What will happen to the middle east once we stop buying foreign oil?

Question

how will these countries generate income without oil sales?
Will they turn to terror?

Answer 1

They own much of the world banking system, and have investment in Arms and every other industry. they have not just sat there and collected money, they are educated in US and other universities. Don't fool yourself, they know that it won't last forever, they are seeing it now as oil fields are pumped dry.

Answer 2

I don't think we will stop buying their oil. If that were the case it would have been set up during the fake gas crisis in the 70s. There are already alternatives in place. They get shot down. But if we were to stop that would take any perceived power from the Middle East . Turning to terrorism is a possibility. Though how would they finance it? Or maybe they would calm down and learn to work with the world in spite of it all.

Answer 3

an same element has handed off to both countries. Russia's situation is only extra stepped ahead. even as the burden of intense authorities impedes or prevents economic chance and destroys incentive pushed production, lots of those who might want to produce go away for better chance elsewhere. those who stay, commonly for lack of skill or will to adhere to, commence to take area interior the black market outdoors of the heavily regulated gadget. This incorporates both the movements of persons and prepared entities. shortly, the authorities might want to both cave in lower than the burden of its ineffectiveness of institute a strict totalitarian regime to implement participation by utilizing all final activities via rigidity. Even this plan of action won't be able to be sustained infinitely.

Answer 4

The Middle East is selling oil to China and India in ever increasing quantities. The US should develop alternative energy sources as quickly as possible as we will be in ever increasing competition for Middle Eastern oil. The talk is that the oil producing countries want to be paid in Euro dollars not US dollars. It costs $1.35 (approx.) to buy 1 euro dollar. You think gas is high now wait until we have to pay for oil with Euro's.

Get a bicycle!

Answer 5

At current technology levels we only have about 50 years of oil left in middle east.

However, estimates are such that technology will extend that potential another 200 years.

But in the next 20 years we will have energy sources never dreamed of before ..

Such as direct use of water for energy and being able to litterally use all worldwide water for drink & direct energy..

OIL will eventually be no longer an issue.

Answer 6

If you are referring to the U.S., not much because very little of our oil comes from the Middle East.

Answer 7

Wouldn't that be awesome if we had the will to do that. Get of foreign oil and watch that region decline rapidly.....

It doesn't matter were we get our oil as there would be an increased supply world wide cause prices to plummet....

Answer 8

There will be some wars there while they instate governments (or government) they actually want, but we won't be involved in them because we care less about death, and a lot about fossil fuels. Eventually it will calm down, but they won't have the money Dubai has now. I predict the Dubai supertowers will all start to fall down in disrepair.

Answer 9

They will supply Europe and Asia like they do now. We never have really got our oil from them. We get most of ours from the Gulf and South America.

Answer 10

oil is the blood of capitalism. we are not going to stop buying it.

if iraq didn't have oil, we would not be there.

bush said, "we have to invade iraq because it is in a vital region."

what is vital about it? oil.