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the only thing i think about when i see these mega projects is: how much will maintenance cost? i don't think they are investing their money in a wise way
I actually don't understand why you used the phrase in the middle of the desert. Is that cool or is that bad. From your POV from my (as person who lives in the middle east) I don't care
@@hadeelqu In the west deserts are associated with death and the harshness of nature; so building big stuff in the desert has a connotation of hubris.
I don't know why the world thinks we live in a desert and ride camels. If you don't have any information, we live better than you. You can say that our fuel situation is very excellent, with very reasonable prices, and high salaries for citizens. The majority of Saudis are from the middle class and live quiet lives, and with Vision 2030, Saudi Arabia will become better and better, and if you see Riyadh u will be amazed by the development of people, buildings and events, so do not talk about something that you do not understand and have not seen
Saudi is just another CIA outreach program, and hence the contractors for the lucrative projects are American, ( without the feminism.) They simply listen to Americans, but unless they allow citizenship, no one will take long term interest in the oil land - which is what the CIA want - else, Americans will be the first ones to get citizenship there. Common sense says Saudis need to invest in ever green fields like health and education, but why they invest in sports should be an eye opener
@@magesalmanac6424 He does have a point though, the US and UK courted the Al-Saud royal family very quickly, after basically installing them on the throne during the 1st world war. If you heard of Kermit Roosevelt or better yet, Lawrence of Arabia, his story should prove Western, and specifically Anglo-American, interference in the region. It's not even remotely a stretch to assume this meddling continues to this day. Of course, irrespective of what the guy above says or of the CIA's competence level (which seems very low).
@@haider5044 on the contrary, he knows the real history, and is only making up history for the fools as the jews have always done. You cant wake up people pretending to be asleep
To be honest, calling it a gamble is a bit of an understatement. Their plans all range from crazy, to downright idiotic. I mean there's no shortage of people who have pointed out how silly some of the Saudi's plans are, with things like The Line and Mukaab taking most of the heat with how absurd they are. Let's be real here, a lot of these ideas sound cool in concept, but I sincerely doubt most of them are feasible. Even if they were, I'm not sure if they'd make as big of an impact as the Saudis are hoping.
@@Mohammed-yr9uyelite engineers aren’t planning these projects. It’s done by highly paid consultants who will tell you what you want to hear as long as you keep paying them.
@@Mohammed-yr9uy These guys are just here to cater to the Saudis, saying everything is possible while pocketing a huge check 😂 Hilarious you think the Line and Mukaad are good ideas. How naive can you get ? Two facts no amount of engineering will ever change : 1. A line is the worst shape for a city as it makes everything further than it needs to be. 2. No one wants to live in a giant cube without direct natural light or green spaces. No one.
Egypt is also trying to become the financial and intellectual hub of the region, and they have a big head start. Especially after reconciling with Ethiopia last year.
They wasted their money. If they had spent wisely then none of his descendants would've ever had to ride a camel again. Think long term, not short term.
France is currently the most-visited country in the world, with ~72 million tourists. No way will 100 million people a year go to visit a stinking hole in the desert just to see a needle-like building, a line of a city, and some ski resorts and water parks.
Exactly what I thought. To be fair, SA has Mekka, and with growing world's Muslim poupulation it may see rise in visits. But 100 000 000 is not a realistic goal. Iceland with its stunning nature has 500 000 visitors per year, Italy full of ancient monuments and beautiful beaches has 60 000 000. My country, Czechia which is an extra safe country with plenty historical monuments and location just next to the rich Western Europe has 20 000 000 visitors per year. And its most visited place, Prague, actually doesn't want to increase the number of visitors. There is a limit on how much one city can handle to still be a livable place. And there is another problem with toursim, just like oil, it can be unpredictably volatile.
@@eestaashottentotti2242 The Eiffel Tower works because it fits into a magnificent cityscape and because one can see something from it. There's really not much to see in any Saudi city, apart from mosques.
@@petersmulders8058 Iron didn't replace stone, though. Bronze did. Then iron replaced bronze. And the first iron was way worse than the bronze of its time, because bronze production technology was a few millenia ahead. The only reason people started to bother with iron smelting at all was because the trade routes for tin collapsed.
@@valentinmitterbauer4196 interesting parallel given what the Houthi are doing to the trade routes between the middle east and china by attacking ships in the suez canal and Bab al-Mandab Strait
@@ryanwood6006 in short, too much of a good thing. Let's take the oil industry again as an example. Let's say the nation of kiwitopia finds a lot of oil. Dutch disease describes the gradual degradation that may occur of the rest of the economy. Oil is going strong and with it the national currency is going strong seeing those exports. The average kiwitopian starts importing cheap/luxury goods from abroad because the currency exchange is hugely in favour of it, since your kiwi currency buys a lot of say USD. What this leads to is that kiwitopian industry is gradually out competed, unable to sway customers from the much cheaper imports and the highly valued kiwi currency makes exports (tourism is in effect an export as well) a less attractive option as well, which means over time kiwitopia will truly only have an oil industry left since the rest died off. Since the oil industry also poached workers from other industries. What Norway did was carefully regulate how much oil they export as to not let it eat the other industries lunch. Also the national Norwegian oil fund ate and eats all the profits, to let Norwegian citizens benefit far in the future when the oil is gone.
@nicolasduhaut7331 Fun enough, not only do they have a Ethical Oil 'Problem' but they are also holding +1 Trillion USA Debt which they are 'in talks' to leverage into Aid for Ukraine! 🇺🇦🇺🇸🇳🇴! (They're also working with Finland to manufacture NATO-ALLIES Artillery Shells!!) SLAVA UKRAINE!
As a gulf Arab youth myself, not a Saudi tho, we share the same issues but on a smaller less acute scale because of our smaller size. For the entire neighborhood the trickiest bit would be restructuring that social contract (which I personally think is badly needed and is very long overdue) but without leaving citizens with the short end of the stick. Local authorities can't expect citizens to forgo of their oil-dependent financial safety buffers without first demonstrating shared responsibility (reducing royal court spending, tackling institutional and systemic corruption etc).
As a Lebanese Arab, I feel like we share a common culture of "The government should pamper me" and "Screw everyone else, I deserve the best", and where I'm from, this is ever evident in the complete disregard for foreign workers, awful drivers all over the country, and poor sense of national responsibility leading to electing the same corrupt officials and political parties over and over again, culminating in the masterpiece of the 2019 economic flop. That said, (insert political party name here) is the best they are totally not corrupt and definitely not working for their personal interests. /s
it will be like egypt with big infrastructure and massive population, we'll see how it works out for you guys, i wish you luck as a syrian myself, hopefully your country doesn't become like us
smaller gulf countries can't really do much...fact is you guys can't build a large population to support any industralization..etc. There's just not much you can do in a desert to support a population
It simply wont happen. You cannot ask your citizens to work hard in jobs that require higher education while not allowing them to vote. And the one thing the Gulf States will never do is allow their citizens to vote them out of office. Educating their population will only end badly for the Gulf State monarchies. It'll be good for the people in the long run, but not for the monarchs.
One of the other things that Saudi Arabia has no lack of is sunlight. I could certainly see solar being an attractive alternative energy source over there. At least on the local scale. Perhaps MBS could surprise us and build a fusion power plant.
At current rates, solar will be cheap enough by 2030 to make it worthless to build distribution lines from S. Arabia to Europe or India. It will be cheaper to build solar in-site, even if it's less efficient.
Fusion power won't be a possibility for the next 50 years no matter how much money you throw at it Because it's a scientific issue, not a technical or engineering one.
At least if your economy is 75% dependent on wheat, sugar, or coffee, you can always replant and grow a next year harvest. You're at the whims of the demands of the consumer, but there will always be a next year harvest. Coal and oil don't regenerate if you burry it and water it.
@@GwainSagaFanChannel One side says the world's going to drown because more water's entering the ocean from the polar ice caps melting. Another side says we're having record droughts, which would only happen if there's not enough water. Make up your minds on what doomsday scenario we're suppose to believe now.
I grew up there, ask me anything if you'd wanna know something about society there. They are currently rolling back subsidies, but the extent to which utilities and public goods were subsidized was insane. Until they were rolled back recently, Premium Petrol was around ¢15 a litre, drinking water was ¢25 a litre (this is the desert), utility/piped home water was $1.5 per cubic metre, food was also insanely cheap considering everything besides dairy is imported
@@swastik-12 I really don't think that is a thing. Have you watched Hong Kong people documentary? They have full right but they just can't afford a decent house and living standard. Maybe Saudi doesn't intend to the workers bad, the real estate companies there are just doing what real estate companies in every country do, stealing the fruits of people's labor and giving them crappy properties.
@@swastik-12my dad works here in saudi. to a certain degree yes. you could literally not leave the country with ur own choice unless with the approval of your work boss (kafeel) which some of them never approve and u basically become slave locked in a foreign country but for 95% of workers this doesn’t happen. Although now for efforts to seem like a friendlier country they removed this rule in 2022
Fun fact from the Red Line Podcast's episode of the green line seires focusing on climate change and Saudi Arabia, the Saudis will be actually the last ones producing oil profitably because their extraction is the cheapest. Basically as demand plummets and prices will drop, the more expensive extraction places for oil will become unprofitable eventually decreasing supply and thus giving a larger market share to Saudi Arabia, and this will create an interesting dynamic where Saudi Arabia by the virtue of geography will be one of the least affected by the end of oil. In contrast places like Nigeria will be the hardest hit by plummeting demand for oil because their more expensive oil will no longer be profitable. This was the specific episode I believe: ruclips.net/video/22TD2KOrLAk/видео.htmlsi=4tqW5xTLRz1kPPRD
Maybe Saudi Arabia will be the last country for which producing oil remains profitable but I do not see how that will work out if technology stops using oil as fuel source
@@GwainSagaFanChannel why would you pay $40/barrel to extract oil when the Saudis can sell it for much cheaper. Obviously they will have to move up the value chain because otherwise they will be rich like Africa.
We will stop burning oil, but that doesn't mean we as a species will stop using it. Like the start of the video said, oil's still an essential component of the drug, textile, and agriculture industries.@@GwainSagaFanChannel
@@meganegan5992 yeah I know but oil will not be around forever it will probably stay until 2050 at best and before that we will see replacements for it
Unfortunately for Saudi Arabia, there is room for only so many Dubais. And my guess is that the long-term global demand for Dubais in the Middle East is less than 1.
@@DonMrLenny that was only possible due to low wage and poor working conditions the Koreans were forced to endure. A generation of people were sacraficed so that the next generation can live in prosperity. Also they had no choice since they have no natural resources. Will Saudis be willing to endure the samething? As the video mentioned, they are used to having cushy well paid jobs that are financed with oil revenue, so no.
@@wotltkfkdgo but from the other hand maybe they could establish big manufacturing corporates of automobiles for example maybe of a desert rovers and outsource the production lines to countries like India or Pakistan or a mega cosmetics company specialized for the Muslim market and also outsource the blue collar workers,that's what I meant for them to learn from korea,they do have the capital to start such an enterprises and also you don't hear about a lot of famous manufacturing brands from the Arab world so they have an entire market segment that they could fill up successfully.
The reason Saudi Arabia is screwed on longterm oil profits isn't even just because of renewables. It's also because the cartel power of OPEC has been massively diminished. The reason they historically have been able to set prices is because OPEC would pull back production to raise prices, or pump extra to lower prices and drive competition out of business. They can't do this anymore though because there are major producers like the USA and Canada that aren't in OPEC, and countries like Russia that are technically in OPEC+ are selling as much as they can for uh, other reasons.
