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
 
Prevention by law, not on whims
Source : Saudi Gazette  
Date : 2016-11-30
Author : Khaled Al-Sulaiman
The Bureau of Investigation and Public Prosecution (BIP) has made an important clarification in response to a newspaper report about its refusal to incriminate people who store porn videos on...
Segregation of the medical profession
Source : Saudi Gazette  
Date : 2016-11-30
Author : Tariq A. Al-Maeena
In a land often accused of extremes, there is bound to be a varying degree of opinions on what constitutes proper social norms. Having said that, one must understand that...
Women driving is not a complex issue
Source : Saudi Gazette  
Date : 2016-11-29
Author : Shafi Al-Wasaan
It is true that women driving is not a big issue and does not require all this hue and cry. But in order to prove the objectivity of our stand...
PMU, Hezbollah and the Iranian design
Source : Arab News  
Date : 2016-11-29
Author : Diana Mukkaled
It is no coincidence that there are strong parallels between Iraq's People's Mobilization Units (PMU) and Lebanon's Hezbollah militia....
As Aleppo's fall looms, Syria dynamics shift for Trump
Source : Arab News  
Date : 2016-11-29
Author : Joyce Karam
With its forces closing in on opposition-held areas in East Aleppo, capturing 40 percent of the country’s largest city, the Syrian regime is eying a significant victory that could turn...
The Iranian 'maritime police' project
Source : Arab News  
Date : 2016-11-29
Author : Abdulrahman al-Rashed
Experienced in fighting proxy wars in Iraq, Syria, Yemen and Lebanon, the Iranian leadership is aware of the important role the military plays in imposing Tehran's foreign policy in the...
Sectarian mix a problem
Source : Gulf Today  
Date : 2016-11-28
Author : Michael Jansen
The simultaneous campaigns against Daesh in eastern Aleppo and Mosul adhere to the same pattern. The attacking forces surround the two cities, cut them off from reinforcements and supplies and...
Middle East and Donald Trump!
Source : Saudi Gazette  
Date : 2016-11-28
Author : Hussein Shobokshi
Now that the dust has settled, the world is coming to terms with the shocking outcome of the US presidential elections. There is readiness to accept the victory of Donald...
Trump's Syria problem
Source : Arab News  
Date : 2016-11-28
Author : Andrew Bowen
Constant bombardment and decimation of Aleppo is a stark reminder of the horrors of Sarajevo. While Secretary Clinton was expected to take a harder line on Moscow, Tehran and Damascus'...
The dangers of legitimizing 'Al-Hashd Al-Shaabi'
Source : Arab News  
Date : 2016-11-28
Author : Baria Alamuddin
In a measure, which moderate Sunni politicians are already describing as "the last nail in the coffin of reconciliation," the Iraqi Parliament on Nov. 26 approved a law integrating the...
Total 200 Results in 14 Pages
  2 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Tue Dec 6, 2016| 06-ربيع أول-1438هـ
Yemen forces prepare assault on Houthis near key strait
Kuwait supports IAEA's role in achieving peaceful world
Islamic State strikes back to slow Iraqi forces in Mosul
GCC influencers urge support for Syrian refugees
Bahrain court upholds three bomb blast death sentences
A warm UAE welcome for the Saudi monarch
Larijani rails against Washington for sanctions renewal push
Inter-trade in GCC surges to $115bn
OPEC deal has potential to balance oil market
Qatar Emir to welcome King Salman; visit to 'consolidate ties'
Ties with Qatar very strong: China envoy
Brunei-Oman discuss optimisation in times of low oil prices
Carter says US military needs to remain in Iraq
GCC summit key to face challenges - Bahraini MPs
Saudi-Peruvian cooperation accord in the works
Rouhani submits $486 billion budget bill to Majlis
Assad forces tell opposition: Leave or die
  Op-Ed
Protect endangered cultural heritage
Stiffer penalties needed to make UAE roads safe
A JASTA fix
A warm UAE welcome for the Saudi monarch
More>>  
    Reports
NBK Report on oil markets
GCC Banking Sector Quarterly - 2Q16
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    GRC Analysis
The Benefits of NATO-GCC Strategic Ties
The GCC and the EU's New Global Strategy
For the GCC States, a different Europe to deal with
    GRC Commentary
Climate COP 22 in Marrakech Important for the Region
Earth Day 2016: The Promised Day
An Evolving Saudi-US Relationship
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Sustainable Development Goals: Challenges and Opportunities for the GCC Countries
Salalah: The Economic Development and Spatial Fragmentation of a Globalized Port City in Southern Oman
Domestic Ramifications of the JCPOA for Iran
    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  |   45-- 45 Middle Page :0  --   | Right : 45 - 45--en--sess-enreq-en-coming