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Saudi has many potential exports. They have massive non-oil mineral resources they can exploit when they choose to do so. They have fertilizer, water and sun in
by steve19 11y ago
Saudi has many potential exports. They have massive non-oil mineral resources they can exploit when they choose to do so. They have fertilizer, water and sun in unlimited quantities (cheap energy + salt water = fresh water). They could feed the world if they wanted to.
For example the largest vertically integrated dairy corporation in the world is in Saudi Arabia. They have the ability to green the desert and they are doing this right now.
They are also gearing up for future war (and not just in the headline making military acquisitions reporters get all excited about, I mean the boring nuts and bolts you need to sustain massive prolonged military campaigns)
It's easy for the mainstream and financial media to make fun of the Kingdom. They are not going anywhere anytime soon. If anything, the oil price is going to be a wake up call that forces them to diversify faster than they were already doing so.