You are forgetting that IEA is a cartel of oil consumers. So they have an incentive to push an opinion that they are right and renewables are the future. Similar to how a market analysis firm will never predict a crash, because negative prediction itself might cause one. Also USA is still a net importer of oil, and Russia is not selling as much as it can, so both of your later points are plain wrong.
This is very wrong Saudi is literally the only coutry that can produce and sell oil for less than 10$ without going out of business they could drive production so high that it puts many producers out of business which than allows them to capture more of the market and slowly decrease oil production and the cycle repeats
Saudi is just another CIA outreach program, and hence the contractors for the lucrative projects are American, ( without the feminism.) They simply listen to Americans, but unless they allow citizenship, no one will take long term interest in the oil land - which is what the CIA want - else, Americans will be the first ones to get citizenship there. Common sense says Saudis need to invest in ever green fields like health and education, but why they invest in sports should be an eye opener
It should be pointed out that the main problem with Venezuelan oil is not mountains and jungle making it hard to access, but that it is low-value heavy oil, high in carbon and low in hydrogen, as opposed to the Persian Gulf's light sweet crude.
Oil is used to make hundreds of other products and if they play well they can produce those products for the whole world(cheaper than anyone else). Also oil will be used for trucks, ships, airplanes...of course amount will be way way less but still they can sell a lot of it.
Of everything ever labels a "wonder material" oil is probably the most deserving of the term with the countless things it can become. And we simply burn so much of it for no good reason. (I understand way, its just a shame) Saudi Arabia (and the others in there boat) should really focus their efforts into making solar-thermal power, computer processing/server farms, and just generally doing tech things. Essentially capture sunlight with mirros to boil water for power, use that cheap energy to power internet type jobs and desalination. They have 3 resources, an ocean, desert sun, and oil which is running out eventually. (The predicted date is current reserves divided by current usage, so as either of those numbers change the date moves)
The USA is the largest oil producer in the world. It does not need other nation's oil. Oil was just a cover excuse the US government used for their real reasons.
The US military is researching mixing biofuels into fossil fuel so they can stretch their reserves. There's a Harrier attack jet that flew on a research fuel which was 50:50 biofuel and fossil fuel.
what's the use of building a massive military if you won't use it? you need to use it, you need a strategy tailored to the needs of each country, you can't use the same formula every time. when fighting muslims dont provoke their jealousy. instead try to humble them before the world abu ghraib as an example and what you don't do is target the innocent. you look for ssc|_|mmY nations to f0kc. nigeria somalia tunisia iraq as four good examples. such can't really fight back a genuine military so bombs away etc...
It's safe, but you'll find areas in any city which are considered no go areas. It's wealthy, but that doesn't say anything about how this wealth is distributed...
Because it is Fuckin' spoiled westoids trying to compare Canada to Russia or eastern Europe when it's one of the best quality of life countries in the world next to Sweden and Norway 🤦♂
the line city genuinly baffles me, cities spawl outwards in all directions for a reason, spread 2 points randomly on a shape, a circle will be most likely to have the shortest distance, ease of access is important for a city, you don't want a firestation every few miles you want one fire station which can travel miles, you'll need way more infrastructure just to support a quirky impractical city.
@@bestuan i love highspeed rail as much as the other person, but it's designed to be cross city transport not inner city transport. maybe if its as fast as the london underground with its stops with trains going both ways then maybe but that is just extremely wasteful for each station to lead to like a dozen buisinesses instead of a hundred or two lol
I think that's exactly the point: it's meant to be impractical and dumb, so we all will want to go and see their dumb city. It will be like Mecca for non-Muslims: once in your life you just have to go and see the dumbest shit ever. The question is, who will live there?
tourist economies are inherently unsustainable because they require people to travel long distances to visit a place for a short time which uses a lot of energy
Exactly. Another aspect I'd like to highlight is that the tourist economy is like the equivalent of an Instagram "content creator". You managed to carve a niche in a very volatile market, great! Now you need to keep doing even wilder stuff than the stuff that got you relevant if you wanna stay on people's minds otherwise someone else will build something fancier and people will just go there. Say, China decides to build a "China Tower" that's 1.2 kilometres in length- look at that?! Suddenly that's the new hot thing, if nothing else your Jeddah tower is not capturing any tourists from China anymore. So, yeah, it's all fun and games until stronger, more stable economies decide to build something fun of their own (that's hopefully a lot more thought out)
you forgot mecca is in saudi arabia,which will attract tourism unless there are unforseen circumstances,all they have to do is to improve upon the city's infrastructure and will guarantee visitors swarming in
Look at all the money they have to spend in order just to attract a very small fraction of tourism that México gets on a regular basis each and every year. All of those mega expensive projects are doomed to fail. All of us regular folk are going to be priced out of there immediately.
The fun thing is to visit Saudi Arabia you have to take a plane and if taking the plane becomes to expensive due to high oil prices it means it is not affordable for tourists
@@dioniscaraus6124How is that relevant to tourists travelling to and from Saudi Arabia? Are you implying that they would crash the Oil price just to make it cheaper to travel there by plane?
Inherently the most fundamental problem for tourists is Islam. Muslim countries just aren’t that attractive to the vast majority of western tourists, no matter what they build or create it won’t change the fact that it’s an extremely backwards and theocratic place where women are treated as little better than slaves and public executions via stoning to death, beheadings and hangings occur regularly.
Saudi Arabia, big empty desert with a couple mega cities, also hot af. Mexico, nice place, fun in both touristy & 21+ things, good food, average person is usually nice & doesn't give you shit at your poor attempt at speaking Spanish.
They're only 370 000 folks, it's like a miniaturized version of a megalopole like London. It's irrelevant to study it even though their gdp per capita reached $68 000
@@tagheuerwoods6241it’s interesting tho since Iceland was least advanced nation in Europe and one of the poorest countries in Europe at the time, while UK always was kinda rich.
The thing is if we dont get out of oil. Carbón and gas there would be no future in most countries. We have 9 consectuvie months keep breaking the récord of warmest ever... I am experienced now I bet you Will se some changes this summer. more wildfires. And less especies and more crops failing. More countries being destabilize or failing water problems. Etc etc etc. Doesnt matter if you believe or not is already here. The north pole is also melting fast i mean fast.....
@@rioluna6058 co2 is not causing global warming. The only huge laboratory big enough to calculate stuff like that that isn’t paid for by the lefts insane agenda says that 100% co2 wouldn’t cause global warming of just a defree if we used 100x more than we do. Go do some research on the years 600 ad to 1200 ad. It was way hotter than it is now on average. The sun has cycles just like all celestial cycles. Co2 is good for the earth and GREAT for farming. Do your own research. Don’t believe the news. They’re using co2 to control you.
Its not really gonna run out soon, especially with the US reserve Its just gonna be veryyy expansive and get beaten by electric and public transport down the line
As the film crude awakening points out, the largest oil field in Saudi is mostly pumping water. The fact they moved to offshore drilling which costs a LOT more shows onshore is running dry.
@@HamguyBacon some truth to the abiotic oil theory, but usage rates are higher than refill. on another note on this platform a video shows we can grow oil with the ancient diatoms that likely grew the old source oil, and boost the effect with vertical hydroponics. search on on here for "33zulu new biofuel", and thus we don't need to drill anymore or have resource wars for it either.
Fun fact: My great grandfather was one of the oil workers that was there when the deal between the US and Saudi were constructed. The prince at the time gave them all special camel whips (that we have), where when you pull out the whip part, a blade is underneath. I now also have the camera that took the photo of the very first oil gush in Saudi (and no we did not get a penny of that wealth he made LOL)
@concept5631 nawww those are some heirlooms tbh Though if we're ever in a desperate situation I'm sure some Saudi prince or oil magnate is gonna get a kick out of it
What work for a country of 4 million and the size of Texas won't work for a country that 63 times the size. Part of norway isn't liveable. Swede almost have of it population of 5 million live in 2 major city while the rest are scattered through the other cities. Also they are small as well they can make use of the land. Jt also you dontwant to destroy the landscape. Haiti keep cutting down their tree which has damage the ecosystem of the wild life. With climate making it worse plus the environmental disaster. The government has done. Othing or was given humanitarian help along prevent .ore destruction yet they scandrel the money. @@zarmeza
@@alanledger1858 the hateful wishful thinking is nothing new there are a lot people like you guys & been around for decades only to be disappointed every time
I mean it's a hail Mary move to help replace some jobs after the oil collapse. But honestly if the Muslims in the past made turkey fire that burn for a long time as a weapon in medieval times. Why can't Saudi make hybrid oil which I'm sure most of it is anyway for a long time. I'm sure hydrocarbons have been altered for a long time already.
@@aldeweeshyou must see how building a line for a city is unstable?? Arent you worried that MBS is wrong and will bankrupt your country? As fterall, his only legitimacy to power is by birth and not by merit.
@@aldeweesh Saudi citizens when they turn coping about their oppressive, hypocritical, war criminal country and sucking the House of Al Saud's cock into a competition:
I guess they tried to build their education system as well. I remember my high school chemistry teacher was offered a job in Saudi and he couldn't believe the amount of money they were willing to pay. Despite all that, he didn't want to leave India. It's not so easy to attract intellectuals as it is to get labourers with cash. Educated folks will also want better lifestyle and social liberties.
What happened after these years? Because I remember that there were a lot of servants and hospitality OFW (Over Seas Filipinos) in Saudi, and I think they were getting more raises in salary & treatment too
If the money’s good, they can attract anyone to teach. A lot of teachers from the U.S. go abroad to teach. My history professor had a colleague fron Australia that went to saudia Arabia to teach.
@@MiddleKingdom305 sure, some will go, but not everyone. Is that enough? Do they get good returns on investment? We'll find that out when the oil runs out.
I have an uncle that went over to work at Dubai. Litterally seized his passport and stranded him there. I was a kid when that happened and living in the states, it was kinda confused how that was legal.
I literally had a class about this last week, how interesting! Edit: also, is this the first time Georgia's animal has appeared on the channel? I like it!
This is the best comment. Many people make predictive statements that turn out to be false, but rarely do I see them called on their bull shirt. For some reason people still listen to, and believe, the same crap year after year.
Yep. Oil won’t run out. The west just wants to get rid of its oil dependence from overseas. They’ve been pushing green propaganda hard, and we keep falling for it. Oh well, people seem to be waking up to the EV-boom hoax.
what do they even mean by "oil" anyways. if it wasint for crude oil, we could easily make plastics and fuels from direct biomass. the first cars ran on peanut oil for god sakes...
It’s no longer Peak Oil supply, we’re now talking about Peak Oil demand. Meaning, we went from worrying about running out of oil to Oil companies worrying about us running out of desire to use it, especially as more Renewables and Nuclear comes online. Now we just need to get Nuclear Fusion up and running and oil as energy will be virtually a thing of the past
@@dx-ek4vr That will never happen. Oil is too convenient to ever become obsolete, being a liquid (easy to transport) with incredible energetic potential (cost-efficient). Nuclear could definitely replace the demand for the electrical grid, but it has a serious problem: how to deal with spent uranium fuel, which has a half-life of hundreds of thousands of years. We literally can't think on that scale; that's many more times longer than written civilization has been around.
@@fakeplaystore7991 - Thorium designs have greatly reduced waste compared to uranium reactors, but no government will use them because they produce weapon-grade materials far, far more slowly if at all. Thorium reactors could basically power the world's energy needs, even including an exponential increase, until the end of the sun.
