[big_rc]

Went to Dubai last year. I have a buddy that lives outside of Dubai so I was there and Abu Dhabi for a couple of weeks.

First of all, there is a public transportation system but only the imported workers/"slaves" use it. I can honestly say I saw way more cars worth well north of $100K than I saw buses. After a while, it just became normal to see Bentleys, Rolls Royces and those super high end Mercedes.

Secondly the amount of money in that city is beyond ridiculous. I have never ever seen as much gaudy excess as I have seen in Dubai. It makes Las Vegas look like some backwater Midwestern US city.

Third, although the vast majority of the debauchery is hidden way, way underground, trust me there is a ton of debauchery. This is the place where Saudis and Kuwaitis come to get liquored up and run women. All that pent up repression has to find an outlet somewhere no matter what Islam says.

[misterno]

The president of Dubai he himself acknowledged that their oil will run out around 2015. I watched him saying that in a documentary. I don't know about NG though.

He said they will try to invest and construct as much as they can till 2015. Alas, when the oil stops, Dubai will be a horror city. Dubai stands on cheap power. When NG hits $50/MMBTU and oil hits say $700/brl, how would you cool your homes or enjoy artificial snowboarding? They are trying the impossible.

Dubai is a perfect example of too much stupidity and too much money being together.

BTW, he ( whatever his name is) lost $20BN in Citigroup investment in 6 months. He will lose even more in Dubai and nobody is telling him.

[Dreamtwister]

On the other hand, that tower must look really neat, rising out of the sand dunes from 100km away...

$this->bbcode_second_pass_quote('misterno', 'B')TW, he ( whatever his name is) lost $20BN in Citigroup investment in 6 months. He will lose even more in Dubai and nobody is telling him.

[big_rc]

$this->bbcode_second_pass_quote('misterno', 'T')he president of Dubai he himself acknowledged that their oil will run out around 2015. I watched him saying that in a documentary. I don't know about NG though.

He said they will try to invest and construct as much as they can till 2015. Alas, when the oil stops, Dubai will be a horror city. Dubai stands on cheap power. When NG hits $50/MMBTU and oil hits say $700/brl, how would you cool your homes or enjoy artificial snowboarding? They are trying the impossible.

Dubai is a perfect example of too much stupidity and too much money being together.

[vetusfirma]

$this->bbcode_second_pass_quote('misterno', 'T')he president of Dubai he himself acknowledged that their oil will run out around 2015. I watched him saying that in a documentary. I don't know about NG though.

He said they will try to invest and construct as much as they can till 2015. Alas, when the oil stops, Dubai will be a horror city. Dubai stands on cheap power. When NG hits $50/MMBTU and oil hits say $700/brl, how would you cool your homes or enjoy artificial snowboarding? They are trying the impossible.

Dubai is a perfect example of too much stupidity and too much money being together.

BTW, he ( whatever his name is) lost $20BN in Citigroup investment in 6 months. He will lose even more in Dubai and nobody is telling him.

[Twilight]

$this->bbcode_second_pass_quote('big_rc', 'A')lso the way the immigration policies are set up over there makes it very easy to "export"/ kick out people when the time is right. There are only ~ 1M true, legitimate citizens of the UAE.

[Dreamtwister]

$this->bbcode_second_pass_quote('vetusfirma', 'B')ut another matter, when did Dubai get a president. Always thought they had an Emir?

[big_rc]

$this->bbcode_second_pass_quote('Twilight', '')$this->bbcode_second_pass_quote('big_rc', 'A')lso the way the immigration policies are set up over there makes it very easy to "export"/ kick out people when the time is right. There are only ~ 1M true, legitimate citizens of the UAE.

[mos6507]

$this->bbcode_second_pass_quote('Twilight', '
')Those towers could become the greatest terrestrial monuments of industrial civilisation.

[BigTex]

$this->bbcode_second_pass_quote('big_rc', '')$this->bbcode_second_pass_quote('Twilight', '')$this->bbcode_second_pass_quote('big_rc', 'A')lso the way the immigration policies are set up over there makes it very easy to "export"/ kick out people when the time is right. There are only ~ 1M true, legitimate citizens of the UAE.

