Maybe because they realize that their country's oil is not going to last forever, and it would be really smart to invest enough of the oil profits to create a "critical mass" that would allow their people to maintain their standard of living even without the oil.
>> Maybe because they realize that their country’s oil is not going to last forever...
What YOU said.
What’s more... I’m hopeful that $100/bbl oil will motivate alternatives to foreign oil (more domestic oil, nuclear, more coal, alternative energy, and so on).
So hopefully the Arabs’ revenue will throttle down even before their oil runs out.
“Maybe because they realize that their country’s oil is not going to last forever, and it would be really smart to invest enough of the oil profits to create a “critical mass” that would allow their people to maintain their standard of living even without the oil.”
I might buy that idea if they weren’t building giant tree shaped islands.