The whole "how rich are the Saudi family" reminds me of an old joke... A prince of the house of Saud starts at the University in Berlin. After two weeks his father calls him, and asks how he is doing and is he making friends. The prince answers him "My studies are going well, and I am making friends. However, I am a bit different than my friends since I drive my Ferrari to school and most of them take the train." His father, without a seconds pause tells him "I shall transfer 10 million dollars to your bank account immediately. Tomorrow, you are to go out and buy a train!"
@@thearpox7873you are missing the joke. The Saudi father was thinking the other children OWNED the trains and that he was just catching his child up with them. 😂
I used to fix electronic devices. I had a client ask me to fix Facetime on his iPad. but he was from Saudi Arabia and that's where he got the iPad. Apple devices from Saudi Arabia are physically incapable of using Facetime. He didn't seem to accept this and finally I said "Listen, If I had the kind of pull with the House of Saud I'd get that changed." You would have thought I'd summoned the devil from the look of fear on his face.
You definitely can use Facetime in Saudi since my mom just called me yesterday on facetime, lol. Maybe it was the case years ago, but it's definitely not true for today.
I once had a conversation with a Saudi philosophy professor, who was complaining that more Saudis weren't interested in philosophy. He did not like it when I pointed out that if he wanted his country to encourage philosophy, all he needed to do was fix their problem with beating, torturing and murdering people who disagreed with either Islam, or the House of Saud. Turns out that he couldn't understand that the whole point to philosophy, is to question the status quo, and figure out why this world is so fucked up. Sadly, he was part of the problem, not part of the solution. Saudi Arabia is one of those countries that I can't go to, or I'll be killed, the moment I start discussing spirituality. They really are quite petty like that.
The Middle East will run out of oil the day America stops buying from it. America will make its own oil, then outcompete them. They will go out of business, the experienced oil drillers and workers will leave the country, and if America pulls a Biden and goes back to buying Arab oil, it will be desolate like Venezuela.
Please do an entire video on the House of Saud. I did a Wikipedia search on the list of Saudi Kings, and that article read like a George R.R. Martin novel.
Sounds like these guys could rule the entire world if they wanted to with how large and wealthy they are, hell they most likely do in a way with how much oil they sell to the world.
@@CM-4929 true, I just imagine their entire family is like that of the children of medieval kings trying to carve out their own pieces of land after their dad dies. It's probably the same with their wealth but less killings(or maybe more, I don't know how their family dynamics work).
@CM-4929 a lot of that oil money is also in investments. Remember the crown prince was a key part of Musk buying twitter because he owned a large chunk of it.
Where wealth accumulates, men decay. I guess for the Saudi Princes money is counted like Beans. You don't count individual beans, you measure them by the cup. When you're used to seeing the whole world bend over backwards for you, and controlled by beans, human relationships must be hard to figure.
@@EM-tx3lybra, it took centuries for Norway to get this way. Remember what else Norwegians are famous for? Blood damn Vikings bugger off with that generalisation
Imagine if russia would have used all of its oil wealth into improving the country, instead hoarding into the pockets of oligarchs, and starting wars...
The Line, so people understand, is an architectural apocalypse of a bad idea. It's baffling where to begin; it's like talking down a child's drawing of an amusement park.
@@23tovarm5if your work place takes place on the other side of the line, it’d take you hours to reach it. Having a narrow city is horrible for commute.
The line is supposed to be 170km long, 200m wide and 500m tall made out of 2 gigantic buildings. It's more like a shopping mall than a city. Oh and it's supposed to house 9 million people. That's something like Chicago metropolitan area worth of people. It's a fever dream straight out of sci-fi.
It's just another sad attempt at imitating Dubai. Saudi Arabi knows the oil is going to run out and is using tech startup techniques to try and stay relevant. Make a big flashy product and hope you can spend your way to success.
@@kittytrail I wouldn't because I'm not a sociopath. It's not being rich or royal that does that to them, it's being awful human beings. Which is absolutely nothing to do with the money they have.
@@jonevansauthor where did i put money as a cause? i talked about _impunity_ and, yes, money might be an aggravating behavioural factor but money without impunity doesn't make people behave like this usually. 🙄
@@jonevansauthorI'd say, being born and raised in unimaginable wealth does something for ones personality, maybe if they'd be less rich, then less sociopathic too
@@jonevansauthorI disagree. Johnny Depp horribly mismanaged and neglected his bank account and so did Nicholas Cage. They are not horrible human beings, they are just fallible humans. When you are used to spending, you will forget to check on it. It has nothing to do with being a bad person. Even intelligent people will neglect the simplest things, what makes you think you're better?
“Saudi Arabia may try to Adapt to a world without oil prominemce but they will fail, in the same way the Kongo Kingdom failed as the demand for slavery fell to nothing.” Btw I’m using quotes because TH-cam has repeatedly censored my comments on various videos.
@kittytrail It's more scambots. This channel is large enough that I expect the comment's section to be littered with them. He's prob using the tool under yt vid zo_uoFI1WXM
Well you keep slandering Saudi Arabia who is a major shareholder in Google. Perhaps if you substitute Saudi Arabia with the Kingdom of the Camel Jockeys, you won't get censured. 😁
Saudi Arabia will still have a multi-billion dollar tourism (of the religious kind) industry that is not going to decrease anytime soon. I find it hard to believe they will ever truly collapse. They might have to switch from owning 10 hundred million worth Yatchs to just one though.
Honestly out of all the ways to blow money, I kinda get the falcons on the plane. Man had the budget to upgrade his beloved pets journey from a cramped ride in cages to a roomier and comfier one.😁
If you're going to cruelly force a bird onto a plane, you might as well do it the minimal respect of giving it some space. Plus, do you really want to be on a plane with 80 falcons going out of their minds with terror? The fewer passengers on that flight the better I'd imagine - probably all falconers at some level. The dog and horse people are no different to me.
The royal friendly would lavish their citizens with good benefits, and easy government jobs. No taxes till recently I think. I read many government workers only worked one hour a day hah. So no one revolted. Now that the oil is running out... Well... The younger generation is getting worried. I've read articles that Saudis don't like to work. Not like we do in the west or especially South Korea or Japan. Anyway some of the middle eastern countries have wild economies. Qatar and Oman come to mind.
There is a novella about that Salazar time, yes?? The best I can translate the title is How Things Used to Be. It is a good show with actors seen in other shows and is a good drama on its own, with complex characters that deserves a nod by non-Portuguese speakers.
Isn’t their a saying in Saudi Arabia; The grandfather rode a camel, then oil was discovered. The father and child rode Mercedes, and the grandchild will ride a camel once more?
My sister in law is a teacher specialized in Data Science, The Saudi government is paying their youth to attend to a lot of boot-camps and courses, one may not agree with a lot around Saudi Arabia, but at least they are trying to prevent dutch disease and the curse of rich natural resources.
They are trying but it won’t work tools affect you just as much as you affect them. They have all this wealth and they have all this money and it will affect them and their character no matter what their parents try to do. Because ultimately money isn’t even a tool it is a social relationship
It doesn’t matter as a software engineer I don’t want to live in Saudi As soon as they stop subsidising this industry, the work will collapse due to fears of data being controlled by the Saudi government
What they really need to do is free speech. It is only when free speech exists that the youth will be willing to start entrepeneurship, as it takes a lot of risks
Well its just not that they're running out of oil. Its that their oil is getting more "sour" and their infrastructure isn't built for it. So Saudi crude and a bunch of the crude in the middle east is light sweet crude, which makes it super easy to refine/process, and the facilities that can be built relatively cheaply because the infrastructure/pipes don't need to be built to a spec for hazardous additives. While elsewhere in the world, there's an additive in a lot of oil and gas called H2S that's a byproduct of bacterial breakdowns of plant and animal material in an anaerobic environment, making it "sour". And it loves to eat/corrode basic piping as H2S loves to make rust. It takes a bit to remove from petroleum products, but as a result it takes a lot more money and processing to take crude to that sweet light level. As well the piping to move it has to be a lot thicker, a higher grade of steel, and periodically monitored so that if a spot starts failing it can be swapped out. Plus valves, seals, and equipment need to be of the same spec to handle it. One of the ways that the Saudi oil is getting more "sour" is that an easy way to keep production up on oil wells is to pump water into the well, let it push the oil to the top and add pressure to the formation by taking up that void of space of pumping oil out. But if the water isn't clean and basically distilled, it can introduce outside things into the formation, like bacteria and particulates, which get broken down....into H2S. As a result, over the years of adding water to wells, the infrastructure is starting to corrode that was never built (or needed to) a much harsher environment, there are more replacements and new equipment to handle to H2S, and the cost per barrel is going up. Not only are they running out of oil, their existing production is getting that much more expensive to run.
