profits are a large part if the economy. Check these sites for details.
i understand but other websites don't tell me a lot about WHY it is important.
Because it's there.
Because they have so much of it, and other countries (US included) consume so much. The higher the demand, the higher the prices that can be charged.