• fxomt
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    915 hours ago

    The gulf monarchies’ oil will dry up, and they will collapse under their own weight.

    … Probably not. But hey, a man can dream…

    • @Alteon
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      714 hours ago

      They’re pushing massively into green energy. I think they are the next biggest investors after China if I remember correctly.

      • fxomt
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        114 minutes ago

        Yeah, they talk about it all the time here.

        Here’s to hoping for their collapse 🥂

      • @[email protected]
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        12 hours ago

        They can try, but they don’t really have the massive advantages there. With oil they basically get >1000% margins because it’s just there and ready to be tapped, and their whole societal structure is based around spending that money like it’s water.