Saudi Arabia's Gamble to Stop a Total Collapse
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- Опубликовано: 11 фев 2024
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Why Saudi Arabia is really building these insane projects.
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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
Once a Saudi Oil Minister said "Stone age didn't end because of shortage of stones". Looks like he knew what he was talking about.
Wym? I don’t get it 😅
@@McLovin16x29 The meaning is 'even if the oil doesn't end, there will be alternatives to fossil fuel'.
That is such a raw quote ong
That's such a stupid saying, oil is a much more finite resource than stone
@@xXLandCasterXx I don't know if you understood what he was saying, of course everyone know oil is finite that is why he was asking his government to diversify its economy so that even when the oil doesn't end there will be alternative fuels and nobody might need fossil fuel anymore. Just understand the context.
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
@@Abod5577. Bro I don't see any racist offence in his comment. You may just highlight that Saudi Arabia is not 100% desert
@@Abod5577. Women's Rights.
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 @@user-ms9nx5gt5u
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.@@Karlach_
“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
As a Saudi citizen, I can attest that the country is changing rapidly, and the majority of people here embrace these changes and are very optimistic about them 😉
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.
😂😂
Saudi Arabia is the gonna be the first country to make it back to the hood
What about Argentina?
@@Angel_559_Argentina never left it
@@Angel_559_ Argentina is a rare case, almost like the opposite of Japan, but it will not fall anytime soon
"Is it Congo time? I think it's Congo time."
_run totalsocietalcollapse.exe_
@@datchanin17 Argentine citizens were richer than Americans not too long ago, socialism destroyed it.
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.
That Camel looks just amazing.
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.
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
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.
"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.
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
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!
I feel like Saudi Arabia's doomer reputation because of their economic importance on oil is a bit overstated. Oil (and cheaply extracted oil at that) will still be incredibly important for at least another century. What Saudis need in my opinion is a diversification of its power structure to allow fringe and risky ideas/investments to be better challenged. As well as there needs to be something done about how the ethnic natives are incredibly "spoiled" and dependent on the work ethic of foreigners.
I feel like the UK is a doomer population because their economic importance hasn't been felt in over a century, while British comedy is still important for at least another century in my opinion what the UK needs is a diversification of it's power structure. Maybe put a woman in there make her gay and lame. You know something completely risky that panders to fringe minorities. But something needs to be done about how foreign ethnic narratives in British comedy writing are spoiling writers for easy pander jokes rather than actually being funny.
was this just on your mind or are you under the impression that im British
Another century of oil is incredibly unrealistic. Electric cars right now can’t compare with combustible cars but technology is growing at a rate we have never seen before. Oil might go to the back seat by the end of the mid century.
Thats actually whats happening right now, its called" saudism" Simply companies are forced to hire a % of Saudis out of the total Employees they need to hire..
I am Saudi, and I completely agree. Well said
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!
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
Yeah, the gulf nation are also A much slave owning nations, who force immigrant into slave like conditions, known to be beaten, rape, tortured, and killed if they ever spoke out. Nation of war crimes and corruptions
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
As a saudi, i can confirm the kingdom is not collapsing, no im not paid, wallahi.
Nothing happens in KSA now if it wasn`t for those projects it would be complete stagnation.
@@HanzBergman ksa is fine.
@@JupiterNeutr0n Like I said KSA has stagnated now its a dead uninteresting place.
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
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.
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.
Line has been reduced marginally lower from planned 180kms to 2.8kms 😎
Wow oil is so done it only makes few trillion € per year in transactions, how will the companies ever survive??
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
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
Honduras mentioned at 8:00 and you got our colors right nice! :D
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
@@buzzlightyear1010 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.
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
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
We will never run out of oil …never ever ….ever
Smartest republican
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.
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
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
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
@@user-ed6hd9yj7x20th century Switzerland more like, an actual paradise surrounded by its neighbors
Dilate
@@user-ed6hd9yj7xA paradise amidst jihadist states?
@@user-ed6hd9yj7xIsrael is racists af tho. They are too into the "chosen people" thing.
