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hoser is like that rare bird that just shows up once in a while

*Oil is dead *the desert is empty *the other continents are full *Anything else is fuel

Once a Saudi Oil Minister said "Stone age didn't end because of shortage of stones". Looks like he knew what he was talking about.

Urban explorers will have a field day exploring all these abandoned megaprojects in the middle of the desert.

Turtles 🐢

“The stone age didn’t end because we ran out of stone.”- MBS

We’ve been hearing that oil would run out for decades. When I got my license in 2001 we were supposed to run out by 2010.

I feel like Saudi Arabia's doomer reputation because of their economic importance on oil is a bit overstated. Oil (and cheaply extracted oil at that) will still be incredibly important for at least another century. What Saudis need in my opinion is a diversification of its power structure to allow fringe and risky ideas/investments to be better challenged. As well as there needs to be something done about how the ethnic natives are incredibly "spoiled" and dependent on the work ethic of foreigners.

it seems like they looked at Norway's economy, said let's copy them but snorted 10 lines before they got to work

Saudi Arabia is the gonna be the first country to make it back to the hood

That Camel looks just amazing.

2 decades ago at University I was told that by 2020, all the oil will be used up.... Today the countries that don't have it are failing and more is being found regularly.

To be honest, calling it a gamble is a bit of an understatement. Their plans all range from crazy, to downright idiotic. I mean there's no shortage of people who have pointed out how silly some of the Saudi's plans are, with things like The Line and Mukaab taking most of the heat with how absurd they are. Let's be real here, a lot of these ideas sound cool in concept, but I sincerely doubt most of them are feasible. Even if they were, I'm not sure if they'd make as big of an impact as the Saudis are hoping.

Fun fact : KSA has reached the 100 million tourist goal that was put in the 2030 vision before even 2025

"When a problem is solved by money, it's not a problem, it's expenses"

At least if your economy is 75% dependent on wheat, sugar, or coffee, you can always replant and grow a next year harvest. You're at the whims of the demands of the consumer, but there will always be a next year harvest. Coal and oil don't regenerate if you burry it and water it.

Hoser: “oil is DONE” U.S. military: “it is done when I say it is done”

@13:13 i dont understand the problem with the winter games. Saudi Arabia isn't all desert. it has snow.

There isnt a former coal mining boom town in the developed world that hasnt shrunk and collapsed since the death of coal. Even in places like Poland which still burn coal a lot, the coal towns have all shrunk and become rust belt like cities. I am from an American rust belt old coal town. There are so many early 1900s mansions in the city, despite there being almost no wealth or job opportunities. And coal towns in America are all in great climates, with lush and fertile land and terrain. In other words, they are very habitable places, if jobs existed to keep people financially viable. Saudi, Qatar, Bahrain and these desert nations with oil will suffer a far worse collapse than the American or European rust belt. There is no reason at all to live in a scorching desert that has no jobs or growth. There is no history there, no great old mansions, no beautiful plants of trees. Just deserts, shopping malls and shiny ugly new buildings. They are screwed, big time.

Oil ended up being a curse for the countries that have it, except Norway, they have a government that doesn't stink

As a gulf Arab youth myself, not a Saudi tho, we share the same issues but on a smaller less acute scale because of our smaller size. For the entire neighborhood the trickiest bit would be restructuring that social contract (which I personally think is badly needed and is very long overdue) but without leaving citizens with the short end of the stick. Local authorities can't expect citizens to forgo of their oil-dependent financial safety buffers without first demonstrating shared responsibility (reducing royal court spending, tackling institutional and systemic corruption etc).

This is such a small thing but how did you make the sponsor colour bar multicoloured and shrink nonlinearly 🤯

As a Saudi citizen, I can attest that the country is changing rapidly, and the majority of people here embrace these changes and are very optimistic about them 😉

Vision 2030 sounds like a 14 year old designed that. Lets be energy neutral! Yeah lets also build a open ski resort in the desert 😂

Unfortunately for Saudi Arabia, there is room for only so many Dubais. And my guess is that the long-term global demand for Dubais in the Middle East is less than 1.

Well researched video

Well done and thank you!

Fun fact from the Red Line Podcast's episode of the green line seires focusing on climate change and Saudi Arabia, the Saudis will be actually the last ones producing oil profitably because their extraction is the cheapest. Basically as demand plummets and prices will drop, the more expensive extraction places for oil will become unprofitable eventually decreasing supply and thus giving a larger market share to Saudi Arabia, and this will create an interesting dynamic where Saudi Arabia by the virtue of geography will be one of the least affected by the end of oil. In contrast places like Nigeria will be the hardest hit by plummeting demand for oil because their more expensive oil will no longer be profitable. This was the specific episode I believe: ukposts.info/have/v-deo/amKFeGiChqh9op8.htmlsi=4tqW5xTLRz1kPPRD

Look at all the money they have to spend in order just to attract a very small fraction of tourism that México gets on a regular basis each and every year. All of those mega expensive projects are doomed to fail. All of us regular folk are going to be priced out of there immediately.

tourist economies are inherently unsustainable because they require people to travel long distances to visit a place for a short time which uses a lot of energy

Honduras mentioned at 8:00 and you got our colors right nice! :D

As a saudi, i can confirm the kingdom is not collapsing, no im not paid, wallahi.

