Goatseye said:
They have deposits to sustain their economy for another century. The problem is that they never prepared for post-oil glut from the West and oil sufficiency from Asian giants. Everything is happening at a fast pace when shale oil technology is rapdly evolving and spreading worldwide. |
They have deposits to sustain their economy for another century....
... If the world continues to be reliant on [Saudi] oil. Which it won't, in two ways. One of which, as you are saying is that other countries are increasing their own production, the other being a switch that has just about begun, but which will bring about a massive change in the next five to ten years, especially in western countries.