Saturday, 7 July 2012

gulfnews : Oil is no blessing in disguise

Be careful what you wish for, they say. It might just happen, and when it does, it could bring its own regrettable difficulties, the very opposite of a blessing in disguise.
Even in these days of prospecting for and promoting alternative energies, striking oil on any significant scale or in its associated or derivative forms retains the money-spinning sense that its iconic image has suggested through the ages. Any country would want that.
As to the past, the Gulf might not have craved the mineral endowment which has defined its economic and geopolitical profile, but it naturally has benefited stupendously.

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