Geography of oil y southwest asia and north africa has 60% of the world s oil supply. y saudi arabia itself has 20% of the world s oil supply. y although the region is very wealthy. Oil and wealth: landscapes of luxury y wealthiest countries in these (north africa and southwest asia) regions export the most oil y burj khalifa is the tallest building in the world. Oil, power, & geopolitical conflict y opec: organization of petroleum exporting countries y control of oil by foreign companies, resistance, and the creation of opec y british and american countries are digging for oil in these countries y. Iran complained that oil is a natural resource and it should benefit iranians and not the foreigners. Iran takes their oil back. y y opec is a cartel of countries who own oil, they set the standard price on oil. y.