When the oil eventually runs out. . .

Discussion in 'World Events' started by Michael, Jul 27, 2004.

  1. Michael 歌舞伎 Valued Senior Member

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    20,285
    Could what has happened in Nauru happen to the ME? Nauru sat on top of a fantastic natural resource, the tiny island made Billions of dollars and the people were some the richest in the World. One day the last of their resource was mined and not that long afterwards their wealth evaporated and their economy collapsed - now they’re one of the poorest people in the world.

    Anyone who thinks of Nauru couldn’t but help think of the ME. Especially those countries whose governments are completely dependant on the sale of oil - Iran, Iraq, Kuwait, and of course Saudi Arabia. I’d like to say things will be different for the ME but I’m just not that confident it will be. If you don’t learn from the past you’re doomed to repeat it. I feel that the best way to manage a countries wealth is via a transparent democratic system, which for some reason seems to run diametrically opposed to the ME culture. And so I think that in 50-80 years time the people of the ME will end up exactly as the people Nauru – penniless.

    It’s really a shame.

    Here’s a brief on Nauru:

    Australia takes control in Nauru
     
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  3. ElectricFetus Sanity going, going, gone Valued Senior Member

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    the middle east will not run out of oil soon, that’s not to say world demand will not outstrip production soon, but the middle east still has some decades to go, though its supply will dwindle and demand may drop once alternate fuels are in major use. in the end though some of the rich will end up penniless, the ME has a lot of poor as it is, I don't think it will change for them much.

    should this thread be moved to economics?
     
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  5. anu Banned Banned

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    i am not sure
    why don't you ask a mod?
     
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  7. ElectricFetus Sanity going, going, gone Valued Senior Member

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    sure I'll ask spookz,

    hey fetus you think it should be moved?

    aaah I don't know, maybe we should ask the members, politics does fill with threads quickly it would be good to move threads that can be moved.
     
  8. Mr. G reality.sys Valued Senior Member

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    5,191
    Wisdom is far less likely than evolved propensity for procreation.

    Where's the outrage?
     

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