No, it's definitely a finite resource, we're definitely running out, and we definitely haven't need to burn it for decades. How long before their supply is not worth extracting is a reasonable question. Any idea that they won't run out is just not how maths works.
@@LordRalphingtonPukesmythe Their oil is in a much more standard and drilling friendly formations, so they basically just need to geolocate (test drill and geological analysis) and drill down. No weird rock types, not that deep, not really any weird high pressure areas, and not a lot of natural gas as well, so there's not a lot of secondary processing and dealing with that product like there is in North America and Northern Europe
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
I believe the US refineries are set up to process sour crude when we were importing oil in significant amounts. It can pose a problem when the oil that is being processed is sweet. I believe that is why the US also imports some oil still to this today, since sour crude ia cheaper than sweet.
oil will *not* run out soon. the "reserves" they tout are always under reported and they're not as stupid as them europoors to cut off all their cheap sources of energy and hence sources of productive income(nuclear and cheap russkie gas and oil). by creating a narrative of reduced production "'cause we're near the end of oil" and adjusting production just low enough for sustaining oil prices way over their costs and -paying- having their western oil companies and policritters sidekicks wail and kvetch while raking insane profits from the wells to the gas tank. if you want to know if we're running out or not check by yourself how much is spent in the frenetic search for new oil fields and modernisation of extraction methods around the world that would make even more insane profits for those investing in those if the wells of today were dryin' up tomorrow... 😏👆
It's their 2040 vision. Their Prince was on a worldwide tour until the House of Saud decided to commit some crimes and cover it up by killing a reporter. Almost makes the UK royalty seem like decent people, almost.
Not in the USA - we are about to lead the world in production, just found the largest deposit ever for the US. And the USGA says they predict we have far, far more to be discovered in Permean Basin.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
Bro I thought I was only 20 minutes in and then you said “thanks for watching.” I do my homework to your videos and time just flew by listening to this
My nephew actually went to Saudi Arabia recently on a mission trip. We worried a lot as we heard, and he was prepped for, possible persecution that could of happened. Thankfully he actually received a rather warm welcome and everything ended up going very well. That was the first time I heard about the Crown Prince and his attempts to really update things. Things don't happen over night so I'm not surprised a lot of it is baby steps but hopefully it can continue to expand from there. It's always better to have healthy countries with happy people than it is desperate and unhappy people. I really enjoyed this video it felt like an expansion of a lot of the things my nephew talked about when he came back.
@@عبير-ف6ل9بSaudi Arabia is de radicalizing itself from islam allowing women to drive, party have alcohol. Build DJ discos and banning use of loud speaker and public display of namaz. If it was islam Saudi Arabia would look like Afghanistan.
I think something you missed in comparing USA Oil production/consumption compared to Saudi is that the USA is also the world leader on petroleum refinement. Not all of that Oil is "consumed" within the USA, a lot of it is used as an input to a value-add process, adding more economic value to the product, before then consuming it or exporting the refined products. Saudi Arabia ... doesn't. At least not nearly as much. Their "economy" is based almost entirely on just digging the raw good out of the ground and exporting it.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
Analysis of their oil basin before everyone was kicked out and Saudi Aramco took it all over predicted they should have already run dry years ago. The original analysis was probably off but it likely wasn't absurdly off. So if I had to guess about whether or not they are about to run out, I'd say it's probably coming up in the next decade.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
I doubt that tbh, since 2020 they discovered 6 new oil and gas fields and they keep on digging 😂 idk to me that landmark seems hella rich with oil and gas but eventually they will run out but i dont think it would be in a decade maybe 4 or 5 decades.
It's not really as much about running out that's the nearer-term issue, it's reaching peak oil and after the peak gradually producing less per year, not out of choice but because you just can't get more out no matter how many more wells you put in. Then you need to compare that to oil demand in the world. If we don't keep ahead of depletion curves by switching to alternatives, and being more efficient in energy use, then demand outstrips supply and the price of oil/energy increases and you're more likely to have economic and societal problems cropping up in various places around the world
suddenly remembering a fictional apocalypse documentary asking; "what'd happen if the world ran out of oil"? reminds me of the many solutions was to ramp up renewable energy, switch to nuclear energy, or revert back to steam.
The only way renewable energy transition is possible is with MASSIVE increases in oil-based energy production. Green energy is extremely expensive, energy-intensive, and complicated to spin up. To build enough EV charging stations in the US alone would required DOUBLING of all copper production on Earth. And that is just the US. Not to mention that for most countries, green energy sources result in a net negative energy return due to geography. The reality is the energy transition is a long ways off. Also, we aren't running out of oil. The US shale reserves, which could be tapped at a around $80-$100/br amount to a total reserve of around 3 trillion barrels. By far the largest on Earth.
@@Demopans5990 i think the estimates put the values at minimum $5-$10 per gallon at the pumps before regoinal inflation raises the price. locations closer to highways or main depots would be $0.50-$1.50 cheaper than major towns (being held to market standards), and almost $2-$5 markups in metropolitan areas depending on the fuel type.
Commenting to feed the algorithm because more people need to be aware of this. I just learned 100x more about Saudi history and politics than I did at the beginning of this video.
Oil has been the last vestige of the Middle East being relevant on the world stage, since the suez canal, modern shipping, and the collapse of the silk road by those and other factors. The sheer waste, the years of lack of effort to improve...it's mind boggling. And this hasn't mentioned the billions that arabia has put into weapons in its dick measuring contest with Tehran. Ah the line, saw that in a video about Archologies and WARHAMMER 40K HIVES, and there's serious concerns about the line as well, like how it'll have a literal division of sunlight access for the, again literal, 'lower classes'. It's rainforest canopy all over again. Imo, Saudi arabia is trying to do too much, too late, and is essentially throwing money at the problems like people accuse America of doing. It is going to fail, they needed to do this *generations* ago and at this point, it's a matter of the money holding it all together running out and then it's going to fall apart.
Huh? I've never heard America accused of throwing money at problems - I'd have said it was the exact opposite. The Hive cities are supposed to be the worst thing in a horrific future. They're not a recommendation, any more than Mega City One is. As for light in the Line, I think that's a silly concern, but only because it's no different to any other city with tall buildings. I feel like windows will take care of the bits people want light in, and sunlight is not magical or special. Do I think they'll get it all built? Not really, but is it bad in principle to have a linear city? I haven't seen anything halfway convincing. I am convinced by architects saying shipping container homes aren't worth the effort because they've tried it, and found it expensive and time consuming so it's pointless.
The thing that gets me is they're obviously competent enough. Some countries in disrepair seem like they're just not capable of a civilisation in the way we define it. Saudi Arabia is not one of those. Look at those palaces! They can obviously make nice, functioning things; it just seems like they don't care enough to fix these problems they're facing. Kinda nauseating.
Genuinely a great video. The level of information and detail is so well presented I know I am going to have to work through more of your videos. cheers m8
I thinks it’s important to state;”: when MBS became crown prince, he didn’t have a lot of capital, nor did he have a vast amount of assets he could liquidate for cash. His family had vast amounts of money, but MBS did not personally have the kind of wealth he could access. Although MBS was crown prince, he didn’t have the money of power to get things done. That was the case until the 2017 Riyadh Ritz-Carlton shakedown. MBS took his family hostage (especially the rich entrepreneurs), under the guise of stopping corruption. MBS would keep those family members hostage until they transferred all money, liquid assets, and ownership of all their private businesses, to the crown prince. therefore, overnight MBS went from a figure head, into an actual figure of authority now that he had full control of a large portion of Saudi Arabia’s income streams.
If the Saudis are actually serious about eradicating or reducing clan structures wouldnt it make sense to rebrand the country from SAUDI Arabia to just, Arabia, or United Arabia? Since SAUDI Arabia is kind of blasting "clan ran Kingdom" all across its nation.
As an Australian, I'm just happy to know that we probably have a bigger proven reserve of sand. I think it is long past time that you do an episode on which country has the greatest proven reserves of sand...;-)
@@GaudiaCertaminisGaming Do you know how many Kangaroo turds there are in a bucket of sand? As many as you want! 🙂 Unfortunately, given that it is purely black market stuff, I'm going to have to charge 10,000 per bucket, as I have to drive out there, clean out the turds and smuggle it past our customs, and make sure it doesn't fall into the hands of yours. Its a difficult, dangerous, smelly job...
saudi arabian citzen here:the clans issue is actually being worked on with a simple solution. higher positions can't be held unless you give up your clan name for a family name(something like your father or grandfather's names or nick names), this is the case with the government sectors. in terms of the private sectors that is an aggressively different sector that would replace you in an instant the moment they know your even slacking not just being corrupt. allot of employees are now being replaced with female employees and managers too are now mostly being replaced with more female managers because they are allot less relaxed and allot more strict and would actually accept lower income. this might cause a problem in the future if society doesn't adjust too well with this change but if it ever does this would mean that the private sector would change for the better. hardship always comes first.
