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A very fancy thought: What would change if there is no oil in the middle east

Reader comment on item: Egypt's Chance
in response to reader comment: what would change if there was no Oil in the Middle East !!!

Submitted by Ted (United States), Feb 19, 2011 at 22:14

This is a very fancy thought: what would happen if there is no oil in the Middle East. I guess lots of good things will happen. I will recount a few:

> The source of money that is financing a lot of rich middle eastern countries will not be there. So these countries will be no different from what Sudan, Uganda, and Ethiopia are today. So they will not be able to finance all that they are financing today.

> A lot of countries (like Sudan and Pakistan) that are wondering if democracy is good or a theocracy will have no theocracy (like Today's Saudi Arabia) to fancy about. So the draconian and regressive regimes in these countries will very quickly collapse and democracy will arrive to them very soon.

> A lot of bad things financed by Oil money around the world will cease. There will be no money to finance madarssas around the planet and a lot of kids will will not get exposed to exclusionary education.

> Large masses of population from Morocco to Jakarta will need to work harder to get what they have. A lot more authors, scientists and businessmen will come from these parts off the world than are coming now.

> If the Middle Eastern oil is in the hands of secular democracies like Norway, UK, US, and India, it will be put to better use. For example, if the US had all the oil that Saudi Arabia has, a mission to mars would be very conceivable.

> Rather than fancying about throwing Israel into the ocean, Ahamedenijad would be more concerned about puttng food on his citizen's tables and would probably be wondering about increasing fredom to his citizens to unleash growth. Our planet indeed would have been a lot better if the Oil reserves that are stuck with Islamic regimes were distributed across the globe with modern, secular democracies.

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