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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (174922)10/29/2011 9:53:03 PM
From: Wharf Rat  Respond to of 541422
 
Something rather unexpected is happening in the Middle East. The oil-rich Gulf states, which have earned trillions of dollars in the past few decades exporting crude to the east and west, find they can no longer afford to consume their own oil. They are consuming ever increasing amounts at home, at a huge cost to exports, and are being forced to turn to renewables as a cheaper source of energy.
Message 27734870

the export land model en.wikipedia.org .
As producers get rich, their domestic consumption goes up, oil available for exports drop.



To: Wharf Rat who wrote (174922)10/29/2011 9:57:29 PM
From: koan  Respond to of 541422
 
What Gates should do with some of his money, they can all be bought-lol.