The "Economics of Oil

The "economics of oil"

A) is actually a deceptively overstated term, as only two countries in the Middle East contain significant oil deposits.
B) has enhanced the potential spread of pan-Arabism.
C) is important politically as well, as most of the oil is located in such militarily powerful and heavily populated areas as Turkey and Jordan.
D) played a role in Gamal Abdul Nasser's espousal of pan-Arabist ideas, as he wanted all groups in the region to share in the oil wealth.
E) has played no role in Iraq because that nation lacks significant oil resources.