&quot;My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.&quot; - Sheikh Rashid bin Saeed Al Maktoum, who made Dubai into a trade hub.<p>Oil states that passed peak oil haven&#x27;t done well afterward. Egypt peaked in 1992[1], and came apart politically on the way down. Libya peaked in 2008.[2] (Much of that was a war, but they never came back.) Saudi Arabia doesn&#x27;t seem to be near peak output yet, but they&#x27;re well below peak revenue.  This is a real threat to the country&#x27;s stability, which is purchased with big handouts.  This was a story on YC about two days ago.<p>[1] <a href="http:&#x2F;&#x2F;crudeoilpeak.info&#x2F;egypt" rel="nofollow">http:&#x2F;&#x2F;crudeoilpeak.info&#x2F;egypt</a>
[2] <a href="http:&#x2F;&#x2F;crudeoilpeak.info&#x2F;libya-peak-oil" rel="nofollow">http:&#x2F;&#x2F;crudeoilpeak.info&#x2F;libya-peak-oil</a>