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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Don Green who wrote (20557)12/3/2017 10:54:19 PM
From: Elroy  Respond to of 33421
 
According to this page, the UAE produces a bit more oil per day than Venezuela.

en.wikipedia.org

And Venezuela has about 31 million citizens while the UAE has about 1 million citizens.

Being 100% dependent on the oil economy is no problem when you've got production and population numbers like the UAE. It's like complaining that the billionaires heirs don't work. That may not be a good productive effort by them, but don't worry, they will still have plenty of cash to spend.