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The Arab states have invested all of their oil wealth into vein dealings.
Only when it runs out will they see the recompense of their stupidity.
But what's wrong with average Saudis to have a better living if they have the money?
I am not against a good standard of living. However, the Arabs will not be able to afford such luxuries once their precious oil runs out.
They have failed miserably to plan ahead, and in the forcible future their outlook is grim.
With their oil money they could have invested much into research and development, they could have built hundreds of factories, research centres, the worlds best institutions of learning etc, but to this day they prefer to buy most of their goods rather than becoming self sufficient.
Dubai in fact has tried to address this reality albeit in vein. It has invested much into its tourism and foreign investment bids for this very reason. Its one huge Disney land, one huge oasis for the rich; they are once again relying on foreigners.
The Arab outlook is grim, end of story.
I am not against a good standard of living. However, the Arabs will not be able to afford such luxuries once their precious oil runs out.
They have failed miserably to plan ahead, and in the forcible future their outlook is grim.
With their oil money they could have invested much into research and development, they could have built hundreds of factories, research centres, the world’s best institutions of learning etc, but to this day they prefer to buy most of their goods rather than becoming self sufficient.
Dubai in fact has tried to address this reality albeit in vein. It has invested much into its tourism and foreign investment bids for this very reason. Its one huge Disney land, one huge oasis for the rich; they are once again relying on foreigners.
The Arab outlook is grim, end of story.
. Era of oil is over and hopefully 21st century would be run by green fuel.
As long US Army, Chinese Army, Indian Army (biggest buyer of oil) is demand for Oil will be as the can't turn their Tanks or Plane on green fuel with in twenty years or more.
Civil use, might be in ten years or so as cars are not so high tech machine.