@@fakeplaystore7991 Spent fuel is no issue. It's entirely manufactured concern. The longer the half life, the safer it is. It's the stuff with a few days/years of half life that are dangerous. You fundamentally misunderstand radioactivity. The shorter the half life, the faster an atom loses particles to transmutate into an atom of a different element. Think of the Geiger counter - the creaking sounds get faster as radioactivity increases. Something with a half life of a hundred thousand years can be held by your bare hand. Something with a half life of 30 years has to be dropped immediately and you need to run around the nearest corner.
Funny you should mention that - I believe you. Predictions have consistently underestimated how quickly solar and wind power over the past decade, after all. The end for oil could be even sooner than predicted.
@@commoncoolchannel8588you do realize that we still use oil to make the majority of the parts that make up the windmills and they still break down very quickly due to how it is made that allows it to make power same with solar not lasting long at all due to heating and cooling down constantly to generate power the only other energy that could be green is nuclear energy which is literally a giant super steam engine and it's even more powerful version the nuclear fusion generator it's produced more power than the nuclear but we need to find a way to upscale it to make it truly viable
@@commoncoolchannel8588Not to mention nuclear, oil would already be obsolete if ”certain groups” didn’t hinder any developments and implemetation of nuclear power.
This is in 6 years which represents almost half a decade, gosh you're bad at maths lol. Also, it's called strategic forecasting and I don't think a country can afford mistakes for this kind of decision making
The thing is oil isn't about just fuel but numerous other oil derivates that come from it, so if you cut the fuel use out of it, there's still going to be need for it
About 60 % of the oil consumption of European countries goes into heating homes and fueling road traffic. The use of oil as actual feedstock is in the low single digit percent. Should the developed nations be able to switch to renewables (and maybe fusion) for their heat and transportation needs the demand for oil will collapse. Especially since the chemical industry is also looking into replacing oil with renewable carbon sources. The CO2 from carbon capture could become big in that regard.
Without cheap oil, we may forget about cheap travel, especially by plane. And without airplanes, say goodbye to long distance tourism into such a remote areas as the near east.
They said the same thing in 1978 we currently use orders of magnitude more oil than then. Oil isn't going anywhere especially when people figure out that battery EVs are a poor, and in some cases vastly inferior substitute to the internal combustion engine.
"Oil is a technically finite resource". There's no "technically" about it, it is 100% finite and does not renew. That's literally the reason why everything else is called "renewable"
Well, if you theoretically increase the timescale, you can get it to a point where it does renew. Renewables are called that because they renew at a technically usable timescale
Saudi Arabia has just revealed a valuable mining discovery underground, worth more than SAR 9.3 trillion ($2.5 trillion). This nearly doubles the 2016 estimates of SAR 5 trillion ($1.3 trillion).
MBS needs to be worried. They could end up like Venezuela. A decline in the use of oil is a HUGE threat to the Royal Family. Far greater than anything Iran could do to them.
not really. you can't rely on all of mena africa to apply themselves learn gain skills organize and plan. what these countries need is dictators with leadership skills best case is the success of uae. equatorial guinea per capita gdp is above $50,000 on par with usa yet their dictator forces his people to remain in the stone age. poor leadership would have been equally bad for the khaleej
The danger is not as big as people think. As was correctly pointed out in the video, regardless of what the rest of the world does KSA will still be able to use the oil themselves as a cheap energy source, and the less they are able to sell, the longer they can rely on that. And people adapt under pressure. Once the foreigners stay away because there is no more money to lure them in, the Saudi people will figure things out.
“See now I take trips to Baghdad, use a stack of chips to count Arab money now. I don't need to get fresh I'm bout to grow a beard dude. So much cake even the money look weird too, don’t mess the bread and the broad I'm trying to eat like Prince, respect the value of ma work in Maui, Malaysia, Iran and Iraq, Saudi Arabia!” Busta Rhymes
Saudi could have just kept the mega projects simple. Try to create reforestation, add renewables and simple properties if they think numbers will rise.
@@extra_ram_noodles it’s less the accent and more that he has that “business bro” cadence especially the mixture of speed, crispness and “hard stops” that a lot of younger consultants, startup founders and venture capitalists use - combined with the slightly forced “professional tone” that sounds like someone who usually speaks informally overcompensating to appear credible. It’s the “rich manchild with power” voice and I know it because I speak like that during office meetings lol. Game recognizes game.
They could pretty easily deal with any revolts generated by the revocation of oil benefits, given that they have a huge army dedicated almost solely to doing this
2 decades ago at University I was told that by 2020, all the oil will be used up.... Today the countries that don't have it are failing and more is being found regularly.
@@Humanresoucesso called renewable energy seems to cause more forests to burn and worse health impacts than oil. The mining required for lithium ion batteries is brutal!
They can't as they don't have work culture. The real wealth of nations are its productive citizens. Look at Japan and Korea for example. They don't have a lot of natural resources but instead relies on their people's brainpower to create valuable industries that the rest of the world needs. You can't just buy culture with oil money.
@@ab_12_8 duuuuuuuuude, I live in Pakistan (unfortunately), ppl don't want to live here at all, that's why they're in the gulf, bcz they couldn't find employment here, same in India. out of the 30 million expats in the gulf, millions maybe more than 10 million will try to make it to Europe by all means necessary, and you know how the refugee's crisis turned out to be.
@@Naveed_Ali_Apolloconsidering Europe increasing anti immigration stance these people are probably stuck in the golf for a while honestly the gulf is insanely lucky to not only find oil but have 2b poor people ( I know it’s rude I’m sorry ) right next door to exploit
There isnt a former coal mining boom town in the developed world that hasnt shrunk and collapsed since the death of coal. Even in places like Poland which still burn coal a lot, the coal towns have all shrunk and become rust belt like cities. I am from an American rust belt old coal town. There are so many early 1900s mansions in the city, despite there being almost no wealth or job opportunities. And coal towns in America are all in great climates, with lush and fertile land and terrain. In other words, they are very habitable places, if jobs existed to keep people financially viable. Saudi, Qatar, Bahrain and these desert nations with oil will suffer a far worse collapse than the American or European rust belt. There is no reason at all to live in a scorching desert that has no jobs or growth. There is no history there, no great old mansions, no beautiful plants of trees. Just deserts, shopping malls and shiny ugly new buildings. They are screwed, big time.
I can picture several of these post-coal cities in Europe and you are right, they are depressing even though they are in the perfect place to be nice. Now imagine a post-oil Dubai or Riyadh... I hope the tourism and diversification card plays out well for them, otherwise they will turn into hellish dystopian death traps
U know nothing about the place lol, they have such great historical importance (in islam for example) that the country will never be abandoned That's also why they are so spoiled hahaha, I truly wish them the best but yeah it's hard to run a country that's mostly desert That you don't see the value of this land doesn't mean that there aren't billions of people who do
@@osasunaitor There is a case to be said for Mecca and Medina at least. Even if Saudi Arabia tanks, you still have what, a billion Muslims who hold those places as sacred. I think it's a similar thing by Israel - a lot of Israeli immigrants, instead of other reasons, are ideologically motivated, by religion (holy land) or by nationalism (Jewish state), and they help prop up the population and economy. In the case of SA, it's probably better they're pilgrims - they need visitors to get money from, not more citizens to give money to. I think if anything, those two cities are the best off - they will always have an economy. The rest of SA though...
Tbf though, oil ain’t going anywhere and will still be used in centuries/millennia as it’s not just used to power cars like you’ve forgotten about all the other oils, greases and lubricants that have no ‘clean’ alternative whatsoever.
you people are so dumb and centrist. hemp can do all the things oil can without the costly machinery to pump and refine. the only reason we still rely on crude is the coproate lobby and hoser is the worst corporate apologist of them all.
You can pull carbon out of the air and turn it into jet fuel, the US airforce has already done this. The problem is cost. Only the most economical solutions will survive and oil will probably always be available but it will not always be cheap.
Oil isn't really dead, though. Global mining capacity is comically short of what's needed for the EV transition, and oil is used in damn near every industry in existence as an input. It's still gonna matter for a long time, even if it isn't used quite as extensively.
not to mention 'carbon neutral' is already losing steam with farmers and more protesting in europe against it in droves, and americans already starting to do the same with a shift towards the right over time. at the very least carbon neutral is going to be weakened or postponed, at worst it could very well be thrown out by more conservative governments
@@thomaszen3622 Human greed isn't the issue here, it's the fact that basically all of our modern tech relies on oil in some fashion and nobody is willing to go back to living in pre-industrial times. There are better ways of preserving the climate than trying to stop using oil.
@@zibbitybibbitybopI mean, not burning the stuff would probably help. But oil products are just hydrocarbons, and can be synthesised other ways, it’s just less convenient. Lack of oil doesn’t mean no plastic, it means more complicated chemical supply chains cause you can’t just distill one pre-cursor into most of your starting products.
@@SkigBiggler Synthesis requires energy, collecting raw materials also requires energy, and moving away from fossil fuels means energy is more expensive, people will still become poorer and their living standards will fall back due to rising prices.
As a Norwegian, I'm not sure if we're the smart ones or KSA is. We're investing all our money into Meta, Alphabet, Microsoft and Apple, meanwhile KSA is investing in themselves...
Thats what I dont understand about Norway. Why invest in other countries stocks?? What I like about the Americans, is that all the money they make? They spend it on their own industries. Spent a couple billion making missiles to fight the commies? INVENT THE SPACE INDUSTRY Spent a couple billion getting Uni's to talk to each other? INVENT THE INTERNET They spend it on industries that actually matter. Their country is literally mid-tier when it comes to natural resources, but is S-tier when it comes to everything else. American capitalism is goated because while it basically says "yo fuck the poor", it makes you incredibly rich if you put in even the slightest of effort. UPS drivers making a shit ton of money, while Mcdonald workers earn the same minimum wage, comes to mind.
Bro like I am from a town in ksa its not that big but 4 billion Rs investing in our town bro😂 that sound crazy iam so happy to see what we are going to have.
The same things were said about Dubai when it was a desert. They said it was just a bubble and it would end, but they succeeded Let's see what happens in a few years and judge. The last conference, dependence on oil increased from 70% to 30%. We succeeded early. We expected it in the year 2030.
Thanks hoser for continuing to make fascinating geopolitical and economic videos about certain places in the world. High school is exhausting and you really help me out with it so thank you ❤❤
Never lived or studied in/about Saudi, but did all that in Qatar for years. Qatar is dependent on gas, but they also have extremely savvy investments around the world. They own real estate in major cities, they have large shares of powerful companies, and they have growing political influence given the hotbed of sociopolitics that is the Middle East. Saudi has a pretty similar situation so I imagine it has a couple ways out once the fields run dry.
We will still need oil for non car production. The move away from oil will definitely impact the gdp of the mid east but there’s still so many byproducts used in everything
Many different uses but all of them very small in terms of volume. For example I fill my car up with 16 gallons of petrol every two weeks. That's about 60 kg. What mass of plastic and other petrochemical based products do I purchase in that same period? Far, far less.
Becoming water barons is probably a good move looking at how winter is going here in Canada this year. Nestle boguht up all the water here so Saudi might be the only nok corporate entity exporting it when USA and China start getting thirsty.
I think what the Saudi government is doing right now is very smart. They know they are entering a time of deep transition and require the trust of its citizens. The best way to keep people happy is to give them something to cheer for. Build them a new stadium, buy high level names, bring big events to drive excitement, that’s how you keep a populous distracted while changes are put in place. This could also lead to a tragic downfall of the entire Saudi society. In the event that these big plans fail, the government will be made a mockery of and it will fall back into the despair of oil. The Saudi elites need to make sure they can strike a balance of diversifying the economy while also using what is working to move ahead. This will be an interesting next couple decades from them.
the governements job is not to pamper its citizen, rather provide them with services and a level of security, freedom etc. And what plans do they have that you think will save them lol. They have no plan. Its a ticking time bomb literally since he cannot pamper his subjects for eternity.