Saudi Arabia is facing an extreme uphill battle. They're trying to have their own Meji Restoration, only they're trying to speedrun it, as if the Meji Restoration wasn't already a speedrun of industrial and social modernization. Instead of spending so much on mega projects and sports, they should focus on saving a currency reserve to glide on while reforming the country in a process that would take decades to achieve properly.
It was a turning point for global opinion of MBS. I had been seen in a relatively good light, the overnight it changed to "just another bloodthirsty dictator". Kinda put a hole in his Saudi 2030 plans. It was funny watching MBS slowly figure out that action can have consequences however.
Yes, the reason that dictators like yachts so much is that they are away from police and military forces. National laws do not apply. You can do things on yachts in the middle of the ocean that you can't do on land.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
The problem with 2030 is it's trying to build a modern, prosperous society without the supporting population. The purchases that the Saudis are making are massively overpaying for companies and sports. I can't help by think how much of the money is being burned.
😂😂😂 Who said that Vision 2030 does not care about society?! The most important pillar of the vision is “a vibrant community”... I will give you some of the achievements achieved by the vision: The percentage of the population who own housing increased from 30% to more than 60%. Also, Roshan Real Estate Company was established, which currently has many giant residential projects. Vision 2030 provided many job opportunities and also provided many new fields in the Saudi economy, such as the automotive industry and also military industries. Thanks to 2030, Saudi Arabia has the fifth largest investment fund in the world. There are many things that have become available to us thanks to Vision 2030 😏
@@c_rock3512 beyond even that - its supposed to be a giant glass and metal city in one of the hottest deserts in the world. For a quick breakdown on how dumb it is look at NEOM Is The Parody Of The Future
The Saudi situation reminds me of what happened on the island of Noumea. The Noumean population made their fortune selling the resources of their tiny island for decades, and despite some potential planning for the future, they were left begging with even less options for a future in the end. I predict a future of the same for Saudi Arabia, probably a scattered remnant of squabbling clans or tribes trying to survive among the ruins of their folly. We won't feel sorry for them, because we'll be squabbling among the ruins of our own troubles if we continue relying on a finite resource.
for those who will go to italy: don't break stuff claiming that it's a souvenir, just buy a thing from a store, make all the pictures you want, just don't touch anything that looks old or fragile. Please refrain from vandalism in any forms: Don't be a jackass, and you won't end up fined or jailed. Hope you enjoy italy! Signed: a concerned italian
On Saudi Arabia’s bid to get the World Cup it is also worth noting that FIFA put the 2030 World Cup in 3 different continents so only an Asian Country could host the 2034 World Cup… which paved the way for Saudi Arabia to get the bid uncontested.
I don't get it. Sports is always corrupt, and FIFA is probably the gold standard of that. I'm not sure there's a single sporting body that's not thought to be wildly corrupt, is there? These people can't even sort out fair uniforms for people to play ball games on a beach. They can't even enforce the basic rules in a soccer match and they're fine with people getting concussions or much worse injuries. They'll shoot horses after making them break their legs. The sport people are not cool.
Its kinda hard to imagine how ridiculously Saudi Family rich is but you just need to hear or read the news about their "projects" (like their plan for The Line as self-sustaining building) and than you can figure out how rich they must be to even think about projects like this.
Even if I think that Neom and a lot on this peninsula is so dump that I want to see them all fail economically, I have a gut feeling that I should not wish for them to fail to not spiraling the region into instability...
And vile. Don't forget they are vile how they treat foreign workers, how they went to war in Jemen and killd Kaschoggi in the Instanbul Embassy. All the ruling class hould go to hell.
Saw a video of that Line city. Something straight out of post-apocalyptic movie from the 80s, where something like that goes wrong, OR only the rich live well & the poor are on the bottom.
Thank you for your passion, dedication and great speaking skills for these videos. I really appreciate everything you do and makes me understand a lot of things about lots of subjects. Thank you
Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. This means that, without Net Exports, there would be about 221 years of oil left (at current consumption levels and excluding unproven reserves). Saudi Arabia IS NOT running Out Of Oil
When Obama visited the Saudis, they tried to give him all sorts of incredibly lavish gifts. Unfortunately for Obama, US law required that he deny them, which he did.
@kittytrail I am purely referring to what he said in his book. I don't know him. He's obviously not entirely reliable in that book, he basically said Dimitri medvedev was a great guy limited by how much Putin sucks, but these days most western news outlets are pretty sure Medvedev is just one of Putin's yes men and fully on board with all the terrible shit he does. But I am fairly certain he denied the particular gifts he mentioned, becuase there is record of the government taking them. Also presidents already get paid a ton and most of their expenses taken care of, plus the ability to give talks and sell books to their heart's content, they don't really need more money.
@@kittytrail Should I bring up the list of times the Congress confiscated gifts given to previous Presidents? Just off the top of my head Van Buren was gifted twontiger cubs by the Sultan of Oman and Cingress took them away and put them in a zoo.
@@kittytrail I'm talking about what I read in a specific book. I'm not claiming that the book is true, just what Obama said after leaving politics. The book in particular is a promised land
The picture at 9:44 is actually Prince Alwaleed's private A380...or at least what it would have looked like if it was ever actually fitted and delivered. There's still a lot of speculation surrounding it, but Forbes reports that the prince actually haggled with Airbus to buy and refit their second test plane in 2007, only for the 2008 financial crisis to wreck his portfolio (particularly his Citi Group holdings), forcing him to rethink the purchase. Last I read it's still sitting on display at Toulouse Blagnac having never been delivered
I hope you enjoy your trip! I'm basically a walking heater and prefer colder climates. Even if I had the money the thought taking a trip to the desert gives me the willie's. That last part is a comment about Saidiarabia not Rome.
Honestly I wish TH-cam would create a talking head category because I just listened to this video while I’m working and honestly I don’t think I really missed anything and you describe it well enough I don’t need to watch
Blame Standard Oil and Sinclair, who invented the term 'fossil fuel' to make it sound like petrochemicals are much rarer than they actually are. Oil and natural gas are actually made by a combination of abiotic decomposition of organic rocks in the mantle combined with deep crust extremophiles eating the rock decomposition products. The question then is not "when will it run out?" and more "how much is being made at any given time?" and that would deprive certain interest groups of a big excuse to reduce the rest of us to utter penury.
The amount of wealth and power these guys have is insane to me, like they probably have enough wealth to last them multiple life time's. Though this is the storytelling side of my brain thinking but imagine a story where the main antagonist or villains are like a family as big and as powerful as the Saudis that the hero's are trying to bring down, like that would make perfect villains that are basically untouchable and Even if they are able to defeat a few of the top head's of the family they would either be crushed by how powerful they are or it wouldn't matter since some new members would take over.
They aren’t even close to running out of oil. The scarcity has always been essentially artificial with tight controls on production and extraction. There will be centuries of oil and gas still in the ground by the time we have phased out its use.
the reason saudi clan worries is, that the oil extraction gets costly over time, since the easy and high quality oil that could be extracted was easly done and cheap to process and the profit was very high. the point is that "cheap and high quality oil" is running out, the wells have to be deeper and oil needs to be pushed up with water pressure , the quality is poorer than before and the profit altogether plummed. on the other hand, the rising number of saudi population asks to keep up their lifesyle, hardly working as government official, hardly paying tax, that worries the saudi clan as well, so payments keep going on , money spending is high, but incoming money is slowly decreasing.
don't underestimate them. the show-offs will end with one head less but the oil and money isn't going to run out anytime soon. their hanbali/wahabi flavoured plans are long term and they've already planted the seeds of the next steps all around the world.
@@conan2096 i'm pretty sure you and me didn't welcome a single one nor got loads of cash in exchange for opening our borders and promoting their massive importation. 😉
Yes, in a very sunny place, with little vegetation, there is no conceivable way they could generate energy and export it to neighbouring countries growing forward. Nor could they use said energy to generate clean water and export that. Plus, no-one would ever want to go somewhere hot and sunny with a lot of beachfront on holiday and it's not like there are major trade routes anywhere near them.
I remember watching the 2019 ppv with my mom & her bf, they were busy gawking at the crowd while I was in awe of mbs' financial pivot & creative vision
To reinforce what others have said - They're not running out of oil, they want to diversify their economy. They're going to have to make some serious cultural changes before that can happen though
tbf that 2018 chart is afaik before the fracking revolution caused the US to suddenly have 100 times the amount of oil reserves it did before. But I don't think Saudi has any oil that can obtain that way.
