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What's the gdp gonna look like once the oil revenue comes in?

:dwill:

Bruv the uae has 97 billion barrels of oil. Somalia is expected to have at least 110 billion barrels of oil, this will significantly boost our economy by a trillion percent plus we have gas , uranium and fish and maybe gold who knows!
 
Bruv the uae has 97 billion barrels of oil. Somalia is expected to have at least 110 billion barrels of oil, this will significantly boost our economy by a trillion percent plus we have gas , uranium and fish and maybe gold who knows!
Security comes first young man :hillarybiz:
 
Bruv the uae has 97 billion barrels of oil. Somalia is expected to have at least 110 billion barrels of oil, this will significantly boost our economy by a trillion percent plus we have gas , uranium and fish and maybe gold who knows!
But uae gdp is 300 billion. That is a lot of oil! damn. No wonder they want to bait somalis into fighting each other. As long as we let this qabil bullshit control us, we are a defeated ppl!

:deadosama:
 

Ras

It's all so tiresome
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What's the gdp gonna look like once the oil revenue comes in?

:dwill:

50% of oil at the moment is used for gasoline.

Most first world countries have mandated that all cars will be electric by the mid 30s.

By the time we find oil, map it, build infrastructure to extract and transport it; the price of oil will be below $30.

Extraction costs will probably be around $20 (offshore mainly).

We won't the see more than a quarter of a shilling (royalties and tax will be abysmal).

Even at 1 million barrels per day we won't make more than a billion a year.

Don't put your hopes in oil.

Let's look for lithium deposits instead and prep for the future.
 
50% of oil at the moment is used for gasoline.

Most first world countries have mandated that all cars will be electric by the mid 30s.

By the time we find oil, map it, build infrastructure to extract and transport it; the price of oil will be below $30.

Extraction costs will probably be around $20 (offshore mainly).

We won't the see more than a quarter of a shilling (royalties and tax will be abysmal).

Even at 1 million barrels per day we won't make more than a billion a year.

Don't put your hopes in oil.

Let's look for lithium deposits instead and prep for the future.
Yeah but i just don't see them forcing everyone (especially car lovers) to give up petrol cars that easily. You however have highlighted a good point, we should look for more materials such as gold that won't lose value in the near future.
 
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