I grew up there, ask me anything if you'd wanna know something about society there. They are currently rolling back subsidies, but the extent to which utilities and public goods were subsidized was insane. Until they were rolled back recently, Premium Petrol was around ¢15 a litre, drinking water was ¢25 a litre (this is the desert), utility/piped home water was $1.5 per cubic metre, food was also insanely cheap considering everything besides dairy is imported

The reason Saudi Arabia is screwed on longterm oil profits isn't even just because of renewables. It's also because the cartel power of OPEC has been massively diminished. The reason they historically have been able to set prices is because OPEC would pull back production to raise prices, or pump extra to lower prices and drive competition out of business. They can't do this anymore though because there are major producers like the USA and Canada that aren't in OPEC, and countries like Russia that are technically in OPEC+ are selling as much as they can for uh, other reasons.

you can make a paper out of this, damn dude very well done

What is the thumbnail picture that you used in this video ? I saw this thing somewhere else but I can't remember. A gold monolith with a crescent shaped hole in the top....

It should be pointed out that the main problem with Venezuelan oil is not mountains and jungle making it hard to access, but that it is low-value heavy oil, high in carbon and low in hydrogen, as opposed to the Persian Gulf's light sweet crude.

the line city genuinly baffles me, cities spawl outwards in all directions for a reason, spread 2 points randomly on a shape, a circle will be most likely to have the shortest distance, ease of access is important for a city, you don't want a firestation every few miles you want one fire station which can travel miles, you'll need way more infrastructure just to support a quirky impractical city.

The Line will be a popular abandoned attraction depending how how far they’ll build it before they quit.

Line has been reduced marginally lower from planned 180kms to 2.8kms 😎

So weird watching the country of aging medieval throwbacks turning into a crypto bro playground.

Fun fact: My great grandfather was one of the oil workers that was there when the deal between the US and Saudi were constructed. The prince at the time gave them all special camel whips (that we have), where when you pull out the whip part, a blade is underneath. I now also have the camera that took the photo of the very first oil gush in Saudi (and no we did not get a penny of that wealth he made LOL)

Nothing on earth can make me play war thunder ever again. Great video tho!

They could pretty easily deal with any revolts generated by the revocation of oil benefits, given that they have a huge army dedicated almost solely to doing this

The Line will be cool to explore once its abandoned

As the film crude awakening points out, the largest oil field in Saudi is mostly pumping water. The fact they moved to offshore drilling which costs a LOT more shows onshore is running dry.

Doesn’t look like it’s dead It’s just Europe thinks it can survive without it while it turns into conflict zone sponsored by usa Everyone pretty much depends on oil but here in Saudi it’s better to have different incomes just in case

So many people think EVs will take over. Mobil electricity is more carbon intensive than a simple gasoline engine. Batteries will not be the future.... The hydrogen economy is set to take over once battery tech starts to show its limitation.

I guess they tried to build their education system as well. I remember my high school chemistry teacher was offered a job in Saudi and he couldn't believe the amount of money they were willing to pay. Despite all that, he didn't want to leave India. It's not so easy to attract intellectuals as it is to get labourers with cash. Educated folks will also want better lifestyle and social liberties.

Oil is used to make hundreds of other products and if they play well they can produce those products for the whole world(cheaper than anyone else). Also oil will be used for trucks, ships, airplanes...of course amount will be way way less but still they can sell a lot of it.

I may not entirely agree with the contents of this video, but i do wanna thank you for putting in the effort to pronounce the names right and write on the flag correctly enough (at least the first time).

Most of it interesting, BUT Oil is no way dead. Won't be for decades.

Video suggestion: how Iceland became From one of the poorest to richest countries in Europe

So.instead of being a rentier economy based on oil they just become a rentier economy based on stocks

Thnx for the bonus dude 😝

Sounds like a more competent Venezuela. As for investments in state run companies, theres plenty of study cases and the record is mixed to say the least.

"Oil is DONE" 7 seconds later: "Obviously we will never be done with oil..."

why are your videos so good

We will never run out of oil …never ever ….ever

Wait wait do you like bodybuilding? I laughed so hard when you used a picture of Shaun Clarida in the first 30 seconds LMFAO

Props for showing Formula E at 13:17 instead of just another F1 picture. I also love the seamless transitions to and from the War Thunder ad.

I have been hearing this peak oil scenario for over 40 years. It's always coming but never gets here.

Saudi could have just kept the mega projects simple. Try to create reforestation, add renewables and simple properties if they think numbers will rise.

The world only has 60 years' oil reserves left. Now when did I hear that before? Oh, yes, it was in the early 1980's. Reality is that new oil reserves are being found all the time, and we most likely won't run out of oil for a very long time.

