Oil wealth refers to the financial resources generated from the extraction and sale of crude oil. Countries rich in oil reserves often experience significant economic benefits, including increased government revenue and investment opportunities. This wealth can lead to improved infrastructure, education, and healthcare for citizens. However, oil wealth can also create challenges, such as economic dependency on oil prices and potential corruption. Countries may struggle to diversify their economies, making them vulnerable to fluctuations in the global oil market. Balancing the benefits and risks of oil wealth is crucial for sustainable development.