Bush begs Saudis for more oil; snubed

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05-19-2008, 09:05 PM
T-Bird76

Re: Bush begs Saudis for more oil; snubed

Quote:

Originally Posted by GothamSpotter

Quote:

Originally Posted by T-Bird76

This is going to backfire in the face of the Saudi's. It’s going to drive the U.S to develop Alt energy faster then we would have if oil was 20 bucks a barrel allowing us to reduce what we need from them. If they were smart they'd keep oil at a level that the American citizen isn't concerned about the price and keep us dependant.

Bush even warned in his speech to the Saudis the other day that the Middle East needs to begin diversifying their economies in preparation for the day the oil runs out.

The only country over there that has done this is the UAE...they are involved in all sorts of other industry now. They know they will run out of oil one day and don't want to revert back to 15th century nomads like the rest of the Mid East will.
05-19-2008, 09:32 PM
Matt Molnar

Re: Bush begs Saudis for more oil; snubed

Quote:

Originally Posted by T-Bird76

The only country over there that has done this is the UAE...they are involved in all sorts of other industry now. They know they will run out of oil one day and don't want to revert back to 15th century nomads like the rest of the Mid East will.

That's why New York will be New Dubai one day.

I don't know that UAE really has diversified other than the really rich guys. They don't even have their own people building all that stuff in Dubai and Abu Dhabi: they import indentured servants from Indonesia and the Philippines.
05-20-2008, 11:37 AM
INNflight

Re: Bush begs Saudis for more oil; snubed

Quote:

I don't know that UAE really has diversified other than the really rich guys. They don't even have their own people building all that stuff in Dubai and Abu Dhabi: they import indentured servants from Indonesia and the Philippines.

...and India actually, but still, the UAE got it most definitely. They just need the foreign workers because they aim to do the same development and construction work within 10 years NYC did within 50 yrs, drastically speaking.

They are an extremely popular tourist destination (for Europeans at least), and hundreds of businesses are growing with the region. They got the perfect conditions for foreign investors. Lotsa (cheap, relatively speaking) land, good govermental support for foreign businesses and well....the list goes on.

Saudi Arabia, as a contary example, will certainly stare on in 50, or 100 years. :wink:

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