Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Opinions
"Postings of opinions published in the Gulf and international newspapers
 Print  Send This Page
Save Listen to this Article
The day Burgan fields stop pumping oil!   

Kuwait Times - 10 May, 2012
Author: Fouad Al-Obaid

Conventional wisdom has it that all finite resources come with an expiry date. It needs to be on the horizon one day. This notion is particularly disturbing when it comes to a resource we have grown fond of, and has allowed modern development. Oil, ever since mid-last century, has given rise to an economic and construction boom seldom seen in history. Kuwait, just like many of its sister Gulf states, has enormously benefited from the discovery, extraction, production and export of what many have dubbed ‘black gold.’ Relentlessly, day in and out, on a 24-hour basis, oil has not stopped flowing for the past 60 years – during the Iraq invasion period, billions of barrels of potential oil exports were burnt off.

The lifestyle, in terms of modern comfort, is being maintained in this part of the world due to oil income, which leads me to question how would we have developed should oil not have been discovered beneath our desert? In conceptualizing such a scenario, I could not have envisioned a country at all, amid a 20th and now 21st century revolution, without even the most basic commodity – water – available in semi-abundance. Here, temperatures rose to above 50 degree Celsius, there were no real cultivable lands, no historical significance to a technologically advanced globalized world, modern Afghanistan would compare better.

The only reason Kuwait, Dubai, and Doha to name a few cities in our region have developed and left to history their old mud-houses is due to this precious commodity which is soon nearing an end. Depending on different analysis this day could be nearer for some, and perhaps a bit later for others. But the ultimate question that we ought to be considering is that when it does – and it will, what will we do? How will we derive clean water? With what will we produce electricity and in what quantities? How will we commute? What industries will we create to diversify the economy? Will we master knowledge and become a global center of knowledge?

One thing is clear, when it is announced that Burgan oilfield has pumped its last barrel, it will be a day of reckoning like no other. Perhaps, we could be faced with an apocalypse of amplitude not seen in history. If we fail to properly plan ‘beyond petroleum’ economy, we will wake up one day to a city that will shortly start to crumble amid chaos that is seldom seen. Unfortunately, the way things are, when considering the quality of the debate surrounding this important issue that remains largely ignored, I fear for the future.

I hope that we will start waking up to the reality that oil will not last forever, and that it is our collective duty to start planning for a post-oil economy and start massively investing in renewable energy sources and alternative economic activities in order to sustain our current lifestyle and maintain our global relevance.

