Are oil rich countries a good investment destination?

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Are oil rich countries a good investment destination?

Are oil rich countries, not necessarily friendly to the US, of any longterm value for US investors? In other words, do these countries, because of their oil wealth and thriving economies (due to oil exports) present a solid economic base for investment? Are they developing a manufacturing infrastructure worthy of meaningful investment?

2006-12-15 03:07:54 · 2 answers · asked by OU812 5 in Social Science ➔ Economics

2 answers

Not at the moment. Right now, everything is overpriced, because local investors are flush with money. You should have invested in 1999 or 2000, when oil prices were low...

2006-12-15 05:20:37 · answer #1 · answered by NC 7 · 0⤊ 0⤋

Sure!
The Sudan!

2006-12-15 04:36:45 · answer #2 · answered by battle-ax 6 · 0⤊ 0⤋