I'm not sure about that, and something is off in your timeline. The fracking revolution started in the late '00s and became public knowledge and widespread news in the early '10s. By 2014, the US was oil independent. In 2018, the shale revolution was old news.
Would definitely love to hear more about Saudi Arabia. Interested to hear about how they have a different Social Contract than in the West where the government highly subsidizes COL in return for allowing the royal family to remain in power. What sort of things are subsidized and how does that affect education levels and career engagement among the citizens (since guest workers are a fairly straightforward answer)
No, it's not normal for royal families to display conspicuous wealth as the Saudis do. It's considered gauche. That's the same with lots of wealthy people of course. The Queen looked like she dressed at Marks & Spencer, and half the stuff M&S sold was styled after her. When you buy a tweed jacket from a reputable tailor (which means London or Hong Kong in case you were confused) you'll expect it to last decades barring weird accidents. The Saudis are more like the French at the height of their decadence, or the vile orange man in their tastes. On the other hand, they don't have family heirloom furniture and so on, because they're amateurs and only recently became a thing at all. Bear in mind the 'wealth' you see on the British royal family a) doesn't belong to them b) is ancient and not lots of recently bought things and c) isn't displayed just to look wealthy and d) is often stylish and practical. But unlike modern royalties the Saudi one don't actually serve the people, and have good reason to be terrified of them as the individual senior royals are often less extremist (if you can imagine that). Because of their standardised clothing, which I guess is considered fairly practical for the environment, and because they're centuries late, they haven't been setting fashion trends as a family for centuries. Unlike ours. I suspect if they survive the next 500 years, they'll calm down a bit. For instance, will they replace their big palace? By the way, for comparison, Buckingham Palace has 775 rooms and 880k sq ft, it's number 18th in the world (but we have castles here so one building is kind of irrelevant and we've been doing it longer in many respects). It'd pretty modest compared to the Winter Palace, Hofburg or Louvre.
The US has the largest oil reserves on Earth. The "proven oil reserves" is a very specific metric and leaves out a lot of oil we know exists but are deemed "unconventional". It ignores technological gains in things like fracking and shale. The US has around 3 TRILLION barrels in shale reserves. Which dwarfs any country on the planet currently.
Their kids are also terrible lawbreakers that push their luck. I had some living in a building I worked at. The worst little emperors around. 48:09 No it sounds like your listing thes4e off because your super excited for ever single little thing their doing and want to go into details about it. Its exhausting trying to take in all this irrelevant info. Def not your strongest work. It needed more editing down of the boring side offshoots and the weeds. Actual content is really sparse.
the amount of work and dedication that have been put into research for this video is massive!! I'm Saudi and 95% of what you said is correct and accurate
yea theres a long history of Muslims mocking "christ" or the belief in him. Sort of your traditional religious persecution you find across the years from the dominant religion over mintory religions.
There's a lot of misinformation that christian churches and politicians pushed out following 9/11. The biggest being the conflation of "they don't believe in jesus as a savior" and "they think jesus was a false prophet." ... propaganda mixed with religious fervor is always a scary combo.
@@tkelly6121christ is accepted as a prophet in İslam, not as god himself. So perhaps they are mocking the notion of accepting a prophet as god himself?
@@IsengardMordor yup, it's anti-theists like me who mock people for thinking he existed at all as well as the very notion of theism or magic or homeopathy and other associated nonsense. But all the religious people only disagree on which of the thousands of gods don't exist and funnily enough, their one/s always do! Weird that. The monotheist is disbelieves around 2,999 of the 3,000 or so named gods. I disbelieve just one more, and they think I'm the one whose wrong. :D Bless their hearts.
Saudi Arabia hasn't got a great record on human rights. They only made slavery illegal in 1962, Though I suspect foreign service workers would dispute this.
The whole "how rich are the Saudi family" reminds me of an old joke...
A prince of the house of Saud starts at the University in Berlin. After two weeks his father calls him, and asks how he is doing and is he making friends.
The prince answers him "My studies are going well, and I am making friends. However, I am a bit different than my friends since I drive my Ferrari to school and most of them take the train."
His father, without a seconds pause tells him "I shall transfer 10 million dollars to your bank account immediately. Tomorrow, you are to go out and buy a train!"
Imagine being so stingy that you don't buy everyone a ferrari.
@@thearpox7873I know right talk about being cheap.
Idk if it is a translation error but it says they are so delusional that he thought everyone one of his friends had their own train
@@thearpox7873you are missing the joke. The Saudi father was thinking the other children OWNED the trains and that he was just catching his child up with them. 😂
@@thegreatest9282it's not a translation error it's just poor reading comprehension on the part of the respondent
I used to fix electronic devices. I had a client ask me to fix Facetime on his iPad. but he was from Saudi Arabia and that's where he got the iPad. Apple devices from Saudi Arabia are physically incapable of using Facetime. He didn't seem to accept this and finally I said "Listen, If I had the kind of pull with the House of Saud I'd get that changed." You would have thought I'd summoned the devil from the look of fear on his face.
You definitely can use Facetime in Saudi since my mom just called me yesterday on facetime, lol. Maybe it was the case years ago, but it's definitely not true for today.
I once had a conversation with a Saudi philosophy professor, who was complaining that more Saudis weren't interested in philosophy.
He did not like it when I pointed out that if he wanted his country to encourage philosophy, all he needed to do was fix their problem with beating, torturing and murdering people who disagreed with either Islam, or the House of Saud.
Turns out that he couldn't understand that the whole point to philosophy, is to question the status quo, and figure out why this world is so fucked up.
Sadly, he was part of the problem, not part of the solution. Saudi Arabia is one of those countries that I can't go to, or I'll be killed, the moment I start discussing spirituality. They really are quite petty like that.
@Zz1BLAKC1Zz that device was not bought in Saudi Arabia if it was it purchased in another country and bootlegged into Saudi Arabia.
The Middle East will run out of oil the day America stops buying from it. America will make its own oil, then outcompete them. They will go out of business, the experienced oil drillers and workers will leave the country, and if America pulls a Biden and goes back to buying Arab oil, it will be desolate like Venezuela.
@oFaisalo have you not heard of them?
Please do an entire video on the House of Saud. I did a Wikipedia search on the list of Saudi Kings, and that article read like a George R.R. Martin novel.
Sounds like these guys could rule the entire world if they wanted to with how large and wealthy they are, hell they most likely do in a way with how much oil they sell to the world.
@@CM-4929 true, I just imagine their entire family is like that of the children of medieval kings trying to carve out their own pieces of land after their dad dies. It's probably the same with their wealth but less killings(or maybe more, I don't know how their family dynamics work).
@CM-4929 a lot of that oil money is also in investments. Remember the crown prince was a key part of Musk buying twitter because he owned a large chunk of it.
he probably was inspired by it haha other than UK history
Where wealth accumulates, men decay. I guess for the Saudi Princes money is counted like Beans. You don't count individual beans, you measure them by the cup.
When you're used to seeing the whole world bend over backwards for you, and controlled by beans, human relationships must be hard to figure.
hello I want to start investing, but i am unsure where to start, do you have any advice or contacts for assistance?
It is prudent to seek expert advice when creating a solid financial portfolio due to its complexities
Naomi's distinctive strength is her pragmatic approach,, Setting her apart from other brokers who often set unrealistic goals and fail to deliver.
If someone is straightforward and skilled in their work, people will always recommend them. I appreciate her honesty,,
It is wise to seek professional guidance when building a strong financial portfolio due to its complexity.
Certainly, I diversified my $35,000 portfolio across different markets
As a Norwegian I am grateful the wealth was shared and invested instead of hoarded by the elite and wasted
Norwegian mindset is different than Saudi Arabian one
Genetics
Culture
History
Geography
These four factors shape nations
Norway does it right
@@EM-tx3ly And more than all of that is the historical influence of Lutheranism compared to Islam.
@@EM-tx3lybra, it took centuries for Norway to get this way. Remember what else Norwegians are famous for? Blood damn Vikings bugger off with that generalisation
Imagine if russia would have used all of its oil wealth into improving the country, instead hoarding into the pockets of oligarchs, and starting wars...
The Line, so people understand, is an architectural apocalypse of a bad idea. It's baffling where to begin; it's like talking down a child's drawing of an amusement park.
Just for curiosity sake, “how” bad can it possibly be?
@@23tovarm5if your work place takes place on the other side of the line, it’d take you hours to reach it. Having a narrow city is horrible for commute.
The line is supposed to be 170km long, 200m wide and 500m tall made out of 2 gigantic buildings. It's more like a shopping mall than a city. Oh and it's supposed to house 9 million people. That's something like Chicago metropolitan area worth of people. It's a fever dream straight out of sci-fi.