This is such a small thing but how did you make the sponsor colour bar multicoloured and shrink nonlinearly 🤯
Well researched video
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
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?
Future urban explorers will have a field day exploring these vanity projects
Well done and thank you!
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..
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.
So many people think EVs will take over. Mobil electricity is more carbon intensive than a simple gasoline engine. Batteries will not be the future.... The hydrogen economy is set to take over once battery tech starts to show its limitation.
you can make a paper out of this, damn dude
very well done
"Oil is DONE"
7 seconds later: "Obviously we will never be done with oil..."
We technically still use Asbestos, but Asbestos is definitely "done"
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".
arabic names without arabic letters is a pain in the ass to listen to
There is a name that is سعيد which means joy BUT in english its SAEED💀
@@mr.trollman. the absence of ع in english :'(
@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
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
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.
Thnx for the bonus dude 😝
I may not entirely agree with the contents of this video, but i do wanna thank you for putting in the effort to pronounce the names right and write on the flag correctly enough (at least the first time).
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.
Once in a blue moon, we are blessed with a hoser video.
See you all next month!
The Line will be a popular abandoned attraction depending how how far they’ll build it before they quit.
As an Iraqi I still can believe the royal family’s stupidity.
"Popular" it's still a win 😂😂😂
Already been scaled down from 105 miles to 1.5 miles built before 2030.
--- The Guardian, April 10, 2024
@@theone707if it's abandoned and the only people that can bothered exploring are locals, then it's not making money. Its lost money
Doesn’t look like it’s dead
It’s just Europe thinks it can survive without it while it turns into conflict zone sponsored by usa
Everyone pretty much depends on oil but here in Saudi it’s better to have different incomes just in case
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
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
Saudi could have just kept the mega projects simple. Try to create reforestation, add renewables and simple properties if they think numbers will rise.
"you are me" nice one
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.
Formula E isnt all that it seems like. The only eco friendly thing about it is its name. The amount of pollution that is created to craft batteries of which multiple are used in the course of a season by one car is shocking. F1's prospect as an eco friendly sport far exceeds that of Formula E, as it is actively trying to create new biofuels which not only reduce emmisions, but decrease the cost and pollution of refinement.
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
Listen, people, and understand that Saudi Arabia, or the Middle East in general, is not all barren desert, and we live in a barren desert with a camel. We live like you, or perhaps better. I hope that you visit us or watch clips about Jeddah or Riyadh, the capital of the Kingdom of Saudi Arabia. Do not become stupid and write a comment without researching or listening to words. Someone, educate yourself before you speak and see, and now we live in a very advanced civilization, and the government listens to all people, gives their demands, and supports all the young talents who need to move forward, and I always thank God for the blessing that I am Saudi.
الله عليك 🫡
says it's not all desert meanwhile all their greenery is on patches of land constantly fed with water 🤣. I've been to Saudi. It's hot af. You literally have to stay inside all day if you don't want to die from heat stroke.
man, i live in saudi arabia, and saudi arabia is NOT an advanced civilization. we still imprison gay people dude. this country stinks.
Bruh didnt study geography💀
@silco5343
@@xGLADIUSx 😂🤦🏽♂️
Nothing on earth can make me play war thunder ever again. Great video tho!
Mindless games like it make my head rot.
The primary issue is what made saudi arabia a "backwater" to begin with
No water that is
Food will always be imported, heavy industry is limited and not as profitable as elsewhere
I am sure the average Saudi can be educated to work in high level industries as any American, but it's always cheaper for those industries to not be in a literal desert.
All that is left is Oil and refinaries
It might work if they keep relying on cheap imported labor
Wasn't there also a proposal to create an artificial mountain range big enough to literally change the regional weather and un-desertify some part of Saudi Arabia? If they do that, they might be able to lessen their dependance on food imports
Israel pulled it off right?
@@zarmezaYes but israel is not really a dune desert. Theyre in the fertile crescent right next to the mediterranean.
