How Much Does Oil Contribute To OPEC Countries Economies?

From article, "2 Weeks After OPEC Deal, Oil Prices Continue To Rise"



(Both OPEC and non-OPEC countries stand to benefit economically from the production freeze, as much of their gross domestic products stem from the commodity. Nearly 39 percent of Saudi Arabia’s GDP, for example, came from oil as of 2014, according to the World Bank. In Iraq, that number was more than 41 percent, in Oman, 28 percent and in Kuwait, 53 percent.)

Me, "So, this shows why Saudi Arabia wanted OPEC to tighten oil supplies. Low oil prices were hurting its economy and why a lot of middle east countries are trying to move away from an oil dependent economy because sooner or later their oil will run out. Talk about an economic crisis, then." 

Trump Will Need To Work With Congress...

From article, "Obama seeks to keep lines open with Trump"

(On Trump specifically, Obama evinced confidence that the president-elect and his aides would go through a “sobering process” as they took the levers of power after the Jan. 20 inauguration. 

He also underlined the fact that he was willing to assist the incoming president with general advice, expressing some level of confidence that “maybe I can transmit some thoughts about maintaining the effectiveness, integrity, cohesion of the office [and] our various democratic institutions … I will always make myself available to him, just as previous presidents have made themselves available to me.”

That tone is a long way from the more confrontational one liberals would prefer Obama to strike against a man whom they view as an existential threat to American democracy. 

But the president gave them little satisfaction in that regard, nor did he oxygenate some of their wilder hopes. He insisted that there was no evidence that any outside power had interfered with the process of casting and counting votes, and he refused to get at all embroiled in the question of whether individual members of the Electoral College should cast “faithless” votes against Trump on Monday.)

Me, "Everything will be fine in the next Presidential Administration. Trump is learning from very intelligent advisors. The Trump we came to know on the campaign trail isn't the kind of President he will become. I believe he will be more measured. And if there is trouble he will be a good leader. We just have to give him the benefit of the doubt and see what he does. Remember, our government is set up with checks and balances, meaning Trump will learn that if he wants things done he is going to have to work with Congress, not against it."