[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.