Energy Kingdoms
After the discovery of oil in the 1930s, the Gulf monarchies--Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain--went from being among the world's poorest and most isolated…
Specifikacia Energy Kingdoms
After the discovery of oil in the 1930s, the Gulf monarchies--Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain--went from being among the world's poorest and most isolated places to some of its most ostentatiously wealthy. To maintain support, the ruling sheikhs provide their subjects with boundless cheap energy, unwittingly leading to some of the highest consumption rates on earth. Today, as summertime temperatures set new records, the Gulf's rulers find themselves caught in a dilemma: can they curb their profligacy without jeopardizing the survival of some of the world's last absolute monarchies?In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states' energy use and policies, looking in particular at how energy subsidies have distorted demand. Oil exports are the