It has been a transitional period for the kingdom, and this is a government that was established and has been in existence for 300 years. It has fallen more than once and has come back more than once. Therefore, as a Saudi citizen, I believe that the kingdom will not fall because of its people. The people are the government, and the government represents its people. The love of the Saudi citizen for his government is incomparable, and this was the kind of love. 300 years ago, my ancestors’ love for the green flag is not related to comfort or luxury, but rather to the relationship between the rulers and the people.
@SandySurf Thank you, I don’t see many like you when I read your comment. I liked it so much that I would like to send it to the Saudi Investment Fund 😂 and more than one ministry, but indeed we are on the right path, brick by brick, developing and making it better in all fields, learning from neighboring countries and taking global experiences.
17:41 great video, but there was a slight mistake , the average Saudi is more educated than the average Canadian and Gabonese according to the graph not the other way around
@@h0ser according to the education index of the human development index Saudi Arabia was ranked 38th in the world with score of 0.789 out of 1 , slightly behind UAE and Italy with a score of 0.8 & 0.79 respectively and ahead of Portugal turkey and Brazil , on the other hand Gabon was ranked 99th in the world with 0.65 out of 1
i was about to write a paragraph on why you were wrong on most parts, however i saw till the end i agree when you said economy is made out of people and not massive buildings and tourists, however saudi has the fastest gdp growth out of the g20 countries for 2022 and 2023, and saudi is still growing as fast as ever, the attention saudi is getting in these past years is promising, saudi now has the role for 2030 expo and 2034 world cup, saudi is also aiming for electrical dependance not just because of them not wanting to run out of oil, rather itll be more benefical for the next generations. its alot more reliable to rely on innovation and science rather than one material. in a way saudi is investing in everything which isnt a bad thing its just if the ambitious projects will actually be finished or not, i live in saudi and i already see them doing work for the cube and so on, theyve already bought land from the citizens and are starting on building. in general, saudi has a bright future but the only thing im worried about is riyadh, alot of people are focused on the economical city of riyadh which is where alot of jobs and stores ect are, this is a problem because it causes alot of traffic, if they just adjust the roads and traffic then saudi will easily be one of the best luxury countries for tourism.
As a roller coaster nerd, there's already plenty of us planning to check out Qiddiya whenever Falcons Flight (which will be the tallest, fastest, and longest roller coaster in the world) opens
And it makes sense considering that heavy military vehicles are not able to convert their fuel into electricity (it would be doubtful for a navy to use nuclear).
This is true. We've been hearing "Oil is Dead" for decades. It's less a prediction and more "If we keep saying it, when it eventually happens, we can claim we knew all along." Plus...electric vehicles still suck. I'd like them to get better, but they just suck at the moment.
Oil won't run out, no. Honestly it probably won't even be replaced by renewable energy. But it is going to get more expensive. Engines are getting more and more mileage, and plastics are being used less and less. The demand for oil is decreasing; driving up prices, further incentivizing alternatives.
good to know that taxing the world for years will lead to a nice line of houses for the rich out in a desert somewhere, truly giving back to the community
![Eminem - Fuel (feat. JID) [Official Lyric Video]](http://i.ytimg.com/vi/t5H_CewqpKA/mqdefault.jpg)
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it's so over, h0ser has fallen for the snail's money
lmao u got me with that ad I didnt see that one coming tbh. Might as well try it out
warfunder
@@thorgnack7343 War Blunder (due to a fucking Panther A across the map because he’s a shitter with bushes)
@@donjunal uh... whats the problem with that.?
hoser is like that rare bird that just shows up once in a while
Hope it will not go extinct
Huh? He uploads like every month
@@nerdasaurus9358hoser is like that rare bird that just shows up once a month
*beaver
No. It's called h0ser.
*Oil is dead
*the desert is empty
*the other continents are full
*Anything else is fuel
Does anybody even get this reference
@@astraljava8500yes
what
I think i get the reference but i am not too sure
@@Camilo_Z yea it's ultrakill
the only thing i think about when i see these mega projects is: how much will maintenance cost? i don't think they are investing their money in a wise way
What does that wise way look like?
@@imeakdo7 NOT whatever MBS says
@@drmonkeys852 so if MBS says it, it's a no go even if someone else says it
@imeakdo7 yes whatever comes out of that man's mouth is pure garbage
Not only that, but style always evolves and changes. What looks fancy and futuristic now, will probably look old and outdated in 30 years.
Urban explorers will have a field day exploring all these abandoned megaprojects in the middle of the desert.
I actually don't understand why you used the phrase in the middle of the desert. Is that cool or is that bad.
From your POV from my (as person who lives in the middle east) I don't care
@@hadeelqu In the west deserts are associated with death and the harshness of nature; so building big stuff in the desert has a connotation of hubris.
I don't know why the world thinks we live in a desert and ride camels. If you don't have any information, we live better than you. You can say that our fuel situation is very excellent, with very reasonable prices, and high salaries for citizens. The majority of Saudis are from the middle class and live quiet lives, and with Vision 2030, Saudi Arabia will become better and better, and if you see Riyadh u will be amazed by the development of people, buildings and events, so do not talk about something that you do not understand and have not seen
@@Qozjq Bro I don't see any racist offence in his comment. You may just highlight that Saudi Arabia is not 100% desert
@@Qozjq Women's Rights.
it seems like they looked at Norway's economy, said let's copy them but snorted 10 lines before they got to work
Saudi is just another CIA outreach program, and hence the contractors for the lucrative projects are American, ( without the feminism.)
They simply listen to Americans, but unless they allow citizenship, no one will take long term interest in the oil land - which is what the CIA want - else, Americans will be the first ones to get citizenship there.
Common sense says Saudis need to invest in ever green fields like health and education, but why they invest in sports should be an eye opener
@@CosmosChill7649😂😂
😂 truly idiotic. “Everything I don’t like is the CIAs fault”
@@magesalmanac6424 He does have a point though, the US and UK courted the Al-Saud royal family very quickly, after basically installing them on the throne during the 1st world war. If you heard of Kermit Roosevelt or better yet, Lawrence of Arabia, his story should prove Western, and specifically Anglo-American, interference in the region. It's not even remotely a stretch to assume this meddling continues to this day. Of course, irrespective of what the guy above says or of the CIA's competence level (which seems very low).
@@haider5044 on the contrary, he knows the real history, and is only making up history for the fools as the jews have always done. You cant wake up people pretending to be asleep
To be honest, calling it a gamble is a bit of an understatement. Their plans all range from crazy, to downright idiotic. I mean there's no shortage of people who have pointed out how silly some of the Saudi's plans are, with things like The Line and Mukaab taking most of the heat with how absurd they are.
Let's be real here, a lot of these ideas sound cool in concept, but I sincerely doubt most of them are feasible. Even if they were, I'm not sure if they'd make as big of an impact as the Saudis are hoping.
That one city that a big building that a mile long come to mind
I bet u know better than worlds elite engineers that are being paid here
@@Mohammed-yr9uyelite engineers aren’t planning these projects. It’s done by highly paid consultants who will tell you what you want to hear as long as you keep paying them.
@@Mohammed-yr9uy These guys are just here to cater to the Saudis, saying everything is possible while pocketing a huge check 😂
Hilarious you think the Line and Mukaad are good ideas. How naive can you get ?
Two facts no amount of engineering will ever change :
1. A line is the worst shape for a city as it makes everything further than it needs to be.
2. No one wants to live in a giant cube without direct natural light or green spaces. No one.
Egypt is also trying to become the financial and intellectual hub of the region, and they have a big head start. Especially after reconciling with Ethiopia last year.
Turtles 🐢
at least they have self awareness, could have been prevented though with proper eduction and less lavish lifestyles
Well if he knows then he will do something about it, most likely.
proper education and Islamic fundamentalism are incompatible with each other @@MateuszMałkowski-h1r
They wasted their money. If they had spent wisely then none of his descendants would've ever had to ride a camel again. Think long term, not short term.
You clearly are unaware of how much Dubai has invested into tech and fostering a startup ecosystem in their country.@@ThwipThwipBoom
France is currently the most-visited country in the world, with ~72 million tourists. No way will 100 million people a year go to visit a stinking hole in the desert just to see a needle-like building, a line of a city, and some ski resorts and water parks.
Also focusing an economy in turism is also suicidal
I mean six flags qiddiya is pretty cool but nothing else
Exactly what I thought. To be fair, SA has Mekka, and with growing world's Muslim poupulation it may see rise in visits. But 100 000 000 is not a realistic goal. Iceland with its stunning nature has 500 000 visitors per year, Italy full of ancient monuments and beautiful beaches has 60 000 000. My country, Czechia which is an extra safe country with plenty historical monuments and location just next to the rich Western Europe has 20 000 000 visitors per year. And its most visited place, Prague, actually doesn't want to increase the number of visitors. There is a limit on how much one city can handle to still be a livable place. And there is another problem with toursim, just like oil, it can be unpredictably volatile.
Eiffel tower was a mighty good investment, but I am not so convinced about those Saudi ones.
@@eestaashottentotti2242 The Eiffel Tower works because it fits into a magnificent cityscape and because one can see something from it. There's really not much to see in any Saudi city, apart from mosques.
“The stone age didn’t end because we ran out of stone.”- MBS
But the Stone Age ended because iron was far superior than stone. Electric cars aren’t yet superior than combustion vehicles
MBS with his useless projects
@@petersmulders8058 Iron didn't replace stone, though. Bronze did. Then iron replaced bronze. And the first iron was way worse than the bronze of its time, because bronze production technology was a few millenia ahead. The only reason people started to bother with iron smelting at all was because the trade routes for tin collapsed.
@@valentinmitterbauer4196 interesting parallel given what the Houthi are doing to the trade routes between the middle east and china by attacking ships in the suez canal and Bab al-Mandab Strait
stone is still in business buddy. My families whole income is from stones being crushed and used in construction
Oil ended up being a curse for the countries that have it, except Norway, they have a government that doesn't stink
Norway had an economy before finding oil. When you go from "A few farms and some industry" to "OIL ONLY" without anything besides you're pretty fucked
@@nicolasduhaut7331 have you heard of Dutch disease?
What's that?@@GwainSagaFanChannel
@@ryanwood6006 in short, too much of a good thing.
Let's take the oil industry again as an example. Let's say the nation of kiwitopia finds a lot of oil. Dutch disease describes the gradual degradation that may occur of the rest of the economy. Oil is going strong and with it the national currency is going strong seeing those exports. The average kiwitopian starts importing cheap/luxury goods from abroad because the currency exchange is hugely in favour of it, since your kiwi currency buys a lot of say USD. What this leads to is that kiwitopian industry is gradually out competed, unable to sway customers from the much cheaper imports and the highly valued kiwi currency makes exports (tourism is in effect an export as well) a less attractive option as well, which means over time kiwitopia will truly only have an oil industry left since the rest died off. Since the oil industry also poached workers from other industries. What Norway did was carefully regulate how much oil they export as to not let it eat the other industries lunch. Also the national Norwegian oil fund ate and eats all the profits, to let Norwegian citizens benefit far in the future when the oil is gone.
@nicolasduhaut7331 Fun enough, not only do they have a Ethical Oil 'Problem' but they are also holding +1 Trillion USA Debt which they are 'in talks' to leverage into Aid for Ukraine! 🇺🇦🇺🇸🇳🇴! (They're also working with Finland to manufacture NATO-ALLIES Artillery Shells!!)
SLAVA UKRAINE!