[cube]

I guess one advantage of Dubai is it's not saddled with "legacy costs". What do I mean?
Sure Dubai has a certain amount of bureaucratic costs like "welfare" but at least they don't have 60million people on welfare unlike say France or just about any other western European nation. Even in a Charles Dickens capitalistic America we have huge liabilities such as social security and Medicaid. These liabilities / social welfare programs of "progressive" nations were created with the assumption they will be paid for in a future world of economic surplus and perpetual expansion! Sorry folks, the numbers don't look pretty.

As for the guest workers, the government of Dubai has wisely decided to NOT give them citizenship. Sounds mean but it was the smart thing to do. If I was a dictator of a small nation I'd create some weird nation that invited all the rich people of the world to come visit and use the place as a tax shelter.

[vision-master]

Since when is social security and medicaid social welfare programs? People pay into these programs their whole working life.

[MrBill]

$this->bbcode_second_pass_quote('vision-master', 'S')ince when is social security and medicaid social welfare programs? People pay into these programs their whole working life.

[Homesteader]

Dubai compared to Vegas? Vegas in the middle of god-forsaken no where? Every single thing flown, trucked or trained in from how far away? For what good purpose that moves humanity forward? (sound of crickets)

C'mon guys, the pots keep calling the kettle black.

What would be better? Suburbs stretching into the desert away from the shipping port? Since an urban setting is the only one that makes sense for them and they have all that money why shouldn't they add a little (lot?) creativity into the mix?

They are simply playing the hand they were dealt. Wish I had them cards.

[BigTex]

$this->bbcode_second_pass_quote('Homesteader', 'D')ubai compared to Vegas? Vegas in the middle of god-forsaken no where? Every single thing flown, trucked or trained in from how far away? For what good purpose that moves humanity forward? (sound of crickets)

C'mon guys, the pots keep calling the kettle black.

What would be better? Suburbs stretching into the desert away from the shipping port? Since an urban setting is the only one that makes sense for them and they have all that money why shouldn't they add a little (lot?) creativity into the mix?

They are simply playing the hand they were dealt. Wish I had them cards.

[Homesteader]

UAE Dhabi starts constructing 'green city'

The United Arab Emirates (UAE) has started construction of its so called 'green city' which will be named Masdar City. It is a city which is designed to have no carbon emissions, cars, or waste. It will cost $22 billion (£11 billion) and take eight years to make. It will be able to hold a population of 50,000 people and 1,500 businesses. The city will cover 1,483 acres (6.00 km²).

The city was designed by Foster and Partners, a British company.

“No one has ever built a zero-carbon city before. Nor one producing zero waste or fully powered by renewable energy. Masdar City will accomplish all three,” said Sultan Al Jaber.

Link: http://www.huliq.com/50131/uae-dhabi-st ... en-city039

[copious.abundance]

--> LINK <--
$this->bbcode_second_pass_quote('', '[')b]PGCC oil output to rise 10m bpd by 2015

Dubai (Trade Arabia)-- A massive $300 billion investment to boost oil production is under way in the Persian Gulf and this could see the region deliver a staggering 10 million barrels of crude a day in added capacity by 2015, according to a study.

More than half of this increase will come from Saudi Arabia alone, according to the study by project research firm Proleads.

“Recent analysis of total global oil production and development projects that world crude production capacity from all sources has the potential to rise from 87 million barrels per day to as much as 108 million by 2015,” said Emil Rademeyer, director of Proleads.

“Our analysis shows that if all current projects across the region meet their projected targets in barrels of oil a day, it would mean that by 2015 the hydrocarbon rich countries of the Persian Gulf Cooperation Council (PGCC) will be supplying more than half that future added oil capacity,” said Rademeyer.

[...]

[3aidlillahi]

Realistically, I think

1) they mean 10 mpd of new capacity, not additional capacity. They'll likely lose out a few mpd of capacity as fields decline (1-2 mpd). Still significant.

2) Time is a major factor which is working against them. That's 10 mpd of new fields and/or projects in 7 years? Really? KSA is having trouble with their new fields that've been in the works for a while. Do they have all of these fields lined up and they just need the money, time, labor and steel put in place? Or will they likely have to go out and find 8-9 mpd of new capacity?

I say they'll likely stay right around where they are now as far as capacity. They may move up in production to ease price pressures though.

[Cashmere]

Proleads?

Hmmm?

Do they make money by telling you oil supplies will dwindle?

Methinks not.

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