What will happen to oil states like Qatar and the UAE once either peak oil is reached or a better...

What will happen to oil states like Qatar and the UAE once either peak oil is reached or a better, cheaper alternative like fusion is discovered?

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They will turn into shitho-

they wont sell as much oil...

Qatar has the world's most natural gas, and not that much oil. We will still use natural gas for centuries.

UAE is investing heavily in real estate and tourism.

Those countries are very aware of oil revenues decreasing, and have already invested trillions in stocks and bonds around the world.

Also, fusion could power the grid (which is mostly coal), but is infeasible for transport which is what uses all the oil.

civil unrest and inevitable war
why do they invest so hard in diverse sectors? they know it will come.

when a prince, by birth, has enough $$ to literally buy a yacht every day, and the money is gone, who is to be held accountable?

why do they give their populations so much income, just for being alive?

obvious answers to very simple questions

>17 million USD for a license plate
>prepared to spend 27 million USD for another plate

they are rich. like the adage goes, more dollars than sense.

Good luck running a car on fusion.

Peak oil will never be reached. The higher the price goes, the more willing companies will be to invent new mining methods, thereby reducing the price

Presumably advanced in material sciences associated with manufacturing cost effective fusion reactors will lead to better batteries.

>peak oil
Won't happen in our lifetimes, but a quote comes to mind

>My grandfather rode a Camel, my father rode a Camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a Camel