Some valuable minerals found in the southwest are gold, copper, silver, and iron.

Natural Resources – Southwest Region. The Southwest region has many natural resources. Livestock, oil, coal, copper, and natural gas are a few important natural resources. Livestock is a renewable resource.

Gold

Two of the most important natural resources found in Southwest Asia are natural gas and oil. These two resources bring wealth into the region because they are needed for much of the world’s economy. Deposits of underground oil and natural gas were discovered in Southwest Asia at the beginning of the 1900s.

One natural resource that is scarce in Southwest Asia (Middle East) is fresh water. The areas around fresh water sources, such as rivers, usually are densely populated ( a lot of people living close together in that area). People living in areas without access to enough fresh water have to find other ways to get water.

Oil is the biggest resource in Southwest Asia. Industry and manufacturing are the major part of the economy of Israel and Turkey, because they have very little oil. Israel is the most prosperous nation with the least amount of resources.

crude oil reserves lie under Southwest Asia. are known deposits that can be pumped to the surface at a reasonable cost. Developed countries depend on oil to meet most of their energy needs. Oil is used for transportation, power plants, and even as a raw material for plastics, medicines, and other goods.

China

Bahrain

Oil Is Found in Pockets Deep in the Earth A lot of the world’s oil lies buried under Southwest Asia. One reason for this is that mil- lions of years ago, this area was under water. The sea that covered the region contained the tiny plants and animals that began the process of making oil.

10 Cards in this Set

Venezuela

At our current consumption rate of about 20 million barrels a day, the Strategic Petroleum Reserve would last only 36 days if we were faced with a situation where the oil had to be released all at once (however, only 4.4 million barrels a day can be withdrawn, extending our supply to 165 days).

That’s according to a new report from Rystad Energy that estimates the U.S. is sitting on an incredible 264 billion barrels of oil reserves.

Top oil fields in the U.S.

United States

The United States and China are two of the largest consumers of oil in the world, totaling 19.4 million barrels per day and 14 million barrels per day, respectively….Countries with the highest oil consumption worldwide in 2019 (in 1,000 barrels per day)