Guest Posted May 5, 2015 Report Share Posted May 5, 2015 Looks like the west needs the middle east, more than than middle east needs them ... http://www.visualcap...h-concentrated/ For much of history, the Middle East has been the capital of concentrated wealth. Whether it is oil, gold, or empires, the cradle of civilization has always been a place of opulence. It all started early, with the Persian empire under Cyrus the Great. In the armory and treasury at Persepolis was a hefty 120,000 talents of bullion. That made the stash a sizable 115 million oz in total. The Umayyad Caliphate continued the trend by building the biggest empire at the time, which spanned from Spain and Morocco all the way to modern day Pakistan. That’s 5.1 million sq. miles. Today, the Middle East still has concentrated wealth. The WSJ found that Middle East billionaire wealth grew 12.4% in 2013. Perhaps even more impressive: for every ten barrels of oil in world reserves, Middle Eastern countries in OPEC have eight. A country such as Kuwait, which is half the size of Maryland, has the 6th highest reserves in the world and is producing almost 3 million barrels a day. Link to comment Share on other sites More sharing options...
Flashermac Posted May 5, 2015 Report Share Posted May 5, 2015 How much wealth will they have, if the West doesn't buy their oil? Some day, fossil fuels will not be so much in demand. Link to comment Share on other sites More sharing options...
Plainsdrifter Posted May 5, 2015 Report Share Posted May 5, 2015 It's inevitable that solar, wind or other similar energy will be developed. I guess people in the middle east will return to time honored occupations like robbing and kidnapping religious pilgrims on their way to haj. 1 Link to comment Share on other sites More sharing options...
Guest Posted May 5, 2015 Report Share Posted May 5, 2015 It does make you wonder, what the world will be like when all the natural resourses are gone, but this not going to be any time soon, or that's what I think, it might well become more difficult. Already claims are being made of the poles where they think resources are. Just going to become more expensive thats all. In the meanwhile countries with them are going to just get richer, the one's without will pay and just become poorer... Link to comment Share on other sites More sharing options...
pasathai1 Posted May 5, 2015 Report Share Posted May 5, 2015 well, if the west worked like the mideast mind set, they would just have taken the wealth. Link to comment Share on other sites More sharing options...
bust Posted May 5, 2015 Report Share Posted May 5, 2015 As long as there's a new season of Big Dog Drilling I am happy Link to comment Share on other sites More sharing options...
Guest Posted May 8, 2015 Report Share Posted May 8, 2015 " As long as there's a new season of Big Dog Drilling I am happy " What is this some sort of Australian soap for wanabie oil drillers ??? Or are we talking the real big boy stuff ... Big Dog Drilling Work Values Interested in finding out if you are the type of person this company is looking for ? Create an account and take our patented DNA assessment now to see how you compare. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now