MUST READ! Where Is All The Oil Money Going?

[Joanne98]

Inquiring minds might just be wondering where all the oil money is going. Let's take a look at the answer with a set of really amazing pictures.

Dubai in 1990


The same street in 2003


Dubai 2007


Dubai is said to currently have 15-25% of all the world's cranes.


The Dubai Waterfront.

When completed it will become the largest waterfront development in the world.
All of this was built in the last 5 years.


The Palm Islands in Dubai

New Dutch dredging technology was used to create these massive man made islands. They are the largest artificial islands in the world and can be seen from space. Three of these Palms will be made with the last one being the largest of them all.


The Palm Islands in Dubai

Upon completion, the resort will have 2,000 villas, 40 luxury hotels, shopping centers, movie theaters, and many other facilities. It is expected to support a population of approximately 500,000 people. It is advertised as being visible from the moon.


Hydropolis, the world's first underwater hotel

Entirely built in Germany and then assembled inDubai, it is scheduled to be completed by 2009 after many delays.


AND MUCH MUCH MORE!!
http://globaleconomicanalysis.blogspot.com/

I'm SPEECHLESS!

[Demeter]

1. Well, Shucks

Couldn't ask for a better target.

[Red Zelda]

2. LOL

That'll be a fine abandoned city by 2120.

[Kikosexy2]

23. Evil Dick's...

new hideout after 2009?...

[Dewlso]

3. Oil Money went to fund....

Or here in Crawford Texas.

[bigbrother05]

4. Disney Land for Adults

[AndyA]

5. Dubai is very grateful to Bush and Cheney for their super secret Energy Policy of 2001.

They owe much of their success to them.

Why these men aren't being brought up for treason is due solely to a spineless Congress that has failed to do its job.

[Joanne98]

6. We need congressional hearings on this. The question has to be asked..

Is our military being used to protect US interests, or Dubai's? This is a total outrage!

[donsu]

7. it is the neo cons ew playground

nt

[CRH]

8. Let the fumes from their oil, ...

melt the planet's ice, then rising seas can paint the final Dubai landscape, with sweet irony.

[Joanne98]

9. I'll pray for that!

[CRH]

10. Si, kick

[grassfed]

21. Gulf builds world's first zero-carbon, zero-waste car-free city

http://news.bbc.co.uk/2/hi/science/nature/7237672.stm

Work starts on Gulf 'green city'
Abu Dhabi has started to build what it says is the world's first zero-carbon, zero-waste car-free city.

The city will be mostly powered by solar energy and residents will move in travel pods running on magnetic tracks. The project is supported by global conservation charity, the WWF.

Less power, less water. The city will make use of traditional Gulf architecture to create low-energy buildings, with natural air conditioning from wind towers. Water will be provided through a solar-powered desalination plant, Masdar says. The city will need a quarter of the power required for a similar sized community, while its water needs will be 60% lower.

The city forms part of an ambitious plan to develop clean energy technologies. In January, the government of Abu Dhabi announced a $15bn five-year initiative to develop clean energy technologies, calling it "the most ambitious sustainability project ever launched by a government".

As part of the plan, Abu Dhabi will become home to the world's largest hydrogen power plant.

The money is being channelled through the Masdar Initiative, a company established to develop and commercialise clean energy technologies, and Abu Dhabi hopes it will lead to international joint ventures involving much more money. Abu Dhabi will invest $4bn of equity in the project and borrow some of the rest, Masdar said.

"We will monetise all carbon emission reductions... Such innovative financing has never been applied to the scale of an entire city."

[CRH]

30. Kind of funny how the elite behind the US government, ...

encouraged and indeed subsidized and shaped the car culture, in alliance and cooperation with big oil and middle east dictatorships. Then when the exhaust of their fruits choke the people and economies as the climate spins out of control, they try to create a model of a sustainable city for themselves, and then control the wealth of any possible technological solutions to their failing past social and environmental model.

I wished I could live long enough to see their failed attempt at living in splendor within a compromised global climate, ecosystems, and economy. Sustainability of life does not seem to be their strong suit.

The wealthy elites too, seem to have their delusions.

[Speciesamused]

11. 60 minutes aired a piece on Dubai last sun.

it was very informative. If you can find it online you should watch it.
I am glad we the people got them not to do a port deal
with Dubai. You can see they are already sucking us dry.

