Arab Future

Discussion in 'Members Corner' started by Blackwater, Jan 12, 2012.

  1. Blackwater

    Blackwater Veteran Member Veteran Member

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    Dear Members

    We all know our Arab brothers enjoy oil money. Once oil money and oil is finished. What you think which Arab country survive well and which will not?

    Pls comment:namaste::namaste:
     
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  3. Kunal Biswas

    Kunal Biswas Member of the Year 2011 Moderator

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    Going more backward..

    And will keep going backward..




    Medieval Ideas, Medieval ways, Woman are most effected in these parts of the world..
     
  4. Galaxy

    Galaxy Elite Member Elite Member

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    Once Oil will be gone, Arab and most of the Middle-east countries will become extension of east Africa!!

    Their medieval age mindset will make them next Somalia.

    But not in near future, But somewhere at end of 21st century!!
     
  5. KS

    KS Bye bye DFI Veteran Member

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    Qatar, Bahrain and Kuwait will survive..they have diversified into financial destinations. Not sure about Oman,Saudi.
     
  6. trackwhack

    trackwhack Tihar Jail Banned

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    None of the Arab countries will be able to sustain their current standard of living. Their accumulated wealth wont last then even a decade. Their investment returns wont be enough to sustain their entire populations.

    They can however channel their wealth into creating large scale greenhouses in the deserts (sunlight round the year) to become net food exporters, but that requires planning and vision and they lack both.

    The beginning of the end of the Oil Age has already begun. By 2020, large scale investment in refineries will come to a halt. By 2030, most refineries will start winding down and by 2040 very few refineries will be left - to cater to fertilizer and non fuel by-products of petroleum like polymers, plastic etc.
     
  7. Blackwater

    Blackwater Veteran Member Veteran Member

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    I think UAE and Qatar has done or doing so much on FDI, also good development in the field of education,health,finance,tourism .They might survive

    Worst will be Saudi Arabia
     
  8. The Messiah

    The Messiah Bow Before Me! Elite Member

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    Ive heard that north america also has oil but they're waiting for ME to dry up before they drill there's and demand higher price from others.
     
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  9. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    The biggest diversification business in those countries is petro-chem so it is still related to fossil fuels. They won't be so fine. The rest of the Arabs will be impoverished.
     
  10. Tronic

    Tronic Stars and Ambassadors Stars and Ambassadors

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    Yes, that is partly true. Part of the reason of not digging out their oil at the moment is simply because it is not financially viable to do so since most of the oil is located in the North, and ME oil is still cheaper than drilling their own oil out from under such thick layers of ice and snow.
     
  11. The Messiah

    The Messiah Bow Before Me! Elite Member

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    Clever thing for India would be to move away from oil and into renewable sources of energy.
     
  12. civfanatic

    civfanatic Retired Moderator

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    Egypt and Iraq have the most liberal and progressive-thinking people in the Arab world so they will likely do the best post-Oil Bust. They also have other natural resources, especially fertile farmland.

    The Bedouin countries (Saudi Arabia especially) have a medieval mindset so as soon as they run out of oil they will go back to their primitive ways. Their economic success is not based on any innovation or hard work on their part but simple geographic luck.
     
  13. KS

    KS Bye bye DFI Veteran Member

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    No actually Kuwait, Bahrain have become banking hubs and they can survive on it - Just like Caymans.
     

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