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PeakOil is You

Gulf Economies: Clouds on the Horizen

Discussions about the economic and financial ramifications of PEAK OIL

Re: Gulf Economies: Clouds on the Horizen

Unread postby MrBill » Mon 28 Apr 2008, 06:28:29

It may be unsustainable, but I am still looking forward to Dubai next week golfing and skiing indoors naturally! I will meet with the DFIC and banks while I am there.

The latest I read some Gulf states will have their own energy shortfalls as early as 2012-2015? Sorry I cannot quote the source. I forget. But it is clear they cannot export nat gas AND use it to desalinate seawater or run their airconditioners and elevators.

However, Abu Dhabi and Dubai have not only been diversifying their own economies, but have been massively investing elsewhere like throughout the ME, Turkey and even in places like Montenegro. Needless to say they own big chunks of Cyprus as well (but we do not have any water either)! ; - )
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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