Cross Post: Saudi Arabia Looks Past Oil in Attempt to Diversify, NY Times
The ultimate oil state is seeking to shift its economy away from oil.
Saudi Arabia may be experiencing its third oil boom in three decades but it is also undergoing an economic revolution that its leaders hope will finally insulate it from the oil producer's curse: the next price collapse.
---snip---
"The diversification of our national income and our economy away from oil is key to our well being," said Abdullah Alireza, a minister without portfolio and a member of the Supreme Economic Council. "It's absolutely key."
---snip---
Maybe they know that the oil is running out. -- Queries for I/P
1. What does this mean for Saudi financial support for Palestinian political movements?
2. What does this mean for Saudi investment in Palestinian entrepreneurs?
3. What does this mean for America's neocon -PNAC "War for Oil" in Iraq?
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