Saudia Arabia may have oil but…
Bob Morris @ Jan 29th 2008 03:28 - Category: Unfiled Tags: Saudi Arabia, water shortage
… they’re running out of water. The problem is so severe than they plan to stop agriculture subsidies and plan to import all their food by 2016. Think about that. Importing all food means sharply higher prices due to transportation costs plus increased spending and development for the transportation infrastructure to support it. Most the food would have to come in by ship or plane rather than truck too.
Some think Saudi Arabia has also hit peak oil. Thus, they could be on a long slow slide down in the coming decades.
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