Wednesday, March 31, 2010

Where is all the moolah?

Kuwait posts 28.9 billion dollar preliminary budget surplus

despite this phenomenal amount, green apples have reached 800fils/kilo @ the Co-ops. Rents are sky-rocketing despite constant reassurance they are to move downward. The consumer price index is on the rise.

Oil revenues contributed 94.7 percent of total income.
Kuwait needs to search for alternative sources of income; with the world developing a green thumb, I predict that, sometime in the not-so-distant future, biofuels will become obsolete, in favor of their more green, efficient counter-parts. What will happen to Kuwait then?

And even if oil remains mainstream; its a limited resource (geography-101), whether its 50 years down the line, 100 or 200, it will run out. Then what?

1 comment:

Anonymous said...

then we will be the expats blogging about the countries we're in :)