Quotes About Oil-rich

For years many in the oil-rich states argued that their enormous wealth would bring modernizations. They pointed to the impressive appetites of Saudis and Kuwaitis for things Western, from McDonald's hamburgers to Rolex watches to Cadillac limousines. but importing Western good is easy; importing the inner stuffing of modern society - a free market, political parties, accountability, the rule of law - is difficult and even dangerous for the ruling elites

I was 13 years old when I first heard of the Sultan of Brunei. The absolute ruler of a tiny, oil-rich kingdom in Southeast Asia, Hassanal Bolkiah was the subject of a much-discussed TV documentary by the British filmmaker Alan Whicker in 1992. As a young teenager, sitting in front of the television, I was in awe of this Muslim king.

It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.

From the outside, Qatar and U.A.E. likely look like twins - small, oil-rich Sunni monarchies that are largely friendly to the U.S. But their philosophies on the region are very different - Qatar does not fear Islamism as does the U.A.E.