The "age of combustion" is very quickly coming to a close. The middle east will see a very different economic landscape and, is in fact, already seeing it with

The "age of combustion" is very quickly coming to a close. The middle east will see a very different economic landscape and, is in fact, already seeing it with constant shrinking of the enterprise value of fossil fuel producers. Will the middle east be able to turn their current mountains of cash in to a functioning economy without oil? My guess is no, primarily because their current cultures are not well adapted to thriving in a complex economy with many human resources that can't just be pumped out of the ground. It will take extraordinary leadership for any of the gulf states be successful post combustion. Oman though, is a model that might make it and lead others. But it's not the way to bet.