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why does having large oil reserves increase a countrys power on the global stage? it allows the country to produce more agricultural goods. it reduces the countrys need to engage in international trade. it allows the country to ignore the global demand for renewable energy. it gives the country control over oil supply and prices, affecting oil - dependent countries.
Oil is a crucial global commodity. A country with large oil reserves can control oil supply and prices. This gives it leverage over oil - dependent countries, as those countries rely on the oil - rich nation for energy. Controlling such a vital resource enhances a country's influence on the global stage.
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It gives the country control over oil supply and prices, affecting oil - dependent countries.