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The Middle East Could Face A Historic Crisis By Century’s End
Oilprice.com ^ | 10-11-2015 | towelhead

Posted on 11/10/2015 7:55:54 AM PST by bananaman22

Regarding the Middle East and its oil, the late Sheikh Rashid Bin Saed Al Maktoum, longtime Emir of Dubai and Prime Minister of the United Arab Emirates, once famously remarked:

“My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.”

It’s an apt reminder of the finite nature of oil resources, and, of course, the wealth it brings. But, and this is what the Sheikh was getting at, it’s also a call for prudence and thoughtful transformation. Outside of Dubai, the overhaul of oil-based economies is wholly incomplete, but it’s an idea that holds no less relevance as the region prepares for what could be an even greater challenge: climate change.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Politics
KEYWORDS: mideast; oil; sun; water

1 posted on 11/10/2015 7:55:54 AM PST by bananaman22
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To: bananaman22

As Dubia has already long since moved past depending on oil, it shows how the Emir of Dubai quote won’t become true.


2 posted on 11/10/2015 8:01:52 AM PST by thackney (life is fragile, handle with prayer)
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To: bananaman22
an apt reminder of the finite nature of oil resources
I don't think we know that for sure just yet. In fact, I don't think science has been able to determine how Mother Nature produced oil in the first place.
3 posted on 11/10/2015 8:02:57 AM PST by oh8eleven (RVN '67-'68)
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To: bananaman22

this a target rich environment for all the jokesters ! I’ll be back....


4 posted on 11/10/2015 8:02:58 AM PST by Iron head mike (Dirty deeds done dirt cheap)
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To: bananaman22

None of this matters to a population that has already taken over Europe.


5 posted on 11/10/2015 8:10:42 AM PST by chopperman
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To: bananaman22

Already in crisis, and no “could”.


6 posted on 11/10/2015 8:17:28 AM PST by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country)
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To: chopperman

No problem. After they have destroyed the western economies and enslaved the infidels, oil consumption will be negligible. They will go back to riding camels and continuing to screw goats.


7 posted on 11/10/2015 8:17:46 AM PST by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
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8 posted on 11/10/2015 8:17:51 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: bananaman22; thackney

I wonder who the moslems that are invading Europe will have to build all of the mechanical things they like and envy once they have imposed their caliphate? Through their destructive ways, especially ISIS, can one expect the factories to be preserved and workers found to work in them?


9 posted on 11/10/2015 8:57:07 AM PST by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: bananaman22

As politically hot as the M.E. is, oil output in 2100 is the last thing to worry about.
Survival and habitability, that’s the worrisome duo.


10 posted on 11/10/2015 9:14:25 AM PST by Vinnie
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To: bananaman22

They will be herding in Londonistan by then, so it won’t matter.


11 posted on 11/10/2015 12:09:41 PM PST by deadrock (I is someone else.)
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To: bananaman22

Let’s wait and see what the region looks like once Putin is finished with ISIS before speculating about rides.

In view of the recent airline downing, everyone there may be riding a fireball in the not-too-distant future.


12 posted on 11/10/2015 1:56:36 PM PST by Jack Hammer
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