It's just another sad attempt at imitating Dubai. Saudi Arabi knows the oil is going to run out and is using tech startup techniques to try and stay relevant. Make a big flashy product and hope you can spend your way to success.
Terra's first hab-block!@@sunnuntaiselori1927
I ran a couple security details for a couple of lesser Saudi royalty. They will waste millions shopping, but not pay their bills.
you would probably do the same if you had the same impunity as they have.
@@kittytrail I wouldn't because I'm not a sociopath. It's not being rich or royal that does that to them, it's being awful human beings. Which is absolutely nothing to do with the money they have.
@@jonevansauthor where did i put money as a cause? i talked about _impunity_ and, yes, money might be an aggravating behavioural factor but money without impunity doesn't make people behave like this usually. 🙄
@@jonevansauthorI'd say, being born and raised in unimaginable wealth does something for ones personality, maybe if they'd be less rich, then less sociopathic too
@@jonevansauthorI disagree. Johnny Depp horribly mismanaged and neglected his bank account and so did Nicholas Cage. They are not horrible human beings, they are just fallible humans. When you are used to spending, you will forget to check on it. It has nothing to do with being a bad person. Even intelligent people will neglect the simplest things, what makes you think you're better?
“Saudi Arabia may try to Adapt to a world without oil prominemce but they will fail, in the same way the Kongo Kingdom failed as the demand for slavery fell to nothing.”
Btw I’m using quotes because TH-cam has repeatedly censored my comments on various videos.
I got my first warning about my comments - didnt tell me what comment or where so it was kind of worthless.
@@skywise001 that's to keep you tip-toeing permanently trying to guess what might result in a ban... 😉
@kittytrail
It's more scambots. This channel is large enough that I expect the comment's section to be littered with them. He's prob using the tool under yt vid zo_uoFI1WXM
Well you keep slandering Saudi Arabia who is a major shareholder in Google. Perhaps if you substitute Saudi Arabia with the Kingdom of the Camel Jockeys, you won't get censured. 😁
Saudi Arabia will still have a multi-billion dollar tourism (of the religious kind) industry that is not going to decrease anytime soon. I find it hard to believe they will ever truly collapse. They might have to switch from owning 10 hundred million worth Yatchs to just one though.
Honestly out of all the ways to blow money, I kinda get the falcons on the plane. Man had the budget to upgrade his beloved pets journey from a cramped ride in cages to a roomier and comfier one.😁
If you're going to cruelly force a bird onto a plane, you might as well do it the minimal respect of giving it some space. Plus, do you really want to be on a plane with 80 falcons going out of their minds with terror? The fewer passengers on that flight the better I'd imagine - probably all falconers at some level. The dog and horse people are no different to me.
Fr. If I was rich and flying somewhere, my dogs would be up in first class with me.
@@somethinglikethat2176Proving once again that first class doesn't necessarily mean you have any
@@Youser999 Caring for your animals enough to treat them well is far classier than you clearly are with that mentality.
Arab Spring video sounds like a good idea tbh. Also, would love to hear your take on Salazar of Portugal and Franco of Spain
The royal friendly would lavish their citizens with good benefits, and easy government jobs. No taxes till recently I think.
I read many government workers only worked one hour a day hah.
So no one revolted. Now that the oil is running out... Well... The younger generation is getting worried.
I've read articles that Saudis don't like to work. Not like we do in the west or especially South Korea or Japan.
Anyway some of the middle eastern countries have wild economies. Qatar and Oman come to mind.
There is a novella about that Salazar time, yes?? The best I can translate the title is How Things Used to Be. It is a good show with actors seen in other shows and is a good drama on its own, with complex characters that deserves a nod by non-Portuguese speakers.
Isn’t their a saying in Saudi Arabia;
The grandfather rode a camel, then oil was discovered. The father and child rode Mercedes, and the grandchild will ride a camel once more?
It's in UAE
I know they’re a ton of work, but I love the longer videos! Thank you for putting this together in such a clear and concise manner!
My sister in law is a teacher specialized in Data Science, The Saudi government is paying their youth to attend to a lot of boot-camps and courses, one may not agree with a lot around Saudi Arabia, but at least they are trying to prevent dutch disease and the curse of rich natural resources.
They are trying but it won’t work tools affect you just as much as you affect them. They have all this wealth and they have all this money and it will affect them and their character no matter what their parents try to do. Because ultimately money isn’t even a tool it is a social relationship
It doesn’t matter as a software engineer I don’t want to live in Saudi
As soon as they stop subsidising this industry, the work will collapse due to fears of data being controlled by the Saudi government
@@chrissmith3587 Completely agree, if they can't turn into a country you WANT to live in, it will all be in vain.
What they really need to do is free speech. It is only when free speech exists that the youth will be willing to start entrepeneurship, as it takes a lot of risks
Well its just not that they're running out of oil. Its that their oil is getting more "sour" and their infrastructure isn't built for it.
So Saudi crude and a bunch of the crude in the middle east is light sweet crude, which makes it super easy to refine/process, and the facilities that can be built relatively cheaply because the infrastructure/pipes don't need to be built to a spec for hazardous additives.
While elsewhere in the world, there's an additive in a lot of oil and gas called H2S that's a byproduct of bacterial breakdowns of plant and animal material in an anaerobic environment, making it "sour". And it loves to eat/corrode basic piping as H2S loves to make rust. It takes a bit to remove from petroleum products, but as a result it takes a lot more money and processing to take crude to that sweet light level. As well the piping to move it has to be a lot thicker, a higher grade of steel, and periodically monitored so that if a spot starts failing it can be swapped out. Plus valves, seals, and equipment need to be of the same spec to handle it.
One of the ways that the Saudi oil is getting more "sour" is that an easy way to keep production up on oil wells is to pump water into the well, let it push the oil to the top and add pressure to the formation by taking up that void of space of pumping oil out. But if the water isn't clean and basically distilled, it can introduce outside things into the formation, like bacteria and particulates, which get broken down....into H2S. As a result, over the years of adding water to wells, the infrastructure is starting to corrode that was never built (or needed to) a much harsher environment, there are more replacements and new equipment to handle to H2S, and the cost per barrel is going up. Not only are they running out of oil, their existing production is getting that much more expensive to run.
This comment needs to be higher up. Do they have shale oil like the US does or is it just what they’ve been pumping out?
No, it's definitely a finite resource, we're definitely running out, and we definitely haven't need to burn it for decades. How long before their supply is not worth extracting is a reasonable question. Any idea that they won't run out is just not how maths works.
@@LordRalphingtonPukesmythe Their oil is in a much more standard and drilling friendly formations, so they basically just need to geolocate (test drill and geological analysis) and drill down. No weird rock types, not that deep, not really any weird high pressure areas, and not a lot of natural gas as well, so there's not a lot of secondary processing and dealing with that product like there is in North America and Northern Europe
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
I believe the US refineries are set up to process sour crude when we were importing oil in significant amounts.
It can pose a problem when the oil that is being processed is sweet. I believe that is why the US also imports some oil still to this today, since sour crude ia cheaper than sweet.
Basically they are trying to find a way of diversifying their economy, not abandon oil. Because the oil will run out soon enough.
oil will *not* run out soon. the "reserves" they tout are always under reported and they're not as stupid as them europoors to cut off all their cheap sources of energy and hence sources of productive income(nuclear and cheap russkie gas and oil). by creating a narrative of reduced production "'cause we're near the end of oil" and adjusting production just low enough for sustaining oil prices way over their costs and -paying- having their western oil companies and policritters sidekicks wail and kvetch while raking insane profits from the wells to the gas tank. if you want to know if we're running out or not check by yourself how much is spent in the frenetic search for new oil fields and modernisation of extraction methods around the world that would make even more insane profits for those investing in those if the wells of today were dryin' up tomorrow... 😏👆
Thanks, from the informericial i just watch, i just assumed that it rich people being rich
Yes and The last part about the application is funny more than true go see the app yourself i didn't think people can be this stupid 😂😂😂😂
It's their 2040 vision. Their Prince was on a worldwide tour until the House of Saud decided to commit some crimes and cover it up by killing a reporter. Almost makes the UK royalty seem like decent people, almost.
Not in the USA - we are about to lead the world in production, just found the largest deposit ever for the US. And the USGA says they predict we have far, far more to be discovered in Permean Basin.
Reading the House of Saud Wikipedia page is reading Fire and Blood but without any dragons in it
Feels like Civ and Saudi Arabia is trying to speedrun the cultural victory
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
@@LeiSnowsyou would deserve such a Treatment
@@LeiSnowseven if we treated women like that you still wouldn't have a woman.
