The American press published an article, devoted to the situation on the oil market. In particular, we are talking about the major exporting countries of the "black gold".
The article «Bloomberg», the author writes about, that determine the country of the trend in recent years. from the article:
The impression, that for most of the world the availability of oil is a curse. there are countries, where huge reserves of hydrocarbons, but it often has little effect on the welfare of their citizens.
"Bloomberg" cites the example of countries such as Angola, Kazakhstan, Nigeria, Mexico, Venezuela.
At the same time, the author notes, that other countries the presence of oil used for rapid development. A prime example - the Gulf countries.
from the article:
Qatar, Kuwait and the United Arab Emirates already richer than Switzerland. Saudi Arabia, Bahrain and Oman are flush with Japan or Great Britain.
The author says that, that the "oil curse" was starting to spread to wealthier countries. celebrated, that same Saudi Arabian national reserves in a period of low oil prices (2014-2018) decreased by several hundred billion dollars.
from the article:
With oil prices above 100 dollars per barrel reserves reached Riyadh 50% VVP. TO 2018 year of them was only 10-th of a percent of GDP. If prices in the near future will not go up, the kingdom will have to get into debt.
The author writes, that the "oil curse" can be overcome only in one case: conduct serious change in the economic plan, including changes in the understanding of the situation Gulf monarchies.
Author:
era, in which the Gulf states and their sovereign wealth funds were magical ATMs, are willing to pay the highest price for the purchase of assets on all continents, may come to an end.