By Fouad Al-Obaid, Staff Columnist

fouad@kuwaittimes.net
Twitter: @Fouadalobaid
 
UAE sword … and faith in integration
Source : Arab Times  
Date : 2016-02-11
Author : Ahmed Al-Jarallah
The birth of the United Arab Emirates (UAE) was not the result of a political dispute or gambling over a project meant for domination. It was a vision based on...
Muhammad bin Rashid, go slowly so we can catch up
Source : Arab Times  
Date : 2016-02-11
Author : Ahmed Al-Jarallah
Your Highness Sheikh Muhammad bin Rashid, excuse us if we make you bear the responsibility of burdening our governments and leaders with attempts to catch up with initiatives and tremendous...
Syria: Five years more of the same?
Source : The Peninsula  
Date : 2016-02-11
Author : Dr Mohamed Al Rumaihi
The collapse of the negotiations between representatives of the Assad regime of Syria, and the representatives of the resistance groups and freedom fighters last week in Geneva was inevitable. The...
Whither Gulf-India 'strategic' ties?
Source : Gulf Today  
Date : 2016-02-11
Author : N. Janardhan
It is time to look beyond the historic past or the vibrant present narrative of Gulf-India ties. A more meaningful assessment would be to view their relations from a futuristic...
Syria - Retrieving Land is Not Victory
Source : Asharq Al-Awsat  
Date : 2016-02-11
Author : Tariq Alhomayed
Talk in Syria right now focusses on the areas that the Assad regime has retrieved with Russian aerial support and that of fighters from Shiite militias on the ground, under...
Saudi lawyers' fees illogical
Source : Saudi Gazette  
Date : 2016-02-11
Author : Samar Al-Mogren
I don't think it is acceptable or permissible to fetch a lawyer from an Arab country to take up a case in a Saudi court. Suppose this is permissible, then...
The never-ending Arab Spring
Source : Arab News  
Date : 2016-02-11
Author : Abdulateef Al-Mulhim
The term "spring" is used to describe a popular uprising against a political system. It is mainly used in Europe. In the recent history of mankind, the term was used...
Coed or not, it's our choice
Source : Arab News  
Date : 2016-02-11
Author : Sabria S. Jawhar
Apparently the good folks in government in Ontario, Canada, didn’t get the memo that colonialism is no longer fashionable....
Fate of Iran's next parliament may already be sealed
Source : Al Arabiya TV  
Date : 2016-02-10
Author : Camelia Entekhabi-Fard
While asking voters to participate at two upcoming elections to nominate the next Iranian parliament and the country's Assembly of Experts, Iran's supreme leader did not shy away from saying...
The Syrian regime has never negotiated
Source : Al Arabiya TV  
Date : 2016-02-10
Author : Khairalla Khairalla
It was normal to suspend the Syria talks in Geneva, considering it was more of a dialogue of the deaf. There is no point meeting to tackle the crisis amid...
The West London Friends and Syria
Source : Asharq Al-Awsat  
Date : 2016-02-10
Author : Ali Ibrahim
Fighters from Chechnya are on both sides of the conflict; on one side they guide Russian aircraft to their targets and on the other they fight with ISIS extremists in...
Cut in drug prices by Oman brings cheer to citizens
Source : Oman Daily Observer  
Date : 2016-02-10
Author : Haider Al Lawati
The announcement by Dr Ahmed bin Mohammed al Saeedi, Minister of Health, regarding the cut in prices of medicines in Oman is welcomed by many citizens....
Sovereign wealth funds playing a leading role
Source : Oman Daily Observer  
Date : 2016-02-10
Author : Mohammed Al Riyami
A SWF is an entity or fund that is state owned and can be considered as a source of surplus cash received from energy receipts, balance of payments, governmental payments,...
Syria's human tragedy
Source : Kuwait Times  
Date : 2016-02-10
Author : Labeed Abdal
Finding the bodies of six people, including and an infant, off the shores of Kos island after a boat carrying refugees from Turkey to Greece capsized, calls for more cooperation...
Rebels say failure of US talks costs Syrian lives
Source : The Peninsula  
Date : 2016-02-10
Author : Josh Rogin
In the days since the collapse of the Syria peace talks championed by US Secretary of State John Kerry, the humanitarian catastrophe in northern Syria has grown, tens of thousands...
Total 200 Results in 14 Pages
  2 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Sun Feb 14, 2016| 05-جماد أول-1437هـ
UAE to deploy special forces, jets in anti-Daesh campaign
UN chief welcomes Syria cessation of hostilities plan
Oil jumps 12 percent from 12-year lows on renewed OPEC cut hopes
Iraqi PM vows to clear Daesh this year
Gitmo Saudi subjected to inhuman torture
'Al Qaeda' attack kills 5 police in Yemen
Qatar's private consumption to increase on stable spending
KSA realizes importance of renewable energy
Rouhani urges all to participate in elections
Daesh has used poison arms, can make them: CIA
Syria conflict: World powers agree ceasefire plan
Qatri Emir discusses Syria with Erdogan
Russia set to enhance customs co-op with Iran
'India, UAE will fight terror together'
Kuwait to sign multibillion-euro fighter jet deal with Italy
Iraqi says moving troops, preparing offensive to retake Mosul
  Op-Ed
A glorious example of two-nation friendship
Trump's turn
Iran- the Revolution That Produced Only Losers
Female advocates and preachers to spread awareness among women
More>>  
    Reports
GCC Markets Performance - January 2016
Saudi Budget 1437/1438 (2016)
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    GRC Analysis
Renewable Energy in GCC
Paris Climate Deal and Oil-rich Countries
Combating Climate Change and Terrorism
    GRC Commentary
Using the Iran Nuclear Accord to Advance Regional Security
Reduce your Footprint in Ramadan
A Gulf Perspective on the 'Obama Doctrine'
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Gulf Cities as Interfaces
Africa and the Gulf Region: Blurred Boundaries and Shifting Ties
Sustainable Development Challenges in the Arab States of the Gulf
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
A Note on Syrian Refugees in the Gulf: Attempting to Assess Data and Policies
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   39-- 39 Middle Page :0  --   | Right : 39 - 39--en--sess-enreq-en-coming