@@55was only sane comment here
@@whatsup5914guy is a bot, he allready spamed same comment in 10 other treds.
Bro I thought I was only 20 minutes in and then you said “thanks for watching.” I do my homework to your videos and time just flew by listening to this
My nephew actually went to Saudi Arabia recently on a mission trip. We worried a lot as we heard, and he was prepped for, possible persecution that could of happened. Thankfully he actually received a rather warm welcome and everything ended up going very well. That was the first time I heard about the Crown Prince and his attempts to really update things. Things don't happen over night so I'm not surprised a lot of it is baby steps but hopefully it can continue to expand from there. It's always better to have healthy countries with happy people than it is desperate and unhappy people.
I really enjoyed this video it felt like an expansion of a lot of the things my nephew talked about when he came back.
اذا طبق الاسلام في بلدا او مكان
لازم تعرف انه سوف يكون آمن للجميع
@@عبير-ف6ل9بSaudi Arabia is de radicalizing itself from islam allowing women to drive, party have alcohol. Build DJ discos and banning use of loud speaker and public display of namaz. If it was islam Saudi Arabia would look like Afghanistan.
@@عبير-ف6ل9بTell that to women, gay, bi or trans people
@@عبير-ف6ل9ب"that's BS like MBS. Islam is a violent religion for sand people"
Bots
I think something you missed in comparing USA Oil production/consumption compared to Saudi is that the USA is also the world leader on petroleum refinement. Not all of that Oil is "consumed" within the USA, a lot of it is used as an input to a value-add process, adding more economic value to the product, before then consuming it or exporting the refined products.
Saudi Arabia ... doesn't. At least not nearly as much. Their "economy" is based almost entirely on just digging the raw good out of the ground and exporting it.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
Analysis of their oil basin before everyone was kicked out and Saudi Aramco took it all over predicted they should have already run dry years ago. The original analysis was probably off but it likely wasn't absurdly off. So if I had to guess about whether or not they are about to run out, I'd say it's probably coming up in the next decade.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
I doubt that tbh, since 2020 they discovered 6 new oil and gas fields and they keep on digging 😂 idk to me that landmark seems hella rich with oil and gas but eventually they will run out but i dont think it would be in a decade maybe 4 or 5 decades.
@@LeiSnows no they are not
It's not really as much about running out that's the nearer-term issue, it's reaching peak oil and after the peak gradually producing less per year, not out of choice but because you just can't get more out no matter how many more wells you put in. Then you need to compare that to oil demand in the world. If we don't keep ahead of depletion curves by switching to alternatives, and being more efficient in energy use, then demand outstrips supply and the price of oil/energy increases and you're more likely to have economic and societal problems cropping up in various places around the world
@@LeiSnowsBOT
suddenly remembering a fictional apocalypse documentary asking; "what'd happen if the world ran out of oil"?
reminds me of the many solutions was to ramp up renewable energy, switch to nuclear energy, or revert back to steam.
That's just Mad Max, Mad Max is a world where the gas ran out.
@SeruraRenge11
Or 1970's US
The only way renewable energy transition is possible is with MASSIVE increases in oil-based energy production. Green energy is extremely expensive, energy-intensive, and complicated to spin up. To build enough EV charging stations in the US alone would required DOUBLING of all copper production on Earth. And that is just the US. Not to mention that for most countries, green energy sources result in a net negative energy return due to geography. The reality is the energy transition is a long ways off. Also, we aren't running out of oil. The US shale reserves, which could be tapped at a around $80-$100/br amount to a total reserve of around 3 trillion barrels. By far the largest on Earth.
@LaFonteCheVi
Except oil would also be around $100 per barrel. Which means we're back to $4/gal or higher for gas
@@Demopans5990 i think the estimates put the values at minimum $5-$10 per gallon at the pumps before regoinal inflation raises the price.
locations closer to highways or main depots would be $0.50-$1.50 cheaper than major towns (being held to market standards), and almost $2-$5 markups in metropolitan areas depending on the fuel type.
The current House of Saud is the 3rd rendition of this particular house.
So don't dismiss them completely, once the oil runs out.
wut you mean? Saud families only really been relevant since their war after ww2, they are a pretty modern thing.
Commenting to feed the algorithm because more people need to be aware of this. I just learned 100x more about Saudi history and politics than I did at the beginning of this video.
Oil has been the last vestige of the Middle East being relevant on the world stage, since the suez canal, modern shipping, and the collapse of the silk road by those and other factors.
The sheer waste, the years of lack of effort to improve...it's mind boggling.
And this hasn't mentioned the billions that arabia has put into weapons in its dick measuring contest with Tehran.
Ah the line, saw that in a video about Archologies and WARHAMMER 40K HIVES, and there's serious concerns about the line as well, like how it'll have a literal division of sunlight access for the, again literal, 'lower classes'. It's rainforest canopy all over again.
Imo, Saudi arabia is trying to do too much, too late, and is essentially throwing money at the problems like people accuse America of doing. It is going to fail, they needed to do this *generations* ago and at this point, it's a matter of the money holding it all together running out and then it's going to fall apart.
Huh? I've never heard America accused of throwing money at problems - I'd have said it was the exact opposite. The Hive cities are supposed to be the worst thing in a horrific future. They're not a recommendation, any more than Mega City One is.
As for light in the Line, I think that's a silly concern, but only because it's no different to any other city with tall buildings. I feel like windows will take care of the bits people want light in, and sunlight is not magical or special.
Do I think they'll get it all built? Not really, but is it bad in principle to have a linear city? I haven't seen anything halfway convincing. I am convinced by architects saying shipping container homes aren't worth the effort because they've tried it, and found it expensive and time consuming so it's pointless.
@@jonevansauthorAmerica loves wasting money on nonsense.
The thing that gets me is they're obviously competent enough. Some countries in disrepair seem like they're just not capable of a civilisation in the way we define it. Saudi Arabia is not one of those. Look at those palaces! They can obviously make nice, functioning things; it just seems like they don't care enough to fix these problems they're facing. Kinda nauseating.
Genuinely a great video. The level of information and detail is so well presented I know I am going to have to work through more of your videos. cheers m8
Thank you for putting this together in such a clear and concise manner!
I thinks it’s important to state;”: when MBS became crown prince, he didn’t have a lot of capital, nor did he have a vast amount of assets he could liquidate for cash.
His family had vast amounts of money, but MBS did not personally have the kind of wealth he could access. Although MBS was crown prince, he didn’t have the money of power to get things done.
That was the case until the 2017 Riyadh Ritz-Carlton shakedown. MBS took his family hostage (especially the rich entrepreneurs), under the guise of stopping corruption.
MBS would keep those family members hostage until they transferred all money, liquid assets, and ownership of all their private businesses, to the crown prince.
therefore, overnight MBS went from a figure head, into an actual figure of authority now that he had full control of a large portion of Saudi Arabia’s income streams.
If the Saudis are actually serious about eradicating or reducing clan structures wouldnt it make sense to rebrand the country from SAUDI Arabia to just, Arabia, or United Arabia? Since SAUDI Arabia is kind of blasting "clan ran Kingdom" all across its nation.
Appreciate all the hard work that goes into making these videos and I pray and I hope for your great success in the future
As an Australian, I'm just happy to know that we probably have a bigger proven reserve of sand.
I think it is long past time that you do an episode on which country has the greatest proven reserves of sand...;-)
Sand,sand everywhere and not enough swimming pool filters to put it in
What’s the price per bucket? I’m in the market for a big bucket of sand, assuming all the kangaroo turds have been sieved out.
@@GaudiaCertaminisGaming Do you know how many Kangaroo turds there are in a bucket of sand?
As many as you want! 🙂
Unfortunately, given that it is purely black market stuff, I'm going to have to charge 10,000 per bucket, as I have to drive out there, clean out the turds and smuggle it past our customs, and make sure it doesn't fall into the hands of yours.
Its a difficult, dangerous, smelly job...
great content man!
saudi arabian citzen here:the clans issue is actually being worked on with a simple solution. higher positions can't be held unless you give up your clan name for a family name(something like your father or grandfather's names or nick names), this is the case with the government sectors. in terms of the private sectors that is an aggressively different sector that would replace you in an instant the moment they know your even slacking not just being corrupt. allot of employees are now being replaced with female employees and managers too are now mostly being replaced with more female managers because they are allot less relaxed and allot more strict and would actually accept lower income. this might cause a problem in the future if society doesn't adjust too well with this change but if it ever does this would mean that the private sector would change for the better. hardship always comes first.
10:22 Lol Captain Falcon must be flying that plane.
Saudi Arabia is facing an extreme uphill battle. They're trying to have their own Meji Restoration, only they're trying to speedrun it, as if the Meji Restoration wasn't already a speedrun of industrial and social modernization.
