Yes, Yemen has oil.
The Middle Eastern nation - in the south of the Arabian Peninsula, bordering the Arabian Sea, Gulf of Aden, and Red Sea - has been exporting a couple of billion dollars worth of crude oil per year.
But it's oil supplies are shrinking rapidly, and may be totally depleted within 10 years.
As the Yemen Observer notes:
Yemeni crude oil exports decreased to $1.5 billion during the fiscal period from January –October of 2009, compared with $4.2 billion during the same period of 2008, a decrease of $2.7 billion, the Central Bank of Yemen reported.Read More
