Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
"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

Twitter: @Fouadalobaid
From Nice to the Middle East
Source : Arab News  
Date : 2016-07-19
Author : Ramzy Baroud
I visited Iraq in 1999. At the time, there were no so-called “jihadists” espousing the principles of "jihad," whatever the interpretation may be. On the outskirts of Baghdad was a...
Who stands behind betrayal of Syrians?
Source : Arab Times  
Date : 2016-07-18
Author : Khalaf Ahmed Al Habtoor
I am beginning to smell something nasty being cookedup, which if I am correct, would amount to a betrayal of the Syrian people's aspirations and a dagger in the back...
Check on illegal business registers
Source : Oman Daily Observer  
Date : 2016-07-18
Author :
The Ministry of Commerce and Industry is taking measures to address the issue of existing imbalances in commercial activities to help the market get rid of economic malpractices which took...
Disrespecting Prophet's Mosque… again!
Source : Saudi Gazette  
Date : 2016-07-18
Author : Mahmoud Ahmad
The Prophet's Mosque filled to the brim with worshipers from all over the world is a beautiful sight to behold. And every Ramadan this vision of piety can be observed....
Hotel for single women
Source : Saudi Gazette  
Date : 2016-07-18
Author : Yousuf Al-Muhaimeed
Some opinion writers say the government works for the overall progress of the society exceeding people's expectations while there are others who believe that the government has yet to adopt...
More jobs for Saudi women
Source : Arab News  
Date : 2016-07-18
Author : Sabria S. Jawhar
Despite years of progress in which women have flooded the Saudi labor market, the gender gap remains disappointingly wide. The Saudi General Authority for Statistics has reported that nearly 6...
After the failed coup attempt
Source : Arab News  
Date : 2016-07-18
Author : Abdulrahman al-Rashed
In the past 60 years, there have been 457 coup attempts in the world, of which 230 failed. Most happened in the Third World countries and those with totalitarian regimes...
Your words have power, use them wisely
Source : Arab News  
Date : 2016-07-18
Author : Talal Al-Harbi
In today's digital age, mass media has emerged as a dangerous weapon. Governments, non-government organizations and individuals use (or should I say manipulate) mass media to further their agendas and...
A stitch in time saves nine
Source : Arab News  
Date : 2016-07-18
Author : Abdulateef Al-Mulhim
Do you know the true value of a billion? It is equal to a thousand millions. In other words, if you happen to be a billionaire you can spend a...
Nice proves Syria is not the end of the road
Source : Khaleej Times  
Date : 2016-07-17
Author : Howard LaFranchi
Within hours of the Bastille Day terrorist attack in Nice, French President François Hollande was pledging to ramp up France's role in the war on the Daesh in Iraq and...
A call to promote the empowerment of women
Source : Saudi Gazette  
Date : 2016-07-17
Author : Samar Fatany
The Ministry of Civil Service has announced an increase in the percentage of women employed in higher positions, as represented by grade 11, from the current 1.27 percent to 5...
Mosques and loudspeakers
Source : Saudi Gazette  
Date : 2016-07-17
Author :
About seven years ago, the Ministry of Islamic Affairs banned the use of loudspeakers during the five-time prayers. It created a big hue and cry as many people opposed the...
Total 200 Results in 14 Pages
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Sun Jul 24, 2016| 18-شوال-1437هـ
Yemen's Hadi blasts Houthis for attacks on Saudi border regions
World countries praise Kuwait efforts in Yemeni talks
UAE ambassador praises historical ties with Qatar
US undermines N-deal, fails in Daesh fight: Iran
Saudi women's sports events must follow Shariah laws
Kerry warns of challenge in securing Iraq after IS
Bahrain records 4.5% growth in first quarter
Ministry: Number of scholarships hits 2,500
Gragash: London Quartet on Yemen a step forward
Saudi visitors will be 'fully protected by Turkish govt'
Germany, Canada pledges millions in aid to Iraq
Kuwait sets 15-day deadline to Yemeni parties for reaching peace deal
Iran to add 100MW renewable energy plants by Mar. 2017
US, allies regroup after Daesh attacks
Aramco in SR50bn gas deal
Plan priorities
Bach facing his toughest decision as chief of IOC
Yemen talks deadlocked
Sense behind the nonsense from Iraq's foreign minister
GCC Markets Performance - June 2016
Brexit in the GCC Context…
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    GRC Analysis
The GCC and the EU's New Global Strategy
For the GCC States, a different Europe to deal with
GCC-Russia Relations: Lot of Rhetoric but Little Substance
    GRC Commentary
Earth Day 2016: The Promised Day
An Evolving Saudi-US Relationship
Water and Jobs: Hitting Two Birds with One Stone!
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Renewable Energy Policies in the GCC: Challenges and Prospects
Foreign Investments in the GCC and Investments of GCC Countries Abroad
Gulf-European Relations in 2015
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
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  |   00-- 00 Middle Page :0  --   | Right : 00 - 00--en--sess-enreq-en-coming