Re: Muslim world: prospects for future growth
Simmons is supposed to have a new book out, I have not seen it yet, but he lays out his case that the biggest Saudi oil fields are failing, and no new discoveries have replaced them. He actually presented on the same forum as ARAMCO, and ARAMCOs response essentially was, "look how much of Saudi Arabia is untapped". Of course they presented no indication that there is anything other than sand, but they had a great, "Don't worry, we have plenty".
So the question is, without oil, what will Muslim countries do? How will they employ theri people? The only cogent business plan I have see is Emirates Air, which is trying to establish itself as an air hub. Obviously some of the Gulf countries are also establishing themselves as banking centers, but other than that, not a lot of business dynamics...