If people stopped using oil how would the economies of saudia Arabia and Iraq be affected
If people stopped using oil, the economies of Saudi Arabia and Iraq would be significantly affected as both countries heavily rely on oil revenues to support their economies.
Saudi Arabia is the world's largest oil exporter and oil accounts for a significant portion of its GDP and government revenue. If people stopped using oil, Saudi Arabia would likely see a sharp decline in its oil exports and revenue, leading to a significant economic downturn. The country would have to diversify its economy and find alternative sources of revenue to stabilize its economy.
Similarly, Iraq is heavily dependent on oil exports for its revenue and the government relies on oil exports to fund its budget. If people stopped using oil, Iraq would also face a decline in revenue and its economy would suffer. The country would have to focus on diversifying its economy and increasing productivity in other sectors to make up for the losses from the decline in oil exports.
Overall, the economies of Saudi Arabia and Iraq would face significant challenges if people stopped using oil, and both countries would need to adapt their economies to survive in a world without oil.