February 27, 2013

Oil Is Dangerous in the Wrong Hands

Claude Salhani, OilPrice.com


EC

The discovery of oil in the Middle East around the 1930s has had a drastic effect on the lives of the people in the region.  In most instances this black gold buried under the sands of Arabia has impacted the lives of the people in a rather positive manner. But not always.

The wonders accomplished by some of the oil rich sheikdoms of the Gulf region is nothing short of amazing where they have in a very real sense, made the desert bloom, and then some. Oil, there is no question, has changed forever the way people live and work today. And these changes have for the most part been positive. Look at cities such as Dubai or Doha and the marvels they have achieved; how the governments with the help of oil revenues have managed to raise the level of living for the vast...

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TAGGED: Oil, OilPrice.com, Energy Security

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