[flashl]

15. The rest of the Dubai port story ...

U.A.E. awaits U.S. reaction to next takeover

Dubai group has acquired British defense company

Wednesday, April 26, 2006

By Agence France Presse (AFP)

GENEVA: The United Arab Emirates was dumbfounded by the political storm in the U.S. over a move by one of its companies to manage six American ports and is now watching for the reaction to another planned takeover, the Gulf country's economy minister said Tuesday.

...

Trade Organization.

The government-owned company DP World had won the rights to operate six main U.S. ports through a multi-billion-dollar deal in which it acquired British P&O.

But in March it announced plans to sell the U.S. part of its P&O acquisition following massive U.S. Congress opposition which voiced security concerns over a deal involving an Arab state, recalling that two of the plane-hijackers on September 11, 2001 were U.A.E. nationals.

...

U.S. President George W. Bush had backed the ports deal, and DP World's climbdown spared him a clash with lawmakers who have increasingly been challenging his free-trade agenda and raised the spectre of a Republican rebellion ahead of mid-term elections in November.

...

Another deal involving the United States has the potential to provoke a spat, too.

Dubai International Capital has acquired Doncaster Group Ltd., a British aerospace company that owns U.S. plants making tanks and military aircraft, and the purchase is still under review.

"This particular company has 2 percent of defense parts and it's considered non-classified and it's not something that has great implication on defense or security," said Qasimi.

Daily Star

[AlertLurker]

19. It's kinda the other way around, actually.

The USA is sucking EVERYBODY dry.

The real problem is that the USA is almost out of $$$. Pretty soon out of OIL, too. THEN the REAL SHIT will hit the fan.

[NikolaC]

28. They Did Get The Deal I Believe

It was just done behind the scenes.

[RuleOfNah]

12. Corporations are moving there too.

Haliburton, I hear. I would blame treasonish criminals but there are a lot of car drivers in the USA sharing the blame, especially the (R) gas guzzlers of choice.

[Baby Snooks]

13. Halliburton has already moved...

Out of the country, out of the range of the arms of the law and the hands of the process servers, and out of the range of the IRS.

The CEO of course will "commute" to a regional office in Houston. To or from is really the question.

[Joanne98]

17. They didn't want to pay taxes!

[bushstole2000]

14. I know where it is going

To the pockets of Bush's oil buddies. That is where.

[Joanne98]

16. You're right! Welcome to DU!

[Joanne98]

18. kick

[Joanne98]

20. kick

[katty]

22. Dubai, the band of criminals playground-a gluttony fest

[Joanne98]

25. It's a transfer of wealth, on a global scale!!!!!!!

[katty]

31. indeed!!

[yurbud]

24. kick

[Joanne98]

26. Thankyou!

[Joanne98]

27. Please click on the link and read the whole thing. He rants at the end!

And he has a cool poem too.

[Joanne98]

29. kick

[Joanne98]

32. I'm going to kick this forever!

:kick:

[bobthedrummer]

33. "More Evidence of Pre-9/11 Inside Trading: Follow the Money? God forbid.

Why was the cashing out of billions of dollars just before the 9/11 attacks never investigated?"
by Jim Hogue (1-29-2008 Baltimore Chronicle)
http://baltimorechronicle.com/2008/012908Hogue.shtml

[benld74]

34. And WE GOT bombed for having 2 large buildings!!!!

F*ck them, to go back to my college days, towels headed sumbichs!!! They need to go after Dubai, they're the ones who really flaunt what they got and have gone western on what they beleive! Make me ill just thinking about it. All the effin mney doing what?

[cyclezealot]

35. Joanne. Your global analysis link

does not take me to the Oil Money story. Could you please be more specific in linking us to the OP story. thanks.

[Joanne98]

38. Here ya go. Sorry I didn't have the permalink!

http://globaleconomicanalysis.blogspot.com/2008/02/where-is-all-oil-money-going.html

[cyclezealot]

40. thanks

this one works.

[Joanne98]

36. kick

[Joanne98]

37. HERE'S THE LINK THAT WORKS!

http://globaleconomicanalysis.blogspot.com/2008/02/where-is-all-oil-money-going.html

[Deny and Shred]

39. The big irony will come if the seas rise.

Those are some vulnerable islands, if global warming were to result in a several foot rise in sea level.
If so, the city built because of oil will submerge because of the burning of that very oil.
Those tall, shimmering towers will make a juicy local target for 'evildoers' in the years to come.

[Joanne98]

41. kick

[Joanne98]

42. kick

[Joanne98]

43. kick

[Joanne98]

44. kick

[electron_blue]

45. Holy crap! How fitting that they'll probably be among the first to go due to global warming

and the rising ocean levels that accompany it.