Instead of spending so much on mega projects and sports, they should focus on saving a currency reserve to glide on while reforming the country in a process that would take decades to achieve properly.
Lol exactly. Meiji Restoration but minus the planning, cultural unity, and efficient infrastructure.
That $400 million yacht of MBS's could host a LOT of simultaneous journalist disassemblies.
It was a turning point for global opinion of MBS. I had been seen in a relatively good light, the overnight it changed to "just another bloodthirsty dictator".
Kinda put a hole in his Saudi 2030 plans. It was funny watching MBS slowly figure out that action can have consequences however.
or a lot of instagram scatfluencers
Yes, the reason that dictators like yachts so much is that they are away from police and military forces. National laws do not apply. You can do things on yachts in the middle of the ocean that you can't do on land.
Saudi Arabia might be backwards in some ways, but they are very smart and educated in others. Such as how they treat women. We need to treat them more like 2016 Saudi Arabia everywhere.
Agreed! The Saudis are right about women@@LeiSnows
The problem with 2030 is it's trying to build a modern, prosperous society without the supporting population. The purchases that the Saudis are making are massively overpaying for companies and sports. I can't help by think how much of the money is being burned.
😂😂😂 Who said that Vision 2030 does not care about society?! The most important pillar of the vision is “a vibrant community”... I will give you some of the achievements achieved by the vision: The percentage of the population who own housing increased from 30% to more than 60%. Also, Roshan Real Estate Company was established, which currently has many giant residential projects. Vision 2030 provided many job opportunities and also provided many new fields in the Saudi economy, such as the automotive industry and also military industries. Thanks to 2030, Saudi Arabia has the fifth largest investment fund in the world. There are many things that have become available to us thanks to Vision 2030 😏
@@SAUDIfutureprojectscan you elaborate on the automotive industries and also the jobs created?
@@ccmetalhead the unemployment rate in 2016 was 12.3% and now it is 7.6%. The goal for 2030 is 7% or less
The line is one of the most idiotic concepts for a city ever proposed. Its just there as a way to funnel money into slush funds as needed.
I couldn’t imagine the congestion if a rail line goes down.
@@c_rock3512 beyond even that - its supposed to be a giant glass and metal city in one of the hottest deserts in the world. For a quick breakdown on how dumb it is look at NEOM Is The Parody Of The Future
@@c_rock3512 search for NEOM Is The Parody Of The Future , it goes over a lot of the engineering problems with the whole idea
The Saudi situation reminds me of what happened on the island of Noumea.
The Noumean population made their fortune selling the resources of their tiny island for decades, and despite some potential planning for the future, they were left begging with even less options for a future in the end.
I predict a future of the same for Saudi Arabia, probably a scattered remnant of squabbling clans or tribes trying to survive among the ruins of their folly.
We won't feel sorry for them, because we'll be squabbling among the ruins of our own troubles if we continue relying on a finite resource.
for those who will go to italy: don't break stuff claiming that it's a souvenir, just buy a thing from a store, make all the pictures you want, just don't touch anything that looks old or fragile. Please refrain from vandalism in any forms: Don't be a jackass, and you won't end up fined or jailed.
Hope you enjoy italy!
Signed: a concerned italian
Sir this is a video on Saudi Arabia tf does Europe's boot have anything to do with it?
@@simonnachreiner8380 and you're necroposting, and i don't remember why wrote that stuff u.u
He's taking about the trip@@simonnachreiner8380
@@derokdeathaxe6984 tf is necroposting
@@AceH.-jk5kn when you comment on a very old post.
On Saudi Arabia’s bid to get the World Cup it is also worth noting that FIFA put the 2030 World Cup in 3 different continents so only an Asian Country could host the 2034 World Cup… which paved the way for Saudi Arabia to get the bid uncontested.
smart use of the hand delivered suitcase full of cash and a couple gold Rolex watches... 🤡👌
Giovanni Infantino is the GOAT of sports corruption. And we all thought Sepp Blatter was bad.
I don't get it. Sports is always corrupt, and FIFA is probably the gold standard of that. I'm not sure there's a single sporting body that's not thought to be wildly corrupt, is there? These people can't even sort out fair uniforms for people to play ball games on a beach. They can't even enforce the basic rules in a soccer match and they're fine with people getting concussions or much worse injuries. They'll shoot horses after making them break their legs. The sport people are not cool.
@@somethinglikethat2176 Wait, wait, wait. A guy with a name like that is open to bribes? That's unheard of!
You know what’s funny, a-lot of modern day events mirror the Fallout Game’s Pre War backstory (The Resource Wars)
Its kinda hard to imagine how ridiculously Saudi Family rich is but you just need to hear or read the news about their "projects" (like their plan for The Line as self-sustaining building) and than you can figure out how rich they must be to even think about projects like this.
Loved the video. Watched it right to the end.
DAAAAAAAMN, King Abdulaziz was a busy man. That's like 50 sons. And who knows how many daughters.
Love these long videos, keep up the nice work!
The whole change to mecca is also part of this. The big clock annoyed many Muslims
Even if I think that Neom and a lot on this peninsula is so dump that I want to see them all fail economically, I have a gut feeling that I should not wish for them to fail to not spiraling the region into instability...
And vile. Don't forget they are vile how they treat foreign workers, how they went to war in Jemen and killd Kaschoggi in the Instanbul Embassy. All the ruling class hould go to hell.
Theyve been running out for awhile honestly its just been technology and techniqe advancements that have been keeping it going
Saw a video of that Line city. Something straight out of post-apocalyptic movie from the 80s, where something like that goes wrong, OR only the rich live well & the poor are on the bottom.
I have been working in Saudi Arabia since 2018. On the 13 December 2023 i saw Metallica live in Riyadh. Things have changed a lot.
Still a shithole
Yeah it's ridiculous spending, but I kind of like that each falcon got their own seat instead of being stuffed in stacked cages in the cargo bay.
“May the House of Saud and their polity fall forever into the Reaper’s Embrace.”
Thank you for your passion, dedication and great speaking skills for these videos.
I really appreciate everything you do and makes me understand a lot of things about lots of subjects.
Thank you
Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. This means that, without Net Exports, there would be about 221 years of oil left (at current consumption levels and excluding unproven reserves). Saudi Arabia IS NOT running Out Of Oil
It is exporting majority of oil it produces
Awesome Video. Thanks for the work you put in.
THE LINE biggest failure will be who will want to live in confined and very expensive apartments in country where you have little personal freedom .
I totally agree, however I think they’re going to relax the laws they said
Terrific video, well researched and presented, thank you!!
By any chance can you do a video on the world's largest coal reserves, the Powder River Basin?
I'm actually surprised the reserves lasted as long as they did.
When Obama visited the Saudis, they tried to give him all sorts of incredibly lavish gifts. Unfortunately for Obama, US law required that he deny them, which he did.
have you checked his garage on Martha's vineyard to be so sure he didn't accept 'em? 😏
@kittytrail I am purely referring to what he said in his book. I don't know him. He's obviously not entirely reliable in that book, he basically said Dimitri medvedev was a great guy limited by how much Putin sucks, but these days most western news outlets are pretty sure Medvedev is just one of Putin's yes men and fully on board with all the terrible shit he does. But I am fairly certain he denied the particular gifts he mentioned, becuase there is record of the government taking them. Also presidents already get paid a ton and most of their expenses taken care of, plus the ability to give talks and sell books to their heart's content, they don't really need more money.
@@kevincronk7981 pretty gullible you seem to be as none of what you spouted there is even remotely objectively true and/or historically correct... 🧐
@@kittytrail
Should I bring up the list of times the Congress confiscated gifts given to previous Presidents? Just off the top of my head Van Buren was gifted twontiger cubs by the Sultan of Oman and Cingress took them away and put them in a zoo.
@@kittytrail I'm talking about what I read in a specific book. I'm not claiming that the book is true, just what Obama said after leaving politics. The book in particular is a promised land
The picture at 9:44 is actually Prince Alwaleed's private A380...or at least what it would have looked like if it was ever actually fitted and delivered. There's still a lot of speculation surrounding it, but Forbes reports that the prince actually haggled with Airbus to buy and refit their second test plane in 2007, only for the 2008 financial crisis to wreck his portfolio (particularly his Citi Group holdings), forcing him to rethink the purchase. Last I read it's still sitting on display at Toulouse Blagnac having never been delivered
I hope you enjoy your trip! I'm basically a walking heater and prefer colder climates. Even if I had the money the thought taking a trip to the desert gives me the willie's. That last part is a comment about Saidiarabia not Rome.