The primary issue is what made saudi arabia a "backwater" to begin with No water that is Food will always be imported, heavy industry is limited and not as profitable as elsewhere I am sure the average Saudi can be educated to work in high level industries as any American, but it's always cheaper for those industries to not be in a literal desert. All that is left is Oil and refinaries

Once in a blue moon, we are blessed with a hoser video. See you all next month!

i was about to write a paragraph on why you were wrong on most parts, however i saw till the end i agree when you said economy is made out of people and not massive buildings and tourists, however saudi has the fastest gdp growth out of the g20 countries for 2022 and 2023, and saudi is still growing as fast as ever, the attention saudi is getting in these past years is promising, saudi now has the role for 2030 expo and 2034 world cup, saudi is also aiming for electrical dependance not just because of them not wanting to run out of oil, rather itll be more benefical for the next generations. its alot more reliable to rely on innovation and science rather than one material. in a way saudi is investing in everything which isnt a bad thing its just if the ambitious projects will actually be finished or not, i live in saudi and i already see them doing work for the cube and so on, theyve already bought land from the citizens and are starting on building. in general, saudi has a bright future but the only thing im worried about is riyadh, alot of people are focused on the economical city of riyadh which is where alot of jobs and stores ect are, this is a problem because it causes alot of traffic, if they just adjust the roads and traffic then saudi will easily be one of the best luxury countries for tourism.

كل ما تزين الجلسة يجي اجنبي يقول ان راح نطيح في 60 داهية علشان النفط

3:11 it's much MORE than 70%! Most of what can I read off this chart is materials synthesized from petroleum. Polymers, alcohols, etc...

That's a decade in the future, and they're always wrong about predictions that far away.

Electrical vehicles are going nowhere. Too expensive and necessitates huge investment in infrastructure.

Well done. Nice video however there are some miss leading informations. Appreciate the work needs more research and asking suadis for some informal specially about the social activities.

I literally had a class about this last week, how interesting! Edit: also, is this the first time Georgia's animal has appeared on the channel? I like it!

These megaprojects will become amazing movie sets. Either for a post-apocalipse or a paradise tipe of scenario

You never mentioned their invite and acceptance into BRICS+ and what that will mean for them all. Another video incoming?

"you are me" nice one

They always move the goalpost for "peak oil."

Saudi Arabia has a long way to go before tourist will pour into the country lmao

Seamless ad transition. A+

Wow oil is so done it only makes few trillion € per year in transactions, how will the companies ever survive??

The thing is oil isn't about just fuel but numerous other oil derivates that come from it, so if you cut the fuel use out of it, there's still going to be need for it

MBS needs to be worried. They could end up like Venezuela. A decline in the use of oil is a HUGE threat to the Royal Family. Far greater than anything Iran could do to them.

can you do a video about why cost of living is so high in Accra, Ghana?

As an average person I am not sure if "oil is done" is reality or media hype. Electrification still has a way to go and is primarily making inroads in compact cars market. SUV , Trucks and bigger transportation is still dominated by ICE. What about heavy industry. Not all oil is used by cars. It might test OPEC's strategy of cutting output if demand reduces a bit and other countries increase their production but I see oil around for 30-40 years. Even longer.

Without cheap oil, we may forget about cheap travel, especially by plane. And without airplanes, say goodbye to long distance tourism into such a remote areas as the near east.

"What do you need to make tourists leave their bubble and come to you" Human rights? Wait, this is Saudi Arabia lol

as somebody who lives in saudi, the line isnt the only thing thats being made, there are i think currently 4 mega projects including the line and 2 of them (oxagen and the islands) are already quite doable, the islands are actually probably almost done now, at least the first one. the line is too far but eh lets see.

20 years ago they told us we can only be extract oil for 60 years and then it will be all gone! now, they still say the same story with the same numbers! hahahaha

That transition into the war thunder ad was god tier. I almost felt bad when I skipped it…almost.

Thanks hoser for continuing to make fascinating geopolitical and economic videos about certain places in the world. High school is exhausting and you really help me out with it so thank you ❤❤

Hunger is not a sign that it is God who is dealing with you. Scripture also said " a little sleep, a little slumber, a little folding of the arms so shall poverty come upon you like a Bandit. That is why we need knowledge of saving and investment. It is advisable not to eat our tomorrow and the future of our children today...

perfect, everything going as planned

"Oil is a technically finite resource". There's no "technically" about it, it is 100% finite and does not renew. That's literally the reason why everything else is called "renewable"

Saudi arabia bout to follow venezuela's footsteps if they don't switch from oil.

I heard lots of stuff going on in Canada economic stand wise, what happened to them hoser

Never seen such an amount of butthurt in the comments in a video, hilarious, especially how oil has been done for the last 20 years and we are still waiting to be done done :)

It's the most clean and fluent transition to AD I have ever seen in my life.

that sponcer transition was so clean

an new energy as never replaced an old one,,, we still use wood fo eathing and coll for energie,,, in denmark 80% of cars are now electric but the gasoline comsuption as only drop about 10%