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
كل ما تزين الجلسة يجي اجنبي يقول ان راح نطيح في 60 داهية علشان النفط
هههههههههههههههههههههههههههههههه صدقت والله الحمدالله قاعدة تنمو السعودية بثبات واستقامة
اي بس كلامه صح ترا
@@SW7K لهم ١٠ سنين يقولون ان النفط بيخلص
ميدل بيست
@@erreryhj your point?
Hunger is not a sign that it is God who is dealing with you. Scripture also said " a little sleep, a little slumber, a little folding of the arms so shall poverty come upon you like a Bandit. That is why we need knowledge of saving and investment. It is advisable not to eat our tomorrow and the future of our children today...
Invest with what you can afford, stay in the game, persist and eventually you will reach a satisfying level of proficiency,
All thanks to Mrs Nancy..
We humans are ignorant of profitability in digital investments and that has been the major issues limiting our growth, thank you Nancy.
Absolutely, though My family started with as low as $15000 actually because it was our first time and it was successful, she's a great personality in the state.
Everyone seem to talk good about this Lady, how do I communicate directly for assistance.
We stopped applying for the grant loans ever since my wife got her ref, Indeed she's an opportunity that needs to come across anyone.
why are your videos so good
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.
The world only has 60 years' oil reserves left.
Now when did I hear that before? Oh, yes, it was in the early 1980's. Reality is that new oil reserves are being found all the time, and we most likely won't run out of oil for a very long time.
Never seen such an amount of butthurt in the comments in a video, hilarious, especially how oil has been done for the last 20 years and we are still waiting to be done done :)
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:
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 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.
Wait wait do you like bodybuilding? I laughed so hard when you used a picture of Shaun Clarida in the first 30 seconds LMFAO
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
"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
As long as religion exists, Saudi is not a tourist destination
Think you forgot that people who follow religion are the majority on earth.
What are talking about? Saudi has already lifted the conservative restrictions
bajillion of people are actually paying for the pilgrimage
Peak oil has been talked about for decades. It's a myth
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
Saudi Arabia:
-Has holiest site in islam within its borders.
-Builds a giant clocktower/hotel right next to it
Adds to the holiness
Mecca is a small mountainous city. They need to build big hotels to be able to host the 2m yearly visitors
To be fair large towers near the mosque are a necessity since most people visit mekkah for the mosque and stay a week max therefore close hotels make sense
@@batcnr4884 Yeah, also Mecca is a very small crowded city. I urge you to see a photo of it, it’s filled with towers almost everywhere, pretty much similar to Hong kong, but w smaller towers.
Money can't buy decency or even taste
You know, at least they're doing something smartish and not just driving the country into the ground.
Collapse by Michael C Rupert is a must watch documentary
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
No money in the world would ever make me want to visit a Saudi-run country.
Even a brand new shekel?
then you're just close-minded
@@lofty7632a freer saudi society ****for everyone**** would change his mind.
@@thebestthingbeforeslicedbr8562 idk what your idea of free is but we're living pretty happily over here. and what does your version of "freedom" have to do with tourism? is your version of freedom assuming you're american to be drowning in student debt? perhaps wondering if you're able to pay your rent next month, is that your version of freedom to you? oh my bad, you probably meant freedom of speech of course! we have no real reason to criticize our government, they treat us well with free education, healthcare and even provide jobs for us with high paying salary with tons of benefits. what is there to criticize? what about your government? do you not respect the very leaders that YOU voted for? remember again even if you dont like us remember we welcome you with open arms whether to visit us or to work here from abroad. Love from KSA.
@@lofty7632I'm open to visiting Saudi as long the Muslim majority is now moderate and liberal
perfect, everything going as planned
At least they have a vision that isn’t just growing their Military Industrial Complex or Pharmaceutical companies
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.
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…
They are even more doomed, Venezuela atleast has some farm lands
Underrated sponsor transition 👏🏻
That transition into the war thunder ad was god tier. I almost felt bad when I skipped it…almost.
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 ❤❤
The sons and daughter of the abused migrant workers will have a lot to say about the likes of Saudi Arabia, UAE, Qatar and so on.
The ultimate resource trap