Richard S. wrote:Saudi Arabia and the rest of theses nations where the economy is based almost entirely on oil better start planning for the future, once the oil dries up they are toast.
Actually they are. Take a look at any professional science or engineering journal and you will see ads for college level teaching positions in the Middle East. Here's one in Qatar. http://www.qatar.cmu.edu/
The western professors are being wooed in droves, with great pay and research opportunities. Same for China. Here's one in Hong Kong: http://www.ece.ust.hk/ece.php
Did you know that AMD, the not Intel maker of computer PC CPUs is now owned by an Abu Dhabi government controlled company. See: http://news.cnet.com/8301-13924_3-10118425-64.html
While it currently is only the chip manufacturing portion of the company the trend is clear more US companies will be owned by foreign companies and in some cases governments.
What's common in all the deals is a eye to the future, a future that deals the USA out of it.