[JumpCrisscross]

> 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]

Yeah, the extreme contrast between the countries that have and don't have oil in the middle east is what creates the conflict.