Honestly I wish TH-cam would create a talking head category because I just listened to this video while I’m working and honestly I don’t think I really missed anything and you describe it well enough I don’t need to watch
"Fossil fuel" came from the same people who brought you "Reefer Madness"...
and modern "medicine", modern industrial non-edible and poisonous f00d stuff, and modern propaganda too. 😏👍
Blame Standard Oil and Sinclair, who invented the term 'fossil fuel' to make it sound like petrochemicals are much rarer than they actually are. Oil and natural gas are actually made by a combination of abiotic decomposition of organic rocks in the mantle combined with deep crust extremophiles eating the rock decomposition products. The question then is not "when will it run out?" and more "how much is being made at any given time?" and that would deprive certain interest groups of a big excuse to reduce the rest of us to utter penury.
@PhoenixLord777 from Flat Earth U I believe.
The early 1800s?
@@jonevansauthorGo get another booster.
Very interesting thanks you for your amazing work :)
The amount of wealth and power these guys have is insane to me, like they probably have enough wealth to last them multiple life time's. Though this is the storytelling side of my brain thinking but imagine a story where the main antagonist or villains are like a family as big and as powerful as the Saudis that the hero's are trying to bring down, like that would make perfect villains that are basically untouchable and Even if they are able to defeat a few of the top head's of the family they would either be crushed by how powerful they are or it wouldn't matter since some new members would take over.
Very true and very accurate
you're basically describing one piece
Great video! Thx
They aren’t even close to running out of oil. The scarcity has always been essentially artificial with tight controls on production and extraction. There will be centuries of oil and gas still in the ground by the time we have phased out its use.
the reason saudi clan worries is, that the oil extraction gets costly over time, since the easy and high quality oil that could be extracted was easly done and cheap to process and the profit was very high. the point is that "cheap and high quality oil" is running out, the wells have to be deeper and oil needs to be pushed up with water pressure , the quality is poorer than before and the profit altogether plummed. on the other hand, the rising number of saudi population asks to keep up their lifesyle, hardly working as government official, hardly paying tax, that worries the saudi clan as well, so payments keep going on , money spending is high, but incoming money is slowly decreasing.
Thank you so much guys. You are enlightening us
Never exploit a single resource, unless you don't give a crap about the future. Then do whatever you want
Thank you for continued great content and work!
they had nothing before oil, they will have nothing after it.
don't underestimate them. the show-offs will end with one head less but the oil and money isn't going to run out anytime soon. their hanbali/wahabi flavoured plans are long term and they've already planted the seeds of the next steps all around the world.
and we welcomed them in in the name of diversity.@@kittytrail
@@conan2096 i'm pretty sure you and me didn't welcome a single one nor got loads of cash in exchange for opening our borders and promoting their massive importation. 😉
There arent many refugees from Saudi dude😂@@conan2096
Yes, in a very sunny place, with little vegetation, there is no conceivable way they could generate energy and export it to neighbouring countries growing forward. Nor could they use said energy to generate clean water and export that. Plus, no-one would ever want to go somewhere hot and sunny with a lot of beachfront on holiday and it's not like there are major trade routes anywhere near them.
I am commenting for the TH-cam gods. Direct your algorithm to this man and empower him with views!
I was thinking of "sand" and "beheadings"... oops ... MEA CVLPA ... They a no teacha civics in Portlanni skools.
That was a great and very informative video. Thanks a lot and greetings from Paris.
The spice must flow.
Great job
Most depressing thing I've watched in a while
I remember watching the 2019 ppv with my mom & her bf, they were busy gawking at the crowd while I was in awe of mbs' financial pivot & creative vision
To reinforce what others have said - They're not running out of oil, they want to diversify their economy.
They're going to have to make some serious cultural changes before that can happen though
Man, I so love videos on mega/giga projects and how they succeed, or more often, fail horribly. Would love to see more of that content.
tbf that 2018 chart is afaik before the fracking revolution caused the US to suddenly have 100 times the amount of oil reserves it did before. But I don't think Saudi has any oil that can obtain that way.
I'm not sure about that, and something is off in your timeline. The fracking revolution started in the late '00s and became public knowledge and widespread news in the early '10s. By 2014, the US was oil independent. In 2018, the shale revolution was old news.
Would definitely love to hear more about Saudi Arabia. Interested to hear about how they have a different Social Contract than in the West where the government highly subsidizes COL in return for allowing the royal family to remain in power. What sort of things are subsidized and how does that affect education levels and career engagement among the citizens (since guest workers are a fairly straightforward answer)
تعلم الأسلام وتعرف الاجابه
لان الشعب متدين بطبعه
@@عبير-ف6ل9بdoesn’t have to mean belief in Islam
6:30 Dispensers! Not the Kleenex itself dingdong.
Imagine trying to kickstart economy in place where people have forgotten what work looks like😂
Great now we can't invade them
Not yet finished with the video but here you have a ❤ for wonderful content.
I would have loved to go to your larping event but the equipment so expensive even to rent :/
Insane commitment! Well done
No, it's not normal for royal families to display conspicuous wealth as the Saudis do. It's considered gauche. That's the same with lots of wealthy people of course. The Queen looked like she dressed at Marks & Spencer, and half the stuff M&S sold was styled after her. When you buy a tweed jacket from a reputable tailor (which means London or Hong Kong in case you were confused) you'll expect it to last decades barring weird accidents.
The Saudis are more like the French at the height of their decadence, or the vile orange man in their tastes. On the other hand, they don't have family heirloom furniture and so on, because they're amateurs and only recently became a thing at all. Bear in mind the 'wealth' you see on the British royal family a) doesn't belong to them b) is ancient and not lots of recently bought things and c) isn't displayed just to look wealthy and d) is often stylish and practical.
But unlike modern royalties the Saudi one don't actually serve the people, and have good reason to be terrified of them as the individual senior royals are often less extremist (if you can imagine that). Because of their standardised clothing, which I guess is considered fairly practical for the environment, and because they're centuries late, they haven't been setting fashion trends as a family for centuries. Unlike ours. I suspect if they survive the next 500 years, they'll calm down a bit. For instance, will they replace their big palace?
By the way, for comparison, Buckingham Palace has 775 rooms and 880k sq ft, it's number 18th in the world (but we have castles here so one building is kind of irrelevant and we've been doing it longer in many respects). It'd pretty modest compared to the Winter Palace, Hofburg or Louvre.
Also, if you want a laugh, look up the Saudis being welcomed by the Welsh Guard playing the Imperial March from Star Wars.
The US has the largest oil reserves on Earth. The "proven oil reserves" is a very specific metric and leaves out a lot of oil we know exists but are deemed "unconventional". It ignores technological gains in things like fracking and shale. The US has around 3 TRILLION barrels in shale reserves. Which dwarfs any country on the planet currently.
Their kids are also terrible lawbreakers that push their luck. I had some living in a building I worked at. The worst little emperors around.
48:09 No it sounds like your listing thes4e off because your super excited for ever single little thing their doing and want to go into details about it. Its exhausting trying to take in all this irrelevant info.
Def not your strongest work. It needed more editing down of the boring side offshoots and the weeds. Actual content is really sparse.
Saudis rarely make good neighbors.
the amount of work and dedication that have been put into research for this video is massive!! I'm Saudi and 95% of what you said is correct and accurate
Wait people think that Muslims see Jesus negatively and not as a prophet when
People dont know shit about what muslims think
yea theres a long history of Muslims mocking "christ" or the belief in him. Sort of your traditional religious persecution you find across the years from the dominant religion over mintory religions.
There's a lot of misinformation that christian churches and politicians pushed out following 9/11. The biggest being the conflation of "they don't believe in jesus as a savior" and "they think jesus was a false prophet."
... propaganda mixed with religious fervor is always a scary combo.
@@tkelly6121christ is accepted as a prophet in İslam, not as god himself. So perhaps they are mocking the notion of accepting a prophet as god himself?
@@IsengardMordor yup, it's anti-theists like me who mock people for thinking he existed at all as well as the very notion of theism or magic or homeopathy and other associated nonsense. But all the religious people only disagree on which of the thousands of gods don't exist and funnily enough, their one/s always do! Weird that. The monotheist is disbelieves around 2,999 of the 3,000 or so named gods. I disbelieve just one more, and they think I'm the one whose wrong. :D Bless their hearts.
babe wake up, a new SAUDI ARABIA OIL IS RUNNING OUT video just dropped
*scratches beard*
Due to COVID most people missed the fact that Saudi aramco had one of their pipelines blown up in December 2019, it was over a 2Trillion dollar loss.
Well done, a fairly accurate balanced discussion on the challenges Saudi faces.
Saudi Arabia hasn't got a great record on human rights.
They only made slavery illegal in 1962, Though I suspect foreign service workers would dispute this.