What will happen to the middle east once we stop buying foreign oil?

how will these countries generate income without oil sales?


Will they turn to terror?What will happen to the middle east once we stop buying foreign oil?
They own much of the world banking system, and have investment in Arms and every other industry. they have not just sat there and collected money, they are educated in US and other universities. Don't fool yourself, they know that it won't last forever, they are seeing it now as oil fields are pumped dry.What will happen to the middle east once we stop buying foreign oil?
oil is the blood of capitalism. we are not going to stop buying it.





if iraq didn't have oil, we would not be there.





bush said, ';we have to invade iraq because it is in a vital region.';





what is vital about it? oil.
They will sell to China, which is making all our stuff anyway.
That is like asking what would happen if we stopped buying ';made in China';.
At current technology levels we only have about 50 years of oil left in middle east.





However, estimates are such that technology will extend that potential another 200 years.





But in the next 20 years we will have energy sources never dreamed of before ..





Such as direct use of water for energy and being able to litterally use all worldwide water for drink %26amp; direct energy..





OIL will eventually be no longer an issue.
I don't think we will stop buying their oil. If that were the case it would have been set up during the fake gas crisis in the 70s. There are already alternatives in place. They get shot down. But if we were to stop that would take any perceived power from the Middle East . Turning to terrorism is a possibility. Though how would they finance it? Or maybe they would calm down and learn to work with the world in spite of it all.
If you are referring to the U.S., not much because very little of our oil comes from the Middle East.
There will be some wars there while they instate governments (or government) they actually want, but we won't be involved in them because we care less about death, and a lot about fossil fuels. Eventually it will calm down, but they won't have the money Dubai has now. I predict the Dubai supertowers will all start to fall down in disrepair.
The Middle East is selling oil to China and India in ever increasing quantities. The US should develop alternative energy sources as quickly as possible as we will be in ever increasing competition for Middle Eastern oil. The talk is that the oil producing countries want to be paid in Euro dollars not US dollars. It costs $1.35 (approx.) to buy 1 euro dollar. You think gas is high now wait until we have to pay for oil with Euro's.





Get a bicycle!
Wouldn't that be awesome if we had the will to do that. Get of foreign oil and watch that region decline rapidly.....





It doesn't matter were we get our oil as there would be an increased supply world wide cause prices to plummet....
They will supply Europe and Asia like they do now. We never have really got our oil from them. We get most of ours from the Gulf and South America.

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