when all the worlds oil dries up?

Question

In about 30 years time all of the worlds oil will dry up which is going to be a complete disaster to all of these oil rich countries such as Saudi Arabia and United Arab Emirates whos economies live entirely off oil.

These countries also have very big stable and prosperous economies and when the oil dries up those countries economies are going to collapse and it's going to be a major economic disaster for those countries. So what other resources and revenues could these countries turn to in order to support their economies and prevent their economies from collapsing.

Answer 1

The UAB is like the Bahamas of the middle east they'll be fine. They have a huge tourist income. As far as Saudi Arabia, by the time they run out they'll have enough of our money to last for a while. By the way what's your source on the time line or is that just your opinion?

Answer 2

You are looking at a 'perfect storm' of future trouble and possibly the largest migration of hungry and hopeless people in the history of the world. Beside the 'oil' part of the equation there's also the 'water' part of it. The worst kept secret of the middle east is that it's bone dry there and climate change isn't going to help. At this point the infastructure for delivering water to a growing population is almost broken...one can only wonder how it will be maintained when there is no income to maintain it. Couple all this with the fact that these countries are all unrelenting thugocracies that exist only to support their rich rulers you can see where I'm going with this. It won't be pretty!

Answer 3

I'm curious what will happen there, too. If their primary source of development and income is oil, what will they do?

Of course, if they're smart, they're creating an infrastructure that will sustain them in the future. I know the country of Quatar is taking full advantage of oil revenues to build major Universities and create a better world around them.

Natural gas is still an abundant resource... Will that be their backup?

Also, if hydrogen fuel become a greater reality, will energy be an issue any longer? Will the economies of the entire world have changed?

(All it takes to create cheap hydrogen fuel is electricity, water, and natural gas. And you don't really even need the natural gas...)

As curious as you are,
-Me.

Answer 4

Marty, (well, I heard 40 years, but w/e) I got that figure from British Petroleum through TIME Magazine. Some countries like Egypt have already shown us what they can do without oil, films and tourism. Not that I think anyone really wants to go to these places, especially since with no economy places like UAE and Saudi Arabia will become like Somalia, and they have even more guns.

Answer 5

Ever since I was a little kid, all I have heard was "only 30 years oil left!" And 20 years later, no end in sight.

Give me one piece of evidence that supports your claim of doom and gloom.

How about this.....

U.S. Geological Survey - 1980. In 1980, the U.S. Geological Survey estimated the Coastal Plain could contain up to 17 billion barrels of oil and 34 trillion cubic feet of natural gas.

Between Alaska and the Gulf of Mexico Scientists estimate that there is enough oil to stock U.S. Reserves for 150 years, even after taking into account population growth.

Answer 6

Ive been told that the worlds oil will dry up in 30 years since i was a kid 20+ years ago. I dont think its going to happen. I have a feeling that scientists dont know everything and that the world will find a way to regenerate oil or we will find more ways to get it.

heck there is a large part of china that is probably not explored in depth. i bet there is lots of oil there. Probably more than enough to sustain the world for centuries.

Answer 7

They'll go back to what makes them the happiest anyway.

Living in the third century - abusing their women, killing each other over trivial things like religion. And searching for water.

I wish we would run out of oil TODAY.

Then maybe the U.S. would start being a technology LEADER again and start developing the alternative enerby sources that are already HERE.

Answer 8

under no circumstances. by using fact the extra actually obtainable, i.e. extra interior of your budget, reserves are depleted, it makes the seek for and extraction of the extra durable/extra risky to prevail in reserves practicable, by using fact the cost of oil will upward push as call for continues to be consistent and supply is limited. For the previous 50 years, leftist alarmists (like Robin Thicke above) have laid out endless "dooms-days" wherein we would supposedly run out of oil. in certainty Jimmy Carter replaced into considered one of them. even nevertheless, lots of those days have already come and surpassed - without the "doom". I say under no circumstances by using fact long in the previous oil is close to to being completely depleted, power in step with oil will strengthen into costly to the factor that it will actually be value-valuable to apply selection components. this might reason the transition to selection fuels - no longer some baby-kisser finding out to waste billions of taxpayer funds on despite particular souce has captured their mind's eye.

Answer 9

I guess they will have chaos. Some like Dubai are building an economic structure that will allow them to survive, but others will have problems. Leaders with their money in Switzerland don't care.

Answer 10

Sand