The End of Oil, the End of the Gulf..?

I've seen a few people in the comment section talking about how The Middle East is gonna run out of oil, and that's gonna spell the end of The Middle East and The Gulf, wealth and so on. There's a number of complicated reasons why that's not true, or it doesn't mean what you think it means. As oil runs out, the price of oil will get higher and higher and higher. The price of gasoline will get higher and higher and higher. Petrol will get higher and higher.

Now you're paying, what, $5, $6, $7 for a gallon of gas. If the oil reserves, the available oil are depleting to that extent, you'll be paying $25, $30, $40 for a gallon of gas. That's money that's gonna go to The Gulf. As oil reserves deplete, the cost of oil will be higher, the price of oil will be higher, the wealth will be astronomical that will be pouring into The Gulf. So the depletion of oil doesn't mean what you think it means.

It means even greater wealth for The Gulf at a level that no one has even imagined. The other thing is they're already starting in Abu Dhabi to start fracking. So the same thing the same things that have made The United States, a net producer and exporter of oil. Those same technologies are available in other parts of the world, including The Middle East and The Gulf, and they're using those technologies. So they're also exploring fracking.

The other thing is is that the oil that they are extracting now, they are extracting from the easiest to access locations because it is more affordable to do that. It's more price competitive to do that. If they're making the astronomical kind of money that they will be making as, reserves deplete, they'll be able to access the more difficult to reach reserves of oil. The idea of oil depleting doesn't mean what you think it means. It means unbelievable, unimaginable wealth flowing into The Gulf and The Middle East.