So, this could be Dubai in 150 years?

So, this could be Dubai in 150 years?
Really makes you think.

>So, this could be Dubai in 150 years?
So could this.

>Implying their economy won't implode once they run out of oil

...

That may be a good(the best, only) argument against energy independence.

Elevator rides must be a bitch.

Arabs are too stupid for something like that.

>runing out of oil

Can this meme die already? it will never run out. Dead things are constantly being buried and turned into oil by nature.

This is literally going to be dubai once the oil dries up

That's why foreigns exist.

Poo in loos do the manual labor, europeans/americans do the intelectual labor and the arabs enjoy their NEET life in the Harem, betting in camel races and drinking alcohol.

Yeah look at all of the dense forests and wildlife in Arabia.

It's not sustainable though. The gulf is leaking forex like crazy.

Dear Mexican "intellectual"

>Can this meme die already? it will never run out. Dead things are constantly being buried and turned into oil by nature.

>Dead things are constantly being buried and turned into oil by nature.

If the rate of extraction as function of time exceeds the rate of replenishment as a function of time, eventually oil with become so prohibitively costly (in real terms) that it might as well run out.

Cheers xx

They're fine for the next 90 years.

They should start investing in other áreas though.

Perharps turning the country into a tax heaven

Not really. They're super fast elevators.

Yeah... thats why they have the tallest building in the world already. Dont let the memes get to your head son

Yes. It is. Their fixed currency pegs are on the wrong side of the market.

(/biz/ and Sup Forums are the only Sup Forums boards worth reading. t. Autist Sup Forumsack ie: me.)

This is more probable than OP's vision. Dubai is on borrowed time.

They have very little oil and rely on international capital flows (See: money laundering). UAE has the oil.

Did spec ops bring up the issues of Islamic extremist or was its just oil wars stuff.

PS: and shipping. Shipping, "Finance", Tourism and real estate.

This.btheir rescourcrs can last them a good 100 years atleast. But that time thier economy will already be independant of oil.

Isn't Norway's economy mostly from oil too

No way. Their resources will be lucky to last them 50 years without serious investment in renewables (see: solar).

You guys are forgetting the cost of water and agriculture is what will drag their economies down. Not oil. The economy is a complex system. A retracement in globalization (already happening, look at Hanjin shipping bankruptcy recently and the Baltic Dry [Freight] Index) will see their economy struggling to sustain itself along with other global economies, as food becomes scarce and costs more.

Solar would be a good idea right now. And they should invest in huge solar farms while they still have the savings but as NorgeBro pointed out above, their fixed currency peg is going to put a huge strain on the national debt and public sector.

Considering they are reliant on capital flows (banking system getting BTFO), tourism (good luck when consumers tap out), and shipping (see: international freight flows in decline).. I expect Dubai may have already peaked in prosperity.

Norway = Oil, fishing, lumber. They have a huge Sovereign Wealth Fund which is very important and captures growth globally.

You should look into "Dutch Disease", Ameribro. Large oil reserves tend to reduce diversity in a regional economy as the energy industry is very lucrative. This ultimately leads to structural weakness within the host economy (over-reliance on energy exports for prosperity/economic growth.)