Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Oil in a Week –Oil amid the Arab Changes
Published in AL HAYAT on 27 - 03 - 2011

Current Arab revolutions and uprisings are a critical stage of the nation's history, as were the military coups that marked the middle of the last century, with a major difference between today's events (led by youths following decades of disillusionment with the ruling regimes), and the events of yesteryear (led by armies and traditional parties, either to eliminate foreign tutelage or occupation, or under the pretense of liberating Palestine). Of course, in both cases, the difference between each country and another, in terms of the various developments taking place, must be taken into account, and so should the inevitable role of foreign powers be, in these crucial changes.
There are many differences between the two phases. Since oil is the backbone of the Arab economy, its varying role in these events is evidence of the differences among them, most importantly, in terms of the role of oil in Arab countries from the mid-twentieth century until this year. In that first stage, attention focused on the nature of contracts signed with international companies and the extent of the revenues incurred by oil-producing countries as a result. But now, with oil revenues reaching tens of billions of dollars annually in oil-producing nations, the young protesters' focus was on the fair and sensible redistribution of oil wealth, and the establishment of productive economies that provide jobs for the millions of unemployed individuals amongst them. This is not to mention putting an end to the culture of corruption, which became rampant in Arab societies, and the policy of oppression that dominates the authorities' approach to dealing with their peoples. The youths may have had heard of the billions of dollars in oil revenues in this or that country, but not only have they not benefited from them to improve their standard of living, but they have also continued to live in societies that are denied the basic amenities of modern life, such as electric power, water, medical healthcare and modern education. These basic amenities are provided in other countries around the world, even in those that are considered less wealthy than our countries. Matters have reached such a bad point, that the speaker of the parliament in a certain oil-producing country declared that 40 billion dollars of public funds have disappeared, without knowing how that happened, or who is responsible for this. Incidentally, this figure is about half a year's crude oil output of that country.
Thus, this anger and rage come hand in hand with the absence of the most basic foundations of democracy and freedom, in terms of the distribution of powers among the three branches, Legislative, Executive and Judicial, which are supposed to monitor one another and hold it to account. The major disappointment lies in the failure of most parliaments or Shura councils to exercise their primary duties of drafting budgets and allocating funds to be spent by ministries and governments, and whether this is taking place in accordance with the applicable laws in place or not.
Not surprisingly, the young protesters' slogans did not focus on secondary issues, such as the nature of their countries' agreements with major oil corporations, in spite of the important role of oil in their countries, and not even on the slogan of the liberation of Palestine. Instead, they distanced themselves from the traditional issues that had been highlighted by political parties over more than half a century, and focused most of their demands on ousting and overthrowing regimes, with all their officials, from the president to the ministers, subordinates down to the elites benefiting from them. The absolute lack of trust in the existing regimes, after decades of corrupt and irrational rule, led, among other things, to these grave changes that brought about the mass exodus of the people towards all four corners of the world.
It is hoped that the new changes would benefit from past lessons and bitter experiences, in order to avoid mistakes and to build modern societies where citizens are equal with one another, without any discrimination or segregation, and where officials are held accountable for their words and deeds.
Matters have reached such an extent of deterioration that Arab citizens, in oil-producing countries or otherwise, began to wonder where oil in their countries was, not what the nature of the contracts held with this or that international companies is. Arab citizens ask why there is a shortage in power supply. Is it because of the scarcity of petroleum products or natural gas in power plants? If this is the case, then why does the state not serve its citizens first before exporting such resources? Is serving citizens not more important than supplying fuel to foreign consumers? In the event of exporting these resources, then where are the oil revenues, estimated at billions of dollars annually?
*. Mr. Khadduri is an energy expert


Clic here to read the story from its source.