As a gulf Arab youth myself, not a Saudi tho, we share the same issues but on a smaller less acute scale because of our smaller size. For the entire neighborhood the trickiest bit would be restructuring that social contract (which I personally think is badly needed and is very long overdue) but without leaving citizens with the short end of the stick. Local authorities can't expect citizens to forgo of their oil-dependent financial safety buffers without first demonstrating shared responsibility (reducing royal court spending, tackling institutional and systemic corruption etc).
As a Lebanese Arab, I feel like we share a common culture of "The government should pamper me" and "Screw everyone else, I deserve the best", and where I'm from, this is ever evident in the complete disregard for foreign workers, awful drivers all over the country, and poor sense of national responsibility leading to electing the same corrupt officials and political parties over and over again, culminating in the masterpiece of the 2019 economic flop.
That said, (insert political party name here) is the best they are totally not corrupt and definitely not working for their personal interests. /s
@@mhammadalloush5104 I very much agree, and hope for a total overhaul and a paradigm shift to the way things are run regionally
it will be like egypt with big infrastructure and massive population, we'll see how it works out for you guys, i wish you luck as a syrian myself, hopefully your country doesn't become like us
smaller gulf countries can't really do much...fact is you guys can't build a large population to support any industralization..etc. There's just not much you can do in a desert to support a population
It simply wont happen. You cannot ask your citizens to work hard in jobs that require higher education while not allowing them to vote. And the one thing the Gulf States will never do is allow their citizens to vote them out of office.
Educating their population will only end badly for the Gulf State monarchies. It'll be good for the people in the long run, but not for the monarchs.
One of the other things that Saudi Arabia has no lack of is sunlight.
I could certainly see solar being an attractive alternative energy source over there.
At least on the local scale.
Perhaps MBS could surprise us and build a fusion power plant.
At current rates, solar will be cheap enough by 2030 to make it worthless to build distribution lines from S. Arabia to Europe or India. It will be cheaper to build solar in-site, even if it's less efficient.
Fusion power won't be a possibility for the next 50 years no matter how much money you throw at it
Because it's a scientific issue, not a technical or engineering one.
PV modules dont work at high temperatures. Also, sand can easily get all over it
Sunlight? Pleanty. Water for maintenance... A different issue. There will pretty much always be one hiccup (or more) to any power source to overcome
they have all the oil in the world why would they need solar? and with falling demand thats even more oil they can blow.
At least if your economy is 75% dependent on wheat, sugar, or coffee, you can always replant and grow a next year harvest. You're at the whims of the demands of the consumer, but there will always be a next year harvest. Coal and oil don't regenerate if you burry it and water it.
The likelihood for a succesfull harvest will only decrease thanks to climate change like thanks to higher chance for droughts and acid rain
@@GwainSagaFanChannelAcid rain?
Sure you can regenerate oil just give it a few 100 million years
@@cattibingoI doubt consumers will be that patient for oil.
@@GwainSagaFanChannel One side says the world's going to drown because more water's entering the ocean from the polar ice caps melting.
Another side says we're having record droughts, which would only happen if there's not enough water. Make up your minds on what doomsday scenario we're suppose to believe now.
I grew up there, ask me anything if you'd wanna know something about society there.
They are currently rolling back subsidies, but the extent to which utilities and public goods were subsidized was insane. Until they were rolled back recently, Premium Petrol was around ¢15 a litre, drinking water was ¢25 a litre (this is the desert), utility/piped home water was $1.5 per cubic metre, food was also insanely cheap considering everything besides dairy is imported
Do the citizens realize that all of these stupid money losing projects are their future that the government is throwing away?
Is it true people leave their car engines on to keep the A/C circulating for hours and hours? Or is that just an urban legend?
@@liambird9286 urban legend , car theft has always been an issue there absolutely NO ONE is leaving their car running
@@swastik-12 I really don't think that is a thing. Have you watched Hong Kong people documentary? They have full right but they just can't afford a decent house and living standard. Maybe Saudi doesn't intend to the workers bad, the real estate companies there are just doing what real estate companies in every country do, stealing the fruits of people's labor and giving them crappy properties.
@@swastik-12my dad works here in saudi. to a certain degree yes. you could literally not leave the country with ur own choice unless with the approval of your work boss (kafeel) which some of them never approve and u basically become slave locked in a foreign country but for 95% of workers this doesn’t happen. Although now for efforts to seem like a friendlier country they removed this rule in 2022
That Camel looks just amazing.
So cute :3
Fun fact from the Red Line Podcast's episode of the green line seires focusing on climate change and Saudi Arabia, the Saudis will be actually the last ones producing oil profitably because their extraction is the cheapest. Basically as demand plummets and prices will drop, the more expensive extraction places for oil will become unprofitable eventually decreasing supply and thus giving a larger market share to Saudi Arabia, and this will create an interesting dynamic where Saudi Arabia by the virtue of geography will be one of the least affected by the end of oil. In contrast places like Nigeria will be the hardest hit by plummeting demand for oil because their more expensive oil will no longer be profitable.
This was the specific episode I believe: ruclips.net/video/22TD2KOrLAk/видео.htmlsi=4tqW5xTLRz1kPPRD
Maybe Saudi Arabia will be the last country for which producing oil remains profitable but I do not see how that will work out if technology stops using oil as fuel source
@@GwainSagaFanChannel why would you pay $40/barrel to extract oil when the Saudis can sell it for much cheaper. Obviously they will have to move up the value chain because otherwise they will be rich like Africa.
We will stop burning oil, but that doesn't mean we as a species will stop using it. Like the start of the video said, oil's still an essential component of the drug, textile, and agriculture industries.@@GwainSagaFanChannel
@@meganegan5992 yeah I know but oil will not be around forever it will probably stay until 2050 at best and before that we will see replacements for it
Actually it will benefit Nigeria the most
Unfortunately for Saudi Arabia, there is room for only so many Dubais. And my guess is that the long-term global demand for Dubais in the Middle East is less than 1.
50 regional branches of gigantic companies like Pepsico Siemens and Samsung moved from Dubai to Saudi a month ago
@@saadalrashed4764 race to the bottom
I think maybe ksa need to think about a different vision for itself like the mass industrialization of South Korea in 60s-70s
@@DonMrLenny that was only possible due to low wage and poor working conditions the Koreans were forced to endure. A generation of people were sacraficed so that the next generation can live in prosperity. Also they had no choice since they have no natural resources. Will Saudis be willing to endure the samething? As the video mentioned, they are used to having cushy well paid jobs that are financed with oil revenue, so no.
@@wotltkfkdgo but from the other hand maybe they could establish big manufacturing corporates of automobiles for example maybe of a desert rovers and outsource the production lines to countries like India or Pakistan or a mega cosmetics company specialized for the Muslim market and also outsource the blue collar workers,that's what I meant for them to learn from korea,they do have the capital to start such an enterprises and also you don't hear about a lot of famous manufacturing brands from the Arab world so they have an entire market segment that they could fill up successfully.
The reason Saudi Arabia is screwed on longterm oil profits isn't even just because of renewables. It's also because the cartel power of OPEC has been massively diminished. The reason they historically have been able to set prices is because OPEC would pull back production to raise prices, or pump extra to lower prices and drive competition out of business. They can't do this anymore though because there are major producers like the USA and Canada that aren't in OPEC, and countries like Russia that are technically in OPEC+ are selling as much as they can for uh, other reasons.
You are forgetting that IEA is a cartel of oil consumers. So they have an incentive to push an opinion that they are right and renewables are the future. Similar to how a market analysis firm will never predict a crash, because negative prediction itself might cause one.
Also USA is still a net importer of oil, and Russia is not selling as much as it can, so both of your later points are plain wrong.
This is very wrong Saudi is literally the only coutry that can produce and sell oil for less than 10$ without going out of business they could drive production so high that it puts many producers out of business which than allows them to capture more of the market and slowly decrease oil production and the cycle repeats
Saudi is just another CIA outreach program, and hence the contractors for the lucrative projects are American, ( without the feminism.)
They simply listen to Americans, but unless they allow citizenship, no one will take long term interest in the oil land - which is what the CIA want - else, Americans will be the first ones to get citizenship there.
Common sense says Saudis need to invest in ever green fields like health and education, but why they invest in sports should be an eye opener
True. The US and Canada used to not be oil nations. Now they are, ever since the whole OPEC crisis back in the 70s.
bruh they still can, look at what they did when the ukrainian war started
The green camel snorting lines of oil had me.
It should be pointed out that the main problem with Venezuelan oil is not mountains and jungle making it hard to access, but that it is low-value heavy oil, high in carbon and low in hydrogen, as opposed to the Persian Gulf's light sweet crude.
The problem of venezuela is socialism. Nothing else
The main problem with Venezuela's oil is Nicolas Maduro.
All true, but heavy sour can still be refined.
Mmmm light sweet crude
but a lot less economically viable to produce. It would cost a lot more to produce heavy sour crude making its profits lower.@@ClockworksOfGL
Oil is used to make hundreds of other products and if they play well they can produce those products for the whole world(cheaper than anyone else). Also oil will be used for trucks, ships, airplanes...of course amount will be way way less but still they can sell a lot of it.
Of everything ever labels a "wonder material" oil is probably the most deserving of the term with the countless things it can become. And we simply burn so much of it for no good reason. (I understand way, its just a shame)
Saudi Arabia (and the others in there boat) should really focus their efforts into making solar-thermal power, computer processing/server farms, and just generally doing tech things. Essentially capture sunlight with mirros to boil water for power, use that cheap energy to power internet type jobs and desalination. They have 3 resources, an ocean, desert sun, and oil which is running out eventually. (The predicted date is current reserves divided by current usage, so as either of those numbers change the date moves)
Hoser: “oil is DONE”
U.S. military: “it is done when I say it is done”
@@CheapSushi no it’s not dummie. nvidia alone has a bigger market cap than all oil companies combined
The USA is the largest oil producer in the world. It does not need other nation's oil. Oil was just a cover excuse the US government used for their real reasons.
The US military is researching mixing biofuels into fossil fuel so they can stretch their reserves. There's a Harrier attack jet that flew on a research fuel which was 50:50 biofuel and fossil fuel.
what's the use of building a massive military if you won't use it? you need to use it, you need a strategy tailored to the needs of each country, you can't use the same formula every time.
when fighting muslims dont provoke their jealousy. instead try to humble them before the world abu ghraib as an example
and what you don't do is target the innocent. you look for ssc|_|mmY nations to f0kc. nigeria somalia tunisia iraq as four good examples. such can't really fight back a genuine military so bombs away etc...
what's the use of a military if you won't use it. and no one's really innocent, Allahs anger on the wicked
Branding Canada as a "Safe, wealthy, and open country" is the biggest tourist trap I've ever heard
It's safe, but you'll find areas in any city which are considered no go areas. It's wealthy, but that doesn't say anything about how this wealth is distributed...
Because it is
Fuckin' spoiled westoids trying to compare Canada to Russia or eastern Europe when it's one of the best quality of life countries in the world next to Sweden and Norway
🤦♂
@@etziowingeler3173 this
@@etziowingeler3173Most its wealth goes to the Ontario and Alberta. And it’s still far richer than saudi arabia….
@@aimxdy8680doesn’t come to alberta, just to Quebec and Ontario
the line city genuinly baffles me, cities spawl outwards in all directions for a reason, spread 2 points randomly on a shape, a circle will be most likely to have the shortest distance, ease of access is important for a city, you don't want a firestation every few miles you want one fire station which can travel miles, you'll need way more infrastructure just to support a quirky impractical city.
high speed rail exists now though
@bestuan hsr is great but not when we're talking about like 1km distances
@@bestuanputting a literal rail line for a narrow stretch would be the most insanely inefficient use of infrastructure ever
@@bestuan i love highspeed rail as much as the other person, but it's designed to be cross city transport not inner city transport.
maybe if its as fast as the london underground with its stops with trains going both ways then maybe but that is just extremely wasteful for each station to lead to like a dozen buisinesses instead of a hundred or two lol
I think that's exactly the point: it's meant to be impractical and dumb, so we all will want to go and see their dumb city. It will be like Mecca for non-Muslims: once in your life you just have to go and see the dumbest shit ever. The question is, who will live there?
