Ha! The real obscenity is the profit made from 'western' expertise by a nation of camel traders who extort us for a product that costs tuppence a barrel to extract from their 'countries', making it more expensive than milk.

The capitalist concept of "supply & demand" determines the price, not those whose land it's under.

Ha! The real obscenity is the profit made from 'western' expertise by a nation of camel traders who extort us for a product that costs tuppence a barrel to extract from their 'countries', making it more expensive than milk.

They are probably enjoying retaliation for being exploited 100 years ago by the western oil explorers in the Arabian peninsula. Luckily for them their reserves turned out to be much greater than ours - when we eventually discovered them.

Ha! The real obscenity is the profit made from 'western' expertise by a nation of camel traders who extort us for a product that costs tuppence a barrel to extract from their 'countries', making it more expensive than milk

Perhaps you need to look at the world through different eyes.

We have tilted the world in our favour. There are people in developing nations who are making our clothes, shoes, food, products. The coffee you drink was picked up by a farm worker on $2 day for a 10 hour day working under the hot sun. They don't have free schools or healthcare, or pensions.... Compared that with someone the UK earning earning 10 hours x £8.91 = £89. $2 versus £89!!

Who is exploiting whom? We lives off the toil of those in developing nations. We have a good standard of living because of it.

Does someone working in Great Britain earning £10 per hour create more value then someone in Turkey earning £1 per hour?. Is a British (Western) worker doing the same job, ten times more productive then one in a low cost country?

We have squandered our North Sea oil. Destroyed our factories playing class war.

Dubai was a fishing village in the 1950s in a hot inhospitable desert. They had very little oil compared to their neighbours. They have built up an impressive economy.

Today, Dubai has the worlds tallest building, they built a palm beach, they have a 7 star hotel. They have a very successful and award winning Emirates airlines.

They did this without taxation which they consider 'unearned' money. Their exploitation of worker is n't great, however, it is no different to us buying cheap goods.

If you want to see exploitation, look at Apple who are worth $3trillion. Microsoft which keep recycling their old software products. Making us pay for the same software it developed 20 years ago and making us pay for it again and again. Moving to subscription model, instead of owning software outright, we have become renters of software.They don't pay a fair level of taxes either.

The only thing this country seems to manufacturing these days is new ways to tax its citizens.

Globalisation is n't going to be pretty. When people earn the same wages the world over.

The Middle East could have bankrupted the world by charging us silly money for oil and gas. Perhaps, it has made us lazy, not looking at renewables.

BP/Shell /Esso go bust - unlikely but they could become a shadow of what they currently are.

70% of world energy is Oil & Gas

In 2050 some guess it could be 50% Oil & Gas ie 30% smaller - I know of 1 company that thinks 50% is a marker and they want to grow their share against what was the 7 sisters (1950's description of the big players) who dominated/dominate the market today.

Some small O&G companies will thrive being key players in specialised areas/business sectors - the BIG boys might well be smaller but still significant players.

It is not so long ago that GM & Ford were the biggest - Toyota took the crown but in 30 years time it could be anybody. 30 years ago how many, in the UK, had heard of, far less bought a Hyundai, and now, they are a first division volume car manufacturer.