2 ms·
Depends, United Arab Emirates nowadays makes more money from tourism than oil. Oil is like 1% of their GDP. Climate change is accelerated, but it’s a natural p
by gyudin 3y ago
Depends, United Arab Emirates nowadays makes more money from tourism than oil. Oil is like 1% of their GDP.
Climate change is accelerated, but it’s a natural process. We are literally still in Ice Age, just in
interglacial period.
- theandrewbailey 3y agoOne of the things keeping Saudi Arabia together is oil welfare payments. If that ever goes away, things could unravel quickly.
- rib3ye 3y agoFrom every report I have seen, oil extraction is at least 30% of the economy.
- nradov 3y agoThe UAE has the potential to become another Singapore if they want to. But to make that work they'll have to reach a mutual accommodation with Iran while also not pissing off their other allies too much. It's going to be difficult to thread that needle.
- The_Colonel 3y agoThis says ~16% of their GDP is from oil (directly). 2021 data. https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS?locations=AE https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS?locat... Saudi Arabia is at ~24% for comparison. The question is what happens if you remove those 16%, how much other GDP is tied to it, more or less indirectly.