The Line will be cool to explore once its abandoned
They will probably get around 10ft of it done lol.
Itll be a good third person action adventure game map
The line is a desert copycat of Prora in Germany change my mind
@@thekraken1173 its literally from spec ops the line
@@hakijin Just remembered that game lol it is the same
tourist economies are inherently unsustainable because they require people to travel long distances to visit a place for a short time which uses a lot of energy
Exactly. Another aspect I'd like to highlight is that the tourist economy is like the equivalent of an Instagram "content creator". You managed to carve a niche in a very volatile market, great! Now you need to keep doing even wilder stuff than the stuff that got you relevant if you wanna stay on people's minds otherwise someone else will build something fancier and people will just go there. Say, China decides to build a "China Tower" that's 1.2 kilometres in length- look at that?! Suddenly that's the new hot thing, if nothing else your Jeddah tower is not capturing any tourists from China anymore.
So, yeah, it's all fun and games until stronger, more stable economies decide to build something fun of their own (that's hopefully a lot more thought out)
And who are they supposed to draw with these things anyway? Anyone from america is too far away and neighboring countries don't look very stable.
And it doesnt help that you can be accused of witchcraft and be sentenced to death lol
What does that even mean, use a lot of energy??? What energy? Oil? If so who cares they are coming to the country to spend money th you talking about.
you forgot mecca is in saudi arabia,which will attract tourism unless there are unforseen circumstances,all they have to do is to improve upon the city's infrastructure and will guarantee visitors swarming in
Look at all the money they have to spend in order just to attract a very small fraction of tourism that México gets on a regular basis each and every year. All of those mega expensive projects are doomed to fail. All of us regular folk are going to be priced out of there immediately.
The fun thing is to visit Saudi Arabia you have to take a plane and if taking the plane becomes to expensive due to high oil prices it means it is not affordable for tourists
@@GwainSagaFanChannelThey essentially decide the price of oil by increasing or decreasing the supply as desired
@@dioniscaraus6124How is that relevant to tourists travelling to and from Saudi Arabia?
Are you implying that they would crash the Oil price just to make it cheaper to travel there by plane?
Inherently the most fundamental problem for tourists is Islam.
Muslim countries just aren’t that attractive to the vast majority of western tourists, no matter what they build or create it won’t change the fact that it’s an extremely backwards and theocratic place where women are treated as little better than slaves and public executions via stoning to death, beheadings and hangings occur regularly.
Saudi Arabia, big empty desert with a couple mega cities, also hot af.
Mexico, nice place, fun in both touristy & 21+ things, good food, average person is usually nice & doesn't give you shit at your poor attempt at speaking Spanish.
This is such a small thing but how did you make the sponsor colour bar multicoloured and shrink nonlinearly 🤯
Vision 2030 sounds like a 14 year old designed that.
Lets be energy neutral! Yeah lets also build a open ski resort in the desert 😂
Instead of acting like a Pajeer, see the real Agendas: www.vision2030.gov.sa/media/cofh1nmf/vision-2030-overview.pdf
It's not like anyone besides Western countries is actually willing to cripple they're GDP for climate change.
I know 14 years old teens with better taste and ideas
@@baha3alshamari152 why with the hate?
@@sowonkunon mvs? Because it's mvs. On 14 year olds? Because everyone is dumb & cringe at 14, then they grow out of it.
So weird watching the country of aging medieval throwbacks turning into a crypto bro playground.
I mean, Soviets and Chinese did it
Go to Israel you’ll have the best experience of what’s it like being in the 20th century
@@Явозбужден20th century Switzerland more like, an actual paradise surrounded by its neighbors
Dilate
@@ЯвозбужденA paradise amidst jihadist states?
@@ЯвозбужденIsrael is racists af tho. They are too into the "chosen people" thing.
Video suggestion: how Iceland became From one of the poorest to richest countries in Europe
They're only 370 000 folks, it's like a miniaturized version of a megalopole like London. It's irrelevant to study it even though their gdp per capita reached $68 000
@@tagheuerwoods6241you are the irrelevant idiot here😂
@@tagheuerwoods6241it’s interesting tho since Iceland was least advanced nation in Europe and one of the poorest countries in Europe at the time, while UK always was kinda rich.
@@simmilimmi5383We were the least advanced until after WWII. I think we industrialised in the 50s
The Marshall Aid. There, done.
We’ve been hearing that oil would run out for decades. When I got my license in 2001 we were supposed to run out by 2010.
The thing is if we dont get out of oil. Carbón and gas there would be no future in most countries. We have 9 consectuvie months keep breaking the récord of warmest ever... I am experienced now I bet you Will se some changes this summer. more wildfires. And less especies and more crops failing. More countries being destabilize or failing water problems. Etc etc etc. Doesnt matter if you believe or not is already here. The north pole is also melting fast i mean fast.....
@@rioluna6058 co2 is not causing global warming. The only huge laboratory big enough to calculate stuff like that that isn’t paid for by the lefts insane agenda says that 100% co2 wouldn’t cause global warming of just a defree if we used 100x more than we do. Go do some research on the years 600 ad to 1200 ad. It was way hotter than it is now on average. The sun has cycles just like all celestial cycles. Co2 is good for the earth and GREAT for farming. Do your own research. Don’t believe the news. They’re using co2 to control you.
Its not really gonna run out soon, especially with the US reserve
Its just gonna be veryyy expansive and get beaten by electric and public transport down the line
I'm willing to bet Saudis have some hidden oil settlements we don't know about.
😂😂
As the film crude awakening points out, the largest oil field in Saudi is mostly pumping water.
The fact they moved to offshore drilling which costs a LOT more shows onshore is running dry.
Oil will never run dry, oil is a naturally producing mineral that regenerates infinitely.
@@HamguyBacon some truth to the abiotic oil theory, but usage rates are higher than refill.
on another note on this platform a video shows we can grow oil with the ancient diatoms that likely grew the old source oil,
and boost the effect with vertical hydroponics. search on on here for "33zulu new biofuel", and thus we don't need to drill anymore
or have resource wars for it either.
😂@@HamguyBacon
@@markotrieste I don't know what you are laughing at.
@@HamguyBacon at you and all the believers of the abiotic "theory".
"Oil is DONE"
7 seconds later: "Obviously we will never be done with oil..."
We technically still use Asbestos, but Asbestos is definitely "done"
Fun fact: My great grandfather was one of the oil workers that was there when the deal between the US and Saudi were constructed. The prince at the time gave them all special camel whips (that we have), where when you pull out the whip part, a blade is underneath.
I now also have the camera that took the photo of the very first oil gush in Saudi
(and no we did not get a penny of that wealth he made LOL)
Slaves😂
Could probably make a decent amount of money with that camera or whip though.
@concept5631 nawww those are some heirlooms tbh
Though if we're ever in a desperate situation I'm sure some Saudi prince or oil magnate is gonna get a kick out of it
@@GravityTrash Fair enough
Sucks, but they keep the world running dont they..
Honduras mentioned at 8:00 and you got our colors right nice! :D
So.instead of being a rentier economy based on oil they just become a rentier economy based on stocks
Works for Norway 😃
Norway is a country of 4 million with almost twice the size of SWF as Saudi and people there can actually work their asses of. @@zarmeza
What work for a country of 4 million and the size of Texas won't work for a country that 63 times the size. Part of norway isn't liveable. Swede almost have of it population of 5 million live in 2 major city while the rest are scattered through the other cities. Also they are small as well they can make use of the land. Jt also you dontwant to destroy the landscape. Haiti keep cutting down their tree which has damage the ecosystem of the wild life. With climate making it worse plus the environmental disaster. The government has done. Othing or was given humanitarian help along prevent .ore destruction yet they scandrel the money. @@zarmeza
Don't put all your eggs in one basket.
@@MerajLXNorway has population of 5,5 million not 4
Props for showing Formula E at 13:17 instead of just another F1 picture. I also love the seamless transitions to and from the War Thunder ad.
These megaprojects will become amazing movie sets. Either for a post-apocalipse or a paradise tipe of scenario
I’d only be down to visit saudi arabia in the future if it meant exploring some of the half-built/destroyed remains of those megaprojects
@@alanledger1858 the hateful wishful thinking is nothing new there are a lot people like you guys & been around for decades only to be disappointed every time
I mean it's a hail Mary move to help replace some jobs after the oil collapse. But honestly if the Muslims in the past made turkey fire that burn for a long time as a weapon in medieval times. Why can't Saudi make hybrid oil which I'm sure most of it is anyway for a long time. I'm sure hydrocarbons have been altered for a long time already.
@@aldeweeshyou must see how building a line for a city is unstable?? Arent you worried that MBS is wrong and will bankrupt your country? As fterall, his only legitimacy to power is by birth and not by merit.
@@aldeweesh Saudi citizens when they turn coping about their oppressive, hypocritical, war criminal country and sucking the House of Al Saud's cock into a competition:
Why would anyone go to a desert for a vacation? 😭 The second you leave the airport its boiling.
That transition into the war thunder ad was god tier. I almost felt bad when I skipped it…almost.
why are your videos so good
I guess they tried to build their education system as well. I remember my high school chemistry teacher was offered a job in Saudi and he couldn't believe the amount of money they were willing to pay. Despite all that, he didn't want to leave India.
It's not so easy to attract intellectuals as it is to get labourers with cash. Educated folks will also want better lifestyle and social liberties.
What happened after these years? Because I remember that there were a lot of servants and hospitality OFW (Over Seas Filipinos) in Saudi, and I think they were getting more raises in salary & treatment too
If the money’s good, they can attract anyone to teach. A lot of teachers from the U.S. go abroad to teach. My history professor had a colleague fron Australia that went to saudia Arabia to teach.
@@MiddleKingdom305 sure, some will go, but not everyone. Is that enough? Do they get good returns on investment? We'll find that out when the oil runs out.
I have an uncle that went over to work at Dubai. Litterally seized his passport and stranded him there.
I was a kid when that happened and living in the states, it was kinda confused how that was legal.
@@honkhonk8009they still do it today to workers from India and Africa
@13:13 i dont understand the problem with the winter games. Saudi Arabia isn't all desert. it has snow.
It seems that it will be a long way to erase the stereotype about the desert😩
north saudi has snow
@@bobam26it’s not a stereotype it’s reality 😮
where? it's pretty rare in cool places like abha
@@nasercartoon6067 in Tabuk
I literally had a class about this last week, how interesting!
Edit: also, is this the first time Georgia's animal has appeared on the channel? I like it!
I have been hearing this peak oil scenario for over 40 years. It's always coming but never gets here.
This is the best comment. Many people make predictive statements that turn out to be false, but rarely do I see them called on their bull shirt. For some reason people still listen to, and believe, the same crap year after year.
Yep. Oil won’t run out. The west just wants to get rid of its oil dependence from overseas.
They’ve been pushing green propaganda hard, and we keep falling for it.
Oh well, people seem to be waking up to the EV-boom hoax.
Lol ikr were so dependent on oil it's impossible to shed it way too cheap and reliable
I feel like that's because over those 40 years the predictive models got better and big oil have lost their power to silence and control policymaking.
Same goes for the climate change scam, 74 years and still running strong.
