Quote:
Originally Posted by aohige
Eh, but those FDI are fueled by (pun intended) oil interest.
They aren't investing into the country for no reason.
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Then they will attract even more FDI in the coming of oil peak?
I think you lost sight of my original points. Arab oil nations does not simply build their economy by selling up oil , but by being a petroleum-based economy. Not in the physical sense like US (where petroleum drive all of the industries and services) but in both physical sense and international-economical sense (petroleum driven FDI as you mentioned).
There are only 4 scenarios that oil nations will be screwed up economically a)being sanctioned where oil lose its market value status, b)oil being replace by other better, more available energy c) oil just suddenly stop coming out one day, result in b d) ends of globalisation. The first is what they have been doing and doing really well considering how much assess-kissing they got. The second is impossible unless major scientific/politic breakthrough happen. The third is not likely as peak oil will only means oil becomes more scarcity and valuable. The fourth is... simply scary to think about, and Middle East is the least we have to worry about