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This is one of the macroeconomic scenarios that scares me the most. I can't imagine what would happen to the global socio-economic stability if those middle ea
by larrydag 6y ago
This is one of the macroeconomic scenarios that scares me the most. I can't imagine what would happen to the global socio-economic stability if those middle east countries were to lose that source of GDP. It's not to unreasonable to conceive either as more countries are becoming oil energy independent.
- JumpCrisscross 6y ago> what would happen to the global socio-economic stability if those middle east countries were to lose that source of GDP Tumultuous transition period followed by quiet. The same wealth that currently placates them also enables them to project power. And when the wealth disappears, infighting is more likely than outward violence. After the initial period of reorganisation, it will settle into a state similar to other formerly-wealth now-impoverished nations.
- Ericson2314 6y agoYeah, the extreme contrast between the countries that have and don't have oil in the middle east is what creates the conflict.
- neutronicus 6y agoIf the rest of the world is oil-independent, I imagine it will truck on regardless of any post-oil chaos in the former oil-producing regions.