They always move the goalpost for "peak oil."
what do they even mean by "oil" anyways. if it wasint for crude oil, we could easily make plastics and fuels from direct biomass. the first cars ran on peanut oil for god sakes...
It’s no longer Peak Oil supply, we’re now talking about Peak Oil demand. Meaning, we went from worrying about running out of oil to Oil companies worrying about us running out of desire to use it, especially as more Renewables and Nuclear comes online. Now we just need to get Nuclear Fusion up and running and oil as energy will be virtually a thing of the past
@@dx-ek4vr That will never happen. Oil is too convenient to ever become obsolete, being a liquid (easy to transport) with incredible energetic potential (cost-efficient).
Nuclear could definitely replace the demand for the electrical grid, but it has a serious problem: how to deal with spent uranium fuel, which has a half-life of hundreds of thousands of years. We literally can't think on that scale; that's many more times longer than written civilization has been around.
@@fakeplaystore7991 - Thorium designs have greatly reduced waste compared to uranium reactors, but no government will use them because they produce weapon-grade materials far, far more slowly if at all. Thorium reactors could basically power the world's energy needs, even including an exponential increase, until the end of the sun.
@@fakeplaystore7991 Spent fuel is no issue. It's entirely manufactured concern.
The longer the half life, the safer it is. It's the stuff with a few days/years of half life that are dangerous. You fundamentally misunderstand radioactivity. The shorter the half life, the faster an atom loses particles to transmutate into an atom of a different element. Think of the Geiger counter - the creaking sounds get faster as radioactivity increases. Something with a half life of a hundred thousand years can be held by your bare hand. Something with a half life of 30 years has to be dropped immediately and you need to run around the nearest corner.
I’ll give it you, the War Thunder add transition was smooth
That's a decade in the future, and they're always wrong about predictions that far away.
Funny you should mention that - I believe you. Predictions have consistently underestimated how quickly solar and wind power over the past decade, after all. The end for oil could be even sooner than predicted.
@commoncoolchannel8588 100% this
@@commoncoolchannel8588you do realize that we still use oil to make the majority of the parts that make up the windmills and they still break down very quickly due to how it is made that allows it to make power same with solar not lasting long at all due to heating and cooling down constantly to generate power the only other energy that could be green is nuclear energy which is literally a giant super steam engine and it's even more powerful version the nuclear fusion generator it's produced more power than the nuclear but we need to find a way to upscale it to make it truly viable
@@commoncoolchannel8588Not to mention nuclear, oil would already be obsolete if ”certain groups” didn’t hinder any developments and implemetation of nuclear power.
This is in 6 years which represents almost half a decade, gosh you're bad at maths lol. Also, it's called strategic forecasting and I don't think a country can afford mistakes for this kind of decision making
I feel like they should of started these projects in the early 90s
3:11 it's much MORE than 70%! Most of what can I read off this chart is materials synthesized from petroleum. Polymers, alcohols, etc...
he was talking about oil as fuel though, not as product like plastic and lubricant
"When a problem is solved by money, it's not a problem, it's expenses"
What
@@hata6290 what what?
Very true. These oil tycoons know their way around any and all problems. But they're still expensive.
The thing is oil isn't about just fuel but numerous other oil derivates that come from it, so if you cut the fuel use out of it, there's still going to be need for it
Okay, you make more chemicals, they get cheaper, you make less profit.
Oil goes from liquid gold to just another resource like iron or aluminum.
Yes however if you take 50% demand for a product away there is a monetary impact of epic proportions, there's a reason SA is freaking out
there's no need for oil products it's demand created by big oil
About 60 % of the oil consumption of European countries goes into heating homes and fueling road traffic. The use of oil as actual feedstock is in the low single digit percent. Should the developed nations be able to switch to renewables (and maybe fusion) for their heat and transportation needs the demand for oil will collapse. Especially since the chemical industry is also looking into replacing oil with renewable carbon sources. The CO2 from carbon capture could become big in that regard.
Yes but prices will crash and will remain so for a long time
It's the most clean and fluent transition to AD I have ever seen in my life.
Without cheap oil, we may forget about cheap travel, especially by plane. And without airplanes, say goodbye to long distance tourism into such a remote areas as the near east.
Nuclear powered passenger ships
Then the aviation industry needs to start innovating fast then.
Without cheap travel imports and exports are gonna go through the roof doubt they'd remove oil if its gonna turn it too expensive
Planes are moving towards biofuel
@@MBunn-uf1we i love nuclear energy but nuclear powered vessels sound like a bad idea outside the strict government controll
They said the same thing in 1978 we currently use orders of magnitude more oil than then. Oil isn't going anywhere especially when people figure out that battery EVs are a poor, and in some cases vastly inferior substitute to the internal combustion engine.
"Oil is a technically finite resource". There's no "technically" about it, it is 100% finite and does not renew. That's literally the reason why everything else is called "renewable"
Well, if you wait a few hundred million years you could find it again.
Well, if you theoretically increase the timescale, you can get it to a point where it does renew. Renewables are called that because they renew at a technically usable timescale
The reason I put that in is because we always seem to find more oil than we use so our supply keeps growing. It is definitely finite though
@@ANDREALEONE95 yeah well we probably won't be around by then. And thats wayyy too long of a time. So its called non renewable
@@ANDREALEONE95 by that time the sun has consumed the earth and life is extinct on the planet
Saudi Arabia has just revealed a valuable mining discovery underground, worth more than SAR 9.3 trillion ($2.5 trillion). This nearly doubles the 2016 estimates of SAR 5 trillion ($1.3 trillion).
Minning what?
Im sorry genously curious. I Will Google it regardless maybe this bit of informático is quite important
Just a ksa bot.
There nothing of such dont believe this idiot
MBS needs to be worried. They could end up like Venezuela. A decline in the use of oil is a HUGE threat to the Royal Family. Far greater than anything Iran could do to them.
@RogueGravitasHater
not really. you can't rely on all of mena africa to apply themselves learn gain skills organize and plan. what these countries need is dictators with leadership skills best case is the success of uae. equatorial guinea per capita gdp is above $50,000 on par with usa yet their dictator forces his people to remain in the stone age. poor leadership would have been equally bad for the khaleej
Venezuela was sanctioned and their cost of producing oil is high.
This is only in your dreams 😂@RogueGravitas
The danger is not as big as people think. As was correctly pointed out in the video, regardless of what the rest of the world does KSA will still be able to use the oil themselves as a cheap energy source, and the less they are able to sell, the longer they can rely on that. And people adapt under pressure. Once the foreigners stay away because there is no more money to lure them in, the Saudi people will figure things out.
Fun fact : KSA has reached the 100 million tourist goal that was put in the 2030 vision before even 2025
These numbers are manipulated numbers
انا من السعوديه واحب جوجو. صورة حسابك حلوه!
Whatcha smokin
Proof
@@wotizitgoogle it
that sponcer transition was so clean
"Peak oil" been hearing that for quite a while and i'm only 24...
I've heard it a lot longer. It was supposed to peak in 1970, then 1978, then 1990, then 2000, etc etc.
It's been happening. Saudi Arabia wouldn't be offshore drilling if it hadn't
@@The_Ballo peak oil means the maximum consumption of oil ever, "peak" as will only go down. It has been rescheduled several times already
@@mrreziik Saudi's light sweet crude fields peaked in 2001
@@The_Ballo peak oil is not production, saudi does not matter here
“See now I take trips to Baghdad, use a stack of chips to count Arab money now. I don't need to get fresh I'm bout to grow a beard dude. So much cake even the money look weird too, don’t mess the bread and the broad I'm trying to eat like Prince, respect the value of ma work in Maui, Malaysia,
Iran and Iraq, Saudi Arabia!” Busta Rhymes
i thought that was a cringe rap by andrew tate. none of it makes any sense
Saudi could have just kept the mega projects simple. Try to create reforestation, add renewables and simple properties if they think numbers will rise.
13:40 I’ve never heard MBS speak in English and it just makes so much sense he talks like some Miami tech bro
That's just the accent, try looking up a saudi trying to say literally XD
@@extra_ram_noodles it’s less the accent and more that he has that “business bro” cadence especially the mixture of speed, crispness and “hard stops” that a lot of younger consultants, startup founders and venture capitalists use - combined with the slightly forced “professional tone” that sounds like someone who usually speaks informally overcompensating to appear credible.
It’s the “rich manchild with power” voice and I know it because I speak like that during office meetings lol. Game recognizes game.
@@extra_ram_noodleswe hate your language
@@extra_ram_noodlesletrale
@@joKRjokr11 Oh how i'm devastated of the fact. Look at me, i'm so sad.
They could pretty easily deal with any revolts generated by the revocation of oil benefits, given that they have a huge army dedicated almost solely to doing this
2 decades ago at University I was told that by 2020, all the oil will be used up.... Today the countries that don't have it are failing and more is being found regularly.
its just bs talk man every year they say it will be the end of fossil cars but aint nobody can afford that crap 😂
And Toyota and VW have decided to stop making EVs. Oil is here to stay.
@@michaelotieno6524I guess the air killing us first is what we really have to worry about. Or forests burning.
We have it for others 200 years
@@Humanresoucesso called renewable energy seems to cause more forests to burn and worse health impacts than oil. The mining required for lithium ion batteries is brutal!
you can make a paper out of this, damn dude
very well done
Saudi arabia bout to follow venezuela's footsteps if they don't switch from oil.
SA has a smarter government than Venezuela tbf
They can't as they don't have work culture. The real wealth of nations are its productive citizens. Look at Japan and Korea for example. They don't have a lot of natural resources but instead relies on their people's brainpower to create valuable industries that the rest of the world needs.
You can't just buy culture with oil money.
How
That’s what they’re doing, the whole video was based on that…
@Akarsh2008 no.
There are 13.4 million expatriates in KSA alone, if it goes down the global labor market is ducked, and so are we.
most of the workers are from india and pakistan which together has over a billion people so it won’t really affect the global labor market
@@ab_12_8 duuuuuuuuude, I live in Pakistan (unfortunately), ppl don't want to live here at all, that's why they're in the gulf, bcz they couldn't find employment here, same in India. out of the 30 million expats in the gulf, millions maybe more than 10 million will try to make it to Europe by all means necessary, and you know how the refugee's crisis turned out to be.
@@Naveed_Ali_Apolloconsidering Europe increasing anti immigration stance these people are probably stuck in the golf for a while honestly the gulf is insanely lucky to not only find oil but have 2b poor people ( I know it’s rude I’m sorry ) right next door to exploit
There isnt a former coal mining boom town in the developed world that hasnt shrunk and collapsed since the death of coal. Even in places like Poland which still burn coal a lot, the coal towns have all shrunk and become rust belt like cities. I am from an American rust belt old coal town. There are so many early 1900s mansions in the city, despite there being almost no wealth or job opportunities. And coal towns in America are all in great climates, with lush and fertile land and terrain. In other words, they are very habitable places, if jobs existed to keep people financially viable.
Saudi, Qatar, Bahrain and these desert nations with oil will suffer a far worse collapse than the American or European rust belt. There is no reason at all to live in a scorching desert that has no jobs or growth. There is no history there, no great old mansions, no beautiful plants of trees. Just deserts, shopping malls and shiny ugly new buildings. They are screwed, big time.
I can picture several of these post-coal cities in Europe and you are right, they are depressing even though they are in the perfect place to be nice.
