As soon as a area seeing huge flows of wealth because of pure petroleum sources, the market slowdown and plunging oil costs have positioned the Gulf Cooperation Council able of financial uncertainty. CNBC’s Nessa Anwar is joined by Hadley Gamble to debate the GCC’s challenges, from financial diversification to their inside disagreements.
Contents:
00:00 – Intro
01:20 – Why was GCC arrange within the first place?
01:50 – Arab Spring 2011
03:16 – Key oil occasions
05:23 – Financial diversification within the Gulf international locations
06:26 – Saudi Imaginative and prescient 2030
07:11 – Training in Gulf international locations
08:11 – UAE’s precedence in direction of inexperienced hydrogen
08:38 – The street forward for GCC
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The gulf gain richest through fossil fuel… By reducing it's usage and possible wiping the usage globally would shrink their sustainability.. imagine they starts to supplying solar energy to nearby countries..
In present only uae and oman is self sufficient.
In about 100 years the desert oil countries will have reverted to ….deserts. Wind swept ruins burried in sand.
All I need is a tent ⛺ and 4 wives! I'll bring a Financial hurricane in these deserts 🏜!
Rx
THE BIGGEST “LIE” IN HUMAN HISTORY.
OIL IS NOT A FOSSIL FUEL.
Throughout our life time we have been told oil is dead dinosaurs and rotting vegetation. Not true, oil is a natural mineral created in the heat of the planets core and works its way up to the surface. The lie was created by the Rockefeller family to keep prices high.
If you doubt this then how many dinosaurs or vegetation must have lived on Titan a moon of Saturn to create hydrocarbon lakes and methane rain?
🔝🔝👆🔝👆
Thank you so much sir I really appreciate your help you’ve really helped me and my family I got my funds back in less than no time you are such a generous man God bless you…
Will be a problem because i like olive oil.
First you must learn it is persion gulf not arab do not forget that.
Future without oil will be great
Только золотой доллар США! Бумага горит!
The future without oil is like an invitation for paperwork from an embassy, leaving in peices.
If there is no oil in Arab, their ego will break and they will understand the value of humanity and never ever will raise their hand or oppress against innocent human in Arab.. they will be more humble if there is no oil
Exporting jihadist Will replaces the oil
the oil is a curse,look at them, still live in religious bubble from dark ages,uncivilized,without hope. did they ever creat something that help human kind with their brain? i guess not.
☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Well one more tax we can pay to support the rest of the world
Unfortunately I will not live long enough to witness this.
Video about fall of Muslims
Indians – we have been summoned.
🤣🤣🤣🤣🤣🤣
Without oil, America goes in to recession with crash of petrodollar and high inflation, gulf countries will head towards abyss , anarchy and China will be the world power.
Also the demand for oil will go down drastically before oil taps dries up. Thanks to electric revolution.
Yes, they will be just like Venezuela in about 10 years. China, which buys most of ME oil, already invests heavily in green energy to become self-sufficent.
दुबारा उठो कैमल्स की लीद उठाएंगे और क्या
Easy money don’t last forever
Impossible now a days news channel's are serving pathetic things
haha lul meanwhile the prices in europe goes brrrrrrrrrrrrrrrrrr… modern civilization without OIL IS IMPOSSIBLE
Does anyone remember Nauru 🇳🇷
🤔🤔
Those Arabs are really going to feel what is like to be poor like Yemen
Rich middle eastern countries BIGGEST problem isn’t oil. It’s ‘WORKFORCE’.
They think too high of themselves to do the work.
Someone said “OIL was both a gift and a curse for the Middle East”
Their religious-centric thinking is a bigger issue.
Guess they won’t be able to spend money on ridiculously lavish stuff anymore, but oil will never fully go irrelevant since it’s also used for plastic & polyester not just fuel
HEHEHEA
All these different camera angles was it necessary..
Saudis have to look to tourism and technology
climate change is a hoax
Interestingly enough, the author of Dune, Frank Herbert, predicted this back in 1965 when he published Dune. He had the idea for the spice Melange because he saw the looming problem of relying too much on oil and gas, which are nonrenewable. He predicted that if we did not diversify quickly, we would reach a point where oil and gas become increasingly scarce, resulting in greater wealth inequalities, increased poverty, and more wars. He also wrote dune as a way to inform people about how human actions can drastically change the planet and that we need to be careful with how we treat the planet. Mind you, this was before we understood climate change. Frank Herbert truly was a genius, and I recommend everyone read all of the Dune books.
Less crude oil need for the world is welcome news on many fronts including pollution.
Middle east will be peaceful.
West (particularly US) , Russia & China won't poke their nose in Arab countries
Without oil, there would be nothing. There’s no evidence of any economically and socially sustainable projects. Building “larger” and “bigger” is not sustainable. It’s merely a show. Speaking of which, what about human rights?