Control of oil reserves is a catalyst for political instability.

Question

Quizplus · Accepted Answer

Control of oil reserves often leads to competition and conflict between factions, governments, and nations, resulting in political instability. This is due to the economic, strategic, and geopolitical significance of oil as a resource. Countries with abundant oil reserves often experience corruption, dictatorship, civil unrest, or external intervention, which undermines their social, economic, and environmental sustainability. Moreover, oil dependence can create imbalances in trade, investment, and development, reducing the resilience and diversification of economies. Therefore, the control and management of oil reserves require effective governance, transparency, and cooperation, which can be challenging to achieve in fragile or contested contexts.

Control of Oil Reserves Is a Catalyst for Political Instability