Now imagine a post-oil Dubai or Riyadh... I hope the tourism and diversification card plays out well for them, otherwise they will turn into hellish dystopian death traps
U know nothing about the place lol, they have such great historical importance (in islam for example) that the country will never be abandoned
That's also why they are so spoiled hahaha, I truly wish them the best but yeah it's hard to run a country that's mostly desert
That you don't see the value of this land doesn't mean that there aren't billions of people who do
@@Summer-oz6mg that doesn't guarantee anything. Historically important countries and cities have also succumbed
@@osasunaitor There is a case to be said for Mecca and Medina at least. Even if Saudi Arabia tanks, you still have what, a billion Muslims who hold those places as sacred.
I think it's a similar thing by Israel - a lot of Israeli immigrants, instead of other reasons, are ideologically motivated, by religion (holy land) or by nationalism (Jewish state), and they help prop up the population and economy.
In the case of SA, it's probably better they're pilgrims - they need visitors to get money from, not more citizens to give money to.
I think if anything, those two cities are the best off - they will always have an economy. The rest of SA though...
@@osasunaitora country focused in turism is also suicidal, the moment a crisis or financial crisis happen there it goes
Tbf though, oil ain’t going anywhere and will still be used in centuries/millennia as it’s not just used to power cars like you’ve forgotten about all the other oils, greases and lubricants that have no ‘clean’ alternative whatsoever.
you people are so dumb and centrist. hemp can do all the things oil can without the costly machinery to pump and refine. the only reason we still rely on crude is the coproate lobby and hoser is the worst corporate apologist of them all.
Also farming and building new renewable energy that will have to be maintained with more oil
You can pull carbon out of the air and turn it into jet fuel, the US airforce has already done this. The problem is cost. Only the most economical solutions will survive and oil will probably always be available but it will not always be cheap.
@@dioniscaraus6124 who told you? corporate media?
@@jacobjones630 it will always be cheaper from saudi arabia specifically
Oil isn't really dead, though. Global mining capacity is comically short of what's needed for the EV transition, and oil is used in damn near every industry in existence as an input. It's still gonna matter for a long time, even if it isn't used quite as extensively.
not to mention 'carbon neutral' is already losing steam with farmers and more protesting in europe against it in droves, and americans already starting to do the same with a shift towards the right over time.
at the very least carbon neutral is going to be weakened or postponed, at worst it could very well be thrown out by more conservative governments
@@thomaszen3622 Human greed isn't the issue here, it's the fact that basically all of our modern tech relies on oil in some fashion and nobody is willing to go back to living in pre-industrial times. There are better ways of preserving the climate than trying to stop using oil.
@@zibbitybibbitybopI mean, not burning the stuff would probably help. But oil products are just hydrocarbons, and can be synthesised other ways, it’s just less convenient. Lack of oil doesn’t mean no plastic, it means more complicated chemical supply chains cause you can’t just distill one pre-cursor into most of your starting products.
@@thomaszen3622 If wanting to live a modern life is greed, I and many of us will continue to be greedy.
@@SkigBiggler Synthesis requires energy, collecting raw materials also requires energy, and moving away from fossil fuels means energy is more expensive, people will still become poorer and their living standards will fall back due to rising prices.
As a Norwegian, I'm not sure if we're the smart ones or KSA is. We're investing all our money into Meta, Alphabet, Microsoft and Apple, meanwhile KSA is investing in themselves...
The Saudi investment fund ‘owned by the royal family ‘ is doing the same thing. This is a sound strategy
Thats what I dont understand about Norway. Why invest in other countries stocks??
What I like about the Americans, is that all the money they make? They spend it on their own industries.
Spent a couple billion making missiles to fight the commies? INVENT THE SPACE INDUSTRY
Spent a couple billion getting Uni's to talk to each other? INVENT THE INTERNET
They spend it on industries that actually matter.
Their country is literally mid-tier when it comes to natural resources, but is S-tier when it comes to everything else.
American capitalism is goated because while it basically says "yo fuck the poor", it makes you incredibly rich if you put in even the slightest of effort.
UPS drivers making a shit ton of money, while Mcdonald workers earn the same minimum wage, comes to mind.
as long as you are in nato your future is sealed
Bro like I am from a town in ksa its not that big but 4 billion Rs investing in our town bro😂 that sound crazy iam so happy to see what we are going to have.
@@7reygh wishing the best for saudi, i plan to visit at some point in life and hopefully when these projects are finished
Well researched video
The same things were said about Dubai when it was a desert. They said it was just a bubble and it would end, but they succeeded
Let's see what happens in a few years and judge.
The last conference, dependence on oil increased from 70% to 30%. We succeeded early. We expected it in the year 2030.
@Sick_Pencilnope it is not
Well done and thank you!
Thanks hoser for continuing to make fascinating geopolitical and economic videos about certain places in the world. High school is exhausting and you really help me out with it so thank you ❤❤
That War Thunder ad matrixed me, I wasn’t ready. I’ll never smoke while watching your video again, I thought I was tripping.
15:26 OUF as a Canadian that hits a little too close. I hope the housing market implodes one day so I can afford a house
Forget it, until there are new homes made of concrete and occupying modest space there will never be affordable homes for the humble worker in Canada.
will never happen so long as houses are also a way to generate income for the private sector.
@fdhgbjsk I think of this, but the heat. I don't think I could ever live in a desert (even though my ancestors did)...
Canada is so irrelevant on the world stage it might as while not even exist it’s crazy to me how people even live there
Sproke bbc and meds
The same words were said about oil 40 years ago. However, the demand for oil has not changed, but has increased.
Population also increased FAR MORE, but less oil is being used per person. Reading comprehension is important buddy.
Never lived or studied in/about Saudi, but did all that in Qatar for years. Qatar is dependent on gas, but they also have extremely savvy investments around the world. They own real estate in major cities, they have large shares of powerful companies, and they have growing political influence given the hotbed of sociopolitics that is the Middle East. Saudi has a pretty similar situation so I imagine it has a couple ways out once the fields run dry.
I like how they plan on offering flying race cars, like in Star Wars. Must be all those Saudi scientists and engineers working overtime.
We will still need oil for non car production. The move away from oil will definitely impact the gdp of the mid east but there’s still so many byproducts used in everything
Many different uses but all of them very small in terms of volume. For example I fill my car up with 16 gallons of petrol every two weeks. That's about 60 kg. What mass of plastic and other petrochemical based products do I purchase in that same period? Far, far less.
Saudi Arabia has a long way to go before tourist will pour into the country lmao
are u saying tourists wont flock to a country where sharia law is applied?
@@vengxance Im not gonna help them for free they can pay a tourist expert if they want help
with their current laws, yeah ill pass
@@exeexecutor oh my goodness, the royal family must be distraught that "@exexecutor" on YT won't "help" them!
@@Blue-bf8lv bruh I'm a muslim and I DONT WANT to go to saudi except for hajj, aint gonna stay in a country that is stuck in the medieval era lmao
Becoming water barons is probably a good move looking at how winter is going here in Canada this year. Nestle boguht up all the water here so Saudi might be the only nok corporate entity exporting it when USA and China start getting thirsty.
They have glaciers.
15:18 Philippines mentioned 🗣️🔥🔥🔥🇵🇭🇵🇭🇵🇭🇵🇭
Cringe
I think what the Saudi government is doing right now is very smart. They know they are entering a time of deep transition and require the trust of its citizens. The best way to keep people happy is to give them something to cheer for. Build them a new stadium, buy high level names, bring big events to drive excitement, that’s how you keep a populous distracted while changes are put in place. This could also lead to a tragic downfall of the entire Saudi society. In the event that these big plans fail, the government will be made a mockery of and it will fall back into the despair of oil. The Saudi elites need to make sure they can strike a balance of diversifying the economy while also using what is working to move ahead. This will be an interesting next couple decades from them.
the governements job is not to pamper its citizen, rather provide them with services and a level of security, freedom etc. And what plans do they have that you think will save them lol. They have no plan.
Its a ticking time bomb literally since he cannot pamper his subjects for eternity.
It has been a transitional period for the kingdom, and this is a government that was established and has been in existence for 300 years. It has fallen more than once and has come back more than once. Therefore, as a Saudi citizen, I believe that the kingdom will not fall because of its people. The people are the government, and the government represents its people. The love of the Saudi citizen for his government is incomparable, and this was the kind of love. 300 years ago, my ancestors’ love for the green flag is not related to comfort or luxury, but rather to the relationship between the rulers and the people.
@SandySurf Thank you, I don’t see many like you when I read your comment. I liked it so much that I would like to send it to the Saudi Investment Fund 😂 and more than one ministry, but indeed we are on the right path, brick by brick, developing and making it better in all fields, learning from neighboring countries and taking global experiences.
17:41 great video, but there was a slight mistake , the average Saudi is more educated than the average Canadian and Gabonese according to the graph not the other way around
yes, very confusing
Oops, that is confusing. That's a graph of GDP per capita by year, not education
@@h0ser where'd you get the education statistics from though?
@@h0ser according to the education index of the human development index Saudi Arabia was ranked 38th in the world with score of 0.789 out of 1 , slightly behind UAE and Italy with a score of 0.8 & 0.79 respectively and ahead of Portugal turkey and Brazil , on the other hand Gabon was ranked 99th in the world with 0.65 out of 1
Saudi Arabia may attract the ultra wealthy, but I highly doubt ordinary folks will afford to go there.
It's always a perpetual "60 years of oil left" ever since the 1980's.
This is DEMAND, not supply
i was about to write a paragraph on why you were wrong on most parts, however i saw till the end i agree when you said economy is made out of people and not massive buildings and tourists, however saudi has the fastest gdp growth out of the g20 countries for 2022 and 2023, and saudi is still growing as fast as ever, the attention saudi is getting in these past years is promising, saudi now has the role for 2030 expo and 2034 world cup, saudi is also aiming for electrical dependance not just because of them not wanting to run out of oil, rather itll be more benefical for the next generations. its alot more reliable to rely on innovation and science rather than one material.
in a way saudi is investing in everything which isnt a bad thing its just if the ambitious projects will actually be finished or not, i live in saudi and i already see them doing work for the cube and so on, theyve already bought land from the citizens and are starting on building.
in general, saudi has a bright future but the only thing im worried about is riyadh, alot of people are focused on the economical city of riyadh which is where alot of jobs and stores ect are, this is a problem because it causes alot of traffic, if they just adjust the roads and traffic then saudi will easily be one of the best luxury countries for tourism.
Uhh but.....
At least they have a vision that isn’t just growing their Military Industrial Complex or Pharmaceutical companies
As a roller coaster nerd, there's already plenty of us planning to check out Qiddiya whenever Falcons Flight (which will be the tallest, fastest, and longest roller coaster in the world) opens
Yeah.
The concept is pretty cool. (I mean, esports arena? ROLLER COASTERS? Sign me up.) Just, erm... yeah.
It's been 7 months since this video and oil hasn't collapsed.
It will be 25 years and it will remain according to studies and it will increase
Seamless ad transition. A+
And it makes sense considering that heavy military vehicles are not able to convert their fuel into electricity (it would be doubtful for a navy to use nuclear).
Was so smooth omg
Most of it interesting, BUT
Oil is no way dead. Won't be for decades.
This is true. We've been hearing "Oil is Dead" for decades. It's less a prediction and more "If we keep saying it, when it eventually happens, we can claim we knew all along."
Plus...electric vehicles still suck. I'd like them to get better, but they just suck at the moment.
Oil won't run out, no. Honestly it probably won't even be replaced by renewable energy. But it is going to get more expensive. Engines are getting more and more mileage, and plastics are being used less and less. The demand for oil is decreasing; driving up prices, further incentivizing alternatives.
@@skywillfindyou Theres something charming about oil.
im so early, human kind havent discovered oil
good to know that taxing the world for years will lead to a nice line of houses for the rich out in a desert somewhere, truly giving back to the community