[MBCook]

What happens when the wealth ends for the Middle East? That could go very very badly.

It’s going to happen though. Even if climate change and pollution and all other ill effects didn’t exist we’d run out at some point and be in the same place.

[gyudin]

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.

[The_Colonel]

This says ~16% of their GDP is from oil (directly). 2021 data.

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.

[nradov]

The 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.

[theandrewbailey]

One of the things keeping Saudi Arabia together is oil welfare payments. If that ever goes away, things could unravel quickly.

[rib3ye]

From every report I have seen, oil extraction is at least 30% of the economy.