The Future: A World Awash in Oil

Today, the Middle East is in the news daily — we hear of strife in Syria, in Iran, in Israel and Palestine. Ten or 20 years from now, conflicts in the Middle East will count for less in the world’s scheme of things, just as the daily conflicts that now occur in Africa get short shrift, despite Africa’s far greater loss of life. Twenty years from now, the Middle East could be about as important as it was at the turn of the previous century — before its oil was discovered — which was not very important at all. The Middle East will attract scant attention in future, not because the region will have run out of oil — it will have found much more — but because the rest of the world will also be awash in oil.