While Azerbaijan's main export is oil (approximately 90% of all exports), 49% of the population remains below the poverty line. This is not due to lack of work, unemployment is lower than that in the US, in 2006 the average rate was 1.2%. The problem in this energy rich country is the age old have's verses the have not's issue. A small percent of the population owns the majority of the resources.
One would hope that the government would put measures in place to raise the standard of living for all of the civilians. But when your government is run by the very same people who control the resources, the voice of the underdog is very small. Freedom of press is limited, and dangers to the journalists who speak out against policies, created to increase the wealth of the already staggeringly wealthy, often include death threats.
Is oil the root of all evil in the world today? It certainly incites greed, as corrupt owners of this valuable resource lust after power and wealth. It incites wars and corruption. It brings death to those who fight for it, as well as the environment in many ways. The Caspian sea is polluted from oil spills, rendering it practically unusable. Animals of all sorts who come in contact with the material have little chance of survival. Air pollution is thick with smog, although it does offer more beautiful sunsets. Vehicle emissions worldwide are adding to the looming problem of global warming.
All these points to consider lead me to wonder if our world would not be better off without this natural resource.
Information taken from:
http://www.rferl.org/featuresarticle/2007/2/45522DAB-9C03-41A2-974B-A4D2B26292F0.html
https://www.cia.gov/cia/publications/factbook/geos/aj.html