Comment Damn (Score 1) 52
So sad.
Cut off the oil without an adequate replacement and all you have is a recipe for getting voted out in a democracy or getting suspended from the nearest lamp post in a not-democracy.
Since this is talking about Saudi Arabia you probably should have just dropped the part about getting voted out of a democracy. They're a hereditary monarchy.
Saudi Arabia has seen reduced GDP from oil ever since it peaked at 87.1% in 1979. It's somewhere around 24% today and will continue to drop.
Saudi Arabia has been trying to reduce their dependence on oil revenue for two decades or more but they are a desert nation with few other national resources.
They're wealthy but desperate as their economics are guided by the knowledge that the future currently looks grim for them.
Depopulation is a natural consequence of a nation getting wealthier
The primary correlation for smaller family size is women's education.
But women's education tends to correlate quite strongly with wealth.
You knew the job was dangerous when you took it, Fred. -- Superchicken