Wednesday, January 30, 2008

From Thomas Barnett's Blog - very interesting - and a good sign

SPECIAL REPORT: “Boomtime in lands of oil and money: The rise in the oil price is driving investment growth,” by Roula Khalaf, Financial Times, 20 November 2007, p. 1.

ARTICLE: “The Construction Site Called Saudi Arabia,” by Jad Mouawad, New York Times, 20 January 2008, p. B1.

ARTICLE: “Who’s Afraid of Mideast Money?” by Emily Thornton and Stanley Reed, BusinessWeek, 21 January 2008, p. 042.

The first story is cited just for the numbers. The Gulf Co-operation Council Six (Saudi Arabia, Kuwait, UAE, Qatar, Oman and Bahrain) are expected to hit oil export earnings in the range of $400b this year and $450b next year.

Between 2005 and 2020, it’s estimated that GCC will bank $3 trillion. About half is expected to stay in region, a quarter goes to the wider region, and a quarter hits the global streets looking for returns through SWFs. Roughly $1t is slated for local investment, which is why the region starts to rival Asia for its construction crane demand. Indeed, a lot of Turks, Indians and Chinese are doing the construction in the region, so they fight over worker bodies too.

The second story profiles a gargantuan petrochem plant going up in Saudi Arabia that will link the economy to a wide variety of global production chains, like cells, TVs, and thousands of other products. This factory is but a blip in Saudi Arabia’s planned $500 billion in internal diversification investment. The House is building four massive “economic cities” that intend to create about 1.6 million jobs.

Aramco wants to become a bigger Exxon Mobil, a serious supplier of petrochem products as well as oil.

No more “idle mode” for the Saudi economy, and yes, that’s a good sign.

So should we be afraid of all this oil money?

Like just about anybody else hoping to get deeply plugged into the global economy, Saudi Arabia and the GCC are running desperate races against their own demographics and the inevitability that the advanced world must move past oil—for environmental reasons alone.

The oil producers are facing their last great swing at the ball. Failure is really not an option here.


Sean said...

hey guys, ok to reprint but when you do, link to the post, ok? thanks!

Tom's webmaster

Sean said...

oops, i see you did in the title. my bad. disregard and thanks for the links.



Mosihe said...

no worries Sean, we are huge fans of Tom's blog. we even linked him in our links.

sexy said...



情趣用品,A片,AIO,AV,AV女優,A漫,免費A片,日本AV,寄情築園小遊戲,情色貼圖,色情小說,情色文學,色情,色情遊戲,一葉情貼圖片區,色情網站,色情影片,微風成人, 嘟嘟成人網,成人,成人貼圖,18成人,成人影城,成人圖片,成人影片,UT聊天室,聊天室,豆豆聊天室,尋夢園聊天室,080聊天室,080苗栗人聊天室,080視訊聊天室,視訊聊天室



麻將,台灣彩卷,六合彩開獎號碼,運動彩卷,六合彩,遊戲,線上遊戲,cs online,搓麻將,矽谷麻將,明星三缺一, 橘子町,麻將大悶鍋,台客麻將,公博,game,,中華職棒,麗的線上小遊戲,國士無雙麻將,麻將館,賭博遊戲,威力彩,威力彩開獎號碼,龍龍運動網,史萊姆,史萊姆好玩遊戲,史萊姆第一個家,史萊姆好玩遊戲區,樂透彩開獎號碼,遊戲天堂,天堂,好玩遊戲,遊戲基地,無料遊戲王,好玩遊戲區,麻將遊戲,好玩遊戲區,小遊戲,電玩快打

情趣用品,情趣,A片,AIO,AV,AV女優,A漫,免費A片,情色,情色貼圖,色情小說,情色文學,色情,寄情竹園小遊戲,色情遊戲,AIO交友愛情館,色情影片,情趣內衣,情趣睡衣,性感睡衣,情趣商品,微風成人,嘟嘟成人網,成人,18成人,成人影城,成人圖片,成人貼圖,成人圖片區,UT聊天室,聊天室,豆豆聊天室 ,哈啦聊天室,尋夢園聊天室,聊天室尋夢園,080苗栗人聊天室,080聊天室,視訊交友網,視訊